Company registration number 00819152 (England and Wales)
LE CARRE PRODUCTIONS
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
LE CARRE PRODUCTIONS
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
LE CARRE PRODUCTIONS
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Non-current assets
Investments
3
68,899
68,899
Current assets
Trade and other receivables
4
111,177
27,222
Cash and cash equivalents
537,869
346,952
649,046
374,174
Current liabilities
5
(39,368)
(37,495)
Net current assets
609,678
336,679
Net assets
678,577
405,578
Equity
Called up share capital
6
1,000
1,000
Retained earnings
677,577
404,578
Total equity
678,577
405,578
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 April 2024 and are signed on its behalf by:
S.A.V Cornwell
Director
Company registration number 00819152 (England and Wales)
LE CARRE PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Le Carre Productions is an unlimited private company incorporated in England and Wales. The registered office is at Devonshire House, 1 Devonshire Street, London W1W 5DR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.The principal accounting policies adopted are set out below.
1.2
Reporting period
The comparative figures are for a 9 month period to 31 December 2022.
1.3
Revenue
Turnover represents the total value of copyrights and royalties earned for the year, and is recognised when the right to consideration has been earned under the terms of service agreements or contracts.
1.4
Non-current investments
Investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the income statement.
Investment in subsidiary is stated at cost.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
1.6
Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability of another entity. They are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.
LE CARRE PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including trade and other payables are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the year are included in profit or loss.
2
Employees
There were no employees during the year and in the previous period.
3
Fixed asset investments
2023
2022
£
£
Investments
68,899
68,899
Movements in non-current investments
Shares in group undertakings
Other investments
Total
£
£
£
Cost or valuation
At 1 January 2023 & 31 December 2023
200
68,699
68,899
4
Trade and other receivables
2023
2022
Amounts falling due within one year:
£
£
Amounts due from group undertakings
2,632
1,237
Other receivables
31,900
985
Prepayments and accrued income
76,645
25,000
111,177
27,222
LE CARRE PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
5
Current liabilities
2023
2022
£
£
Other payables
100
Accruals and deferred income
22,229
9,750
Taxation and social security
17,139
27,645
39,368
37,495
6
Called up share capital
2023
2022
£
£
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000