Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3112023-02-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10584321 2023-02-01 2024-01-31 10584321 2022-02-01 2023-01-31 10584321 2024-01-31 10584321 2023-01-31 10584321 c:Director1 2023-02-01 2024-01-31 10584321 d:CurrentFinancialInstruments 2024-01-31 10584321 d:CurrentFinancialInstruments 2023-01-31 10584321 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10584321 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10584321 d:ShareCapital 2024-01-31 10584321 d:ShareCapital 2023-01-31 10584321 d:SharePremium 2024-01-31 10584321 d:SharePremium 2023-01-31 10584321 d:RetainedEarningsAccumulatedLosses 2024-01-31 10584321 d:RetainedEarningsAccumulatedLosses 2023-01-31 10584321 c:FRS102 2023-02-01 2024-01-31 10584321 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10584321 c:FullAccounts 2023-02-01 2024-01-31 10584321 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10584321 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 10584321









QUIXOTE PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
QUIXOTE PRODUCTIONS LIMITED
REGISTERED NUMBER: 10584321

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
276,087
345,109

Debtors: amounts falling due within one year
 5 
8,590
2,652

Cash at bank and in hand
 6 
3,134
6,517

  
287,811
354,278

Creditors: amounts falling due within one year
 7 
(457,726)
(470,712)

Net current liabilities
  
 
 
(169,915)
 
 
(116,434)

Total assets less current liabilities
  
(169,915)
(116,434)

  

Net liabilities
  
(169,915)
(116,434)


Capital and reserves
  

Called up share capital 
  
11
11

Share premium account
  
149,999
149,999

Profit and loss account
  
(319,925)
(266,444)

  
(169,915)
(116,434)


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 her 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.
 
Page 1

 
QUIXOTE PRODUCTIONS LIMITED
REGISTERED NUMBER: 10584321
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 January 2025.




L Darwin
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
QUIXOTE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Quixote Productions Limited is a private company limited by shares and registered in England and Wales. The address of its registered office and principal place of business is 3rd Floor, 21 Fleet Street, London, EC4Y 1AA.

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

Going concern

The company meets its day to day working capital requirements through the utilisation of its own funds, and banking and loan facilities.
Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainly exists over the company’s future.

 
2.3

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

 
2.4

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.5

Debtors

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

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

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

Page 3

 
QUIXOTE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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 Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.
The Company is eligible to claim a tax credit on film production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Stocks

2024
2023
£
£

Film production costs
276,087
345,109

276,087
345,109


Page 4

 
QUIXOTE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Other debtors
8,452
2,652

Prepayments and accrued income
138
-

8,590
2,652



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,134
6,517

3,134
6,517



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,260
2,190

Other taxation and social security
-
418

Other creditors
453,606
466,279

Accruals and deferred income
1,860
1,825

457,726
470,712



8.


Controlling Party

Throughout the current and preceeding year, there was no overall controlling party.

 
Page 5