Company Registration No. 12998612 (England and Wales)
Little Island Productions (WOTS2) Limited
Annual report and financial statements
for the period ended 30 June 2024
Little Island Productions (WOTS2) Limited
Company information
Director
Ellen Flint
Company number
12998612
Registered office
20 Greek Street
London
W1D 4DU
Independent auditor
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Little Island Productions (WOTS2) Limited
Contents
Page
Strategic report
1
Director's report
2
Director's responsibilities statement
3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Statement of financial position
8
Statement of changes in equity
9
Notes to the financial statements
10 - 16
Little Island Productions (WOTS2) Limited
Strategic report
For the period ended 30 June 2024
1
The director presents the strategic report for the period ended 30 June 2024.
Fair review of the business
During the period the company was involved in the production of a television programme. The company made a profit before tax of £nil during the period (period ended 30 September 2023 £nil), and at the period end it had net assets of £1 (30 September 2023: £1).
Principal risks and uncertainties
The Little Island group manages business and financial risk and uncertainties at group level, rather than on an individual company basis and for this reason the directors believe the Company has reduced exposure to business and financial risks.
Development and performance
The directors do not envisage any significant future developments for the company that would significantly impact its ability to continue to operate and grow.
Key performance indicators
The director considers the company's key financial performance indicator to be whether the television programme is produced in line with the agreed budgets. At the period end, the television programme being produced had an estimated final cost in line with the agreed budget plus approved overages once COVID related additional expenditure has been taken into account.
Other performance indicators
The director considers the company's key financial performance indicators to be whether the programme is produced in line with the agreed budget. At the year end, the cost of the programme was in line with the budget plus approved overages.
The director considers the company's key non-financial performance indicator to be whether the programme being produced will qualify as British. This is required in order to access the High End Television Tax credit. The programme has received a final British High End Television Certificate in respect of the series it produced, therefore the director considers that this indicator has been met.
Ellen Flint
Director
27 February 2025
Little Island Productions (WOTS2) Limited
Director's report
For the period ended 30 June 2024
2
The director presents her annual report and financial statements for the period ended 30 June 2024.
Principal activities
The principal activity of the company is that of television programme production.
Results and dividends
The results for the period are set out on Page 7.
No ordinary dividends were paid (period ended 30 September 2023: £nil). The director does not recommend payment of a final dividend (period ended 30 September 2023: £nil).
Director
The director who held office during the period and up to the date of signature of the financial statements was as follows:
Ellen Flint
Going concern
In preparing the financial statements of the company, the directors have made an assessment of the next twelve months performance from signing date and consider preparation on a basis other than going concern appropriate (see Note 1).
Auditor
The auditor, Saffery LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
On behalf of the board
Ellen Flint
Director
27 February 2025
Little Island Productions (WOTS2) Limited
Director's responsibilities statement
For the period ended 30 June 2024
3
The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Little Island Productions (WOTS2) Limited
Independent auditor's report
To the members of Little Island Productions (WOTS2) Limited
4
Opinion
We have audited the financial statements of Little Island Productions (WOTS2) Limited (the 'company') for the period ended 30 June 2024 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its profit for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We draw attention to Note 1.3 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 1.3. Our opinion is not modified in respect of this matter.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the strategic report and the director's report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the director's report have been prepared in accordance with applicable legal requirements.
Little Island Productions (WOTS2) Limited
Independent auditor's report (continued)
To the members of Little Island Productions (WOTS2) Limited
5
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of director
As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.
Identifying and assessing risks related to irregularities:
We assessed the susceptibility of the company’s financial statements to material misstatement and how fraud might occur, including through discussions with the director, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the company by discussions with director and by updating our understanding of the sector in which the company operates.
Laws and regulations of direct significance in the context of the company include The Companies Act 2006 and UK Tax legislation, specifically legislation relating to creative industry tax credits.
Audit response to risks identified
We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance. We have reviewed management's assessment of how the company, and production, comply with the relevant laws and regulations governing access to the creative industry tax credits.
Little Island Productions (WOTS2) Limited
Independent auditor's report (continued)
To the members of Little Island Productions (WOTS2) Limited
6
During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Darren Drake
Senior Statutory Auditor
For and on behalf of Saffery LLP
5 March 2025
Accountants
Statutory Auditors
71 Queen Victoria Street
London
EC4V 4BE
Little Island Productions (WOTS2) Limited
Statement of comprehensive income
For the period ended 30 June 2024
7
Period
Period
ended
ended
30 June
30 September
2024
2023
Notes
£
£
Turnover
3
803,255
14,580,394
Cost of sales
(537,397)
(19,763,614)
Gross profit/(loss)
265,858
(5,183,220)
Administrative expenses
(29,372)
6,000
Profit/(loss) before taxation
236,486
(5,177,220)
Tax on profit/(loss)
6
(236,486)
5,177,220
Profit for the financial period
The income statement has been prepared on the basis that all operations are continuing operations.
Little Island Productions (WOTS2) Limited
Statement of financial position
As at 30 June 2024
8
30 June 2024
30 September 2023
Notes
£
£
£
£
Current assets
Debtors
7
8,311,466
10,576,075
Cash at bank and in hand
7,119,153
5,319,381
15,430,619
15,895,456
Creditors: amounts falling due within one year
8
(15,430,618)
(15,895,455)
Net current assets
1
1
Capital and reserves
-
-
Called up share capital
10
1
1
The financial statements were approved and signed by the director and authorised for issue on 27 February 2025.
Ellen Flint
Director
Company Registration No. 12998612
Little Island Productions (WOTS2) Limited
Statement of changes in equity
For the period ended 30 June 2024
9
Share capital
£
Balance at 1 July 2022
1
Period ended 30 September 2023:
Profit and total comprehensive income for the period
-
Balance at 30 September 2023
1
Period ended 30 June 2024:
Profit and total comprehensive income for the period
-
Balance at 30 June 2024
1
Little Island Productions (WOTS2) Limited
Notes to the financial statements
For the period ended 30 June 2024
10
1
Accounting policies
Company information
Little Island Productions (WOTS2) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Greek Street, London, W1D 4DU.
1.1
Reporting period
The reporting period is 9 months, beginning on 1 October 2023 and ending on 30 June 2024. The shorter period is to align with the wider group.
The prior period was 15 months, beginning on 1 July 2022 and ending on 30 September 2023 and is therefore not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The financial statements of the company are consolidated in the financial statements of Little Island Productions Limited. These consolidated financial statements are available from its registered office, 71 Queen Victoria Street, London, ECV 4BE.
1.3
Going concern
The directors do not believe it is necessary to keep the company open and trading for at least 12 months from the balance sheet date. As a result, the financial statements have been prepared on a break up basis.true
Little Island Productions (WOTS2) Limited
Notes to the financial statements (continued)
For the period ended 30 June 2024
1
Accounting policies (continued)
11
1.4
Turnover
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Value of work done in respect of long-term contracts for on-going services is determined by reference to the stage of completion.
Revenue from contracts is recognised by reference to the stage of completion when this, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual staff rates and production costs, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Little Island Productions (WOTS2) Limited
Notes to the financial statements (continued)
For the period ended 30 June 2024
1
Accounting policies (continued)
12
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax credit represents the sum of the tax currently receivable.
Current tax
The tax currently recoverable is based on relievable losses arising in the period as the result of High End Television tax relief legislation. Relievable losses differ from net losses as reported in the statement of comprehensive income because they include an additional deduction relating to qualifying television development expenditure and exclude items of income or expense that are taxable or deductible in other periods, as well as items that are never taxable or deductible. The company's tax position is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Little Island Productions (WOTS2) Limited
Notes to the financial statements (continued)
For the period ended 30 June 2024
1
Accounting policies (continued)
13
1.11
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
HETV tax credit estimate
The key accounting estimate within the financial statements for this company is the valuation of the HETV tax credit available. The estimate is based on the assessment of the value of qualifying expenditure as per the HMRC legislation and guidance plus assessment of the qualification of the underlying production as eligible for the tax relief,
In the director's opinion, there were no other critical judgements or other estimation uncertainties in these financial statements.
3
Turnover
Period
Period
ended
ended
30 June
30 September
2024
2023
£
£
Turnover analysed by class of business
Sale of programme rights
803,255
14,580,394
2024
2023
£
£
Turnover analysed by geographical market
United Kingdom
803,255
14,580,394
Little Island Productions (WOTS2) Limited
Notes to the financial statements (continued)
For the period ended 30 June 2024
14
4
Operating profit/(loss)
Period
Period
ended
ended
30 June
30 September
2024
2023
Operating profit/(loss) for the period is stated after charging/(crediting):
£
£
Exchange gains
(9,128)
(36,000)
Fees payable to the company's auditor for the audit of the company's financial statements
28,500
18,000
5
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
Period
Period
ended
ended
2024
2023
Number
Number
Production
17
Their aggregate remuneration comprised:
2024
2023
£
£
Wages and salaries
24,647
1,355,828
Social security costs
3,087
167,743
Pension costs
330
19,830
28,064
1,543,401
6
Taxation
Period
Period
ended
ended
30 June
30 September
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
236,486
(5,177,220)
Little Island Productions (WOTS2) Limited
Notes to the financial statements (continued)
For the period ended 30 June 2024
6
Taxation (continued)
15
The actual charge/(credit) for the period can be reconciled to the expected charge/(credit) for the period based on the profit or loss and the standard rate of tax as follows:
2024
2023
£
£
Profit/(loss) before taxation
236,486
(5,177,220)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25.00% (2023: 21.40%)
59,122
(1,107,925)
Enhanced losses arising from the HETV tax credit
(76,630)
(4,219,372)
Difference between the rate of corporation tax and the rate of relief under the HETV tax credit
(745,520)
Losses carried forward
2,948
895,597
Prior year adjustment
251,046
Taxation charge/(credit) for the period
236,486
(5,177,220)
7
Debtors
30 June
30 September
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
4,940,734
5,177,220
Other debtors
3,370,732
5,398,855
8,311,466
10,576,075
8
Creditors: amounts falling due within one year
30 June
30 September
2024
2023
£
£
Amounts owed to group undertakings
15,399,246
14,623,866
Other creditors
541
605,350
Accruals and deferred income
30,831
666,239
15,430,618
15,895,455
Little Island Productions (WOTS2) Limited
Notes to the financial statements (continued)
For the period ended 30 June 2024
16
9
Retirement benefit schemes
Period
Period
ended
ended
30 June
30 September
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
330
19,830
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
10
Share capital
30 June
30 September
30 June
30 September
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
11
Related party transactions
The company has taken advantage of the exemption available under FRS 102 Section 33.1A whereby disclosure need not be given of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.
12
Ultimate controlling party
The company's immediate parent company is Little Island Productions Limited, which is a company incorporated in England and Wales, with a registered office at 71 Queen Victoria Street, London, England, EC4V 4BE.
The director does not consider there to be an ultimate controlling party.
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