Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-3012023-05-01falseThe principal activity of the company continued to be that of a theatre production company1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03796787 2023-05-01 2024-04-30 03796787 2022-05-01 2023-04-30 03796787 2024-04-30 03796787 2023-04-30 03796787 c:Director1 2023-05-01 2024-04-30 03796787 d:CurrentFinancialInstruments 2024-04-30 03796787 d:CurrentFinancialInstruments 2023-04-30 03796787 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03796787 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03796787 d:ShareCapital 2024-04-30 03796787 d:ShareCapital 2023-04-30 03796787 d:RetainedEarningsAccumulatedLosses 2024-04-30 03796787 d:RetainedEarningsAccumulatedLosses 2023-04-30 03796787 c:OrdinaryShareClass1 2023-05-01 2024-04-30 03796787 c:OrdinaryShareClass1 2024-04-30 03796787 c:OrdinaryShareClass1 2023-04-30 03796787 c:FRS102 2023-05-01 2024-04-30 03796787 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03796787 c:FullAccounts 2023-05-01 2024-04-30 03796787 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03796787 d:Subsidiary1 2023-05-01 2024-04-30 03796787 d:Subsidiary1 1 2023-05-01 2024-04-30 03796787 d:Subsidiary2 2023-05-01 2024-04-30 03796787 d:Subsidiary2 1 2023-05-01 2024-04-30 03796787 6 2023-05-01 2024-04-30 03796787 3 2024-04-30 03796787 3 2023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03796787














FRIEDMAN PRODUCTIONS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
FRIEDMAN PRODUCTIONS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
FRIEDMAN PRODUCTIONS LIMITED
REGISTERED NUMBER:03796787

BALANCE SHEET
AS AT 30 APRIL 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
473,647
559,023

  
473,647
559,023

Current assets
  

Debtors: amounts falling due within one year
 5 
1,783,736
2,564,870

Cash at bank and in hand
 6 
13,113,646
10,636,609

  
14,897,382
13,201,479

Creditors: amounts falling due within one year
 7 
(2,432,455)
(3,272,331)

Net current assets
  
 
 
12,464,927
 
 
9,929,148

Total assets less current liabilities
  
12,938,574
10,488,171

  

Net assets
  
12,938,574
10,488,171


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
12,938,572
10,488,169

  
12,938,574
10,488,171


1

 
FRIEDMAN PRODUCTIONS LIMITED
REGISTERED NUMBER:03796787
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 her 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 profit and loss account 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 by: 




S A P Friedman
Director

Date: 28 April 2025

The notes on pages 3 to 6 form part of these financial statements.

2

 
FRIEDMAN PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Friedman Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 03796787. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of a theatre production company

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises of revenue recognised by the company to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. 
Turnover consist of amounts receivable for royalty income and profit shares and is measured at fair value of the consideration received or receivable, excluding value added tax. 

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

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. 

3

 
FRIEDMAN PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

 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 other third parties, loans to and from related parties and investments in ordinary shares.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost


At 1 May 2023 (as previously stated)
2
820
822


Prior Year Adjustment

-
558,201
558,201


At 1 May 2023 (as restated)
2
559,021
559,023


Additions
-
366,705
366,705


Disposals
-
(312,122)
(312,122)



At 30 April 2024

2
613,604
613,606



Impairment


Charge for the period
-
139,959
139,959



At 30 April 2024

-
139,959
139,959



Net book value



At 30 April 2024
2
473,645
473,647



At 30 April 2023 (as restated)
2
559,021
559,023

4

 
FRIEDMAN PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Registered office

Class of shares

Holding

FPL (Investment) Limited
England and Wales
Ordinary
100%
Friedman Productions (US), Inc.
United States of America
Ordinary
100%

Friedman Productions (US), Inc was dissolved on 9 October 2024.

5.


Debtors

2024
2023
£
£


Trade debtors
16,108
20,575

Amounts owed by group undertakings
880,232
1,081,146

Other debtors
545,183
64,493

Accrued income
342,213
1,398,656

1,783,736
2,564,870



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,113,646
10,636,609



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,100
7,621

Corporation tax
407,802
430,661

Other taxation and social security
87,166
111,853

Other creditors
1,871,187
2,716,033

Accruals
64,200
6,163

2,432,455
3,272,331


5

 
FRIEDMAN PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



9.


Prior year adjustment

Fixed asset investments were previously presented as current asset investments. The comparatives in the accounts have been adjusted to reclassify £480,245 as fixed asset investments. This had no impact to the profit of the company.
Current asset investments in prior year were understated by £77,956 recognised previously in exchange losses. The comparatives in the accounts have been adjusted to present correct amount of fixed assets investments, following reclassification mentioned in first paragraph. This resulted in an increase to the prior period’s profit by the same amount.


10.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.
At the year end, included within other creditors, is an amount of £1,730,122 (2023 - £2,492,606) due to the director. The loan is interest free and repayable on demand.

 
6