Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity11truetrue 07128471 2023-04-01 2024-03-31 07128471 2022-04-01 2023-03-31 07128471 2024-03-31 07128471 2023-03-31 07128471 c:Director1 2023-04-01 2024-03-31 07128471 c:RegisteredOffice 2023-04-01 2024-03-31 07128471 d:OfficeEquipment 2023-04-01 2024-03-31 07128471 d:OfficeEquipment 2024-03-31 07128471 d:OfficeEquipment 2023-03-31 07128471 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07128471 d:LeaseholdInvestmentProperty 2024-03-31 07128471 d:LeaseholdInvestmentProperty 2023-03-31 07128471 d:CurrentFinancialInstruments 2024-03-31 07128471 d:CurrentFinancialInstruments 2023-03-31 07128471 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07128471 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07128471 d:ShareCapital 2024-03-31 07128471 d:ShareCapital 2023-03-31 07128471 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07128471 d:RetainedEarningsAccumulatedLosses 2024-03-31 07128471 d:RetainedEarningsAccumulatedLosses 2023-03-31 07128471 c:FRS102 2023-04-01 2024-03-31 07128471 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07128471 c:FullAccounts 2023-04-01 2024-03-31 07128471 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07128471 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 07128471







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


PHILOSOPHICAL PRODUCTIONS LIMITED






































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PHILOSOPHICAL PRODUCTIONS LIMITED
 


 
COMPANY INFORMATION


Director
P H Dennis 




Registered number
07128471



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


PHILOSOPHICAL PRODUCTIONS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


PHILOSOPHICAL PRODUCTIONS LIMITED
REGISTERED NUMBER:07128471



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
845
1,267

Investments
 5 
857,056
774,586

Investment property
  
1,449,564
1,449,564

  
2,307,465
2,225,417

Current assets
  

Debtors: amounts falling due within one year
 7 
28,292
91,523

Cash at bank and in hand
  
770,145
545,525

  
798,437
637,048

Creditors: amounts falling due within one year
 8 
(145,225)
(171,621)

Net current assets
  
 
 
653,212
 
 
465,427

Total assets less current liabilities
  
2,960,677
2,690,844

Provisions for liabilities
  

Deferred tax
  
-
(17,207)

  
 
 
-
 
 
(17,207)

Net assets
  
2,960,677
2,673,637

Page 1

 


PHILOSOPHICAL PRODUCTIONS LIMITED
REGISTERED NUMBER:07128471


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
 9 
2,960,577
2,673,537

  
2,960,677
2,673,637


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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



P H Dennis
Director

Date: 21 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


PHILOSOPHICAL PRODUCTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Philosophical Productions Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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

Turnover comprises revenue recognised by the company in respect of services supplied during the year,
exclusive of Value Added Tax and trade discounts.

 
2.3

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.

Page 3

 


PHILOSOPHICAL PRODUCTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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:

Equipment
-
20% straight line

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.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).

Page 4

 


PHILOSOPHICAL PRODUCTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
4,237



At 31 March 2024

4,237



Depreciation


At 1 April 2023
2,970


Charge for the year
422



At 31 March 2024

3,392



Net book value



At 31 March 2024
845



At 31 March 2023
1,267


5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
774,586


Additions
794,026


Disposals
(774,586)


Revaluations
63,030



At 31 March 2024
857,056




Page 5

 


PHILOSOPHICAL PRODUCTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Investment property

£



Valuation


At 1 April 2023
1,449,564



At 31 March 2024
1,449,564

The 2024 valuation was made by the director, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Other debtors
10,306
-

Prepayments and accrued income
15,313
91,523

Deferred taxation
2,673
-

28,292
91,523



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
97,922
107,162

Other taxation and social security
17,968
38,858

Other creditors
21,230
7,406

Accruals and deferred income
8,105
18,195

145,225
171,621



9.


Reserves

Profit and loss account

Included within the Profit and Loss Account is an undistributable amount of £9,967 (2023:- £64,189) relating to the fair value movement of investments in the year after taking into account taxation.

Page 6

 


PHILOSOPHICAL PRODUCTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Transactions with the director

At 31 March 2024, included within other creditors is an amount of £18,656 (2023: £7,406) owed to the director, P H Dennis. During the year the director received advances of £11,250 (2023: £220,000) from the company and made repayments of £Nil (2023: £222,665). Interest of £Nil (2023 - £Nil) was charged on this loan.

 
Page 7