CHARLIE MACKESY LIMITED

Company Registration Number:
12326204 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CHARLIE MACKESY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CHARLIE MACKESY LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 17,440,158 18,487,658
Tangible assets: 4 25,428 18,757
Investments: 5 3 3
Total fixed assets: 17,465,589 18,506,418
Current assets
Stocks: 144,732 0
Debtors:   2,102,996 1,418,659
Cash at bank and in hand: 2,226,473 2,535,929
Total current assets: 4,474,201 3,954,588
Creditors: amounts falling due within one year: 6 (697,199) (579,470)
Net current assets (liabilities): 3,777,002 3,375,118
Total assets less current liabilities: 21,242,591 21,881,536
Total net assets (liabilities): 21,242,591 21,881,536
Capital and reserves
Called up share capital: 18 18
Share premium account: 20,999,992 20,999,992
Profit and loss account: 242,581 881,526
Shareholders funds: 21,242,591 21,881,536

The notes form part of these financial statements

CHARLIE MACKESY LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 September 2024
and signed on behalf of the board by:

Name: Charles Mackesy
Status: Director

The notes form part of these financial statements

CHARLIE MACKESY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, is shown net of VAT and other sales related taxes and includes provision for amounts not invoiced at the balance sheet date. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Motor vehicles - 25% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Intangible fixed assets and amortisation policy

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets are defined as having finite useful lives and the costs are amortised on a straight line basis over their estimated useful lives. Intangible assets are reviewed for impairment whenever there is an indication that the carrying value may be impaired. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Contractual IP rights - Straight line basis over 20 years from the date of acquisition Book copyright - Straight line basis over 20 years from the date of acquisition Brand and reputation - Straight line basis over 20 years from the date of acquisition Trademarks - Straight line basis over 20 years from the date of acquisition

Other accounting policies

Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Foreign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the year are included in profit or loss. Stock Stocks are stated at lower of cost and net realizable value, being the estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If sock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognized immediately in profit or loss.

CHARLIE MACKESY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

CHARLIE MACKESY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 20,950,000
At 31 December 2023 20,950,000
Amortisation
At 01 January 2023 2,462,342
Charge for year 1,047,500
At 31 December 2023 3,509,842
Net book value
At 31 December 2023 17,440,158
At 31 December 2022 18,487,658

CHARLIE MACKESY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 45,017
Additions 27,740
Disposals (45,017)
At 31 December 2023 27,740
Depreciation
At 01 January 2023 26,260
Charge for year 10,752
On disposals (34,700)
At 31 December 2023 2,312
Net book value
At 31 December 2023 25,428
At 31 December 2022 18,757

CHARLIE MACKESY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

Subsidiary and associated undertakings The following were subsidiary undertakings of the Company: WellHello Productions Limited, Film production services, Ordinary Shares, 100% Holding WellHello Publishing Limited, Book publishing, Ordinary Shares, 100% Holding Alotmore Limited, Television production services, Ordinary Shares, 100% Holding The Company's subsidiaries are all incorporated in England and Wales. Their registered office addresses are 1 Stephen Street, London, W1T 1AL.

CHARLIE MACKESY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

Creditors due within one year is comprised of: Trade creditors £199,300 (2022: £55,294) Corporation tax £318,392 (2022: £94,720) Other taxation and social security £119,791 (2022: £155,223) Other creditors £1 (2022: £216,854) Accruals and deferred income £59,715 (2022: £57,379) Total £697,199 (2022: £579,470) Other creditors in 2022 represents an interest free loan due back to a company director and shareholder.