Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30No description of principal activitytruefalse2022-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11truefalse SC702069 2022-10-01 2023-09-30 SC702069 2021-06-18 2022-09-30 SC702069 2023-09-30 SC702069 2022-09-30 SC702069 c:Director1 2022-10-01 2023-09-30 SC702069 d:CurrentFinancialInstruments 2023-09-30 SC702069 d:CurrentFinancialInstruments 2022-09-30 SC702069 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC702069 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 SC702069 d:ShareCapital 2023-09-30 SC702069 d:ShareCapital 2022-09-30 SC702069 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC702069 d:RetainedEarningsAccumulatedLosses 2022-09-30 SC702069 c:FRS102 2022-10-01 2023-09-30 SC702069 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 SC702069 c:FullAccounts 2022-10-01 2023-09-30 SC702069 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC702069 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: SC702069









TRONGATE PRODUCTIONS (NO. 3) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
TRONGATE PRODUCTIONS (NO. 3) LIMITED
REGISTERED NUMBER: SC702069

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
-
127,392

Debtors: amounts falling due within one year
 4 
66,805
53,792

Cash at bank and in hand
 5 
17,031
40,585

  
83,836
221,769

Creditors: amounts falling due within one year
 6 
(43,971)
(221,768)

Net current assets
  
 
 
39,865
 
 
1

Total assets less current liabilities
  
39,865
1

  

Net assets
  
39,865
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
39,864
-

  
39,865
1


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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
TRONGATE PRODUCTIONS (NO. 3) LIMITED
REGISTERED NUMBER: SC702069
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2024.




A Clements
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
TRONGATE PRODUCTIONS (NO. 3) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Trongate Productions (No. 3) Limited is a private company limited by shares and registered in Scotland. The address of its registered office/principal place of business is James Miller Building, 4th Floor, 98 West George Street, Glasgow, Scotland, G2 1PJ.

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

Revenue

Revenue comprises production income received.
 
Production income is recognised in the Statement of Income and Retained Earnings in the period it is contractually due and expended on production and other costs.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.
The Company is eligible to claim a tax credit on film production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.5

Stocks

Stocks comprise film production costs, which are recorded as a current asset net of the relevant tax credit.  Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.6

Debtors

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

 
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.

Page 3

 
TRONGATE PRODUCTIONS (NO. 3) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

Creditors

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

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Other debtors
55,264
53,792

Tax recoverable
11,541
-

66,805
53,792



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,031
40,585

17,031
40,585



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,000
-

Accruals and deferred income
37,971
221,768

43,971
221,768


Page 4

 
TRONGATE PRODUCTIONS (NO. 3) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Related party transactions

At the reporting date, £22,571 (2022: £22,571) was due from Two Rivers Media Ltd, a company in which A Clements is a director and shareholder. The loan is repayable on demand and not interest bearing.

 
Page 5