Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.32024-01-01motion picture productionfalse3truetruefalse 04059031 2024-01-01 2024-12-31 04059031 2023-01-01 2023-12-31 04059031 2024-12-31 04059031 2023-12-31 04059031 c:Director1 2024-01-01 2024-12-31 04059031 d:CurrentFinancialInstruments 2024-12-31 04059031 d:CurrentFinancialInstruments 2023-12-31 04059031 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04059031 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04059031 d:ShareCapital 2024-12-31 04059031 d:ShareCapital 2023-12-31 04059031 d:RetainedEarningsAccumulatedLosses 2024-12-31 04059031 d:RetainedEarningsAccumulatedLosses 2023-12-31 04059031 c:OrdinaryShareClass1 2024-01-01 2024-12-31 04059031 c:OrdinaryShareClass1 2024-12-31 04059031 c:FRS102 2024-01-01 2024-12-31 04059031 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04059031 c:FullAccounts 2024-01-01 2024-12-31 04059031 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04059031 6 2024-01-01 2024-12-31 04059031 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04059031














MOUNTPORT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
MOUNTPORT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4

 
MOUNTPORT LIMITED
REGISTERED NUMBER:04059031

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
5
3

Current assets
  

Debtors: amounts falling due within one year
 5 
411,804
587,146

Cash at bank and in hand
  
122,010
145,640

  
533,814
732,786

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(517,656)
(583,839)

Net current assets
  
 
 
16,158
 
 
148,947

  

Net assets
  
16,163
148,950


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
16,162
148,949

  
16,163
148,950


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 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 25 September 2025.



S Baron-Cohen
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1
 
MOUNTPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Mountport Limited is a private limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the Company during the year was that of motion picture production.

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 royalties receivable exclusive of Value Added Tax.

Royalties are accounted for in the period to which they relate.

 
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.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 2
 
MOUNTPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.


 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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.


3.


Employees

The director was the only employee of the Company during the current and preceding period. 


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2024
3


Additions
2



At 31 December 2024
5

Page 3
 
MOUNTPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
388,525
338,276

Other debtors
23,279
248,870

411,804
587,146



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,647
30,577

Amounts owed to group undertakings
1
-

Other taxation and social security
1,640
1,278

Other creditors
503,868
542,199

Accruals and deferred income
9,500
9,785

517,656
583,839



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



8.


Transactions with directors

At the reporting date the Company owed £8,068 to (2023 - was owed £182,460 by) the director. The maximum amount outstanding during the year was £328,681 (2023 - £455,795). Interest amounting to £1,328 (2023 - £4,805) has been charged on this loan at the official HMRC rate.


9.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group,provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

 
Page 4