Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falsetrue99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07542499 2023-02-01 2024-01-31 07542499 2022-02-01 2023-01-31 07542499 2024-01-31 07542499 2023-01-31 07542499 c:Director1 2023-02-01 2024-01-31 07542499 d:Buildings d:ShortLeaseholdAssets 2023-02-01 2024-01-31 07542499 d:PlantMachinery 2023-02-01 2024-01-31 07542499 d:MotorVehicles 2023-02-01 2024-01-31 07542499 d:FurnitureFittings 2023-02-01 2024-01-31 07542499 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 07542499 d:OtherPropertyPlantEquipment 2024-01-31 07542499 d:OtherPropertyPlantEquipment 2023-01-31 07542499 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07542499 d:PatentsTrademarksLicencesConcessionsSimilar 2024-01-31 07542499 d:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 07542499 d:CurrentFinancialInstruments 2024-01-31 07542499 d:CurrentFinancialInstruments 2023-01-31 07542499 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07542499 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07542499 d:ShareCapital 2024-01-31 07542499 d:ShareCapital 2023-01-31 07542499 d:SharePremium 2024-01-31 07542499 d:SharePremium 2023-01-31 07542499 d:RetainedEarningsAccumulatedLosses 2024-01-31 07542499 d:RetainedEarningsAccumulatedLosses 2023-01-31 07542499 c:OrdinaryShareClass1 2023-02-01 2024-01-31 07542499 c:OrdinaryShareClass1 2024-01-31 07542499 c:OrdinaryShareClass1 2023-01-31 07542499 c:FRS102 2023-02-01 2024-01-31 07542499 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07542499 c:FullAccounts 2023-02-01 2024-01-31 07542499 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07542499 2 2023-02-01 2024-01-31 07542499 6 2023-02-01 2024-01-31 07542499 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 07542499 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 07542499 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 07542499 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 07542499 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07542499














EXTENDED PLAY LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
EXTENDED PLAY LIMITED
REGISTERED NUMBER:07542499

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1
1

Tangible assets
 5 
1,105,157
952,882

Investments
 6 
25,900
25,900

  
1,131,058
978,783

Current assets
  

Debtors: amounts falling due within one year
 7 
452,855
795,916

Cash at bank and in hand
 8 
9,536,168
10,539,693

  
9,989,023
11,335,609

Creditors: amounts falling due within one year
 9 
(155,587)
(112,431)

Net current assets
  
 
 
9,833,436
 
 
11,223,178

Total assets less current liabilities
  
10,964,494
12,201,961

Provisions for liabilities
  

Deferred tax
 10 
(214,082)
(228,082)

  
 
 
(214,082)
 
 
(228,082)

Net assets
  
10,750,412
11,973,879


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Share premium account
 12 
223,657
223,657

Profit and loss account
  
10,525,755
11,749,222

  
10,750,412
11,973,879


Page 1

 
EXTENDED PLAY LIMITED
REGISTERED NUMBER:07542499
    
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 by: 




P D B Townshend
Director

Date: 21 January 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
EXTENDED PLAY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Extended Play Limited is a private company, limited by shares, registered in England and Wales, registration number 07542499. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company is that of recording studio proprietors, employment of entertainer services and film maker and producers.

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 the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

 
2.2

 Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover 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 from the rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised in the accounting year in which it was received.

 
2.4

Interest income

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

  
2.5

Income from joint venture

Turnover from jointly controlled entities represent profit share due from membership interests in the jointly controlled entities.

Page 3

 
EXTENDED PLAY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

 Taxation

The tax expense for the year comprises current and deferred tax. 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.

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.


 
2.8

 Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

 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.

Page 4

 
EXTENDED PLAY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.9
 Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short term Leasehold Property
-
Cost less residual value over useful economic life
Plant and machinery
-
20% to 25% reducing balance
Motor vehicles
-
10% to 25% reducing balance
Fixtures and fittings
-
20% to 25% reducing balance

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.

 
2.10

 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.15

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
EXTENDED PLAY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).


4.


Intangible assets




Rights

£



Cost


At 1 February 2023
1



At 31 January 2024

1






Net book value



At 31 January 2024
1



At 31 January 2023
1




5.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 February 2023
2,732,506


Additions
439,848



At 31 January 2024

3,172,354



Depreciation


At 1 February 2023
1,779,624


Charge for the year
287,573



At 31 January 2024

2,067,197



Net book value



At 31 January 2024
1,105,157



At 31 January 2023
952,882

Page 6

 
EXTENDED PLAY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Fixed asset investments





Investments in a subsidiary company
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 February 2023
900
25,000
25,900



At 31 January 2024
900
25,000
25,900





7.


Debtors

2024
2023
£
£


Trade debtors
28,340
13

Amounts owed by group undertakings
4,205
4,159

Other debtors
402,845
751,894

Prepayments
17,465
39,850

452,855
795,916



8.


Cash

2024
2023
£
£

Cash at bank
9,536,168
10,539,693



9.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
56,361
14,489

Other creditors
90,476
73,268

Accruals
8,750
24,674

155,587
112,431


Coutts & Company hold a charge containing a negative pledge over the fixtures and fitting of the company in respect of all the amounts due from the company.

Page 7

 
EXTENDED PLAY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Deferred taxation




2024


£






At beginning of year
228,082


Charged to profit or loss
(14,000)



At end of year
214,082

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed assets timing differences
234,051
228,372

Tax losses carried forward
(19,969)
(290)

214,082
228,082


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) ordinary shares of £1.00 each
1,000
1,000



12.


Reserves

Share premium account

The share premium account is a non-distributable reserve which representing the excess of proceeds received over the nominal value of the shares issued.

13.


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 amounted to £34,552 (2023 - £72,563). 

14.


Commitments under operating leases

At 31 January 2024, the company had future minimum lease payments under non-cancellable operating leases of £129,302 (2023 - £95,445).

Page 8

 
EXTENDED PLAY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

15.


Transactions with directors

During the year the company paid expenses of £286,027 (2023 - £509,006) on behalf of a director. As at the year end, the director owed £231,880 (2023 - £369,583) to the company.  Interest has been charged on the loan at an official rate. The loan is unsecured and repayable on demand.
During the year the company paid expenses of £17,146 (2023 - £162,623) on behalf of a director. As at the year end, the director was owed £18,012 (2023 - the director owed to the company £7,346). The loan is interest free, unsecured and repayable on demand.
During the year, the company advanced £1,570,000 (2023 - £NIL) to the directors. These advances were fully repaid during the year and interest has been charged at an official rate.
During the year, dividends of £450,000 were paid to the directors.
 
Page 9