Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity11truefalse SC449456 2023-07-01 2024-06-30 SC449456 2022-07-01 2023-06-30 SC449456 2024-06-30 SC449456 2023-06-30 SC449456 c:Director1 2023-07-01 2024-06-30 SC449456 d:Buildings 2024-06-30 SC449456 d:Buildings 2023-06-30 SC449456 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC449456 d:MotorVehicles 2023-07-01 2024-06-30 SC449456 d:MotorVehicles 2024-06-30 SC449456 d:MotorVehicles 2023-06-30 SC449456 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC449456 d:OfficeEquipment 2023-07-01 2024-06-30 SC449456 d:OfficeEquipment 2024-06-30 SC449456 d:OfficeEquipment 2023-06-30 SC449456 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC449456 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 SC449456 d:OtherPropertyPlantEquipment 2024-06-30 SC449456 d:OtherPropertyPlantEquipment 2023-06-30 SC449456 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC449456 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC449456 d:CurrentFinancialInstruments 2024-06-30 SC449456 d:CurrentFinancialInstruments 2023-06-30 SC449456 d:Non-currentFinancialInstruments 2024-06-30 SC449456 d:Non-currentFinancialInstruments 2023-06-30 SC449456 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC449456 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC449456 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC449456 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC449456 d:ShareCapital 2024-06-30 SC449456 d:ShareCapital 2023-06-30 SC449456 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC449456 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC449456 c:FRS102 2023-07-01 2024-06-30 SC449456 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC449456 c:FullAccounts 2023-07-01 2024-06-30 SC449456 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC449456 2 2023-07-01 2024-06-30 SC449456 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: SC449456









HEX MEDIA LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
HEX MEDIA LTD
REGISTERED NUMBER: SC449456

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
85,491
91,450

  
85,491
91,450

Current assets
  

Stocks
 5 
274,062
152,588

Debtors: amounts falling due within one year
 6 
57,041
178,145

Cash at bank and in hand
 7 
43,153
68,375

  
374,256
399,108

Creditors: amounts falling due within one year
 8 
(310,518)
(171,558)

Net current assets
  
 
 
63,738
 
 
227,550

Total assets less current liabilities
  
149,229
319,000

Creditors: amounts falling due after more than one year
 9 
(422,214)
(447,214)

  

Net liabilities
  
(272,985)
(128,214)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(272,986)
(128,215)

  
(272,985)
(128,214)


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.

Page 1

 
HEX MEDIA LTD
REGISTERED NUMBER: SC449456
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




L Brewster
Director

Page 2

 
HEX MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Hex Media Ltd is a private company limited by shares and registered in Scotland. The address of its registered office and principal place of business is 106 Harriet Street, Kirkcaldy, KY1 2AG.

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 Statement of Financial Position date the company had net liabilities of £272,985 and is dependent on the support of its creditors who have confirmed their intention to support the company. As a result the director believes it is appropriate to prepare the accounts on the going concern basis.

 
2.3

Revenue

Revenue comprises distribution revenue receivable and sale of merchandise. Revenue is recognised in the statement of income and retained earnings in the period it is contractually due.

 
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.

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:

Motor vehicles
-
5 year straight line
Office equipment
-
3 year straight line
Freehold improvements
-
5 year 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.

Page 3

 
HEX MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the statement of income and retained earnings over the period in which rights to the relevant film are being exploited by the Company.

 
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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.10

Interest income

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

 
2.11

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 enhanceable expenditure and carries losses arising from total net costs forward against future profits.

Page 4

 
HEX MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

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


4.


Tangible fixed assets





Freehold property
Motor vehicles
Office equipment
Freehold improvements
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
70,000
7,900
35,502
26,101
139,503



At 30 June 2024

70,000
7,900
35,502
26,101
139,503



Depreciation


At 1 July 2023
-
3,160
35,105
9,788
48,053


Charge for the year on owned assets
-
1,580
300
4,079
5,959



At 30 June 2024

-
4,740
35,405
13,867
54,012



Net book value



At 30 June 2024
70,000
3,160
97
12,234
85,491



At 30 June 2023
70,000
4,740
397
16,313
91,450


5.


Stocks

2024
2023
£
£

Film production costs
274,062
152,588

274,062
152,588


Page 5

 
HEX MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Other debtors
23,806
145,203

Tax recoverable
33,235
32,942

57,041
178,145



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
43,153
68,375

43,153
68,375



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
303,518
166,808

Accruals and deferred income
7,000
4,750

310,518
171,558



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
422,214
447,214

422,214
447,214


Page 6

 
HEX MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Related party transactions

At the reporting date £18,205 (2023: £11,935) was due to L Brewster, the director and sole shareholder of the company. The loan is repayable on demand and not interest bearing.
At the reporting date £38,373 (2023: £38,373) was due to Pathhead Studios Ltd, a company of which L Brewster is also a director. The loan is repayable on demand and not interest bearing.
At the reporting date £Nil (2022: £11,810) was due from Black Church Productions Ltd, a company of which L Brewster was also a director. The loan is repayable on demand and not interest bearing.
At the reporting date £4,250 (2023: £19,800) was due from Green Hotel Movie Ltd, a company of which L Brewster was also a director. The loan is repayable on demand and not interest bearing.
At the reporting date £10,000 (2023: £Nil) was due from Medical Macabre Ltd, a company of which L Brewster was also a director. The loan is repayable on demand and not interest bearing.
At the reporting date £Nil (2023: £113,000) was due from Dark Tales Ltd, a company of which L Brewster was also a director. The loan is repayable on demand and not interest bearing.
At the reporting date £214,440 (2023: £79,000) was due to Church Films Post Production Ltd, a company of which L Brewster was also a director. The loan is repayable on demand and not interest bearing.
At the reporting date £Nil (2023: £5,000) was due to Hellion Pictures Ltd, a company of which L Brewster was also a director. The loan is repayable on demand and not interest bearing.


11.


Controlling party

Throughout the current and preceeding year, the company was under the control of L Brewster, the sole director of the company, by virtue of his shareholding.

 
Page 7