Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true1falseNo description of principal activityfalse2022-12-011trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08079343 2022-12-01 2023-11-30 08079343 2021-12-01 2022-11-30 08079343 2023-11-30 08079343 2022-11-30 08079343 c:Director1 2022-12-01 2023-11-30 08079343 d:CurrentFinancialInstruments 2023-11-30 08079343 d:CurrentFinancialInstruments 2022-11-30 08079343 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08079343 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08079343 d:ShareCapital 2023-11-30 08079343 d:ShareCapital 2022-11-30 08079343 d:RetainedEarningsAccumulatedLosses 2023-11-30 08079343 d:RetainedEarningsAccumulatedLosses 2022-11-30 08079343 c:FRS102 2022-12-01 2023-11-30 08079343 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08079343 c:FullAccounts 2022-12-01 2023-11-30 08079343 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08079343 6 2022-12-01 2023-11-30 08079343 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 08079343









33 1/3RD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
33 1/3RD LIMITED
REGISTERED NUMBER: 08079343

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
  
10,000
10,000

  
10,000
10,000

Current assets
  

Debtors: amounts falling due within one year
 5 
194,020
56,921

Cash at bank and in hand
  
23,664,424
21,833,213

  
23,858,444
21,890,134

Creditors: amounts falling due within one year
 6 
(1,625,072)
(2,191,561)

Net current assets
  
 
 
22,233,372
 
 
19,698,573

Total assets less current liabilities
  
22,243,372
19,708,573

  

Net assets
  
22,243,372
19,708,573


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
22,243,371
19,708,572

  
22,243,372
19,708,573


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 29 November 2024.

E T Hardy
Director

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

Page 1

 
33 1/3RD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

33 1/3rd Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is Regina House, 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 acting and film and television programme development and production services. Revenue is recognised in accordance with the underlying contracts. Overspends on production are recognised as they arise and underspends are recognised on completion of the productions.

 
2.4

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.

Page 2

 
33 1/3RD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

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

Page 3

 
33 1/3RD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
10,000



At 30 November 2023
10,000





5.


Debtors

2023
2022
£
£


Trade debtors
64,376
56,921

Prepayments and accrued income
129,644
-

194,020
56,921



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
671,820
885,273

Corporation tax
747,077
1,111,081

Other taxation and social security
25,707
18,218

Other creditors
162,844
165,124

Accruals and deferred income
17,624
11,865

1,625,072
2,191,561



7.


Related party transactions

At the reporting date, the company owed £155,000 (2022: £155,000) to Executive Options Limited, a company of which E T Hardy is also a director.
At the reporting date, the company owed £7,844 (2022: £10,124) to E T Hardy, the director of the company. The loan was provided interest free and is repayable on demand.

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