Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false12022-12-01No description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09851901 2022-12-01 2023-11-30 09851901 2021-12-01 2022-11-30 09851901 2023-11-30 09851901 2022-11-30 09851901 c:Director1 2022-12-01 2023-11-30 09851901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-30 09851901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-30 09851901 d:CurrentFinancialInstruments 2023-11-30 09851901 d:CurrentFinancialInstruments 2022-11-30 09851901 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09851901 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09851901 d:ShareCapital 2023-11-30 09851901 d:ShareCapital 2022-11-30 09851901 d:RetainedEarningsAccumulatedLosses 2023-11-30 09851901 d:RetainedEarningsAccumulatedLosses 2022-11-30 09851901 c:FRS102 2022-12-01 2023-11-30 09851901 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09851901 c:FullAccounts 2022-12-01 2023-11-30 09851901 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09851901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-12-01 2023-11-30 09851901 2 2022-12-01 2023-11-30 09851901 6 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 09851901









DEAR GAIA FILMS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
DEAR GAIA FILMS LIMITED
REGISTERED NUMBER: 09851901

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,018,728
885,821

Investments
 5 
2
2

  
1,018,730
885,823

Current assets
  

Debtors: amounts falling due within one year
 6 
80,134
355,619

Cash at bank and in hand
 7 
295,062
90,628

  
375,196
446,247

Creditors: amounts falling due within one year
 8 
(1,466,455)
(1,329,016)

Net current liabilities
  
 
 
(1,091,259)
 
 
(882,769)

Total assets less current liabilities
  
(72,529)
3,054

  

Net (liabilities)/assets
  
(72,529)
3,054


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(72,629)
2,954

  
(72,529)
3,054


Page 1

 
DEAR GAIA FILMS LIMITED
REGISTERED NUMBER: 09851901
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

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: 




................................................
J Desmarais
Director

Date: 21 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DEAR GAIA FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Dear Gaia Films Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The company registration number is 09851901.

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

Going concern

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
DEAR GAIA FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Interest income

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

 
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.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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 year was 1 (2022 - 1).

Page 4

 
DEAR GAIA FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Development expenditure

£



Cost


At 1 December 2022
885,821


Additions
132,907



At 30 November 2023

1,018,728






Net book value



At 30 November 2023
1,018,728



At 30 November 2022
885,821




5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
2



At 30 November 2023
2





6.


Debtors

2023
2022
£
£


Trade debtors
-
268,640

Amounts owed by group undertakings
80,134
86,979

80,134
355,619


Page 5

 
DEAR GAIA FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
295,062
90,628

295,062
90,628



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
23,913

Other creditors
1,464,271
1,302,919

Accruals and deferred income
2,184
2,184

1,466,455
1,329,016



9.


Related party transactions

Included in debtors, there is an amount of £80,134 (2022: £86,979) due from DGF US Ltd, a subsidiary company. There are no terms of interest or repayments. 

 
Page 6