Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseNo description of principal activity419truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11341009 2023-03-01 2024-02-29 11341009 2022-03-01 2023-02-28 11341009 2024-02-29 11341009 2023-02-28 11341009 c:Director1 2023-03-01 2024-02-29 11341009 d:CurrentFinancialInstruments 2024-02-29 11341009 d:CurrentFinancialInstruments 2023-02-28 11341009 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11341009 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11341009 d:ShareCapital 2024-02-29 11341009 d:ShareCapital 2023-02-28 11341009 c:FRS102 2023-03-01 2024-02-29 11341009 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11341009 c:FullAccounts 2023-03-01 2024-02-29 11341009 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11341009 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 11341009









KENSUKE'S KINGDOM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
KENSUKE'S KINGDOM LIMITED
REGISTERED NUMBER: 11341009

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,977,840
5,722,022

Debtors: amounts falling due within one year
 5 
49,542
668,339

Cash at bank and in hand
 6 
10,271
104,019

  
3,037,653
6,494,380

Creditors: amounts falling due within one year
 7 
(3,037,651)
(6,494,378)

Net current assets
  
 
 
2
 
 
2

Total assets less current liabilities
  
2
2

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
  
2
2

  
2
2


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 income and retained earnings 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 30 January 2025.



C Deakin
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
KENSUKE'S KINGDOM LIMITED
REGISTERED NUMBER: 11341009
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024


Page 2

 
KENSUKE'S KINGDOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Kensuke's Kingdom Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is 339 Upper Street, London, N1 0PB.

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

Revenue

Revenue comprises production income. Production income is recognised in the Statement of Income and Retained Earnings in the period it is contractually due and expended on production and other costs.

 
2.3

Borrowing costs

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

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.

 
2.5

Stocks

Stocks comprise film production costs, which are recorded as a current asset net of the relevant tax credit.  Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.6

Debtors

Short term debtors are measured at the transaction price, 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.

 
2.8

Creditors

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

Page 3

 
KENSUKE'S KINGDOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

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 other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 19).


4.


Stocks

29 February
28 February
2024
2023
£
£

Film production cost
2,977,840
5,722,022

2,977,840
5,722,022



5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
19,920
-

Other debtors
27,431
96,115

Called up share capital not paid
2
2

Tax recoverable
2,189
572,222

49,542
668,339



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
10,271
104,019

10,271
104,019


Page 4

 
KENSUKE'S KINGDOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other loans
2,871,399
4,137,640

Trade creditors
138
71,217

Amounts owed to group undertakings
10,956
129,365

Other creditors
149,658
149,945

Accruals and deferred income
5,500
2,006,211

3,037,651
6,494,378



8.


Related party transactions

During the year, advances totaling £4,620 were received from a company with common directors. This has been written off as it was no longer payable. At the reporting date, £10,956 (2023: 129,365)  was owed to a company with common directors. The amount is interest free and repayable on demand.


9.


Controlling party

Throughout the period the company was under the control of the directors by virtue of their shareholding

 
Page 5