Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueTelevision programme production activities2023-07-28false3true 15035573 2023-07-27 15035573 2023-07-28 2023-12-31 15035573 2022-01-01 2023-07-27 15035573 2023-12-31 15035573 c:Director3 2023-07-28 2023-12-31 15035573 d:ComputerEquipment 2023-07-28 2023-12-31 15035573 d:ComputerEquipment 2023-12-31 15035573 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-28 2023-12-31 15035573 d:CurrentFinancialInstruments 2023-12-31 15035573 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 15035573 d:ShareCapital 2023-12-31 15035573 d:SharePremium 2023-12-31 15035573 d:RetainedEarningsAccumulatedLosses 2023-12-31 15035573 c:OrdinaryShareClass1 2023-07-28 2023-12-31 15035573 c:OrdinaryShareClass1 2023-12-31 15035573 c:FRS102 2023-07-28 2023-12-31 15035573 c:AuditExempt-NoAccountantsReport 2023-07-28 2023-12-31 15035573 c:FullAccounts 2023-07-28 2023-12-31 15035573 c:PrivateLimitedCompanyLtd 2023-07-28 2023-12-31 15035573 e:PoundSterling 2023-07-28 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 15035573














STRONGWATCH STUDIOS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

 
STRONGWATCH STUDIOS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5

 
STRONGWATCH STUDIOS LIMITED
REGISTERED NUMBER:15035573

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
1,391

Current assets
  

Debtors: amounts falling due within one year
 5 
3,111

Cash at bank and in hand
  
383,646

  
386,757

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(21,793)

Net current assets
  
 
 
364,964

Net assets
  
366,355


Capital and reserves
  

Called up share capital 
 7 
2

Share premium account
  
499,999

Profit and loss account
  
(133,646)

  
366,355


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 23 September 2024.




T E Gulseven
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
STRONGWATCH STUDIOS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Strongwatch Studios Limited is a private limited liability company incorporated in England and Wales with its registered office in and business office address at 7 Savoy Court, London, WC2R 0EX.

The Company was incorporated on 28 July 2023 and commenced trading on 5 September 2023.

The principal activity of the Company is that of television programme production 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company's forecast and projections, taking account of reasonably possible changes in trading performance and the continued financial support from a shareholder, show that the Company should be able to continue to meet its operating liabilities as they fall due. Therefore the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of their approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

 
2.3

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.

Page 2

 
STRONGWATCH STUDIOS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Pensions

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Computer equipment
-
33%
per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.7

Debtors

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

 
2.8

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.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
STRONGWATCH STUDIOS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Tangible fixed assets





Computer equipment

£



Cost


Additions
1,421



At 31 December 2023

1,421



Depreciation


Charge for the period on owned assets
30



At 31 December 2023

30



Net book value



At 31 December 2023
1,391


5.


Debtors

2023
£


Other debtors
2,064

Prepayments and accrued income
1,047

3,111


Page 4

 
STRONGWATCH STUDIOS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
10,222

Taxation and social security
9,784

Other creditors
587

Accruals and deferred income
1,200

21,793



7.


Share capital

2023
£
Allotted, called up and fully paid


200 Ordinary shares of £0.01 each
2

On incorporation, 100 Ordinary shares of £0.01 were allotted and fully paid at par to provide initial working capital.


On 5 September 2023, the Company issued a further 100 Ordinary shares of £0.01 each at a premium of £4,999.99 which has been credited to share premium account.

Page 5