Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseTelevision programme production activities33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08580125 2023-01-01 2023-12-31 08580125 2022-01-01 2022-12-31 08580125 2023-12-31 08580125 2022-12-31 08580125 c:Director3 2023-01-01 2023-12-31 08580125 d:CurrentFinancialInstruments 2023-12-31 08580125 d:CurrentFinancialInstruments 2022-12-31 08580125 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08580125 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08580125 d:ShareCapital 2023-12-31 08580125 d:ShareCapital 2022-12-31 08580125 d:SharePremium 2023-12-31 08580125 d:SharePremium 2022-12-31 08580125 d:RetainedEarningsAccumulatedLosses 2023-12-31 08580125 d:RetainedEarningsAccumulatedLosses 2022-12-31 08580125 c:FRS102 2023-01-01 2023-12-31 08580125 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08580125 c:FullAccounts 2023-01-01 2023-12-31 08580125 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08580125 2 2023-01-01 2023-12-31 08580125 4 2023-01-01 2023-12-31 08580125 6 2023-01-01 2023-12-31 08580125 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08580125









EYE PRESENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EYE PRESENT LIMITED
REGISTERED NUMBER: 08580125

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Restated 2021
Note
£
£

Fixed assets
  

Investments
  
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 6 
28,342
1,753,654

Cash at bank and in hand
 7 
107,867
176,344

  
136,209
1,929,998

Creditors: amounts falling due within one year
 8 
(129,775)
(1,883,684)

Net current assets
  
 
 
6,434
 
 
46,314

Total assets less current liabilities
  
6,435
46,315

  

Net assets
  
6,435
46,315


Capital and reserves
  

Called up share capital 
  
200
200

Share premium account
  
40,000
40,000

Profit and loss account
  
(33,765)
6,115

  
6,435
46,315


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 profit and loss account 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: 


Page 1

 
EYE PRESENT LIMITED
REGISTERED NUMBER: 08580125
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023



G Dexter
Director

Date: 24 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

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

1.


General information

Eye Present Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

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 Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

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

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

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

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 4

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

2.Accounting policies (continued)

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

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

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1





6.


Debtors

2023
2022
£
£


Trade debtors
-
195,377

Amounts owed by group undertakings
21,935
1,542,540

Other debtors
717
60

Prepayments and accrued income
-
15,677

Tax recoverable
5,690
-

28,342
1,753,654



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
107,867
176,344

107,867
176,344


Page 6

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

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
-
250,248

Trade creditors
3,024
23,608

Amounts owed to group undertakings
125,000
125,052

Other taxation and social security
-
8,381

Other creditors
1
1

Accruals and deferred income
1,750
1,476,394

129,775
1,883,684



9.


Related party transactions

At the balance sheet date the company was owed £21,935 (2022: £1,542,540) from Eye Present (Best & Bester) Ltd, a group company. The company owed £125,000 (2022: £148,950) to Doodle Corporation Limited, the parent company. These loans were interest-free and there were no terms for repayment. 

 
Page 7