Trademark Father Limited Filleted accounts for Companies House (small and micro)

TRADEMARK FATHER LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11828714

Trademark Father Limited

Filleted Unaudited Accounts

30 June 2023

Trademark Father Limited

Statement of Financial Position

30 June 2023

	2023	2022
Note	£	£

Current assets

Debtors	6	258,713	315,455
Cash at bank and in hand		258	115,241
		---------	---------
		258,971	430,696

Creditors: amounts falling due within one year	7	( 258,970)	( 430,695)
		---------	---------
Net current assets		1	1
		----	----
Total assets less current liabilities		1	1
		----	----
Net assets		1	1
		----	----

Capital and reserves

Called up share capital	8	1	1
		----	----
Shareholders funds		1	1
		----	----

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

These accounts were approved by the board of directors and authorised for issue on 13 November 2023 , and are signed on behalf of the board by:

D J Parfitt
Director

Company registration number: 11828714

Trademark Father Limited

Notes to the Accounts

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Trinity Rise, London, SW2 2QP.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Comparatives

The accounts cover the period from 1 July 2022 to 30 June 2023. The comparatives cover the period from 22 July 2021 to 30 June 2022.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover relates to the exploitation of the film entitled "The Father". Turnover is recognised when the company receives statements detailing the revenues received in the various territories and mediums in which the film is distributed. The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant project.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employees

The company has been incorporated to produce a film called "The Father". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.

The Director does not receive any form of remuneration.

5. Tax on loss

Major components of tax income

		Period from
	Year to	22 Jul 21 to
	30 Jun 23	30 Jun 22
	£	£

Current tax:

UK current tax income	( 22,600)	( 82,281)
	--------	--------
Tax on loss	( 22,600)	( 82,281)
	--------	--------

Reconciliation of tax income

The tax assessed on the loss on ordinary activities for the year is lower than (2022: lower than) the standard rate of corporation tax in the UK of 19 % (2022: 19 %).

		Period from
	Year to	22 Jul 21 to
	30 Jun 23	30 Jun 22
	£	£
Loss on ordinary activities before taxation	( 22,600)	( 82,281)
	--------	--------
Film tax relief	(22,600)	(82,281)
	--------	--------

6. Debtors

	2023	2022
	£	£
Trade debtors	–	99,050
VAT recoverable	642	29,112
Corporation tax recoverable	22,600	82,281
Other debtors	235,471	105,012
	---------	---------
	258,713	315,455
	---------	---------

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	900	43,225
Accruals and deferred income	258,070	346,303
Social security and other taxes	–	41,167
	---------	---------
	258,970	430,695
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Contingent liabilities

Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Film Finances Inc New Zealand Trust Corporation as Trustee for Elarof Film4 a Division of Channel Four Television Corporation

10. Related party transactions

During the year no related-party transactions took place. All transactions related to the production of the film "The Father" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.