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REGISTERED NUMBER: 14930178 (England and Wales)















Unaudited Financial Statements

for the Period 12 June 2023 to 30 June 2024

for

Moonquake Ltd

Moonquake Ltd (Registered number: 14930178)






Contents of the Financial Statements
for the Period 12 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moonquake Ltd

Company Information
for the Period 12 June 2023 to 30 June 2024







DIRECTORS: T T Paton
J L Mcleod-Ross





REGISTERED OFFICE: Hollyberry Hall Farm Hollyberry Hall Far
Clay Lane
Coventry
CV5 9DH





REGISTERED NUMBER: 14930178 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Moonquake Ltd (Registered number: 14930178)

Balance Sheet
30 June 2024

Notes £   
CURRENT ASSETS
Stocks 4 906,858
Debtors 5 232,930
Cash at bank 8
1,139,796
CREDITORS
Amounts falling due within one year 6 1,035,283
NET CURRENT ASSETS 104,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,513

RESERVES
Retained earnings 104,513
104,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Moonquake Ltd (Registered number: 14930178)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





J L Mcleod-Ross - Director


Moonquake Ltd (Registered number: 14930178)

Notes to the Financial Statements
for the Period 12 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

Moonquake Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Work in progress
Work in progress relates to direct production costs incurred on productions in progress at the Balance sheet date. The costs are recorded at the lower of cost and net realisable value and are net of Value Added Tax.

Production costs are released to the profit and loss account on the delivery of programmes to the broadcaster, at which time the turnover is also recognised.

Costs arising for projects that have not yet been greenlit or funded by a third party are expensed as incurred.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Creditors
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at fair value, net of any transaction costs, and subsequently measured at amortised cost determined using the effective interest method.

The company capitalises all cash received in relation to the production of television as production advances until the production has completed and accepted by the customer, at which point it is recognised as part of revenue.

Moonquake Ltd (Registered number: 14930178)

Notes to the Financial Statements - continued
for the Period 12 June 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued

Cost recognition
Development costs are generally expensed as incurred to the income statement. Where development funding has been received, the revenue is recognised on a cost-plus basis. However, if a firm commitment exists which indicates that current and future expenses will be recoverable, development costs are capitalised in the costs of a programme. These costs are capitalised in WIP as a part of a specific project expected to be set for production.

Productions costs are ordinarily accumulated by individual programmes in four chronological steps:
acquisition of story rights; pre-production (which includes script development, costume design, set design, and construction); principal photography (which includes shooting the production); and post-production (which includes sound synchronisation and editing); culminating in the completed master negative. All costs are capitalised to Work in Progress (WIP) until the point at which the WIP balance is recognised or consumed on the income statement, generally as delivery of the episodes occurs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. STOCKS
£   
Work-in-progress 906,858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 169,897
VAT 63,033
232,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,032,783
Accruals and deferred income 2,500
1,035,283