Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3012023-07-01falseNo description of principal activity1truetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04618663 2023-07-01 2024-06-30 04618663 2022-07-01 2023-06-30 04618663 2024-06-30 04618663 2023-06-30 04618663 1 2023-07-01 2024-06-30 04618663 1 2022-07-01 2023-06-30 04618663 d:Director1 2023-07-01 2024-06-30 04618663 e:Buildings 2023-07-01 2024-06-30 04618663 e:Buildings 2024-06-30 04618663 e:Buildings 2023-06-30 04618663 e:Buildings e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04618663 e:FurnitureFittings 2023-07-01 2024-06-30 04618663 e:FurnitureFittings 2024-06-30 04618663 e:FurnitureFittings 2023-06-30 04618663 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04618663 e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04618663 e:CurrentFinancialInstruments 2024-06-30 04618663 e:CurrentFinancialInstruments 2023-06-30 04618663 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 04618663 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 04618663 e:ShareCapital 2024-06-30 04618663 e:ShareCapital 2023-06-30 04618663 e:RetainedEarningsAccumulatedLosses 2024-06-30 04618663 e:RetainedEarningsAccumulatedLosses 2023-06-30 04618663 d:FRS102 2023-07-01 2024-06-30 04618663 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04618663 d:FullAccounts 2023-07-01 2024-06-30 04618663 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04618663 2 2023-07-01 2024-06-30 04618663 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 04618663









M G SHERMAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
M G SHERMAN LIMITED
REGISTERED NUMBER: 04618663

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
187,622
193,958

  
187,622
193,958

Current assets
  

Debtors: amounts falling due within one year
 6 
-
1,202

Cash at bank and in hand
  
39,972
21,054

  
39,972
22,256

Creditors: amounts falling due within one year
 7 
(20,645)
(21,451)

Net current assets
  
 
 
19,327
 
 
805

Total assets less current liabilities
  
206,949
194,763

  

Net assets
  
206,949
194,763


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
206,849
194,663

  
206,949
194,763


Page 1

 
M G SHERMAN LIMITED
REGISTERED NUMBER: 04618663
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 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 4 March 2025.



Martin Sherman
Director

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

Page 2

 
M G SHERMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

M G Sherman Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchely Road, London, NW3 5JS.

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

Revenue

Revenue is recognised at the point in which services for screenwriting is provided and 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.

 
2.3

Interest income

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

 
2.4

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
M G SHERMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

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:

Freehold property
-
2%
straight line
Fixtures & fittings
-
33%
straight line

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.

 
2.6

Debtors

Short term debtors are measured at 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. 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.

 
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 banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Page 4

 
M G SHERMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Other operating income

2024
2023
£
£

Net rents receivable
4,000
4,000

4,000
4,000



4.


Employees

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


5.


Tangible fixed assets





Freehold property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
300,986
15,825
316,811



At 30 June 2024

300,986
15,825
316,811



Depreciation


At 1 July 2023
107,344
15,509
122,853


Charge for the year on owned assets
6,020
316
6,336



At 30 June 2024

113,364
15,825
129,189



Net book value



At 30 June 2024
187,622
-
187,622



At 30 June 2023
193,642
316
193,958


6.


Debtors

Page 5

 
M G SHERMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
£
£


Trade debtors
-
1,202

-
1,202



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
6,660

Corporation tax
10,490
10,997

Other taxation and social security
6,595
150

Other creditors
60
144

Accruals and deferred income
3,500
3,500

20,645
21,451



8.


Related party transactions

At the year end, the company's director  was owed £60 by the company (2023: £144). The loan is interest free, unsecured and repayable on demand. 

 
Page 6