Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30false2023-05-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03470585 2023-05-01 2024-04-30 03470585 2022-05-01 2023-04-30 03470585 2024-04-30 03470585 2023-04-30 03470585 c:Director1 2023-05-01 2024-04-30 03470585 d:PlantMachinery 2023-05-01 2024-04-30 03470585 d:PlantMachinery 2024-04-30 03470585 d:PlantMachinery 2023-04-30 03470585 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03470585 d:CurrentFinancialInstruments 2024-04-30 03470585 d:CurrentFinancialInstruments 2023-04-30 03470585 d:Non-currentFinancialInstruments 2024-04-30 03470585 d:Non-currentFinancialInstruments 2023-04-30 03470585 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03470585 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03470585 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03470585 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03470585 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 03470585 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 03470585 d:ShareCapital 2024-04-30 03470585 d:ShareCapital 2023-04-30 03470585 d:SharePremium 2024-04-30 03470585 d:SharePremium 2023-04-30 03470585 d:RetainedEarningsAccumulatedLosses 2024-04-30 03470585 d:RetainedEarningsAccumulatedLosses 2023-04-30 03470585 c:OrdinaryShareClass1 2023-05-01 2024-04-30 03470585 c:OrdinaryShareClass1 2024-04-30 03470585 c:OrdinaryShareClass1 2023-04-30 03470585 c:FRS102 2023-05-01 2024-04-30 03470585 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03470585 c:FullAccounts 2023-05-01 2024-04-30 03470585 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03470585 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03470585














WATERMARK FILMS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 APRIL 2024

 
WATERMARK FILMS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
WATERMARK FILMS LIMITED
REGISTERED NUMBER:03470585

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,717
5,998

Current assets
  

Debtors: amounts falling due within one year
 5 
64,420
16,795

Cash at bank and in hand
  
482
75

  
64,902
16,870

  

Creditors: amounts falling due within one year
 6 
(97,523)
(59,104)

Net current liabilities
  
 
 
(32,621)
 
 
(42,234)

Total assets less current liabilities
  
(30,904)
(36,236)

Creditors: amounts falling due after more than one year
 7 
(5,448)
(7,095)

  

Net liabilities
  
(36,352)
(43,331)


Capital and reserves
  

Called up share capital 
 9 
6,517
6,517

Share premium account
  
295,363
295,363

Profit and loss account
  
(338,232)
(345,211)

  
(36,352)
(43,331)


Page 1

 
WATERMARK FILMS LIMITED
REGISTERED NUMBER:03470585
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 6 February 2025.




M W L MacIntyre
Director

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

Page 2

 
WATERMARK FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Watermark Films Limited is a private company limited by shares and incorporated in England. Its registered office 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The financial statements are presented in £ Sterling, which is the functional currency of the Company.
The principal activity of the Company continued to be that of acquiring scripts, options and ideas for film (movie picture) production.

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which is dependant upon the continued support of the Director. In view of this, the director considers it appropriate to adopt a going concern basis in preparing these financial statements. The financial statements do not include any adjustment that would result, should continuing support cease to be available.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Revenue is recognised when the service is provided.

 
2.4

Tangible fixed assets

Tangible fixed assets are under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment loss. 

Page 3

 
WATERMARK FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
25%

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.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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


3.


Employees

The average monthly number of employees, including the Director, during the year was as follows:


        2024
        2023
            No.
            No.







Director
1
1

Page 4

 
WATERMARK FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 May 2023
9,043


Disposals
(6,645)



At 30 April 2024

2,398



Depreciation


At 1 May 2023
3,045


Charge for the year on owned assets
600


Disposals
(2,964)



At 30 April 2024

681



Net book value



At 30 April 2024
1,717



At 30 April 2023
5,998


5.


Debtors

2024
2023
£
£


Trade debtors
64,420
16,795



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,405
3,405

Trade creditors
49,750
8,333

Other creditors
41,110
44,264

Accruals and deferred income
3,258
3,102

97,523
59,104


Page 5

 
WATERMARK FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,448
7,095



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,405
3,405


Amounts falling due 2-5 years

Bank loans
5,448
7,095


8,853
10,500



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



65,168 (2023 - 65,168) Ordinary shares of £0.10 each
6,517
6,517


 
Page 6