Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseThe principal activity of the Company continued to be that of film and television production.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04035497 2023-04-01 2024-03-31 04035497 2022-04-01 2023-03-31 04035497 2024-03-31 04035497 2023-03-31 04035497 2022-04-01 04035497 c:Director1 2023-04-01 2024-03-31 04035497 d:PlantMachinery 2023-04-01 2024-03-31 04035497 d:PlantMachinery 2024-03-31 04035497 d:PlantMachinery 2023-03-31 04035497 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04035497 d:FurnitureFittings 2023-04-01 2024-03-31 04035497 d:CurrentFinancialInstruments 2024-03-31 04035497 d:CurrentFinancialInstruments 2023-03-31 04035497 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04035497 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04035497 d:ShareCapital 2024-03-31 04035497 d:ShareCapital 2023-03-31 04035497 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04035497 d:RetainedEarningsAccumulatedLosses 2024-03-31 04035497 d:RetainedEarningsAccumulatedLosses 2023-03-31 04035497 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04035497 c:OrdinaryShareClass1 2024-03-31 04035497 c:FRS102 2023-04-01 2024-03-31 04035497 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04035497 c:FullAccounts 2023-04-01 2024-03-31 04035497 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04035497 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04035497 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04035497 d:OtherDeferredTax 2024-03-31 04035497 d:OtherDeferredTax 2023-03-31 04035497 2 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04035497














ZIJI PRODUCTIONS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
ZIJI PRODUCTIONS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
ZIJI PRODUCTIONS LIMITED
REGISTERED NUMBER:04035497

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
667
1,333

Current assets
  

Debtors: amounts falling due within one year
 5 
9,016,257
194,731

Current asset investments
 6 
1,964,802
1,714,610

Cash at bank and in hand
  
8,031,181
14,606,616

  
19,012,240
16,515,957

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(3,218,015)
(2,821,129)

Net current assets
  
 
 
15,794,225
 
 
13,694,828

Total assets less current liabilities
  
15,794,892
13,696,161

Provisions for liabilities
  

Deferred tax
 8 
(164,962)
(104,716)

Net assets
  
15,629,930
13,591,445


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
15,629,830
13,591,345

  
15,629,930
13,591,445


Page 1

 
ZIJI PRODUCTIONS LIMITED
REGISTERED NUMBER:04035497
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 year 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 18 October 2024.




F G Roddam
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ZIJI PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company's legal form is that of a private company, limited by shares, registered in England and Wales. The Company's registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.  
The principal activity of the Company continued to be that of film and television production.

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

Revenue

Turnover comprises revenue recognised by the Company in respect of film and television services supplied during the year, exclusive of Value Added Tax.
Royalties receivable are accounted for on a royalty earnings basis as part of turnover. Non-returnable, recoupable advances are accounted for on completion of delivery requirements.
Development turnover is recognised when the actual development costs are incurred.

 
2.3

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
Straight line over 3 years
Fixtures & fittings
-
Straight line over 4 years

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 profit or loss.

 
2.4

Debtors

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

Page 3

 
ZIJI PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

 
2.7

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.

 
2.8

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
ZIJI PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.


3.


Employees

The directors were the only employees of the Company during the current and preceding period.

Page 5

 
ZIJI PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 April 2023
73,463



At 31 March 2024

73,463



Depreciation


At 1 April 2023
72,130


Charge for the year on owned assets
666



At 31 March 2024

72,796



Net book value



At 31 March 2024
667



At 31 March 2023
1,333


5.


Debtors

2024
2023
£
£


Trade debtors
98,494
74,436

Other debtors
8,909,049
44,808

Prepayments and accrued income
8,714
75,487

9,016,257
194,731



6.


Current asset investments

2024
2023
£
£

Listed investments
1,964,802
1,714,610


Page 6

 
ZIJI PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,099
39

Taxation and social security
1,175,767
1,047,077

Other creditors
2,019,004
1,753,465

Accruals and deferred income
21,145
20,548

3,218,015
2,821,129



8.


Deferred taxation




2024
2023


£

£






At beginning of year
104,716
110,527


Charged/(released) to profit or loss
60,246
(5,811)



At end of year
164,962
104,716

The provision for deferred taxation is made up as follows:

2024
2023
£
£


(Decelerated)/accelerated capital allowances
(90)
16

Fair value movements
165,052
104,700

164,962
104,716


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



10.


Reserves

Profit & loss account

Profit and loss reserves include non-distributable fair value adjustments amounting to £495,155 (2023 - £314,101).

Page 7

 
ZIJI PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Related party transactions

At the balance sheet date the company owed £1,811,345 (2023 - £1,694,720) in respect of an interest free loan from Ziji Publishing Limited, a company under common control.

At the balance sheet date the company was owed £8,633,808 (2023 - £33,808) in respect of an interest free loan to Ziji Properties Limited, a company under common control.

 
Page 8