Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-01-01falseNo description of principal activity04truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13621444 2023-01-01 2024-03-31 13621444 2022-06-01 2022-12-31 13621444 2024-03-31 13621444 2022-12-31 13621444 c:Director1 2023-01-01 2024-03-31 13621444 d:CurrentFinancialInstruments 2024-03-31 13621444 d:CurrentFinancialInstruments 2022-12-31 13621444 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13621444 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13621444 d:ShareCapital 2024-03-31 13621444 d:ShareCapital 2022-12-31 13621444 d:RetainedEarningsAccumulatedLosses 2024-03-31 13621444 d:RetainedEarningsAccumulatedLosses 2022-12-31 13621444 c:OrdinaryShareClass1 2023-01-01 2024-03-31 13621444 c:OrdinaryShareClass1 2024-03-31 13621444 c:OrdinaryShareClass1 2022-12-31 13621444 c:FRS102 2023-01-01 2024-03-31 13621444 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 13621444 c:FullAccounts 2023-01-01 2024-03-31 13621444 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 13621444 2 2023-01-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13621444









STONEHOUSE PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
STONEHOUSE PRODUCTIONS LIMITED
REGISTERED NUMBER: 13621444

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
60,168

Cash at bank and in hand
 5 
15,136
220,082

  
15,136
280,250

Creditors: amounts falling due within one year
 6 
(532,035)
(797,987)

Net current liabilities
  
 
 
(516,899)
 
 
(517,737)

Total assets less current liabilities
  
(516,899)
(517,737)

  

Net liabilities
  
(516,899)
(517,737)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(516,901)
(517,739)

  
(516,899)
(517,737)


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 period 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
STONEHOUSE PRODUCTIONS LIMITED
REGISTERED NUMBER: 13621444
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2024.

N Blair
Director

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

Page 2

 
STONEHOUSE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Stonehouse Productions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 71 Queen Victoria Street, London, EC4V 4BE.
 

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

At the reporting date the company had net liabilities of £516,899 and is dependent on the support of its directors who have confirmed their intention to support the company. As a result the directors believe it is appropriate to prepare the accounts on the going concern basis. The financial  statements  do  not  include  adjustments  that would result from the withdrawal of this financial support.

 
2.3

Revenue

Revenue comprises production revenue and non refundable advances on distribution revenue.
Production revenue is recognised in the period it is contractually due. Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.
Distribution revenue is recognised in the period it is earned and non refundable advances are recognised in the period they are contractually due.

 
2.4

Interest income

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

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.
The Company is eligible to claim a tax credit on film production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

Page 3

 
STONEHOUSE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

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

 
2.9

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 and loans to related parties.


3.


Employees

The personnel involved in the activities of this company are contracted to connected companies who make charges to Stonehouse Productions Limited for the cost of such personnel.


The average monthly number of employees, including directors, during the period was 0 (2022 - 4).


4.


Debtors

31 March
31 December
2024
2022
£
£


Other debtors
-
11,043

Prepayments and accrued income
-
45,852

Tax recoverable
-
3,273

-
60,168


Page 4

 
STONEHOUSE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Cash and cash equivalents

31 March
31 December
2024
2022
£
£

Cash at bank and in hand
15,136
220,082

Less: bank overdrafts
(120)
-

15,016
220,082



6.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Bank overdrafts
120
-

Trade creditors
672
59,833

Other taxation and social security
585
-

Other creditors
527,486
707,487

Accruals and deferred income
3,172
30,667

532,035
797,987


Creditors includes amounts secured by a fixed and floating charge over the assets of the company.


7.


Share capital

31 March
31 December
2024
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


Page 5

 
STONEHOUSE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Related party transactions

Snowed-In Productions Limited is a shareholder in the company. Expenses recharged by Snowed-In Productions in the period was £Nil (Dec 2022: £231,905). All transactions were carried out at arms length. 
At the reporting date £527,486 (Dec 2022: £707,487) was due to Snowed-In Production Limited. The loan is repayable on demand and not interest bearing.
 

 
Page 6