Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue02024-06-24falseNo description of principal activity34true SC814410 2024-06-23 SC814410 2024-06-24 2025-01-31 SC814410 2023-06-13 2024-06-23 SC814410 2025-01-31 SC814410 c:Director1 2024-06-24 2025-01-31 SC814410 d:CurrentFinancialInstruments 2025-01-31 SC814410 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 SC814410 d:ShareCapital 2025-01-31 SC814410 c:OrdinaryShareClass1 2024-06-24 2025-01-31 SC814410 c:OrdinaryShareClass1 2025-01-31 SC814410 c:FRS102 2024-06-24 2025-01-31 SC814410 c:AuditExempt-NoAccountantsReport 2024-06-24 2025-01-31 SC814410 c:FullAccounts 2024-06-24 2025-01-31 SC814410 c:PrivateLimitedCompanyLtd 2024-06-24 2025-01-31 SC814410 e:PoundSterling 2024-06-24 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC814410









VIVA MOMENTUM UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2025

 
VIVA MOMENTUM UK LIMITED
REGISTERED NUMBER: SC814410

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
Note
£

  

Current assets
  

Stocks
  
7,669,915

Debtors: amounts falling due within one year
 4 
4,666,462

Cash at bank and in hand
 5 
574,218

  
12,910,595

Creditors: amounts falling due within one year
 6 
(12,910,592)

Net current assets
  
 
 
3

Total assets less current liabilities
  
3

  

Net assets
  
3


Capital and reserves
  

Called up share capital 
  
3

  
3


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 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 21 July 2025.




A N I Polunin
Director

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

Page 1

 
VIVA MOMENTUM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

1.


General information

Viva Momentum UK Limited is a private company limited by shares and registered in England & Wales. The address of its registered office of business is 4 Woodside Place, Glasgow, G3 7QF.
The company was Incorporated on 24 June 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

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.

 
2.3

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film 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.

 
2.4

Debtors

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

 
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, less any impairment.

  
2.7

Other operating income

The Company is eligible to claim an expenditure credit on film 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.

Page 2

 
VIVA MOMENTUM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 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, and other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the Period was 34.


4.


Debtors

2025
£


Other debtors
4,666,462

4,666,462



5.


Cash and cash equivalents

2025
£

Cash at bank and in hand
574,218

574,218



6.


Creditors: Amounts falling due within one year

2025
£

Trade creditors
12,000

Other taxation and social security
790

Other creditors
1,383,781

Accruals and deferred income
11,514,021

12,910,592


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

Page 3

 
VIVA MOMENTUM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

7.


Share capital

2025
£
Allotted, called up and fully paid


3 Ordinary shares of £1.00 each
3


On incorporation the company issued 3 ordinary shares of £1 each at par for a cash consideration.


8.


Related party transactions

During the period production funding advances totalling £11,504,521 were advanced from a company under common control.  Also during the year payments totalling £1,371,405 were made on behalf of the company by a company under common control.  At the reporting date creditors include £12,875,926 due by the company in respect of production funding.


9.


Controlling party

During the period, the company was under the control of A N I Polunin by virtue of their shareholding.

 
Page 4