Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseFilm productions11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03295976 2023-01-01 2023-12-31 03295976 2022-01-01 2022-12-31 03295976 2023-12-31 03295976 2022-12-31 03295976 c:Director1 2023-01-01 2023-12-31 03295976 d:OfficeEquipment 2023-01-01 2023-12-31 03295976 d:OfficeEquipment 2023-12-31 03295976 d:OfficeEquipment 2022-12-31 03295976 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03295976 d:CurrentFinancialInstruments 2023-12-31 03295976 d:CurrentFinancialInstruments 2022-12-31 03295976 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03295976 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03295976 d:ShareCapital 2023-12-31 03295976 d:ShareCapital 2022-12-31 03295976 d:RetainedEarningsAccumulatedLosses 2023-12-31 03295976 d:RetainedEarningsAccumulatedLosses 2022-12-31 03295976 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03295976 c:OrdinaryShareClass1 2023-12-31 03295976 c:OrdinaryShareClass1 2022-12-31 03295976 c:FRS102 2023-01-01 2023-12-31 03295976 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03295976 c:FullAccounts 2023-01-01 2023-12-31 03295976 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03295976 2 2023-01-01 2023-12-31 03295976 6 2023-01-01 2023-12-31 03295976 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03295976














FRAGILE FILMS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
FRAGILE FILMS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
FRAGILE FILMS LIMITED
REGISTERED NUMBER:03295976

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,230
6,202

Investments
 5 
100
100

  
5,330
6,302

Current assets
  

Debtors: amounts falling due within one year
 6 
4,366
32,241

Cash at bank and in hand
  
132,838
90,224

  
137,204
122,465

Creditors: amounts falling due within one year
 7 
(145,492)
(117,777)

Net current (liabilities)/assets
  
 
 
(8,288)
 
 
4,688

  

Net (liabilities)/assets
  
(2,958)
10,990


Capital and reserves
  

Called up share capital 
 8 
200
200

Profit and loss account
  
(3,158)
10,790

  
(2,958)
10,990


Page 1

 
FRAGILE FILMS LIMITED
REGISTERED NUMBER:03295976
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 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 D W Thompson
Director

Date: 24 September 2024

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

Page 2

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

1.


General information

The company's legal form is that of a limited company incorporated in the United Kingdom with its registered office at Ealing Studios, Ealing Green, Ealing, London, W5 5EP.
The principal activity of the company was that of film production.

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 balance sheet date, the company had net current liabilities and net liabilities. The director, who is also the sole shareholder, will make funds available to the company so that it will be able to carry on trading and meet its financial obligations as and when the fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when all contractual obligations have been met.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balaance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

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

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

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

2.Accounting policies (continued)

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

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

 
2.13

Borrowing costs

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

 
2.14

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 reporting date in the countries where the Company operates and generates income.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
11,406


Additions
731



At 31 December 2023

12,137



Depreciation


At 1 January 2023
5,204


Charge for the year on owned assets
1,703



At 31 December 2023

6,907



Net book value



At 31 December 2023
5,230



At 31 December 2022
6,202


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
100



At 31 December 2023
100




Page 6

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

6.


Debtors

2023
2022
£
£


Trade debtors
-
152

Other debtors
-
32,089

Prepayments and accrued income
4,366
-

4,366
32,241



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
974
-

Trade creditors
947
13,066

Taxation and social security
4,230
504

Other creditors
5,702
978

Accruals and deferred income
133,639
103,229

145,492
117,777



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) Ordinary shares of £1 each
200
200


 
Page 7