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.truefalse2024-01-01falseNo description of principal activity22false 11725260 2024-01-01 2024-12-31 11725260 2023-01-01 2023-12-31 11725260 2024-12-31 11725260 2023-12-31 11725260 c:Director2 2024-01-01 2024-12-31 11725260 d:CurrentFinancialInstruments 2024-12-31 11725260 d:CurrentFinancialInstruments 2023-12-31 11725260 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11725260 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11725260 d:ShareCapital 2024-12-31 11725260 d:ShareCapital 2023-12-31 11725260 d:RetainedEarningsAccumulatedLosses 2024-12-31 11725260 d:RetainedEarningsAccumulatedLosses 2023-12-31 11725260 c:FRS102 2024-01-01 2024-12-31 11725260 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11725260 c:FullAccounts 2024-01-01 2024-12-31 11725260 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11725260 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11725260









FIRST SERVE PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024
 
FIRST SERVE PRODUCTIONS LIMITED
REGISTERED NUMBER: 11725260

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,544
378,891

Cash at bank and in hand
  
5,700
645

  
12,244
379,536

Creditors: amounts falling due within one year
 5 
(5,000)
(13,309)

Net current assets
  
 
 
7,244
 
 
366,227

  

Net assets
  
7,244
366,227


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
7,242
366,225

  
7,244
366,227


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 year 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 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 by: 



J Bird
Director

Date: 18 December 2025

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

Page 1
 
FIRST SERVE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

First Serve Productions Limited is a private company limited by shares incorporated in the United Kingdom and registered in Engalnd and Wales. The address of its registered office is Solent House, 107a Alma Road, Southampton, Hampshire, SO14 6UY.

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

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.

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.

 
2.3

Revenue

Revenue, from film sales, is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes.

  
2.4

Production costs

Film production costs incurred in producing a film are recognised in the statement of comprehensive income as cost of sales in the period in which they are incurred.

Page 2
 
FIRST SERVE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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 plus loans from related and connected parties.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
6,544
12,666

Tax recoverable
-
366,225

6,544
378,891


Page 3
 
FIRST SERVE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
5,820

Other creditors
-
129

Accruals and deferred income
5,000
7,360

5,000
13,309



6.


Related party transactions

The company is exempt from disclosing related party transactions which occur between other companies that are wholly owned within its group.
During the year the company was charged production costs, on an arm's length basis, of £nil (2023: 411,571) by Ventureland Limited and £nil (2023: £88,015) by Ventureland LLC which are connected parties by virtue of a mutual director. At the reporting date, the company owed £nil (2023: £129) to Ventureland Limited.

 
Page 4