Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falsefalse2022-11-01falseMotion picture Production and distribution services1818trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11597591 2022-11-01 2023-10-31 11597591 2021-10-31 2022-10-31 11597591 2023-10-31 11597591 2022-10-31 11597591 c:Director1 2022-11-01 2023-10-31 11597591 d:Buildings d:LongLeaseholdAssets 2022-11-01 2023-10-31 11597591 d:Buildings d:LongLeaseholdAssets 2023-10-31 11597591 d:Buildings d:LongLeaseholdAssets 2022-10-31 11597591 d:PlantMachinery 2022-11-01 2023-10-31 11597591 d:PlantMachinery 2023-10-31 11597591 d:PlantMachinery 2022-10-31 11597591 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11597591 d:FurnitureFittings 2022-11-01 2023-10-31 11597591 d:FurnitureFittings 2023-10-31 11597591 d:FurnitureFittings 2022-10-31 11597591 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11597591 d:ComputerEquipment 2022-11-01 2023-10-31 11597591 d:ComputerEquipment 2023-10-31 11597591 d:ComputerEquipment 2022-10-31 11597591 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11597591 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11597591 d:CurrentFinancialInstruments 2023-10-31 11597591 d:CurrentFinancialInstruments 2022-10-31 11597591 d:Non-currentFinancialInstruments 2023-10-31 11597591 d:Non-currentFinancialInstruments 2022-10-31 11597591 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11597591 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11597591 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11597591 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 11597591 d:ShareCapital 2023-10-31 11597591 d:ShareCapital 2022-10-31 11597591 d:SharePremium 2023-10-31 11597591 d:SharePremium 2022-10-31 11597591 d:RetainedEarningsAccumulatedLosses 2023-10-31 11597591 d:RetainedEarningsAccumulatedLosses 2022-10-31 11597591 c:OrdinaryShareClass2 2022-11-01 2023-10-31 11597591 c:OrdinaryShareClass2 2023-10-31 11597591 c:OrdinaryShareClass2 2022-10-31 11597591 c:OrdinaryShareClass3 2022-11-01 2023-10-31 11597591 c:OrdinaryShareClass3 2023-10-31 11597591 c:OrdinaryShareClass3 2022-10-31 11597591 c:FRS102 2022-11-01 2023-10-31 11597591 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11597591 c:FullAccounts 2022-11-01 2023-10-31 11597591 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11597591 2 2022-11-01 2023-10-31 11597591 6 2022-11-01 2023-10-31 11597591 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11597591









FILM SOHO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
FILM SOHO LIMITED
REGISTERED NUMBER: 11597591

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
540,126
504,279

Investments
 5 
88,119
88,119

  
628,245
592,398

Current assets
  

Debtors: amounts falling due within one year
 6 
1,735,456
1,693,845

Cash at bank and in hand
 7 
3,659
133,593

  
1,739,115
1,827,438

Creditors: amounts falling due within one year
 8 
(1,156,500)
(764,250)

Net current assets
  
 
 
582,615
 
 
1,063,188

Total assets less current liabilities
  
1,210,860
1,655,586

Creditors: amounts falling due after more than one year
 9 
(1,992,501)
(1,799,603)

  

Net liabilities
  
(781,641)
(144,017)


Capital and reserves
  

Called up share capital 
 10 
100
100

Share premium account
  
1,124,965
1,124,965

Profit and loss account
  
(1,906,706)
(1,269,082)

  
(781,641)
(144,017)


Page 1

 
FILM SOHO LIMITED
REGISTERED NUMBER: 11597591
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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: 




N P Hamson
Director

Date: 24 January 2025

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

Page 2

 
FILM SOHO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Film Soho Limited is a private company limited by shares and incorporated in England & Wales (registered number 11597591). The registered office is 1-2 Portland Mews, London, England, W1F 8JE.
The principal activity of the company is that of motion picture production and distribution services. 

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

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position assurances have been obtained from the directors and major shareholders of the company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors considers it appropriate to prepare the financial statements on a going concern basis.

 
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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

Page 3

 
FILM SOHO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight -line
Fixtures and fittings
-
25%
straight -line
Computer equipment
-
25%
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 profit or loss.

Page 4

 
FILM SOHO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 18).

Page 5

 
FILM SOHO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2022
365,717
508,906
25,779
7,757
908,159


Additions
313,196
-
-
6,739
319,935


Disposals
-
(361,456)
(595)
-
(362,051)



At 31 October 2023

678,913
147,450
25,184
14,496
866,043



Depreciation


At 1 November 2022
27,702
358,289
14,284
3,604
403,879


Charge for the year on owned assets
130,578
36,862
6,296
2,781
176,517


Disposals
-
(254,479)
-
-
(254,479)



At 31 October 2023

158,280
140,672
20,580
6,385
325,917



Net book value



At 31 October 2023
520,633
6,778
4,604
8,111
540,126



At 31 October 2022
338,015
150,616
11,495
4,153
504,279


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 November 2022
88,119



At 31 October 2023
88,119




Page 6

 
FILM SOHO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,008
672,128

Other debtors
1,501,451
909,033

Prepayments and accrued income
232,997
112,684

1,735,456
1,693,845



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,659
133,593

Less: bank overdrafts
(11,347)
-

(7,688)
133,593



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
11,347
-

Bank loans
-
10,648

Trade creditors
429,422
377,924

Other taxation and social security
55,252
38,659

Other creditors
549,303
267,696

Accruals and deferred income
111,176
69,323

1,156,500
764,250


Page 7

 
FILM SOHO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
28,703
33,143

Other loans
1,963,798
1,766,460

1,992,501
1,799,603



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



8,9008,900 Ordinary shares of £0.01 each
89
89
1,100 (2022 - 1,100) Ordinary shares of £0.01 each
11
11

100

100



11.


Pension commitments

The company operates a defined contributions pension scheme. The pension cost charge for the year amounted to £21,000 (2022: £13,566).

 
Page 8