ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

HAT TRICK (TFP) LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312023-05-222023-05-22false2022-12-01Content production for broadcast media33falsetrue 13955153 2022-12-01 2022-12-31 13955153 2021-01-01 2022-11-30 13955153 2022-12-31 13955153 2022-11-30 13955153 c:Director2 2022-12-01 2022-12-31 13955153 d:CurrentFinancialInstruments 2022-12-31 13955153 d:CurrentFinancialInstruments 2022-11-30 13955153 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13955153 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13955153 d:ShareCapital 2022-12-31 13955153 d:ShareCapital 2022-11-30 13955153 d:RetainedEarningsAccumulatedLosses 2022-12-31 13955153 d:RetainedEarningsAccumulatedLosses 2022-11-30 13955153 c:OrdinaryShareClass1 2022-12-01 2022-12-31 13955153 c:OrdinaryShareClass1 2022-12-31 13955153 c:OrdinaryShareClass1 2022-11-30 13955153 c:FRS102 2022-12-01 2022-12-31 13955153 c:Audited 2022-12-01 2022-12-31 13955153 c:FullAccounts 2022-12-01 2022-12-31 13955153 c:PrivateLimitedCompanyLtd 2022-12-01 2022-12-31 13955153 c:SmallCompaniesRegimeForAccounts 2022-12-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13955153

HAT TRICK (TFP) LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022


HAT TRICK (TFP) LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


HAT TRICK (TFP) LIMITED REGISTERED NUMBER:13955153

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

	31 December	30 November
	2022	2022
Note	£	£

Current assets
Debtors: amounts falling due within one year	4	3,932,494	3,494,118
Cash at bank and in hand		4,629	111,965
		3,937,123	3,606,083
Current liabilities
Creditors: amounts falling due within one year	5	(3,947,047)	(3,660,260)
Net liabilities		(9,924)	(54,177)

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		(9,925)	(54,178)
		(9,924)	(54,177)

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 22 May 2023.

A J Dugdale

Director

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

Page 1


HAT TRICK (TFP) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

1.	General information

Hat Trick (TFP) Limited is a private limited liability company incorporated in England and Wales with its registered address at 7 Savoy Court, London, WC2R 0EX and trading address at 33 Oval Road, London, NW1 7EA.
The principal activity of the company is that of creation of content for broadcast media.

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

Revenue

Turnover 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 comprises production fees measured at the fair value of the consideration received or receivable, excluding Value Added Tax.
Production turnover and gross profit are recognised over the period of the production, on a stage of completion and straight line basis respectively.

2.3

Borrowing costs

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

2.4

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.

2.5

Debtors

Short-term debtors are measured at the transaction price.

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.

Page 2


HAT TRICK (TFP) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.7

Creditors

Short-term debtors are measured at the transaction price.

2.8

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 and other related parties.

Employees

The average monthly number of employees, including directors, during the period was 3 (30 November 2022 - 3).

Debtors

					31 December	30 November
					2022	2022
					£	£

Trade debtors	2,878,390	-
Amounts owed by group undertakings	171,336	-
Other debtors	13,693	2,410
Prepayments and accrued income	206,787	2,391,278
Tax recoverable	662,288	1,100,430
	3,932,494	3,494,118

Page 3


HAT TRICK (TFP) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

Bank overdrafts	9,145	-
Bank loans	3,355,662	3,355,662
Trade creditors	65,172	13,657
Amounts owed to group undertakings	-	236,826
Other taxation and social security	429,433	-
Other creditors	-	6,806
Accruals and deferred income	87,635	47,309
	3,947,047	3,660,260

The bank facilities are secured by a fixed and floating charge against the assets of the company.

Allotted, called up and fully paid

1 (2022 - 1) Ordinary share of £1.00	1	1

7.	Controlling party

The ultimate parent and controlling company is Hat Trick Holdings (2019) Limited, a company registered in England and Wales. Hat Trick Holdings (2019) Limited is the parent company of the largest and smallest group of which Hat Trick (TFP) Limited is a member and for which group financial statements are drawn up. Copies of the group financial statements are available from the Registrar of Companies, Crown Way, Maindy, Cardiff, CF14 3UZ.
The directors regard J Mulville, a director of the Company, as the ultimate controlling party.

8.	Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2022 was unqualified.

The audit report was signed on 22 May 2023 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 4