Caseware UK (AP4) 2024.0.164 2024.0.164 2025-08-31 2025-08-31 2 Motion picture production activities 2024-09-01 false 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14466244 2024-09-01 2025-08-31 14466244 2023-09-01 2024-08-31 14466244 2025-08-31 14466244 2024-08-31 14466244 c:Director2 2024-09-01 2025-08-31 14466244 d:CurrentFinancialInstruments 2025-08-31 14466244 d:CurrentFinancialInstruments 2024-08-31 14466244 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 14466244 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14466244 d:ShareCapital 2025-08-31 14466244 d:ShareCapital 2024-08-31 14466244 d:RetainedEarningsAccumulatedLosses 2025-08-31 14466244 d:RetainedEarningsAccumulatedLosses 2024-08-31 14466244 c:OrdinaryShareClass1 2024-09-01 2025-08-31 14466244 c:OrdinaryShareClass1 2025-08-31 14466244 c:OrdinaryShareClass1 2024-08-31 14466244 c:FRS102 2024-09-01 2025-08-31 14466244 c:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 14466244 c:FullAccounts 2024-09-01 2025-08-31 14466244 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 14466244 e:PoundSterling 2024-09-01 2025-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14466244 COMET GLOBAL LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 AUGUST 2025
COMET GLOBAL LTD REGISTERED NUMBER: 14466244 BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks | 4 | 396,455 |  | 702,320 |
Debtors: amounts falling due within one year | 5 | 7,627 |  | 9,156 |
Cash at bank and in hand | 6 | 740,538 |  | 53,768 |
|  | 1,144,620 |  | 765,244 |
Creditors: amounts falling due within one year | 7 | (1,952,871) |  | (1,556,915) |
Net current liabilities |  |  | (808,251) |  | (791,671)
Total assets less current liabilities |  |  | (808,251) |  | (791,671)
Net liabilities |  |  | (808,251) |  | (791,671)
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Profit and loss account |  |  | (808,351) |  | (791,771)
|  |  | (808,251) |  | (791,671)
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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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 profit and loss account 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:
R Sethi
Director
Date: 10 April 2026
The notes on pages 2 to 4 form part of these financial statements. Page 1
COMET GLOBAL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
The company Comet Global Ltd is a private company limited by shares and domiciled in England and Wales, registration number 14466244. The registered office and principal place of business is 7 Bell Yard, London, England, WC2A 2JR. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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. 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. 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 except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.3 | Revenue
Revenue is derived from a contract with the commissioning distributor and its recognised commensurate to the stage of production, concluded by the final delivery of the commissioned film. Final delivery is the point at which the film is available for theatrical release. Film tax credits due are recognised within other operating income upon reciept. These are received as credit against eligible expenditure incurred on the production of the film.
| 2.4 | Stocks
Production costs incurred during the year are recognised as work in progress on the balance sheet until the film is delivered to the commissioning distributor. Upon delivery of the film, it is acquired by the commissioning distributor and the production costs are then charged to the profit and loss account as cost of sales. Page 2
COMET GLOBAL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including the director, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 2 | 2
4. | Stock and work in progress
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Production costs | 396,455 | 702,320
|  | 396,455 | 702,320
Page 3
COMET GLOBAL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 35 | 1,564
| Prepayments | 7,592 | 7,592
|  | 7,627 | 9,156
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 740,538 | 53,768
|  | 740,538 | 53,768
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 379,926
| Other creditors | 1,944,001 | 1,170,239
| Accruals | 8,870 | 6,750
|  | 1,952,871 | 1,556,915
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1 each | 100 | 100
Page 4