Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-142024-01-01falsethe management of the business activities of the David Paradine group of companies.44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00693830 2024-01-01 2024-12-31 00693830 2023-01-01 2023-12-31 00693830 2024-12-31 00693830 2023-12-31 00693830 c:Director5 2024-01-01 2024-12-31 00693830 d:OtherPropertyPlantEquipment 2024-12-31 00693830 d:OtherPropertyPlantEquipment 2023-12-31 00693830 d:CurrentFinancialInstruments 2024-12-31 00693830 d:CurrentFinancialInstruments 2023-12-31 00693830 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00693830 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00693830 d:ShareCapital 2024-12-31 00693830 d:ShareCapital 2023-12-31 00693830 d:RetainedEarningsAccumulatedLosses 2024-12-31 00693830 d:RetainedEarningsAccumulatedLosses 2023-12-31 00693830 c:OrdinaryShareClass1 2024-01-01 2024-12-31 00693830 c:OrdinaryShareClass1 2024-12-31 00693830 c:FRS102 2024-01-01 2024-12-31 00693830 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00693830 c:FullAccounts 2024-01-01 2024-12-31 00693830 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00693830 4 2024-01-01 2024-12-31 00693830 6 2024-01-01 2024-12-31 00693830 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00693830














DAVID PARADINE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
DAVID PARADINE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
DAVID PARADINE LIMITED
REGISTERED NUMBER:00693830

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
97,181
97,181

Current assets
  

Debtors: amounts falling due within one year
 6 
1,058,915
1,053,014

Cash at bank and in hand
  
12,388
20,025

  
1,071,303
1,073,039

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,151,919)
(1,148,287)

Net current liabilities
  
 
 
(80,616)
 
 
(75,248)

  

Net assets
  
16,565
21,933


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
16,465
21,833

  
16,565
21,933


The directors consider 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 directors acknowledge their 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 comprehensive income 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 14 May 2025.




Wilfred Frost
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
DAVID PARADINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Company's legal form is that of a private limited company registered in England & Wales. The Company's registered office is 5 Elstree Gate, Elstree Way, Borehamwood, WD6 1JD. 
The principal activity of the Company continued to be that of the management of the business activities of the David Paradine group of companies. The principal activities of the subsidiary companies are the production of cinematographic films and television programmes. 
The Company's functional and presentational currency is £ Sterling.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of programme royalties and services supplied, exclusive of Value Added Tax.
Revenue from services is recognised in the period in which they are delivered. Programme royalties are recognised on an earnings basis. 

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short term debtors are measured at the 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.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 2

 
DAVID PARADINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

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 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.


 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The directors were the only employees during the current and preceding period.



4.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 January 2024
47,211



At 31 December 2024

47,211



Depreciation


At 1 January 2024
47,211



At 31 December 2024

47,211



Net book value



At 31 December 2024
-



At 31 December 2023
-

Page 3

 
DAVID PARADINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2024
97,181



At 31 December 2024

97,181






Net book value



At 31 December 2024
97,181



At 31 December 2023
97,181

Page 4

 
DAVID PARADINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
994
-

Amounts owed by group undertakings
1,049,158
1,046,180

Other debtors
4,429
1,018

Prepayments and accrued income
4,334
5,816

1,058,915
1,053,014



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,549
1,873

Amounts owed to group undertakings
776,008
776,008

Other taxation and social security
4,706
-

Other creditors
355,406
355,406

Accruals and deferred income
11,250
15,000

1,151,919
1,148,287



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



9.


Contingent liabilities

The company is included in the David Paradine Limited group registration for VAT purposes and is therefore jointly and severally liable for all the other group companies' unpaid debts in this connection. At 31 December 2024, the potential liability amounted to £nil (2023 - £nil). 


10.


Controlling party

The directors regard Paradine Holdings Limited, a company registered in England and Wales as the ultimate parent company. There is no ultimate controlling party.

 
Page 5