Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03906540 2023-07-01 2024-06-30 03906540 2022-07-01 2023-06-30 03906540 2024-06-30 03906540 2023-06-30 03906540 2022-07-01 03906540 c:CompanySecretary1 2023-07-01 2024-06-30 03906540 c:Director1 2023-07-01 2024-06-30 03906540 c:Director2 2023-07-01 2024-06-30 03906540 c:RegisteredOffice 2023-07-01 2024-06-30 03906540 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 03906540 d:Buildings d:LongLeaseholdAssets 2024-06-30 03906540 d:Buildings d:LongLeaseholdAssets 2023-06-30 03906540 d:FurnitureFittings 2023-07-01 2024-06-30 03906540 d:FurnitureFittings 2024-06-30 03906540 d:FurnitureFittings 2023-06-30 03906540 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03906540 d:OfficeEquipment 2023-07-01 2024-06-30 03906540 d:OfficeEquipment 2024-06-30 03906540 d:OfficeEquipment 2023-06-30 03906540 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03906540 d:ComputerEquipment 2023-07-01 2024-06-30 03906540 d:ComputerEquipment 2024-06-30 03906540 d:ComputerEquipment 2023-06-30 03906540 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03906540 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03906540 d:CurrentFinancialInstruments 2024-06-30 03906540 d:CurrentFinancialInstruments 2023-06-30 03906540 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03906540 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03906540 d:ShareCapital 2024-06-30 03906540 d:ShareCapital 2023-06-30 03906540 d:ShareCapital 2022-07-01 03906540 d:CapitalRedemptionReserve 2024-06-30 03906540 d:CapitalRedemptionReserve 2023-06-30 03906540 d:CapitalRedemptionReserve 2022-07-01 03906540 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 03906540 d:RetainedEarningsAccumulatedLosses 2024-06-30 03906540 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 03906540 d:RetainedEarningsAccumulatedLosses 2023-06-30 03906540 d:RetainedEarningsAccumulatedLosses 2022-07-01 03906540 c:OrdinaryShareClass1 2023-07-01 2024-06-30 03906540 c:OrdinaryShareClass1 2024-06-30 03906540 c:OrdinaryShareClass1 2023-06-30 03906540 c:FRS102 2023-07-01 2024-06-30 03906540 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03906540 c:FullAccounts 2023-07-01 2024-06-30 03906540 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03906540 d:Subsidiary1 2023-07-01 2024-06-30 03906540 d:Subsidiary1 1 2023-07-01 2024-06-30 03906540 d:Subsidiary2 2023-07-01 2024-06-30 03906540 d:Subsidiary2 1 2023-07-01 2024-06-30 03906540 d:Subsidiary4 2023-07-01 2024-06-30 03906540 d:Subsidiary4 1 2023-07-01 2024-06-30 03906540 d:Subsidiary5 2023-07-01 2024-06-30 03906540 d:Subsidiary5 1 2023-07-01 2024-06-30 03906540 d:WithinOneYear 2024-06-30 03906540 d:WithinOneYear 2023-06-30 03906540 d:BetweenOneFiveYears 2024-06-30 03906540 d:BetweenOneFiveYears 2023-06-30 03906540 d:MoreThanFiveYears 2024-06-30 03906540 d:MoreThanFiveYears 2023-06-30 03906540 2 2023-07-01 2024-06-30 03906540 6 2023-07-01 2024-06-30 03906540 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03906540









DARRALL MACQUEEN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
DARRALL MACQUEEN LIMITED
 
 
COMPANY INFORMATION


Directors
M Darrall 
W J Macqueen 




Company secretary
W J Macqueen



Registered number
03906540



Registered office
2 Jardine House
Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX




Accountants
Ecovis Wingrave Yeats UK Limited
Chartered Accountants

3rd Floor, Waverley House

7-12 Noel Street

London

W1F 8GQ





 
DARRALL MACQUEEN LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 11


 
DARRALL MACQUEEN LIMITED
REGISTERED NUMBER: 03906540

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,554
14,477

Investments
 6 
204
202

  
4,758
14,679

Current assets
  

Debtors: amounts falling due within one year
 7 
222,640
1,070,698

Cash at bank and in hand
  
857,750
423,273

  
1,080,390
1,493,971

Creditors: amounts falling due within one year
 8 
(225,018)
(190,126)

Net current assets
  
 
 
855,372
 
 
1,303,845

Total assets less current liabilities
  
860,130
1,318,524

  

Net assets
  
860,130
1,318,524


Capital and reserves
  

Called up share capital 
 9 
26
26

Capital redemption reserve
  
78
78

Profit and loss account
  
860,026
1,318,420

  
860,130
1,318,524


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 20 November 2024.

Page 1

 
DARRALL MACQUEEN LIMITED
REGISTERED NUMBER: 03906540
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024




W J Macqueen
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
DARRALL MACQUEEN LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 July 2022
26
78
1,712,467
1,712,571


Comprehensive income for the year

Loss for the year
-
-
(94,047)
(94,047)

Dividends: Equity capital
-
-
(300,000)
(300,000)



At 1 July 2023
26
78
1,318,420
1,318,524


Comprehensive income for the year

Loss for the year
-
-
(358,394)
(358,394)

Dividends: Equity capital
-
-
(100,000)
(100,000)


At 30 June 2024
26
78
860,026
860,130


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
DARRALL MACQUEEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Darrall Macqueen Limited is a private company, limited by shares, & incorporated in England and Wales. Registered number 03906540. The registered office is located at 2 Jardine House, Harrovian Business Village, Bessborough Road, Harrow, Middlesex, HA1 3EX. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The directors have assessed the Company's ability to operate as a going concern for the next 12 months from the date of signing the financial statements. Due to the significant cash reserves of the Company, the directors consider that there is no significant effect on the Company's ability to continue as a going concern. 

  
2.4

Turnover

Turnover represents amounts receivable for work carried out in producing television programmes and is recognised on a percentage of completion basis. Turnover recognised is determined by reference to production costs incurred to date as a percentage of total expected costs of the relevant project. 
Overspends are recognised as soon as they arise and underspends are recognised on completion of the project. 
Turnover also includes sums receivable from the exploitation of programmes in which the Company owns rights. Such rights are recognised when receivable. 

Page 4

 
DARRALL MACQUEEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
straight line over 5 years
Fixtures and fittings
-
straight line over 3 years
IT equipment
-
straight line over 3 years
Technical equipment
-
straight line over 3 years

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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, loands from banks and other third parties, loands to related parties and investments in ordinary shares.
 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it quaifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
 
Financial assets that are measued at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.




Page 5

 
DARRALL MACQUEEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amunts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

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.

Page 6

 
DARRALL MACQUEEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

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


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent for other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Critical estimates in applying the Company’s accounting policies
The following are the critical estimates that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Turnover recognition
Turnover from production services is recognised on a percentage-of-completion basis. Percentage-of-completion is based upon the proportion of costs incurred in the current period to total expected costs incurred for the productions recorded in the third party entities where the production costs are recorded. The total expected costs on each production are reviewed by management on a regular basis. 


4.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 7

 
DARRALL MACQUEEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Technical equipment
IT equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
65,682
55,439
23,416
76,278
220,815



At 30 June 2024

65,682
55,439
23,416
76,278
220,815



Depreciation


At 1 July 2023
65,682
46,067
19,926
74,663
206,338


Charge for the year
-
6,262
2,953
708
9,923



At 30 June 2024

65,682
52,329
22,879
75,371
216,261



Net book value



At 30 June 2024
-
3,110
537
907
4,554



At 30 June 2023
-
9,372
3,490
1,615
14,477

Page 8

 
DARRALL MACQUEEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
202


Additions
2



At 30 June 2024
204





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Principal activity

Class of shares

Holding

Saving the Dog Productions Limited
Commissioning distributor
Ordinary
100%
LLF Productions Limited
Television production
Ordinary
100%
Chip and Potato Production 2 Limited
Television production
Ordinary
100%
After School Waffle Limited
Television production
Ordinary
100%

The registered address of the above subsidiaries is Shearwater House, The Green, Richmond Upon Thames, England, TW9 1PX.

The aggregate of the share capital and reserves as at 30 June 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Saving the Dog Productions Limited
100
-

LLF Productions Limited
100
-

Chip and Potato Production 2 Limited
2
-

After School Waffle Limited
2
-

Page 9

 
DARRALL MACQUEEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Trade debtors
60,309
55,465

Amounts owed by group undertakings
52,527
917,879

Other debtors
22,378
22,230

Prepayments and accrued income
87,426
75,124

222,640
1,070,698


Amounts owed by group undertakings are unsecured, interest free and repayable on demand. 


8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,134
12,564

Amounts owed to group undertakings
-
54,327

Other taxation and social security
43,424
28,747

Other creditors
51,061
240

Accruals and deferred income
124,399
94,248

225,018
190,126


Amounts owed to group undertakings are unsecured, interest free and repayable on demand. 


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



26 (2023 - 26) Ordinary shares of £1.00 each
26
26


Page 10

 
DARRALL MACQUEEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


10.


Pension commitments

The Company operates a defined contribution 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 £41,744 (2023 - £82,383). Contributions totalling £426 (2023 - £248) were payable to the fund at the balance sheet date and are included within other creditors.


11.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
82,806
82,806

Later than 1 year and not later than 5 years
200,115
165,612

Later than 5 years
-
34,503

282,921
282,921


12.


Related party transactions

The Company has taken the exemption provided by Section 33 of FRS 'Related party disclosures' and has not disclosed transactions entered into between two or more members of the group, provided that any subsidiary undertaking which is party to the transaction is a wholly owned member of that group. 

 
Page 11