Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2The principal activities of the Company are packaging and marketing of televised sporting events on a worldwide basis and theatrical and other entertainment production and investment.2023-04-01falsetruetruefalse 02476857 2023-04-01 2024-03-31 02476857 2022-04-01 2023-03-31 02476857 2024-03-31 02476857 2023-03-31 02476857 c:Director1 2023-04-01 2024-03-31 02476857 d:CurrentFinancialInstruments 2024-03-31 02476857 d:CurrentFinancialInstruments 2023-03-31 02476857 d:Non-currentFinancialInstruments 2024-03-31 02476857 d:Non-currentFinancialInstruments 2023-03-31 02476857 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02476857 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02476857 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02476857 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02476857 d:ShareCapital 2024-03-31 02476857 d:ShareCapital 2023-03-31 02476857 d:RetainedEarningsAccumulatedLosses 2024-03-31 02476857 d:RetainedEarningsAccumulatedLosses 2023-03-31 02476857 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02476857 c:OrdinaryShareClass1 2024-03-31 02476857 c:OrdinaryShareClass1 2023-03-31 02476857 c:FRS102 2023-04-01 2024-03-31 02476857 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02476857 c:FullAccounts 2023-04-01 2024-03-31 02476857 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02476857 6 2023-04-01 2024-03-31 02476857 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02476857














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

 
MICHAEL WATT PRODUCTIONS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 4

 
MICHAEL WATT PRODUCTIONS LIMITED
REGISTERED NUMBER:02476857

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
546,663
643,987

Current asset investments
 5 
132,813
44,179

Cash at bank and in hand
  
66,641
143,348

  
746,117
831,514

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(37,573)
(12,255)

Net current assets
  
708,544
819,259

Creditors: amounts falling due after more than one year
 7 
(68,276)
(233,413)

  

Net assets
  
640,268
585,846


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
640,266
585,844

  
640,268
585,846


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 4 November 2024.




M Bucks
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

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

1.


General information

Michael Watt Productions Limited is a private company, limited by shares, incorporated in England and Wales, with its principal place of business and registered office address at 1st Floor, 47a Frith Street, London, W1D 4HT.
The principal activities of the Company are packaging and marketing of televised sporting events on a worldwide basis and theatrical and other entertainment production and investment.

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

Valuation of investments

Current asset unlisted investments are stated at the lower of cost and net realisable value.

 
2.3

Debtors

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

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.5

Financial instruments

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

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2

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

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
498,970
510,237

Prepayments and accrued income
47,693
133,750

546,663
643,987



5.


Current asset investments

2024
2023
£
£

Unlisted investments
132,813
44,179



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
25,318
-

Accruals and deferred income
12,255
12,255

37,573
12,255


Page 3

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

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
68,276
233,413



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1 each
2
2



9.


Capital commitments


At 31 March 2024 the Company had capital commitments as follows:

2024
2023
£
£


Contracted for but not provided in these financial statements - unlisted investments due within 1 year.
104,450
-

Page 4