ACCOUNTS - Final Accounts

STANLEY THE HAMSTER PRODUCTIONS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.32021-01-01true3No description of principal activitytrue 09893607 2021-01-01 2021-12-31 09893607 2020-01-01 2020-12-31 09893607 2021-12-31 09893607 2020-12-31 09893607 c:Director2 2021-01-01 2021-12-31 09893607 d:CurrentFinancialInstruments 2021-12-31 09893607 d:CurrentFinancialInstruments 2020-12-31 09893607 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09893607 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 09893607 d:ShareCapital 2021-12-31 09893607 d:ShareCapital 2020-12-31 09893607 d:RetainedEarningsAccumulatedLosses 2021-12-31 09893607 d:RetainedEarningsAccumulatedLosses 2020-12-31 09893607 c:FRS102 2021-01-01 2021-12-31 09893607 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09893607 c:FullAccounts 2021-01-01 2021-12-31 09893607 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09893607 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

09893607

STANLEY THE HAMSTER PRODUCTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2021

STANLEY THE HAMSTER PRODUCTIONS LIMITED

REGISTERED NUMBER:09893607

BALANCE SHEET

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£


Current assets
Work in progress	4	145,306		126,681
Debtors: amounts falling due within one year	5	4,197		1,706
Cash at bank and in hand		545		272
		150,048		128,659
Creditors: amounts falling due within one year	6	(163,645)		(134,712)
Net current liabilities			(13,597)		(6,053)

Net liabilities			(13,597)		(6,053)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(13,697)	(6,153)
	(13,597)	(6,053)

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:

E.J. Glauser

Director

Date: 26 September 2022

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

Page 1

STANLEY THE HAMSTER PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Stanley The Hamster Productions Limited (the "Company") is a private company limited by shares incorporated in England and Wales.
The Company's registered office address is Level 1 Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS.
The Company's principal place of business is Winters Farm House, North Common Road, Wivelsfield Green, Haywards Heath, RH17 7RJ.

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 financial statements are prepared in pound sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest pound.

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 Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

STANLEY THE HAMSTER PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Broadcast reveenues are recognised in line with the accounting policy and based on contractual terms entered into. Royalty income is recognised as royalties fall due based on reporting from distributors.

2.4

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

2.5

Taxation

Tax is recognised in Statement of income and retained earnings, 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 balance sheet date in the countries where the Company operates and generates income.

2.6

Work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short term debtors are measured at transaction price, 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.

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.

Page 3

STANLEY THE HAMSTER PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.10

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).

4.	Work in progress
		2021	2020
		£	£

Work in progress	145,306	126,681
	145,306	126,681

Debtors

					2021	2020
					£	£


Other debtors	2,415	275
Amounts owed by group undertakings	1,782	1,431
	4,197	1,706

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	159,235	130,537
Other creditors	4,410	4,175
	163,645	134,712

Page 4