Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-15falseNo description of principal activity10falsetruefalse 14939537 2023-06-14 14939537 2023-06-15 2024-06-30 14939537 2022-06-15 2023-06-14 14939537 2024-06-30 14939537 c:Director1 2023-06-15 2024-06-30 14939537 d:CurrentFinancialInstruments 2024-06-30 14939537 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14939537 d:ShareCapital 2024-06-30 14939537 c:FRS102 2023-06-15 2024-06-30 14939537 c:AuditExempt-NoAccountantsReport 2023-06-15 2024-06-30 14939537 c:FullAccounts 2023-06-15 2024-06-30 14939537 c:PrivateLimitedCompanyLtd 2023-06-15 2024-06-30 14939537 e:PoundSterling 2023-06-15 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 14939537









TOBEFAIR FILMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
TOBEFAIR FILMS LIMITED
REGISTERED NUMBER: 14939537

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2024
Note
£
£

  

Current assets
  

Stocks
 4 
229,176

Debtors: amounts falling due within one year
 5 
95,419

Cash at bank and in hand
  
150,063

  
474,658

Creditors: amounts falling due within one year
 6 
(474,657)

Net current assets
  
 
 
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
  
1

  
1


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 period 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 by: 




Daniel Gordon
Director

Date: 22 May 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
TOBEFAIR FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

ToBeFair Films Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.
The company was incorporated on 15 June 2023.

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

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
2.3

Stocks

Stocks take the form of work in progress. Work in progress relates to direct production costs, net of tax credits, incurred on television programme productions not yet delivered. Production costs are released to the income statement as soon as the production is delivered and the related sale is recognised.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

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

Page 2

 
TOBEFAIR FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

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 plus loans from related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Stocks

2024
£

Work in progress
229,176

229,176


Work in progress comprises costs incurred on TV programme production which has not yet been completed or delivered. These are held at the lower of cost and net realisable value.


5.


Debtors

2024
£


Trade debtors
39,528

Other debtors
795

Tax recoverable
55,096

95,419


Page 3

 
TOBEFAIR FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
5,274

Amounts owed to group undertakings
19,942

Other creditors
428,564

Accruals
20,877

474,657



7.


Related party transactions

The company is exempt from disclosing related party transactions with companies that are wholly owned within its group

 
Page 4