Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-07-22false360truetruefalse 15852209 2024-07-21 15852209 2024-07-22 2025-03-31 15852209 2023-07-22 2024-07-21 15852209 2025-03-31 15852209 c:Director1 2024-07-22 2025-03-31 15852209 d:CurrentFinancialInstruments 2025-03-31 15852209 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 15852209 d:ShareCapital 2025-03-31 15852209 c:FRS102 2024-07-22 2025-03-31 15852209 c:AuditExempt-NoAccountantsReport 2024-07-22 2025-03-31 15852209 c:FullAccounts 2024-07-22 2025-03-31 15852209 c:PrivateLimitedCompanyLtd 2024-07-22 2025-03-31 15852209 e:PoundSterling 2024-07-22 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 15852209









INHERITANCE PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
INHERITANCE PRODUCTIONS LIMITED
REGISTERED NUMBER: 15852209

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
Note
£

  

Current assets
  

Stocks
  
14,546,293

Debtors: amounts falling due within one year
 4 
6,174,495

Cash at bank and in hand
  
1,840,002

  
22,560,790

Creditors: amounts falling due within one year
 6 
(22,560,789)

Net current assets
  
 
 
1

Total assets less current liabilities
  
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
  
1

  
1


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 period 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 10 July 2025.




N Blair
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
INHERITANCE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


General information

Inheritance Productions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office/principal place of business is 71 Queen Victoria Street, London, EC4V 4BE.
The company was Incorporated on 22 July 2024 and began trading on this date.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.
The Company is eligible to claim an expenditure credit on high end television programme production costs; the expenditure credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.4

Stocks

Stocks comprise High end television programme production costs, which are recorded as a current asset. High end television programme production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company

 
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, less any impairment.

Page 2

 
INHERITANCE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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 banks and other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 36.


4.


Debtors

2025
£


Trade debtors
2,550,566

Amounts owed by group undertakings
1

Other debtors
556,145

Tax recoverable
3,067,783

6,174,495



5.


Cash and cash equivalents

2025
£

Cash at bank and in hand
1,840,002

1,840,002


Page 3

 
INHERITANCE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

6.


Creditors: Amounts falling due within one year

2025
£

Bank loans
881,842

Trade creditors
930,022

Amounts owed to group undertakings
175,578

Other creditors
248,434

Accruals and deferred income
20,324,913

22,560,789



7.


Controlling party

The immediate parent undertaking is Snowed-In Productions Limited. The ultimate controlling party is N Blair.
 
Page 4