Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activitytrue45trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13427612 2023-04-01 2024-03-31 13427612 2022-04-01 2023-03-31 13427612 2024-03-31 13427612 2023-03-31 13427612 c:Director3 2023-04-01 2024-03-31 13427612 d:CurrentFinancialInstruments 2024-03-31 13427612 d:CurrentFinancialInstruments 2023-03-31 13427612 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13427612 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13427612 d:ShareCapital 2024-03-31 13427612 d:ShareCapital 2023-03-31 13427612 d:RetainedEarningsAccumulatedLosses 2024-03-31 13427612 d:RetainedEarningsAccumulatedLosses 2023-03-31 13427612 c:FRS102 2023-04-01 2024-03-31 13427612 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13427612 c:FullAccounts 2023-04-01 2024-03-31 13427612 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13427612 2 2023-04-01 2024-03-31 13427612 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13427612









THE LIGHT / Y GOLAU CYF







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
THE LIGHT / Y GOLAU CYF
REGISTERED NUMBER: 13427612

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
-
633,850

Debtors: amounts falling due within one year
 5 
53,144
419,430

Cash at bank and in hand
 6 
6,809
5,187

  
59,953
1,058,467

Creditors: amounts falling due within one year
 7 
(69,654)
(1,058,367)

Net current (liabilities)/assets
  
 
 
(9,701)
 
 
100

Total assets less current liabilities
  
(9,701)
100

  

Net (liabilities)/assets
  
(9,701)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(9,801)
-

  
(9,701)
100


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
THE LIGHT / Y GOLAU CYF
REGISTERED NUMBER: 13427612
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.



A Spiteri
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
THE LIGHT / Y GOLAU CYF
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Light / Y Golau Cyf is a private company limited by shares and registered in England & Wales. The address of its registered office is Suite 303 Creative Quarter, 8a Morgan Arcade, Cardiff, Wales, CF10 1AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue comprises license fees receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.
Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.

Page 3

 
THE LIGHT / Y GOLAU CYF
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.7

Stocks

Stocks comprise production costs, which are recorded as a current asset net of the relevant tax credit. Production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.8

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties.

Page 4

 
THE LIGHT / Y GOLAU CYF
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


Stocks

2024
2023
£
£

Film production cost
-
633,850

-
633,850



5.


Debtors

2024
2023
£
£


Trade debtors
1,347
93,249

Other debtors
255
65,480

Called up share capital not paid
100
100

Tax recoverable
51,442
260,601

53,144
419,430



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,809
5,187

6,809
5,187


Page 5

 
THE LIGHT / Y GOLAU CYF
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
44,604
420,805

Other taxation and social security
-
152

Other creditors
21,050
618,714

Accruals and deferred income
4,000
18,696

69,654
1,058,367



8.


Related party transactions

During the year, advances totalling £Nil (2023: £318,550) were received from Triongl CYF, a shareholder in the company. At the reporting date £21,050 (2023: £318,550) was due to Triongl CYF. The loan is repayable on demand and not interest bearing.

 
Page 6