Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsefalseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05398034 2023-04-01 2024-03-31 05398034 2022-04-01 2023-03-31 05398034 2024-03-31 05398034 2023-03-31 05398034 c:Director1 2023-04-01 2024-03-31 05398034 d:ComputerEquipment 2023-04-01 2024-03-31 05398034 d:ComputerEquipment 2024-03-31 05398034 d:ComputerEquipment 2023-03-31 05398034 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05398034 d:CurrentFinancialInstruments 2024-03-31 05398034 d:CurrentFinancialInstruments 2023-03-31 05398034 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05398034 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05398034 d:ShareCapital 2024-03-31 05398034 d:ShareCapital 2023-03-31 05398034 d:RetainedEarningsAccumulatedLosses 2024-03-31 05398034 d:RetainedEarningsAccumulatedLosses 2023-03-31 05398034 c:FRS102 2023-04-01 2024-03-31 05398034 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05398034 c:FullAccounts 2023-04-01 2024-03-31 05398034 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05398034 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05398034










SCHADENFREUDE PRODUCTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
SCHADENFREUDE PRODUCTIONS LIMITED
REGISTERED NUMBER:05398034

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
78
542

  
78
542

Current assets
  

Cash at bank and in hand
 5 
866
47

  
866
47

Creditors: amounts falling due within one year
 6 
(165,797)
(179,576)

Net current liabilities
  
 
 
(164,931)
 
 
(179,529)

Total assets less current liabilities
  
(164,853)
(178,987)

  

Net liabilities
  
(164,853)
(178,987)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(164,854)
(178,988)

  
(164,853)
(178,987)


Page 1

 
SCHADENFREUDE PRODUCTIONS LIMITED
REGISTERED NUMBER:05398034
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 25 March 2025.




Garrett Millerick
Director

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

Page 2

 
SCHADENFREUDE PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Schadenfreude Productions Limited is a company limited by shares, incorporated in England and Wales. Their registered office is 10 Queen Street Place, London, EC4R 1AG.
The principal activity of the company continues to be that of artistic creation.


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

Going concern

At the end of the year the company had net liabilities of £164,853 (2023: £178,987). The Director has committed to support the company in order that it may meet its liabilities as they fall due for a period of at least 1 year from the date of the signing of the accounts. Therefore the financial statements are prepared on a going concern basis. 

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

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.

Page 3

 
SCHADENFREUDE PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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:

Computer equipment
-
25% 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.

 
2.5

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.

 
2.6

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.


3.


Employees




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

Page 4

 
SCHADENFREUDE PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
4,859



At 31 March 2024

4,859



Depreciation


At 1 April 2023
4,317


Charge for the year
464



At 31 March 2024

4,781



Net book value



At 31 March 2024
78



At 31 March 2023
542


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
866
47



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,599
825

Other creditors
157,442
177,151

Accruals and deferred income
2,756
1,600

165,797
179,576


Included within other creditors is a balance of £157,442 (2023: £177,151) owing to the director.

 
Page 5