Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-222023-07-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03321271 2023-07-01 2024-06-30 03321271 2022-07-01 2023-06-30 03321271 2024-06-30 03321271 2023-06-30 03321271 c:Director7 2023-07-01 2024-06-30 03321271 d:CurrentFinancialInstruments 2024-06-30 03321271 d:CurrentFinancialInstruments 2023-06-30 03321271 d:Non-currentFinancialInstruments 2024-06-30 03321271 d:Non-currentFinancialInstruments 2023-06-30 03321271 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03321271 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03321271 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 03321271 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 03321271 d:ShareCapital 2024-06-30 03321271 d:ShareCapital 2023-06-30 03321271 d:RetainedEarningsAccumulatedLosses 2024-06-30 03321271 d:RetainedEarningsAccumulatedLosses 2023-06-30 03321271 c:FRS102 2023-07-01 2024-06-30 03321271 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03321271 c:FullAccounts 2023-07-01 2024-06-30 03321271 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03321271 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 03321271









THE FILM CONSORTIUM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
THE FILM CONSORTIUM LIMITED
REGISTERED NUMBER: 03321271

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
27,716
20,338

Cash at bank and in hand
 5 
142,508
225,233

  
170,224
245,571

Creditors: amounts falling due within one year
 6 
(81,080)
(75,803)

Net current assets
  
 
 
89,144
 
 
169,768

Total assets less current liabilities
  
89,144
169,768

Creditors: amounts falling due after more than one year
 7 
(9,925)
(15,125)

  

Net assets
  
79,219
154,643


Capital and reserves
  

Called up share capital 
  
2,105
2,105

Profit and loss account
  
77,114
152,538

  
79,219
154,643


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 May 2025.



E Lyndon-Stanford
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
THE FILM CONSORTIUM LIMITED
REGISTERED NUMBER: 03321271
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
THE FILM CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Film Consortium Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is 14 Rathbone Place, London, W1T 1HT.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises royalties receivable from distribution of film and television rights and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

 
2.3

Debtors

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

 
2.4

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.

 
2.5

Financial instruments

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

 
2.6

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Page 3

 
THE FILM CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

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.

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


Employees

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

Page 4

 
THE FILM CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Debtors

2024
2023
£
£


Trade debtors
17,861
15,533

Other debtors
9,855
4,805

27,716
20,338



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
142,508
225,233

142,508
225,233



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,200
5,200

Trade creditors
25,449
16,120

Other taxation and social security
4,941
3,773

Other creditors
40,490
45,710

Accruals and deferred income
5,000
5,000

81,080
75,803


Creditors includes amounts secured by a fixed and floating charge over the assets of the company.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,925
15,125

9,925
15,125


 
Page 5