Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-05-01No description of principal activity1false 12276924 2023-05-01 2024-04-30 12276924 2021-11-01 2023-04-30 12276924 2024-04-30 12276924 2023-04-30 12276924 c:Director1 2023-05-01 2024-04-30 12276924 d:CurrentFinancialInstruments 2024-04-30 12276924 d:CurrentFinancialInstruments 2023-04-30 12276924 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 12276924 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 12276924 d:ShareCapital 2024-04-30 12276924 d:ShareCapital 2023-04-30 12276924 c:FRS102 2023-05-01 2024-04-30 12276924 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12276924 c:FullAccounts 2023-05-01 2024-04-30 12276924 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12276924 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 12276924









JOJI FILMS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
JOJI FILMS LTD
REGISTERED NUMBER: 12276924

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Stocks
  
332,296
-

Debtors: amounts falling due within one year
 4 
10,763
258,640

Cash at bank and in hand
  
188,034
90,376

  
531,093
349,016

Creditors: amounts falling due within one year
 5 
(531,092)
(349,015)

Net current assets
  
 
 
1
 
 
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


The director considers 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 director acknowledges her 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: 




G Chignell
Director

Date: 30 January 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
JOJI FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Joji Films Ltd is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is Witham Reach, Witham Road, Long Bennington, Newark, NG23 5DS.
In the previous year, the company extended its accounting period to 30 April 2023 in line with the stage of completion of the film. The comparative figures cover the period from 1 November 2022 to 30 April 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 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.

 
2.3

Revenue

Turnover comprises production income received. Production income is recognised in the Statement of comprehensive income 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 comprehensive income.

  
2.4

Cost of sales

Production costs incurred in producing a film are recognised in the Statement of comprehensive income as cost of sales in the period in which they are incurred.

Page 2

 
JOJI FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in the Statement of comprehensive income. The current income 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 film 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.

 
2.6

Stocks

Stocks take the form of work in progress. Work in progress relates to direct production costs incurred on productions not yet delivered. Production costs are released to the income statement as soon as the production is delivered and the related sale is recognised.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

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

 
2.8

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.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
JOJI FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Other debtors
6,552
43,684

Tax recoverable
4,211
214,956

10,763
258,640



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,559
67,991

Accruals and deferred income
521,533
281,024

531,092
349,015


 
Page 4