Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31falsefalse2023-08-01providing film and TV series directing services and journalism33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05531393 2023-08-01 2024-07-31 05531393 2022-08-01 2023-07-31 05531393 2024-07-31 05531393 2023-07-31 05531393 c:Director1 2023-08-01 2024-07-31 05531393 d:OfficeEquipment 2023-08-01 2024-07-31 05531393 d:OfficeEquipment 2024-07-31 05531393 d:OfficeEquipment 2023-07-31 05531393 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05531393 d:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 05531393 d:OtherPropertyPlantEquipment 2024-07-31 05531393 d:OtherPropertyPlantEquipment 2023-07-31 05531393 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05531393 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05531393 d:CurrentFinancialInstruments 2024-07-31 05531393 d:CurrentFinancialInstruments 2023-07-31 05531393 d:Non-currentFinancialInstruments 2024-07-31 05531393 d:Non-currentFinancialInstruments 2023-07-31 05531393 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 05531393 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05531393 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 05531393 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 05531393 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 05531393 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 05531393 d:ShareCapital 2024-07-31 05531393 d:ShareCapital 2023-07-31 05531393 d:RetainedEarningsAccumulatedLosses 2024-07-31 05531393 d:RetainedEarningsAccumulatedLosses 2023-07-31 05531393 c:OrdinaryShareClass1 2023-08-01 2024-07-31 05531393 c:OrdinaryShareClass1 2024-07-31 05531393 c:OrdinaryShareClass1 2023-07-31 05531393 c:FRS102 2023-08-01 2024-07-31 05531393 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05531393 c:FullAccounts 2023-08-01 2024-07-31 05531393 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05531393 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 05531393 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 05531393 2 2023-08-01 2024-07-31 05531393 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05531393














SQUARE EYED PRODUCTIONS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
SQUARE EYED PRODUCTIONS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
SQUARE EYED PRODUCTIONS LTD
REGISTERED NUMBER:05531393

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
59,667
65,525

Current assets
  

Debtors: amounts falling due within one year
 5 
9,336
33,489

Cash at bank and in hand
  
193,416
153,178

  
202,752
186,667

Creditors: amounts falling due within one year
 6 
(20,939)
(31,502)

Net current assets
  
 
 
181,813
 
 
155,165

Total assets less current liabilities
  
241,480
220,690

Creditors: amounts falling due after more than one year
 7 
(10,000)
(20,000)

Provisions for liabilities
  

Deferred tax
 9 
(14,917)
(16,381)

Net assets
  
216,563
184,309


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
216,463
184,209

  
216,563
184,309


Page 1

 
SQUARE EYED PRODUCTIONS LTD
REGISTERED NUMBER:05531393
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 Caron
Director

Date: 10 December 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SQUARE EYED PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Square Eyed Productions Limited is a limited liability company incorporated in England and Wales with its registered office at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.

The principal activity of the company was that of providing film and TV series directing services and journalism.

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 £ 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.

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'.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.4

Interest income

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

Page 3

 
SQUARE EYED PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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.

 
2.6

Borrowing costs

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

 
2.7

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
SQUARE EYED PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

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:

Office equipment
-
25%
reducing balance
Other fixed assets
-
10%
straight line

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 the Statement of Comprehensive Income.

 
2.10

Debtors

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

 
2.11

Cash and cash equivalents

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

 
2.12

Creditors

Short term creditors are measured at the transaction price.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
SQUARE EYED PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 August 2023
92,135
30,000
122,135


Additions
8,476
-
8,476



At 31 July 2024

100,611
30,000
130,611



Depreciation


At 1 August 2023
49,111
7,500
56,611


Charge for the year on owned assets
11,333
3,000
14,333



At 31 July 2024

60,444
10,500
70,944



Net book value



At 31 July 2024
40,167
19,500
59,667



At 31 July 2023
43,025
22,500
65,525

Page 6

 
SQUARE EYED PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
731
-

Other debtors
2,106
30,464

Prepayments and accrued income
6,499
3,025

9,336
33,489



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
3,528
482

Other taxation and social security
11
11

Other creditors
1,000
15,426

Accruals and deferred income
6,400
5,583

20,939
31,502



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
20,000



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


Amounts falling due 2-5 years

Bank loans
10,000
20,000


20,000
30,000


Page 7

 
SQUARE EYED PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Deferred taxation




2024


£






At beginning of year
(16,381)


Charged to profit or loss
1,464



At end of year
(14,917)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(14,917)
(16,381)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1 each
100
100


 
Page 8