Caseware UK (AP4) 2023.0.135 2023.0.135 2true0falseTelevision programme production activities2023-03-08falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI695207 2023-03-07 NI695207 2023-03-08 2024-03-31 NI695207 2022-03-08 2023-03-07 NI695207 2024-03-31 NI695207 c:Director1 2023-03-08 2024-03-31 NI695207 c:Director1 2024-03-31 NI695207 c:Director2 2023-03-08 2024-03-31 NI695207 c:Director2 2024-03-31 NI695207 c:RegisteredOffice 2023-03-08 2024-03-31 NI695207 c:Agent1 2023-03-08 2024-03-31 NI695207 d:CurrentFinancialInstruments 2024-03-31 NI695207 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 NI695207 d:ShareCapital 2023-03-08 2024-03-31 NI695207 d:ShareCapital 2024-03-31 NI695207 c:OrdinaryShareClass1 2023-03-08 2024-03-31 NI695207 c:OrdinaryShareClass1 2024-03-31 NI695207 c:FRS102 2023-03-08 2024-03-31 NI695207 c:AuditExemptWithAccountantsReport 2023-03-08 2024-03-31 NI695207 c:FullAccounts 2023-03-08 2024-03-31 NI695207 c:PrivateLimitedCompanyLtd 2023-03-08 2024-03-31 NI695207 e:PoundSterling 2023-03-08 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
ODO Productions 2 Limited
For the period ended 31 March 2024





































Registered number: NI695207

 
ODO Productions 2 Limited
 

Company Information


Directors
Jakub Karwowski (appointed 8 March 2023)
Colin Williams (appointed 8 March 2023)




Registered number
NI695207



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
Coutts
440 Strand

London

WC2R 0QS





 
ODO Productions 2 Limited
 

Contents



Page
Accountant's report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 7


  
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Independent Accountant's Report to the directors of the unaudited financial statements of ODO Productions 2 Limited for the period ended 31 March 2024

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of ODO Productions 2 Limited for the period ended 31 March 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity 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 ODO Productions 2 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 ODO Productions 2 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 ODO Productions 2 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 period ended 31 March 2024 and you have acknowledged on the Balance sheet as at 31 March 2024 your duty to ensure that ODO Productions 2 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 ODO Productions 2 Limited is exempt from the statutory audit requirement for the period ended 31 March 2024.

We have not been instructed to carry out an audit or review the financial statements of ODO Productions 2 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:   16 October 2024
Page 1

 
ODO Productions 2 Limited
Registered number:NI695207

Balance sheet
As at 31 March 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,050,374

Cash at bank and in hand
 5 
488,983

  
2,539,357

Creditors: amounts falling due within one year
 6 
(2,539,356)

Net current assets
  
 
 
1

Total assets less current liabilities
  
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
 7 
1

  
1


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 16 October 2024.




Colin Williams
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
ODO Productions 2 Limited
 

Statement of changes in equity
For the period ended 31 March 2024


Called up share capital
Total equity

£
£

Shares issued during the period
1
1


At 31 March 2024
1
1

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
ODO Productions 2 Limited
 
 
Notes to the financial statements
For the period ended 31 March 2024

1.


General information

ODO Productions 2 Limited is a private limited company limited by shares and incorporated in Northern Ireland. The company's registered office is at 9 Church View, Holywood, Down, Northern Ireland, BT18 9DP.
The principal activity of the company is 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 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 judgment in applying the Company's accounting policies.

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have 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

 
ODO Productions 2 Limited
 

Notes to the financial statements
For the period ended 31 March 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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.

 
2.7

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

 
ODO Productions 2 Limited
 

Notes to the financial statements
For the period ended 31 March 2024

2.Accounting policies (continued)

 
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. 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.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024
£


Other debtors
10,710

Prepayments and accrued income
1,798,897

Tax recoverable
240,767

2,050,374



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
488,983

Less: bank overdrafts
(240)

488,743


Page 6

 
ODO Productions 2 Limited
 
 
Notes to the financial statements
For the period ended 31 March 2024

6.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
240

Other loans
548,745

Trade creditors
428,879

Amounts owed to group undertakings
790,749

Accruals and deferred income
770,743

2,539,356



7.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1

On 8 March 2023 the company issued 1 Ordinary share with a nominal value of £1.00.




8.


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.


9.


Controlling party

The immediate parent undertaking is Sixteen South Studios Limited. The ultimate controlling party is deemed to be Sixteen South Group Limited by virtue of control. 


Page 7