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Company No: 09299929 (England and Wales)

CURIOUS PRODUCTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

CURIOUS PRODUCTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

CURIOUS PRODUCTIONS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
CURIOUS PRODUCTIONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS D Agambar
M Grosvenor
R Jameson
REGISTERED OFFICE 3-4 Baker's Yard
London
EC1R 3DD
United Kingdom
COMPANY NUMBER 09299929 (England and Wales)
CURIOUS PRODUCTIONS LIMITED

BALANCE SHEET

As at 31 December 2023
CURIOUS PRODUCTIONS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 98,934 40,524
98,934 40,524
Current assets
Debtors 4 1,870,588 1,658,584
Cash at bank and in hand 1,596,114 1,478,738
3,466,702 3,137,322
Creditors: amounts falling due within one year 5 ( 1,458,284) ( 1,271,018)
Net current assets 2,008,418 1,866,304
Total assets less current liabilities 2,107,352 1,906,828
Creditors: amounts falling due after more than one year 6 ( 449) ( 927)
Provision for liabilities 7, 8 ( 750) 0
Net assets 2,106,153 1,905,901
Capital and reserves
Called-up share capital 10,245 11,835
Share premium account 22,890 22,890
Capital redemption reserve 2,140 550
Profit and loss account 2,070,878 1,870,626
Total shareholders' funds 2,106,153 1,905,901

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Curious Productions Limited (registered number: 09299929) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

R Jameson
Director
CURIOUS PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
CURIOUS PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Curious Productions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3-4 Baker's Yard, London, EC1R 3DD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probably that future economic benefits will flow to the entity;
And on the completion of media productions due to clients.

At the balance sheet date, revenue is recognised in accordance with its stage of completion.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also registered directly in other comprehensive income.

The current 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 taxable income.

Deferred tax
Deferred tax is recognised on the temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is determined using the tax rates and laws which have been enacted or substantively enacted by the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service the excess is recognised as a prepayment.

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided on tangible fixed assets so as to write off the cost over their expected useful economic life as follows:

Leasehold improvements 5 years straight line
Plant and machinery 3 years straight line
Office equipment 3 years straight line
Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Interim dividend distributions to the company's shareholders are recognised when paid. Final dividends are recognised when approved by the members.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 35 38

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 January 2023 139,344 192,128 267,554 599,026
Additions 5,676 41,304 65,543 112,523
At 31 December 2023 145,020 233,432 333,097 711,549
Accumulated depreciation
At 01 January 2023 133,140 187,160 238,202 558,502
Charge for the financial year 4,818 19,763 29,532 54,113
At 31 December 2023 137,958 206,923 267,734 612,615
Net book value
At 31 December 2023 7,062 26,509 65,363 98,934
At 31 December 2022 6,204 4,968 29,352 40,524

4. Debtors

2023 2022
£ £
Trade debtors 1,124,510 971,508
Other debtors 746,078 687,076
1,870,588 1,658,584

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 304,792 267,443
Taxation and social security 751,988 417,232
Obligations under finance leases and hire purchase contracts 460 7,503
Other creditors 401,044 578,840
1,458,284 1,271,018

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 449 927

There are no amounts included above in respect of which any security has been given by the entity.

7. Provision for liabilities

2023 2022
£ £
Other provisions 750 0
Other Total
£ £
At 01 January 2023 0 0
Charged to the Profit and Loss Account 750 750
At 31 December 2023 750 750

8. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 14,787) ( 10,743)
Credited/(charged) to the Profit and Loss Account 4,657 ( 4,044)
At the end of financial year ( 10,130) ( 14,787)

9. Financial commitments

Commitments

2023 2022
£ £
Total future minimum lease payments under non-cancellable operating lease 3,485 2,619

10. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Loans to participators 0 15,000