ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

CAKE PRODUCTION BOTTERSNIKES LIMITED - Company Information

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Caseware UK (AP4) 2019.0.131 2019.0.131 2020-03-312020-03-311falsetruetrue2020-01-01No description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09210329 2020-01-01 2020-03-31 09210329 2019-01-01 2019-12-31 09210329 2020-03-31 09210329 2019-12-31 09210329 c:Director1 2020-01-01 2020-03-31 09210329 d:CurrentFinancialInstruments 2020-03-31 09210329 d:CurrentFinancialInstruments 2019-12-31 09210329 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 09210329 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 09210329 d:ShareCapital 2020-03-31 09210329 d:ShareCapital 2019-12-31 09210329 d:RetainedEarningsAccumulatedLosses 2020-03-31 09210329 d:RetainedEarningsAccumulatedLosses 2019-12-31 09210329 c:FRS102 2020-01-01 2020-03-31 09210329 c:AuditExempt-NoAccountantsReport 2020-01-01 2020-03-31 09210329 c:FullAccounts 2020-01-01 2020-03-31 09210329 c:PrivateLimitedCompanyLtd 2020-01-01 2020-03-31 09210329 2 2020-01-01 2020-03-31 iso4217:GBP xbrli:pure

Registered number: 09210329









CAKE PRODUCTION BOTTERSNIKES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2020
 
CAKE PRODUCTION BOTTERSNIKES LIMITED
REGISTERED NUMBER: 09210329

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2020

31 March
31 December
2020
2019
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
35,725
35,711

Cash at bank and in hand
 5 
558
3,679

  
36,283
39,390

Creditors: amounts falling due within one year
 6 
(3,750)
(6,000)

Net current assets
  
 
 
32,533
 
 
33,390

Total assets less current liabilities
  
32,533
33,390

  

Net assets
  
32,533
33,390


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
32,531
33,388

  
32,533
33,390


Page 1
 
CAKE PRODUCTION BOTTERSNIKES LIMITED
REGISTERED NUMBER: 09210329
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2020

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 by: 



T D Van Waveren
Director
Date: 23 December 2020

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
CAKE PRODUCTION BOTTERSNIKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

1.


General information

Cake Production Bottersnikes Limited is a private company limited by shares. It is incorporated in England and Wales (company number 09210329) and its register address and principal place of business is 76 Charlotte Street, London, W1T 4QS.

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 Section 1A of 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

Going concern

Potential sources of uncertainty noted by the director includes the COVID-19 pandemic. However, at the date of this report, it is not possible to determine the effects that this will have on the Company reliably. Accordingly, the director has continued to prepare the financial statements on the going concern basis.

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3
 
CAKE PRODUCTION BOTTERSNIKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 directors, during the period was 1 (2019 - 1).


4.


Debtors

31 March
31 December
2020
2019
£
£


Amounts owed by related  undertakings
26,352
26,353

Other debtors
9,373
9,358

35,725
35,711


Page 4
 
CAKE PRODUCTION BOTTERSNIKES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020

5.


Cash and cash equivalents

31 March
31 December
2020
2019
£
£

Cash at bank and in hand
558
3,679

558
3,679



6.


Creditors: Amounts falling due within one year

31 March
31 December
2020
2019
£
£

Accruals and deferred income
3,750
6,000

3,750
6,000



7.Other financial commitments

Charges have been made against the programme entitled "Bottersnikes & Gumbles" in favour of Erewash Productions Limited to secure their interests in the programme assets.


8.


Related party transactions

At the period-end, £26,352 (2019: £26,353) was owed by a company under common control. 

Page 5