Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falsetrue2024-01-01No description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14405161 2024-01-01 2024-05-31 14405161 2022-10-07 2023-12-31 14405161 2024-05-31 14405161 2023-12-31 14405161 c:Director1 2024-01-01 2024-05-31 14405161 c:Director2 2024-01-01 2024-05-31 14405161 c:RegisteredOffice 2024-01-01 2024-05-31 14405161 d:CurrentFinancialInstruments 2024-05-31 14405161 d:CurrentFinancialInstruments 2023-12-31 14405161 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14405161 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14405161 d:ShareCapital 2024-05-31 14405161 d:ShareCapital 2023-12-31 14405161 c:OrdinaryShareClass1 2024-01-01 2024-05-31 14405161 c:OrdinaryShareClass1 2024-05-31 14405161 c:OrdinaryShareClass1 2023-12-31 14405161 c:FRS102 2024-01-01 2024-05-31 14405161 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-05-31 14405161 c:FullAccounts 2024-01-01 2024-05-31 14405161 c:PrivateLimitedCompanyLtd 2024-01-01 2024-05-31 14405161 2 2024-01-01 2024-05-31 14405161 e:PoundSterling 2024-01-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14405161









THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2024

 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
 
 
COMPANY INFORMATION


Directors
N D Betts 
A R Neville 




Registered number
14405161



Registered office
3rd Floor, Waverley House
7-12 Noel Street

London

W1F 8GQ




Accountants
Ecovis Wingrave Yeats UK Limited
Chartered Accountants

3rd Floor, Waverley House

7-12 Noel Street

London

W1F 8GQ





 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
REGISTERED NUMBER: 14405161

BALANCE SHEET
AS AT 31 MAY 2024

31 May
31 December
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
112,838
3,203,046

Cash at bank and in hand
  
144,623
602,116

  
257,461
3,805,162

Creditors: amounts falling due within one year
 6 
(257,361)
(3,805,062)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 7 
100
100

  
100
100


Page 1

 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
REGISTERED NUMBER: 14405161
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 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 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 on 23 January 2025.




N D Betts
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

The Lighthouse Film and Television (Scoop) Limited is a private company, limited by shares, incorporated  in England & Wales, registration number 14405161. The company's registered office is 3rd Floor, Waverley House, 7-12 Noel Street, London, W1F 8GQ. The accounting period was shortened from 31 December 2024 to 31 May 2024, therefore these financial statements cover a 5 month period. The comparative period ran from 7 October 2022 to 31 December 2023.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The nature of the Company’s principal activity means that there is significant expenditure during active television production phases and substantially lower costs outside of these periods. The Company’s robust financial planning and funding arrangements ensure operational continuity and financial stability throughout. Therefore, the fluctuating costs associated with our production cycles do not pose a threat to our status as a going concern. As a result, the directors believe that it remains appropriate to continue to adopt the going concern basis in preparing these financial statements.

 
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. 

Other income relates to proceeds received from insurance claims during the production and has been recognised over the period to which it relates.
Tax credit income is based on UK qualifying production expenditure and as such is recognised in the period in which the claim is made.

Page 3

 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Interest income

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

  
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

Creative tax credit estimate
The key accounting estimate within these financial statements relates to the value of the television tax credit. The estimate is based on the assessment of the value of qualifying expenditure in accordance with HMRC legislation and guidance and those expenditures eligible for the tax relief. The figures included in these financial statements represent the final tax credit estimate.


4.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

Page 5

 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Debtors

31 May
31 December
2024
2023
£
£


Called up share capital not paid
100
100

VAT recoverable
132
46,713

Tax credit receivable
112,606
3,156,233

112,838
3,203,046



6.


Creditors: Amounts falling due within one year

31 May
31 December
2024
2023
£
£

Trade creditors
-
23,547

Accruals and deferred income
257,361
3,781,515

257,361
3,805,062



7.


Share capital

31 May
31 December
2024
2023
£
£
Allotted, called up and unpaid



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100

The shares have attached to them full voting rights, dividend and capital distribution rights.



8.


Prior period adjustment

These financial statements reflect a prior period adjustment to apply a correction to the way in which an advance had been accounted for. As a result, both turnover and cost of sales have been reduced by £3,156,233. In addition, the presentation of the tax credit has been moved and is now being recognised within the tax line of the profit and loss.
Following these changes, the net impact on the result for the prior year and the Company's net asset position as at 31 December 2023 is £Nil.

Page 6

 
THE LIGHTHOUSE FILM AND TELEVISION (SCOOP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

9.


Related party transactions

The Lighthouse Film and Television (Scoop) Limited has taken the exemption under FRS 102, section 33 Related Party Disclosures paragraph 33.1A, whereby the company is not required to disclose transactions with other wholly owned subsidiaries.


10.


Controlling party

The controlling party is Lighthouse Film and Television Limited, a company registered in England & Wales, company number 12203888. The Lighthouse Film and Television Limited owns the entire share capital of The Lighthouse (Scoop) Limited.

 
Page 7