Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-311Sound recording & music publishing and supporting activities to performing arts.falsetrue2023-01-011falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07307377 2023-01-01 2023-12-31 07307377 2022-01-01 2022-12-31 07307377 2023-12-31 07307377 2022-12-31 07307377 c:Director1 2023-01-01 2023-12-31 07307377 d:CurrentFinancialInstruments 2023-12-31 07307377 d:CurrentFinancialInstruments 2022-12-31 07307377 d:Non-currentFinancialInstruments 2023-12-31 07307377 d:Non-currentFinancialInstruments 2022-12-31 07307377 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07307377 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07307377 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07307377 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07307377 d:ShareCapital 2023-12-31 07307377 d:ShareCapital 2022-12-31 07307377 d:RetainedEarningsAccumulatedLosses 2023-12-31 07307377 d:RetainedEarningsAccumulatedLosses 2022-12-31 07307377 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07307377 c:OrdinaryShareClass1 2023-12-31 07307377 c:FRS102 2023-01-01 2023-12-31 07307377 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07307377 c:FullAccounts 2023-01-01 2023-12-31 07307377 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

       Registered number: 07307377













NEMO ENTERTAINMENT LIMITED
UNAUDITED
 FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NEMO ENTERTAINMENT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
NEMO ENTERTAINMENT LIMITED
REGISTERED NUMBER:07307377

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Work in progress
 4 
18,900
21,600

Debtors: amounts falling due within one year
 5 
6,956
780

Cash at bank and in hand
  
4,320
9,073

  
30,176
31,453

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(27,510)
(21,707)

Net current assets
  
 
 
2,666
 
 
9,746

Total assets less current liabilities
  
2,666
9,746

Creditors: amounts falling due after more than one year
 7 
(58,393)
(53,395)

  

Net liabilities
  
(55,727)
(43,649)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(55,728)
(43,650)

  
(55,727)
(43,649)

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 on 25 September 2024.


S Hennessy
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

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

1.


General information

Nemo Entertainment Limited is a private limited liability company registered in England and Wales.Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
The principal activity of the company during the year was that of the production of content for broadcast media.

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

Going concern

The company at the reporting date has net liabilities. The director, who is also the controlling party, has confirmed that he has the ability and will financially support the company so that it will be able to meet its financial obligations as and when they fall due. Therefore the accounts have been prepared under the going concern basis.

 
2.3

Turnover

Turnover represents amounts receivable in respect of the sales of broadcast media content, exclusive of value added tax. Revenue is recognised when the media content is delivered.

 
2.4

Work in progress

Work in progress comprises of costs incurred on development projects and productions in progress at the year end, less production advances.

 
2.5

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowing, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 2

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

2.Accounting policies (continued)

 
2.6

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.

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.7

Taxation

Tax is recognised in the profit and loss account, 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

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

Page 3

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

4.


Work in progress

2023
2022
£
£

Development costs
18,900
21,600



5.


Debtors

2023
2022
£
£


Prepayments and accrued income
6,956
780

6,956
780



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,142
19

Other creditors
18,205
12,015

Accruals and deferred income
4,163
9,673

27,510
21,707



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
58,393
53,395



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1  Ordinary share of £1
1
1


Page 4