Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302023-05-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14019384 2023-05-01 2024-04-30 14019384 2022-05-01 2023-04-30 14019384 2024-04-30 14019384 2023-04-30 14019384 c:Director1 2023-05-01 2024-04-30 14019384 d:ComputerEquipment 2023-05-01 2024-04-30 14019384 d:ComputerEquipment 2024-04-30 14019384 d:ComputerEquipment 2023-04-30 14019384 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14019384 d:CurrentFinancialInstruments 2024-04-30 14019384 d:CurrentFinancialInstruments 2023-04-30 14019384 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14019384 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14019384 d:ShareCapital 2024-04-30 14019384 d:ShareCapital 2023-04-30 14019384 d:RetainedEarningsAccumulatedLosses 2024-04-30 14019384 d:RetainedEarningsAccumulatedLosses 2023-04-30 14019384 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 14019384 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 14019384 c:OrdinaryShareClass1 2023-05-01 2024-04-30 14019384 c:OrdinaryShareClass1 2024-04-30 14019384 c:OrdinaryShareClass1 2023-04-30 14019384 c:FRS102 2023-05-01 2024-04-30 14019384 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14019384 c:FullAccounts 2023-05-01 2024-04-30 14019384 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14019384 2 2023-05-01 2024-04-30 14019384 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14019384














MARIANNE FAITHFULL LIMITED 

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
MARIANNE FAITHFULL LIMITED
REGISTERED NUMBER:14019384

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,626
2,474

  
1,626
2,474

Current assets
  

Work in progress
 5 
274,809
244,027

Debtors: amounts falling due within one year
 6 
8,055
10,029

Cash at bank and in hand
 7 
5,711
5,892

  
288,575
259,948

Creditors: amounts falling due within one year
 8 
(330,148)
(275,195)

Net current liabilities
  
 
 
(41,573)
 
 
(15,247)

Total assets less current liabilities
  
(39,947)
(12,773)

Provisions for liabilities
  

Deferred tax
 9 
-
(636)

  
 
 
-
 
 
(636)

Net liabilities
  
(39,947)
(13,409)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(40,047)
(13,509)

  
(39,947)
(13,409)

Page 1

 
MARIANNE FAITHFULL LIMITED
REGISTERED NUMBER:14019384
    
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: 




B Earl
Director

Date: 28 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Marianne Faithfull Limited is a private company, limited by shares, registered in England and Wales, registration number 14019384. The registered address of the company is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of artist creation, including the production of a feature length film documentary for theatrical release.

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.

 
2.2

Going concern

On the basis of information and enquiries that are pertinent to the company's circumstances and which the director believes to be adequate, it is appropirate to continue to treat the company as a going concern. In particular the director believes that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.4

Operating lease commitment

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

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

Page 3

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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:

Computer equipment
-
33%
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.

 
2.8

Work in progress

Work in progress represents the costs incurred to date associated with producing the film. Production costs are recognised to the profit and loss account when the relevant film is released by the company.

 
2.9

Debtors

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

Page 4

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

 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.

 
2.12

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees

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


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2023
2,545



At 30 April 2024

2,545



Depreciation


At 1 May 2023
71


Charge for the year
848



At 30 April 2024

919



Net book value



At 30 April 2024
1,626



At 30 April 2023
2,474

Page 5

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Work in progress

2024
2023
£
£

Work in progress
274,809
244,027



6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
393
393

Other debtors
4,956
6,830

Prepayments
2,706
2,806

8,055
10,029



7.


Cash

2024
2023
£
£

Cash at bank and in hand
5,711
5,892



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
-
7,669

Amounts owed to connected entities
123,623
117,785

Other creditors
195,833
143,091

Accruals
10,692
6,650

330,148
275,195


Page 6

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Deferred taxation




2024


£






At beginning of year
636


Charged to profit or loss
(636)



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed asset timing differences
-
636


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



11.


Commitments under operating leases

At 30 April 2024, the company had future minimum lease payments due under non-cancellable operating leases of £32,262 (2023 - £45,609).
 

12.


Transactions with the director

During the year, the director advanced £42,023 to the company. At the year end, the company owed £185,833 (2023 - £143,091) to the director. The loan is unsecured, interest free and repayable on demand.


13.


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, as the company is itself a wholly owned subsidiary of Rustic Canyon Limited.

 
Page 7