Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-12-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13465210 2023-12-01 2024-07-31 13465210 2022-07-01 2023-11-30 13465210 2024-07-31 13465210 2023-11-30 13465210 c:Director1 2023-12-01 2024-07-31 13465210 d:CurrentFinancialInstruments 2024-07-31 13465210 d:CurrentFinancialInstruments 2023-11-30 13465210 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 13465210 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13465210 d:ShareCapital 2024-07-31 13465210 d:ShareCapital 2023-11-30 13465210 c:FRS102 2023-12-01 2024-07-31 13465210 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-07-31 13465210 c:FullAccounts 2023-12-01 2024-07-31 13465210 c:PrivateLimitedCompanyLtd 2023-12-01 2024-07-31 13465210 6 2023-12-01 2024-07-31 13465210 e:PoundSterling 2023-12-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 13465210









ELECTRIC EYE PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
ELECTRIC EYE PRODUCTIONS LIMITED
REGISTERED NUMBER: 13465210

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

31 July
As restated
30 November
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
16,066
16,066

  
16,066
16,066

Current assets
  

Stocks
 5 
7,229,026
65,715,669

Debtors: amounts falling due within one year
 6 
10,287,388
5,827,232

Cash at bank and in hand
 7 
43,952
1,149,809

  
17,560,366
72,692,710

Creditors: amounts falling due within one year
 8 
(17,576,332)
(72,708,676)

Net current liabilities
  
 
 
(15,966)
 
 
(15,966)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


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 period 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.
 
Page 1

 
ELECTRIC EYE PRODUCTIONS LIMITED
REGISTERED NUMBER: 13465210
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024


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 23 January 2025.


S A S Arnal
Director

Page 2

 
ELECTRIC EYE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Electric Eye Productions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 9a Dallington Street, London, England, EC1V 0BQ.

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.

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'.

 
2.3

Revenue

Revenue comprises production income. Production income is recognised in the Statement of Income and Retained Earnings in the period it is contractually due and expended on production and other costs.
Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.

Page 3

 
ELECTRIC EYE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current 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 high end television 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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Stocks

Stocks comprise production costs, net of high end television tax credit, incurred up to the reporting date on productions yet to be delivered as at the reporting date and are valued at the lower of cost and net realisable value. Net realisable value is estimated as the licence fees receivable from the broadcasters less any further costs to completion expected to be incurred.

 
2.9

Debtors

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

 
2.10

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.

 
2.11

Creditors

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

 
2.12

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 and loans to related parties.

Page 4

 
ELECTRIC EYE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

3.


Employees




The average monthly number of employees, including directors, during the period was 4 (2023 - 4).


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 December 2023
16,066



At 31 July 2024
16,066





5.


Stocks

31 July
As restated
30 November
2024
2023
£
£

Production costs
7,229,026
65,715,669



6.


Debtors

31 July
As restated
30 November
2024
2023
£
£


Amounts owed by group undertakings
4,789,391
55,784

Other debtors
15,138
1,671,290

Prepayments and accrued income
4,921,848
-

Tax recoverable
561,011
4,100,158

10,287,388
5,827,232


Page 5

 
ELECTRIC EYE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Cash and cash equivalents

31 July
30 November
2024
2023
£
£

Cash at bank and in hand
43,952
1,149,809

Less: bank overdrafts
(19,870)
-



8.


Creditors: Amounts falling due within one year

31 July
30 November
2024
2023
£
£

Bank overdrafts
19,870
-

Other loans
7,110,682
35,605,520

Trade creditors
-
2,814,350

Corporation tax
-
138,271

Other creditors
10,436,780
6,329,129

Accruals and deferred income
9,000
27,821,406

17,576,332
72,708,676


Page 6