ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Caseware UK (AP4) 2020.0.247 2020.0.247 2020-06-302020-06-302019-07-01falsew11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02863621 2019-07-01 2020-06-30 02863621 2018-07-01 2019-06-30 02863621 2020-06-30 02863621 2019-06-30 02863621 c:Director1 2019-07-01 2020-06-30 02863621 d:FurnitureFittings 2019-07-01 2020-06-30 02863621 d:FurnitureFittings 2020-06-30 02863621 d:FurnitureFittings 2019-06-30 02863621 d:FurnitureFittings d:OwnedOrFreeholdAssets 2019-07-01 2020-06-30 02863621 d:OfficeEquipment 2019-07-01 2020-06-30 02863621 d:OfficeEquipment 2020-06-30 02863621 d:OfficeEquipment 2019-06-30 02863621 d:OfficeEquipment d:OwnedOrFreeholdAssets 2019-07-01 2020-06-30 02863621 d:OwnedOrFreeholdAssets 2019-07-01 2020-06-30 02863621 d:CurrentFinancialInstruments 2020-06-30 02863621 d:CurrentFinancialInstruments 2019-06-30 02863621 d:Non-currentFinancialInstruments 2020-06-30 02863621 d:Non-currentFinancialInstruments 2019-06-30 02863621 d:CurrentFinancialInstruments d:WithinOneYear 2020-06-30 02863621 d:CurrentFinancialInstruments d:WithinOneYear 2019-06-30 02863621 d:Non-currentFinancialInstruments d:AfterOneYear 2020-06-30 02863621 d:Non-currentFinancialInstruments d:AfterOneYear 2019-06-30 02863621 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-06-30 02863621 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2019-06-30 02863621 d:ShareCapital 2020-06-30 02863621 d:ShareCapital 2019-06-30 02863621 d:RetainedEarningsAccumulatedLosses 2020-06-30 02863621 d:RetainedEarningsAccumulatedLosses 2019-06-30 02863621 c:OrdinaryShareClass1 2019-07-01 2020-06-30 02863621 c:OrdinaryShareClass1 2020-06-30 02863621 c:OrdinaryShareClass1 2019-06-30 02863621 c:FRS102 2019-07-01 2020-06-30 02863621 c:AuditExempt-NoAccountantsReport 2019-07-01 2020-06-30 02863621 c:FullAccounts 2019-07-01 2020-06-30 02863621 c:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30 02863621 2 2019-07-01 2020-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02863621

JIVA FILM LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020


JIVA FILM LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


JIVA FILM LIMITED REGISTERED NUMBER:02863621

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2020

		2020		2019
Note		£		£

Fixed assets
Tangible assets	4		6,814		7,744
Current assets
Debtors: amounts falling due within one year	5	50,452		-
Cash at bank and in hand		53,705		63,270
		104,157		63,270
Current liabilities
Creditors: amounts falling due within one year	6	(47,073)		(46,100)
Net current assets			57,084		17,170
Total assets less current liabilities			63,898		24,914
Creditors: amounts falling due after more than one year	7		(38,667)		-

Net assets			25,231		24,914

Capital and reserves
Called up share capital	9	2	2
Profit and loss account		25,229	24,912
		25,231	24,914

Page 1


JIVA FILM LIMITED REGISTERED NUMBER:02863621

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 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 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 23 June 2021.

M Pandey

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


JIVA FILM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020

1.	General information

The Company's legal form is that of a limited company incorporated in the United Kingdom. The Company's registered office is 5 Elstree Gate, Elstree Way, Borehamwood, United Kingdom, WD6 1JD.
The principal activity of the company during the year was that of film production and script writing.
The financial statements are presented in £ sterling, which is the functional currency of the company.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied in the year exclusive of trade discounts and excluding value added tax.
Revenue is recognised when the service is provided.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25%
				Office equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


JIVA FILM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020

2.Accounting policies (continued)

2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and
other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction
price less attributable transaction costs. Trade creditors, other creditors and loans from related
parties are recognised initially at transaction price plus attributable transaction costs. Subsequently
they are measured at amortised cost using the effective interest method, less any impairment losses
in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised
initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

2.6

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.

2.7

Dividends

Equity dividends are recognised when they become legally payable.

2.8

Interest income

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

2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4


JIVA FILM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020

2.Accounting policies (continued)

2.10

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.

Employees

The average monthly number of employees, including directors, during the year was 1 (2019 -1).

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£
Cost or valuation
At 1 July 2019	14,524	7,642	22,166
Additions	532	1,225	1,757
At 30 June 2020	15,056	8,867	23,923
Depreciation
At 1 July 2019	12,409	2,013	14,422
Charge for the year on owned assets	751	1,936	2,687
At 30 June 2020	13,160	3,949	17,109
Net book value
At 30 June 2020	1,896	4,918	6,814
At 30 June 2019	2,115	5,629	7,744

Debtors

					2020	2019
					£	£


Other debtors	50,452	-

Page 5


JIVA FILM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Bank loans	1,333	-
Other taxation and social security	42,640	43,300
Other creditors	-	400
Accruals and deferred income	3,100	2,400
	47,073	46,100

7.	Creditors: Amounts falling due after more than one year
		2020	2019
		£	£

	Bank loans	38,667	-

Amounts falling due within one year
Bank loans	1,333	-

Amounts falling due 1-5 years
Bank loans	38,667	-

	40,000	-

9.	Share capital
		2020	2019
		£	£

Allotted, called up and fully paid

2 (2019 -2) Ordinary shares of £1.00 each	2	2

Page 6