Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse2023-01-01Making, producing and exploitation of films00truefalse 00787093 2023-01-01 2023-12-31 00787093 2022-01-01 2022-12-31 00787093 2023-12-31 00787093 2022-12-31 00787093 2022-01-01 00787093 c:Director3 2023-01-01 2023-12-31 00787093 d:CurrentFinancialInstruments 2023-12-31 00787093 d:CurrentFinancialInstruments 2022-12-31 00787093 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00787093 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00787093 d:ShareCapital 2023-12-31 00787093 d:ShareCapital 2022-12-31 00787093 d:ShareCapital 2022-01-01 00787093 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 00787093 d:RetainedEarningsAccumulatedLosses 2023-12-31 00787093 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 00787093 d:RetainedEarningsAccumulatedLosses 2022-12-31 00787093 d:RetainedEarningsAccumulatedLosses 2022-01-01 00787093 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00787093 c:OrdinaryShareClass1 2023-12-31 00787093 c:FRS102 2023-01-01 2023-12-31 00787093 c:Audited 2023-01-01 2023-12-31 00787093 c:FullAccounts 2023-01-01 2023-12-31 00787093 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00787093 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00787093 6 2023-01-01 2023-12-31 00787093 3 2023-12-31 00787093 3 2022-12-31 00787093 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00787093














SUBAFILMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
SUBAFILMS LIMITED
REGISTERED NUMBER:00787093

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2
2

Current assets
  

Debtors: amounts falling due within one year
 5 
134,724
119,634

Cash at bank and in hand
  
586,887
486,987

  
721,611
606,621

Current liabilities:
  

Creditors: amounts falling due within one year
 6 
(485,254)
(427,630)

Net current assets
  
 
 
236,357
 
 
178,991

  

Net assets
  
236,359
178,993


Capital and reserves
  

Called up share capital 
 7 
92
92

Profit and loss account
  
236,267
178,901

  
236,359
178,993


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf  by: 




B V Grakal
Director

Date: 15 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
SUBAFILMS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
92
220,459
220,551



Profit for the year
-
142,442
142,442

Dividends: Equity capital
-
(184,000)
(184,000)



At 1 January 2023
92
178,901
178,993



Profit for the year
-
195,366
195,366

Dividends: Equity capital
-
(138,000)
(138,000)


At 31 December 2023
92
236,267
236,359


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SUBAFILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Subafilms Limited is a private limited liability company incorporated in England and Wales, with its registered office address at 27 Ovington Square, London, SW3 1LJ.
The principal activity of the Company during the year was the making, producing and exploitation of films.

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

Turnover

Turnover comprises revenue from the exploitation of films, including ancillary income, exclusive of VAT, which is accounted for on an accruals basis.

 
2.3

Valuation of investments

Investments are measured at cost less provision for impairment.

 
2.4

Debtors

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

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on sufficient notice agreed in advance. 

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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.

Page 3

 
SUBAFILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Taxation

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.

  
2.10

Affiliated undertakings

In these financial statements, undertakings are described as affiliated to Subafilms Limited if:
(a) they have the same shareholders or ultimate shareholders as Subafilms Limited; or
(b) the undertaking is owned by one or more of the ultimate shareholders of Subafilms Limited.


3.


Employees

The Company had no employees during the current and preceding year. 



4.


Fixed asset investments





Finance loan

£



Cost 


At 1 January 2023
805,805



At 31 December 2023

805,805



Impairment


At 1 January 2023
805,803



At 31 December 2023

805,803



Net book value



At 31 December 2023
2



At 31 December 2022
2

The parties agreed that, from 1 January 2013, no further interest shall accrue or be payable on the finance loan.

Page 4

 
SUBAFILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by affiliated undertakings
65,290
47,053

Other debtors
-
3,069

Prepayments and accrued income
69,434
69,512

134,724
119,634



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
59,459
29,475

Other taxation and social security
17,727
-

Other creditors
200,000
200,000

Accruals and deferred income
208,068
198,155

485,254
427,630



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



92 Ordinary shares of £1 each
92
92



8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 16 September 2024 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 5