Company registration number 07828308 (England and Wales)
KEITH CHAPMAN PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
KEITH CHAPMAN PRODUCTIONS LIMITED
CONTENTS
Page
Profit and loss account
3
Notes to the financial statements
2 - 6
KEITH CHAPMAN PRODUCTIONS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
834
1,582
Investments
1,471,468
3,312,494
1,472,302
3,314,076
Current assets
Debtors
4
8,052,518
5,627,854
Cash at bank and in hand
184,126
1,208,259
8,236,644
6,836,113
Creditors: amounts falling due within one year
5
(33,651,021)
(15,626,007)
Net current liabilities
(25,414,377)
(8,789,894)
Net liabilities
(23,942,075)
(5,475,818)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(23,942,076)
(5,475,819)
Total equity
(23,942,075)
(5,475,818)

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 18 November 2025
K Chapman
Director
Company registration number 07828308 (England and Wales)
KEITH CHAPMAN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Keith Chapman Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Two Matts LLP, 151 Wardour Street, London, W1F 8WE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line
Computers
33.3% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

KEITH CHAPMAN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

KEITH CHAPMAN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

KEITH CHAPMAN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 and 31 October 2024
14,454
Depreciation and impairment
At 1 November 2023
12,872
Depreciation charged in the year
748
At 31 October 2024
13,620
Carrying amount
At 31 October 2024
834
At 31 October 2023
1,582
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,771
375
Corporation tax recoverable
3,834,023
3,834,023
Other debtors
4,216,724
1,793,456
8,052,518
5,627,854
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
652
649
Trade creditors
45,103
41,999
Taxation and social security
-
0
3,547
Other creditors
33,605,266
15,579,812
33,651,021
15,626,007
KEITH CHAPMAN PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
8
Related party transactions

A t the balance sheet date, included within Other Creditors is a balance of £33,568,136 (2023: £15,532,930) due to K Chapman, director of the company.

At the balance sheet date, included within Other Debtors is a balance of £16,563 (2023: £15,563) owed from associated company, Ozi IP Ltd.

A t the balance sheet date, included within Other Debtors is a balance of £1,292,773 (2023: £1,292,773) owed from CK Construction (London) Ltd, a company in which K Chapman is a director and shareholder.

A t the balance sheet date, included within Other Debtors is a balance of £330,000 (2023: £3 30,000) owed from Roarsome Ltd, a company in which K Chapman is a shareholder, and his son W Chapman is a director and shareholder.

A t the balance sheet date, included within Other Creditors is a balance of £22,161 due to Keith Chapman Enterprises Partnership.

2024-10-31 2023-11-01 false false false 18 November 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity K Chapman 07828308 2023-11-01 2024-10-31 07828308 2024-10-31 07828308 2023-10-31 07828308 core:OtherPropertyPlantEquipment 2024-10-31 07828308 core:OtherPropertyPlantEquipment 2023-10-31 07828308 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 07828308 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07828308 core:ShareCapital 2024-10-31 07828308 core:ShareCapital 2023-10-31 07828308 core:RetainedEarningsAccumulatedLosses 2024-10-31 07828308 core:RetainedEarningsAccumulatedLosses 2023-10-31 07828308 bus:Director1 2023-11-01 2024-10-31 07828308 core:FurnitureFittings 2023-11-01 2024-10-31 07828308 core:ComputerEquipment 2023-11-01 2024-10-31 07828308 2022-11-01 2023-10-31 07828308 core:OtherPropertyPlantEquipment 2023-10-31 07828308 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 07828308 core:CurrentFinancialInstruments 2024-10-31 07828308 core:CurrentFinancialInstruments 2023-10-31 07828308 core:WithinOneYear 2024-10-31 07828308 core:WithinOneYear 2023-10-31 07828308 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07828308 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07828308 bus:FRS102 2023-11-01 2024-10-31 07828308 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07828308 bus:FullAccounts 2023-11-01 2024-10-31 xbrli:pure xbrli:shares iso4217:GBP