5 28 March 2025 false false false false false false false false false false true false false false false true false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2 101 103 103 2 xbrli:pure xbrli:shares iso4217:GBP 13246023 2023-04-01 2024-03-31 13246023 2024-03-31 13246023 2023-03-31 13246023 2022-04-01 2023-03-31 13246023 2023-03-31 13246023 2022-03-31 13246023 bus:Director1 2023-04-01 2024-03-31 13246023 core:WithinOneYear 2024-03-31 13246023 core:WithinOneYear 2023-03-31 13246023 core:ShareCapital 2024-03-31 13246023 core:ShareCapital 2023-03-31 13246023 core:RetainedEarningsAccumulatedLosses 2024-03-31 13246023 core:RetainedEarningsAccumulatedLosses 2023-03-31 13246023 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 13246023 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 13246023 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 13246023 core:Non-currentFinancialInstruments 2024-03-31 13246023 core:Non-currentFinancialInstruments 2023-03-31 13246023 bus:SmallEntities 2023-04-01 2024-03-31 13246023 bus:Audited 2023-04-01 2024-03-31 13246023 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13246023 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13246023 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 13246023
Brouhaha Entertainment UK Ltd
Filleted Financial Statements
31 March 2024
Brouhaha Entertainment UK Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
103
2
Current assets
Stocks
971,586
607,868
Debtors
6
67,086
69,458
Cash at bank and in hand
89,068
16,726
------------
---------
1,127,740
694,052
Creditors: amounts falling due within one year
7
1,722,883
910,647
------------
---------
Net current liabilities
595,143
216,595
---------
---------
Total assets less current liabilities
( 595,040)
( 216,593)
---------
---------
Net liabilities
( 595,040)
( 216,593)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 595,140)
( 216,693)
---------
---------
Shareholder deficit
( 595,040)
( 216,593)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Ms Gabrielle Tana
Director
Company registration number: 13246023
Brouhaha Entertainment UK Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, Middlesex, HA3 0AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Brouhaha Entertainment Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent of the expenses recognised that it is probable they will be recovered.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Stocks
Stocks is work in progress and represents development costs of potential film/television productions. The costs are recorded at the lower of cost and net realisable value and are net of Value Added Tax.
Financial instruments
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 entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2023
2
Additions
101
----
At 31 March 2024
103
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
103
----
At 31 March 2023
2
----
6. Debtors
2024
2023
£
£
Trade debtors
22,023
45,766
Amounts owed by group undertakings and undertakings in which the company has a participating interest
8,306
Other debtors
45,063
15,386
--------
--------
67,086
69,458
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
248
121
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,249,254
846,166
Social security and other taxes
10,953
23,905
Other creditors
462,428
40,455
------------
---------
1,722,883
910,647
------------
---------
Other creditors includes £205,110 production advances which are only repayable on the first day of principal photography or on completion of production financing of the associated project.
8. Summary audit opinion
The auditor's report dated 28 March 2025 was unqualified .
The senior statutory auditor was Chirag Sirish Malde (FCCA) , for and on behalf of Malde & Co .
9. Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. One of the Company's directors also serves as a director of Magnolia Mae Films Limited. During the period Magnolia Mae Films Limited lent £23,715 (2023: £21,255) to the Company to pay for production costs for various projects. The amount outstanding at the period end was £23,715 (2023: £21,255), which is only payable out of the income generated from the exploitation of the films.
10. Controlling party
The company's ultimate parent company and ultimate controlling party is Brouhaha Entertainment Limited a company incorporated in England and Wales. The parent undertaking of the largest and smallest group, which includes the company and for which group accounts are prepared is, Brouhaha Entertainment Limited , a company incorporated in the UK.