Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falsefalse11false 11963756 2023-05-01 2024-04-30 11963756 2022-05-01 2023-04-30 11963756 2024-04-30 11963756 2023-04-30 11963756 c:Director1 2023-05-01 2024-04-30 11963756 d:CurrentFinancialInstruments 2024-04-30 11963756 d:CurrentFinancialInstruments 2023-04-30 11963756 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11963756 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11963756 d:ShareCapital 2024-04-30 11963756 d:ShareCapital 2023-04-30 11963756 d:RetainedEarningsAccumulatedLosses 2024-04-30 11963756 d:RetainedEarningsAccumulatedLosses 2023-04-30 11963756 c:FRS102 2023-05-01 2024-04-30 11963756 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11963756 c:FullAccounts 2023-05-01 2024-04-30 11963756 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11963756 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11963756









CTB ENTERPRISES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CTB ENTERPRISES LIMITED
REGISTERED NUMBER: 11963756

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
187,565
169,488

Cash at bank and in hand
  
290
808

  
187,855
170,296

Creditors: amounts falling due within one year
 6 
(204,652)
(183,492)

Net current liabilities
  
 
 
(16,797)
 
 
(13,196)

Total assets less current liabilities
  
(16,797)
(13,196)

  

Net liabilities
  
(16,797)
(13,196)


Capital and reserves
  

Called up share capital 
  
99
99

Profit and loss account
  
(16,896)
(13,295)

  
(16,797)
(13,196)


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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 April 2025.



W Diggins
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
CTB ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

CTB Enterprises Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. 

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.

 
2.2

Going concern

The company is showing net liabilities, at the reporting date. In order to continue trading it is dependent on the continued financial support of its shareholders, who have confirmed their intention to continue to support the company for the foreseeable future.
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result in the withdrawal of the aforementioned support.

 
2.3

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.

 
2.4

Stocks - Production costs

Stocks comprise costs incurred in the development of potential theatre productions, which are stated at the lower of cost and net realisable value.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Page 2

 
CTB ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of the estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that are due for payment.


4.


Employees

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


5.


Stocks

2024
2023
£
£

Production costs
187,565
169,488



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
97,661
89,864

Other creditors
103,991
90,628

Accruals and deferred income
3,000
3,000

204,652
183,492



7.


Related party transactions

During the year the company was recharged production costs totalling £4,331 (2023: £37,391) from Diggit Entertainment Group Inc, a company incorporated in the United States of America, under the common control of W Diggins, the director. At the reporting date the company owed Diggit Entertainment Group Inc, £83,014 (2023: £78,493) which is included in trade payables and £20,268 (2023: £7,092) which is included in other creditors. The balance was provided interest free and is repayable on demand. 
The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.

 
Page 3