Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29truetrue2023-03-01falseprovision of services to the film industry22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01323442 2023-03-01 2024-02-29 01323442 2022-03-01 2023-02-28 01323442 2024-02-29 01323442 2023-02-28 01323442 c:Director1 2023-03-01 2024-02-29 01323442 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 01323442 d:Buildings d:LongLeaseholdAssets 2024-02-29 01323442 d:Buildings d:LongLeaseholdAssets 2023-02-28 01323442 d:FurnitureFittings 2023-03-01 2024-02-29 01323442 d:FurnitureFittings 2024-02-29 01323442 d:FurnitureFittings 2023-02-28 01323442 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01323442 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01323442 d:CurrentFinancialInstruments 2024-02-29 01323442 d:CurrentFinancialInstruments 2023-02-28 01323442 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 01323442 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 01323442 d:ShareCapital 2024-02-29 01323442 d:ShareCapital 2023-02-28 01323442 d:RetainedEarningsAccumulatedLosses 2024-02-29 01323442 d:RetainedEarningsAccumulatedLosses 2023-02-28 01323442 c:OrdinaryShareClass1 2023-03-01 2024-02-29 01323442 c:OrdinaryShareClass1 2024-02-29 01323442 c:FRS102 2023-03-01 2024-02-29 01323442 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 01323442 c:FullAccounts 2023-03-01 2024-02-29 01323442 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 01323442 2 2023-03-01 2024-02-29 01323442 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01323442














PUNDITBEST LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
PUNDITBEST LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
PUNDITBEST LIMITED
REGISTERED NUMBER:01323442

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,063
21,129

Current assets
  

Debtors: amounts falling due within one year
 5 
623
1,980

Cash at bank and in hand
  
204,328
193,863

  
204,951
195,843

Creditors: amounts falling due within one year
 6 
(142,055)
(137,392)

Net current assets
  
 
 
62,896
 
 
58,451

  

Net assets
  
78,959
79,580


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
78,859
79,480

  
78,959
79,580


Page 1

 
PUNDITBEST LIMITED
REGISTERED NUMBER:01323442
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

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 by: 




B Robinson
Director

Date: 24 November 2024

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

Page 2

 
PUNDITBEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Punditbest Limited is a limited liability company incorporated in England and Wales with it's registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be of the provision of services to the film industry.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied and royalties received during the year, exclusive of Value Added Tax and trade discounts. Income received in advance for granting options to use original works owned by the company is recognised as revenue either when the option is excercised or when the option period expires, whichever occurs the earlier.

 
2.3

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 provided on the following basis:

L/Term Leasehold Property
-
4%
on cost
Fixtures & fittings
-
15%
reducing balance

 
2.4

Debtors

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

 
2.5

Cash and cash equivalents

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

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

Page 3

 
PUNDITBEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 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.

 
2.8

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

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.

 
2.10

Interest income

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

 
2.11

Borrowing costs

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

 
2.12

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 reporting date in the countries where the company operates and generates income.


3.


Employees




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

Page 4

 
PUNDITBEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







L/Term Leasehold Property
Fixtures & fittings
Total

£
£
£



Cost


At 1 March 2023
115,631
49,844
165,475



At 29 February 2024

115,631
49,844
165,475



Depreciation


At 1 March 2023
97,442
46,904
144,346


Charge for the year on owned assets
4,625
441
5,066



At 29 February 2024

102,067
47,345
149,412



Net book value



At 29 February 2024
13,564
2,499
16,063



At 28 February 2023
18,189
2,940
21,129


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
623
1,980



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other loans
120,260
120,260

Trade creditors
590
-

Other taxation and social security
13,667
10,679

Other creditors
1,738
953

Accruals and deferred income
5,800
5,500

142,055
137,392


Page 5

 
PUNDITBEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


 
Page 6