Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3192023-01-01false9truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04161836 2023-01-01 2023-12-31 04161836 2022-01-01 2022-12-31 04161836 2023-12-31 04161836 2022-12-31 04161836 c:Director1 2023-01-01 2023-12-31 04161836 d:FurnitureFittings 2023-01-01 2023-12-31 04161836 d:FurnitureFittings 2023-12-31 04161836 d:FurnitureFittings 2022-12-31 04161836 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04161836 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 04161836 d:OtherPropertyPlantEquipment 2023-12-31 04161836 d:OtherPropertyPlantEquipment 2022-12-31 04161836 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04161836 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04161836 d:CurrentFinancialInstruments 2023-12-31 04161836 d:CurrentFinancialInstruments 2022-12-31 04161836 d:Non-currentFinancialInstruments 2023-12-31 04161836 d:Non-currentFinancialInstruments 2022-12-31 04161836 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04161836 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04161836 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04161836 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04161836 d:ShareCapital 2023-12-31 04161836 d:ShareCapital 2022-12-31 04161836 d:RetainedEarningsAccumulatedLosses 2023-12-31 04161836 d:RetainedEarningsAccumulatedLosses 2022-12-31 04161836 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04161836 c:OrdinaryShareClass1 2023-12-31 04161836 c:OrdinaryShareClass1 2022-12-31 04161836 c:FRS102 2023-01-01 2023-12-31 04161836 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04161836 c:FullAccounts 2023-01-01 2023-12-31 04161836 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04161836 2 2023-01-01 2023-12-31 04161836 6 2023-01-01 2023-12-31 04161836 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04161836 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04161836 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 04161836 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 04161836 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04161836














WILDLIFE ENTERTAINMENT LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WILDLIFE ENTERTAINMENT LIMITED
REGISTERED NUMBER:04161836

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,114
10,191

Investments
 5 
164,160
164,160

  
175,274
174,351

Current assets
  

Debtors: amounts falling due within one year
 6 
4,346,711
3,147,845

Current asset investments
 7 
3,166,624
1,972,580

Cash at bank
 8 
15,073,783
7,126,512

  
22,587,118
12,246,937

Creditors: amounts falling due within one year
 9 
(4,510,486)
(1,343,003)

Net current assets
  
 
 
18,076,632
 
 
10,903,934

Total assets less current liabilities
  
18,251,906
11,078,285

Creditors: amounts falling due after more than one year
 10 
(20,254)
(19,640)

Provisions for liabilities
  

Deferred tax
 11 
(764)
(547)

  
 
 
(764)
 
 
(547)

Net assets
  
18,230,888
11,058,098


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
18,230,788
11,057,998

  
18,230,888
11,058,098


Page 1

 
WILDLIFE ENTERTAINMENT LIMITED
REGISTERED NUMBER:04161836
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 income statement 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: 




I McAndrew
Director

Date: 27 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
WILDLIFE ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Wildlife Entertainment Limited is a private company, limited by shares, registered in England and Wales, registration number 04161836. The registered address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. The principal place of business is Unit F, 21 Heathmans Road, London, SW6 4TJ.
The principal activity of the company continued to be that of music management.

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.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound 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 year 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 that relate to borrowings and cash are presented in the income statement within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover from the music management is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.
 
 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
WILDLIFE ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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. 

 
2.7

Borrowing costs

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

 
2.8

Pensions

Defined contribution pension plan

The company operates 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 profit or loss 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.

 
2.9

 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 corporation 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.10

 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.

Page 4

 
WILDLIFE ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.10
 Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance
Leasehold improvements
-
over the period of the lease

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.

 
2.11

 Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the income statement for the year. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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.

 
2.12

 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.

 
2.13

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.14

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, loans from other third parties, investments in shares and loans with related parties. 

 
2.16

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
WILDLIFE ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 9).


4.


Tangible fixed assets





Fixtures, fittings and Equipment
Other fixed assets
Total

£
£
£



Cost 


At 1 January 2023
124,296
78,937
203,233


Additions
4,628
-
4,628



At 31 December 2023

128,924
78,937
207,861



Depreciation


At 1 January 2023
114,105
78,937
193,042


Charge for the year
3,705
-
3,705



At 31 December 2023

117,810
78,937
196,747



Net book value



At 31 December 2023
11,114
-
11,114



At 31 December 2022
10,191
-
10,191


5.


Fixed asset investments





Other fixed asset investments

£



Cost 


At 1 January 2023
164,160



At 31 December 2023
164,160




Page 6

 
WILDLIFE ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,432,947
57,662

Amounts owed by connected companies
228,639
234,101

Other debtors
2,527,118
2,575,686

Prepayments and accrued income
158,007
152,160

Tax recoverable
-
128,236

4,346,711
3,147,845



7.


Current asset investments

2023
2022
£
£

Listed investments
3,166,624
1,972,580



8.


Cash

2023
2022
£
£

Bank and cash balances
15,073,783
7,126,512



9.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
42,153
24,478

Corporation tax
1,761,109
538,921

Other taxation and social security
1,462,323
504,918

Other creditors
7,733
7,074

Accruals
1,237,168
267,612

4,510,486
1,343,003


Page 7

 
WILDLIFE ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Other loans
20,254
19,640


Ingenious Resources Limited holds charge over the right title and interest in Big Screen Productions 20 LLP for the amounts due from the company to the chargee. 

11.


Deferred taxation




2023


£






At beginning of year
547


Charged to profit or loss
216



At end of year
763

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
1,402
868

Disallowable provisions - artist management
(639)
(321)

763
547


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


13.


Transactions with the directors

As at the year end, the company was owed £328 from the directors (2022 - the company owed to the directors £4,531). The loan is interest free, unsecured and repayable on demand.

14.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £119,311 (2022 - £3,848). Contributions totalling £2,559 (2022 - £1,284) were payable to the fund at the reporting date and are included in creditors.

Page 8

 
WILDLIFE ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

15.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases of £34,584 (2022 - £34,679).



16.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of NVE Inspections Limited.

 
Page 9