ACCOUNTS - Final Accounts

HAT TRICK (FACE) LTD - Company Information

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Registered number: 08803979

HAT TRICK (FACE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


HAT TRICK (FACE) LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 4


HAT TRICK (FACE) LIMITED REGISTERED NUMBER:08803979

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

	2022	2021
Note	£	£

Current assets
Debtors: amounts falling due within one year	4	79,890	1,219,362
Cash at bank and in hand		251,560	12,463
		331,450	1,231,825
Current liabilities
Creditors: amounts falling due within one year	5	(938,732)	(1,958,697)
Net liabilities		(607,282)	(726,872)

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		(607,283)	(726,873)
		(607,282)	(726,872)

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 27 September 2023.

A Dugdale

Director

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

Page 1


HAT TRICK (FACE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Hat Trick (Face) Limited is a private limited liability company incorporated in England and Wales, with its registered office at 7 Savoy Court, London, United Kingdom, WC2R 0EX and trading office address at 33 Oval Road, London, NW1 7EA..
The principal activity of the Company continued to be that of creation of content for broadcast media.
The functional and presentational currency of the Company is £ Sterling.

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

The Company's forecast and projections, taking account of reasonably possible changes in trading performance and the continued financial support from the parent Company, show that the Company should be able to continue to meet its operating liabilities as they fall due. Therefore the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of their approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

2.3

Revenue

Revenue 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 is measured as the fair value of the consideration received or receivable, excluding Value Added Tax.
Production revenue and gross profit are recognised over the period of the production, on a stage of completion and straight line basis respectively.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2


HAT TRICK (FACE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.7

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.

3.	Employees
	The Company has no employees other than the directors during the current and preceding year.

Debtors

					2022	2021
					£	£


Trade debtors	6,000	9,000
Other debtors	-	6,013
Prepayments and accrued income	101,942	44,000
Tax recoverable	(28,052)	1,160,349
	79,890	1,219,362

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Bank loans	-	248,364
Trade creditors	88,681	2,638
Amounts owed to group undertakings	737,038	1,699,906
Other taxation and social security	82,157	-
Other creditors	68	-
Accruals and deferred income	30,788	7,789
	938,732	1,958,697

Page 3


HAT TRICK (FACE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

6.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

1 (2021 - 1) Ordinary share of £1	1	1

7.	Related party transactions
	The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

8.	Controlling party

The ultimate parent company and controlling entity 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 (Face) 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.

9.	Auditors' information

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

In their report, the auditors emphasised the following matter without qualifying their report:

In forming our opinion on the financial statement, we have considered the adequacy of the disclosure in Note 2.2 concerning the preparation of the financial statements on a going concern basis. Our opinion is not qualified in this respect.

The audit report was signed on 27 September 2023 by Stephen Iseman FCA (Senior statutory auditor) on behalf of Sopher + Co LLP.

Page 4