Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2022-11-018truefilm production2 14135086 2022-11-01 2024-04-30 14135086 2022-05-26 2022-10-31 14135086 2024-04-30 14135086 2022-10-31 14135086 c:Director1 2022-11-01 2024-04-30 14135086 c:Director2 2022-11-01 2024-04-30 14135086 d:CurrentFinancialInstruments 2024-04-30 14135086 d:CurrentFinancialInstruments 2022-10-31 14135086 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14135086 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 14135086 d:ShareCapital 2024-04-30 14135086 d:ShareCapital 2022-10-31 14135086 d:RetainedEarningsAccumulatedLosses 2024-04-30 14135086 d:RetainedEarningsAccumulatedLosses 2022-10-31 14135086 c:FRS102 2022-11-01 2024-04-30 14135086 c:AuditExempt-NoAccountantsReport 2022-11-01 2024-04-30 14135086 c:FullAccounts 2022-11-01 2024-04-30 14135086 c:PrivateLimitedCompanyLtd 2022-11-01 2024-04-30 14135086 e:PoundSterling 2022-11-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 14135086









BOUDEG LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
BOUDEG LTD
REGISTERED NUMBER: 14135086

BALANCE SHEET
AS AT 30 APRIL 2024

30 April
31 October
2024
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
37,354
772,988

Cash at bank and in hand
 5 
317
8,457

  
37,671
781,445

Creditors: amounts falling due within one year
 6 
(20,186)
(781,443)

Net current assets
  
 
 
17,485
 
 
2

  

Net assets
  
17,485
2


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
17,483
-

  
17,485
2


Page 1

 
BOUDEG LTD
REGISTERED NUMBER: 14135086
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 period 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 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 29 January 2025.






J M Thakrar
L R Thakrar
Director
Director

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

Page 2

 
BOUDEG LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Boudeg Ltd is a private company limited by shares, registered in England and Wales. The registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex RM3 8EN. The company's principal activity is that of a film production company.

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. 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.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BOUDEG LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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 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 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.

 
2.6

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.

 
2.7

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. 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.

 
2.8

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.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all
Page 4

 
BOUDEG LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 8).


4.


Debtors

30 April
31 October
2024
2022
£
£


Other debtors
37,354
636,780

Prepayments and accrued income
-
136,208

37,354
772,988



5.


Cash and cash equivalents

30 April
31 October
2024
2022
£
£

Cash at bank and in hand
317
8,457


Page 5

 
BOUDEG LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

30 April
31 October
2024
2022
£
£

Trade creditors
10,219
61,567

Other taxation and social security
-
5,710

Other creditors
8,769
463,212

Accruals and deferred income
1,198
250,954

20,186
781,443


The following liabilities were secured:

30 April
31 October
2024
2022
£
£



Other creditors
-
463,212

Details of security provided:

The amount secured in other creditors relates to a production loan that has been secured against the anticipated future film tax credit. 


7.


Related party transactions


30 April
31 October
2024
2022
£
£

Amounts due to connected parties
8,769
-

Amounts due to connected parties are interest free and repayable on demand.

 
Page 6