Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-122024-07-121false2023-03-31No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14279148 2023-03-31 2024-07-12 14279148 2022-08-05 2023-03-30 14279148 2024-07-12 14279148 2023-03-30 14279148 c:Director1 2023-03-31 2024-07-12 14279148 d:CurrentFinancialInstruments 2024-07-12 14279148 d:CurrentFinancialInstruments 2023-03-30 14279148 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-12 14279148 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 14279148 d:ShareCapital 2024-07-12 14279148 d:ShareCapital 2023-03-30 14279148 c:FRS102 2023-03-31 2024-07-12 14279148 c:AuditExempt-NoAccountantsReport 2023-03-31 2024-07-12 14279148 c:FullAccounts 2023-03-31 2024-07-12 14279148 c:PrivateLimitedCompanyLtd 2023-03-31 2024-07-12 14279148 e:PoundSterling 2023-03-31 2024-07-12 iso4217:GBP xbrli:pure

Registered number: 14279148









MODI PRODUCTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 12 JULY 2024

 
MODI PRODUCTIONS LTD
REGISTERED NUMBER: 14279148

STATEMENT OF FINANCIAL POSITION
AS AT 12 JULY 2024

12 July
30 March
2024
2023
Note
£
£

  

Current assets
  

Stocks
  
12,131,681
-

Debtors: amounts falling due within one year
 4 
752,774
-

Cash at bank and in hand
 5 
17,299
100

  
12,901,754
100

Creditors: amounts falling due within one year
 6 
(12,901,654)
-

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


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 Period 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 14 March 2025.



B Navidi
Director

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

 
MODI PRODUCTIONS LTD
REGISTERED NUMBER: 14279148
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 12 JULY 2024


Page 2

 
MODI PRODUCTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 JULY 2024

1.


General information

Modi Productions Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is Suit G041 Quality Court, Chancery lane, London, WC2A 1HR.

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

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period 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.

Page 3

 
MODI PRODUCTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 JULY 2024

2.Accounting policies (continued)

 
2.8

Creditors

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


3.


Employees

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


4.


Debtors

12 July
30 March
2024
2023
£
£


Other debtors
286,306
-

Tax recoverable
466,468
-

752,774
-



5.


Cash and cash equivalents

12 July
30 March
2024
2023
£
£

Cash at bank and in hand
17,299
100

Less: bank overdrafts
(34,389)
-

(17,090)
100


Page 4

 
MODI PRODUCTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 JULY 2024

6.


Creditors: Amounts falling due within one year

12 July
30 March
2024
2023
£
£

Bank overdrafts
34,389
-

Trade creditors
19,800
-

Other taxation and social security
33,668
-

Other creditors
12,317,795
-

Accruals and deferred income
496,002
-

12,901,654
-



7.


Controlling party

Throughout the period, the company was under the control of the director by virtue of his shareholding.

 
Page 5