Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22truefalse 13173570 2023-02-01 2024-01-31 13173570 2022-02-01 2023-01-31 13173570 2024-01-31 13173570 2023-01-31 13173570 c:Director1 2023-02-01 2024-01-31 13173570 d:CurrentFinancialInstruments 2024-01-31 13173570 d:CurrentFinancialInstruments 2023-01-31 13173570 d:Non-currentFinancialInstruments 2024-01-31 13173570 d:Non-currentFinancialInstruments 2023-01-31 13173570 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13173570 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13173570 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13173570 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13173570 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 13173570 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 13173570 d:ShareCapital 2024-01-31 13173570 d:ShareCapital 2023-01-31 13173570 d:RetainedEarningsAccumulatedLosses 2024-01-31 13173570 d:RetainedEarningsAccumulatedLosses 2023-01-31 13173570 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13173570 c:OrdinaryShareClass1 2024-01-31 13173570 c:OrdinaryShareClass1 2023-01-31 13173570 c:FRS102 2023-02-01 2024-01-31 13173570 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13173570 c:FullAccounts 2023-02-01 2024-01-31 13173570 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13173570 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13173570














DOODLE MGTO3 LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
DOODLE MGTO3 LTD
REGISTERED NUMBER:13173570

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
488,598
2,089,696

Cash at bank and in hand
 5 
4,766
2,366

  
493,364
2,092,062

Creditors: amounts falling due within one year
 6 
(322,506)
(2,092,061)

Net current assets
  
 
 
170,858
 
 
1

Total assets less current liabilities
  
170,858
1

Creditors: amounts falling due after more than one year
  
(208,277)
-

  

Net (liabilities)/assets
  
(37,419)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(37,420)
-

  
(37,419)
1


1

 
DOODLE MGTO3 LTD
REGISTERED NUMBER:13173570
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 profit and loss account 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 24 January 2025.




D C Jenkins
Director

The notes on pages 3 to 6 form part of these financial statements.

2

 
DOODLE MGTO3 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Doodle MGT03 Limited is a private company, limited by shares, registered in England and Wales, registration number 13173570. The registered office address is 1-5 Vyner Street, London, E2 9DG.
 

The princial activity of the company continued to be that of Video production activities

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full or at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the  can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover relates to the production of the animation series entitled "Messy Goes to Okido - Series 3". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
   

 
2.4

Borrowing costs

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

3

 
DOODLE MGTO3 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Current and deferred 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 corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.


 
2.7

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.

 
2.8

Cash

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.

 
2.9

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.

4

 
DOODLE MGTO3 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

  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, loans to and from related parties.


3.


Employees

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


4.


Debtors

As restated
2024
2023
£
£


Amounts owed by group undertakings
488,598
1,547,124

Other debtors
-
302,462

Prepayments and accrued income
-
240,110

488,598
2,089,696



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank
4,766
2,366



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
255,851
891,209

Trade creditors
-
99,105

Amounts owed to group undertakings
-
951,725

Accruals and deferred income
66,655
150,022

322,506
2,092,061


5

 
DOODLE MGTO3 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
208,277
-



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
255,851
891,210

Amounts falling due 1-2 years

Bank loans
208,277
-



464,128
891,210



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.0
1
1



10.


Prior year adjustment

In the prior year, the amount of £1,547,124 was classified under trade debtors, that related to amount due from group undertaking. The comparative have been adjusted accordingly. There was no adjustment made to equity. 


11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amount £Nill (2023 - £6,071).


12.


Related party transactions

No disclosure has been made in respect of transactions with wholly owned group companies in
accordance with FRS 102 Section 1A paragraph 1AC.35.
 

 
6