Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-01-01falseTelevision programme production activities11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI660919 2023-01-01 2023-12-31 NI660919 2022-01-01 2022-12-31 NI660919 2023-12-31 NI660919 2022-12-31 NI660919 c:Director1 2023-01-01 2023-12-31 NI660919 c:RegisteredOffice 2023-01-01 2023-12-31 NI660919 c:Agent1 2023-01-01 2023-12-31 NI660919 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 NI660919 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 NI660919 d:CurrentFinancialInstruments 2023-12-31 NI660919 d:CurrentFinancialInstruments 2022-12-31 NI660919 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI660919 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI660919 d:ShareCapital 2023-12-31 NI660919 d:ShareCapital 2022-12-31 NI660919 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI660919 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI660919 c:OrdinaryShareClass1 2023-01-01 2023-12-31 NI660919 c:OrdinaryShareClass1 2023-12-31 NI660919 c:OrdinaryShareClass1 2022-12-31 NI660919 c:FRS102 2023-01-01 2023-12-31 NI660919 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI660919 c:FullAccounts 2023-01-01 2023-12-31 NI660919 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI660919 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
Sixteen South Originals Limited
For the year ended 31 December 2023



































Registered number: NI660919

 
Sixteen South Originals Limited
 

Company Information


Director
Colin Robert Williams 




Registered number
NI660919



Registered office
9 Church View

Holywood

Down

BT18 9DP




Accountants
Grant Thornton (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
Bank of Ireland
1 Donegall Square South

Belfast

BT1 5LR





 
Sixteen South Originals Limited
 

Contents



Page
Accountant's report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8


  
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Independent Accountant's Report to the director of the unaudited financial statements of Sixteen South Originals Limited for the year ended 31 December 2023

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Sixteen South Originals Limited for the year ended 31 December 2023, which comprise the Statement of Comprehensive income, the Balance sheet and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Sixteen South Originals Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Sixteen South Originals Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sixteen South Originals Limited and its directors, as a body, for our work or for this report.


We have carried out this engagement in accordance with the technical guidance issued by Chartered Accountants Ireland ("the Institute") and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 31 December 2023 and you have acknowledged on the Balance sheet as at 31 December 2023 your duty to ensure that Sixteen South Originals Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Sixteen South Originals Limited is exempt from the statutory audit requirement for the year ended 31 December 2023.

We have not been instructed to carry out an audit or review the financial statements of Sixteen South Originals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   24 September 2024
Page 1

 
Sixteen South Originals Limited
Registered number:NI660919

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
1,776
1,776

  
1,776
1,776

Current assets
  

Debtors: amounts falling due within one year
 6 
1,217,230
1,499,508

Cash at bank and in hand
 7 
100,426
117,611

  
1,317,656
1,617,119

Creditors: amounts falling due within one year
 8 
(314,123)
(701,984)

Net current assets
  
 
 
1,003,533
 
 
915,135

Total assets less current liabilities
  
1,005,309
916,911

  

Net assets
  
1,005,309
916,911


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
 10 
1,005,308
916,910

  
1,005,309
916,911


Page 2

 
Sixteen South Originals Limited
Registered number:NI660919

Balance sheet (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 on 24 September 2024.




Colin Robert Williams
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Sixteen South Originals Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Sixteen South Originals Limited is a private limited company incorporated in Northern Ireland. The registered office is 9 Church View, Hollywood, Down, BT18 9DP.
The principal activity of the company is that of television production and distribution activities. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The financial statements are presented in Sterling (£)

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business. 

 
2.3

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.

Page 4

 
Sixteen South Originals Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.4

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
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
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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


 
2.6

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.

Page 5

 
Sixteen South Originals Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
Recoverability of debtors
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the ageing profile of debtors are considered.


4.


Employees

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

Page 6

 
Sixteen South Originals Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

5.


Intangible assets




Intellectual property

£



Cost


At 1 January 2023
1,776



At 31 December 2023

1,776






Net book value



At 31 December 2023
1,776



At 31 December 2022
1,776




6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,157,584
1,432,272

Other debtors
24,645
26,235

Called up share capital not paid
1
1

Prepayments and accrued income
35,000
41,000

1,217,230
1,499,508



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
100,426
117,611

100,426
117,611


Page 7

 
Sixteen South Originals Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,108
152,570

Other creditors
1,776
1,776

Accruals and deferred income
303,239
547,638

314,123
701,984



9.


Share capital

2023
2022
£
£
Allotted, called up and partly paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Reserves

Profit and loss account
Includes all current and prior period retained profits and losses.


11.


Related party transactions

The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.


12.


Controlling party

The immediate parent company is Sixteen South Group Limited, a Company incorporated in Northern Ireland.
The ultimate controlling party is Colin Williams due to his shareholding in Sixteen South Group Limited.


Page 8