Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-301false12022-12-01trueNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07836814 2022-12-01 2023-11-30 07836814 2021-12-01 2022-11-30 07836814 2023-11-30 07836814 2022-11-30 07836814 c:Director1 2022-12-01 2023-11-30 07836814 d:CurrentFinancialInstruments 2023-11-30 07836814 d:CurrentFinancialInstruments 2022-11-30 07836814 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07836814 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07836814 d:ShareCapital 2023-11-30 07836814 d:ShareCapital 2022-11-30 07836814 d:RetainedEarningsAccumulatedLosses 2023-11-30 07836814 d:RetainedEarningsAccumulatedLosses 2022-11-30 07836814 c:FRS102 2022-12-01 2023-11-30 07836814 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07836814 c:FullAccounts 2022-12-01 2023-11-30 07836814 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07836814 2 2022-12-01 2023-11-30 07836814 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 07836814









EXECUTIVE OPTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
EXECUTIVE OPTIONS LIMITED
REGISTERED NUMBER: 07836814

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
155,001
155,000

Cash at bank and in hand
  
412,702
420,965

  
567,703
575,965

Creditors: amounts falling due within one year
 6 
(6,488)
(14,587)

Net current assets
  
 
 
561,215
 
 
561,378

Total assets less current liabilities
  
561,215
561,378

  

Net assets
  
561,215
561,378


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
561,214
561,377

  
561,215
561,378


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 on 27 November 2024.




E T Hardy
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
EXECUTIVE OPTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Executive Options Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. 

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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover comprises revenue recognised by the company in respect of film production services supplied during the year. Revenue is recognised in accordance with the underlying contracts. 

 
2.4

Interest income

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

 
2.5

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 2

 
EXECUTIVE OPTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

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

 
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, loans from banks and other third parties, loans to related parties and investments in non-puttable 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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
The director does not consider that the company has any significant areas of estimation uncertainity.


4.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


5.


Debtors

2023
2022
£
£


Other debtors
155,001
155,000

155,001
155,000


Page 3

 
EXECUTIVE OPTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
7,599

Other creditors
288
288

Accruals and deferred income
6,200
6,700

6,488
14,587



7.


Related party transactions

At the reporting date, the company was owed £155,000 (2022: £155,000) by 33 1/3RD Limited, a company of which E T Hardy is a director.

 
Page 4