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REGISTERED NUMBER: 10174621 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Escape Live Coventry Ltd

Escape Live Coventry Ltd (Registered number: 10174621)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Escape Live Coventry Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J T Dalziel
J S Sodhi





REGISTERED OFFICE: 54 Grafton Street
Coventry
CV1 2HW





REGISTERED NUMBER: 10174621 (England and Wales)





ACCOUNTANTS: Valhalla Private Client Services LLP
Valhalla House
30 Ashby Road
Tove Valley Business Park
Towcester
Northamptonshire
NN12 6PG

Escape Live Coventry Ltd (Registered number: 10174621)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,063 16,182

CURRENT ASSETS
Debtors 5 52,515 112,786
Cash at bank 63,919 36,407
116,434 149,193
CREDITORS
Amounts falling due within one year 6 66,872 81,435
NET CURRENT ASSETS 49,562 67,758
TOTAL ASSETS LESS CURRENT LIABILITIES 60,625 83,940

CREDITORS
Amounts falling due after more than one year 7 39,167 49,167
NET ASSETS 21,458 34,773

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,358 34,673
21,458 34,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





J S Sodhi - Director


Escape Live Coventry Ltd (Registered number: 10174621)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Escape Live Coventry Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern, Brexit, the Covid19 Pandemic, the War in Ukraine, the Cost of living and the Economy

The directors have reviewed the working capital requirements of the company for a period of not less than 12 months from the balance sheet date, with particular emphasis on the effects of Brexit, the Covid-19 Pandemic, the war in Ukraine, the Cost of living and the overall economy.

All of these factors will have a significant impact on the operations of the company, with the enforced venue closures, staff shortages, increased cost of living impacting on the ability of customers to afford to attend entertainment venues and the increase in costs of goods and utilities, the combined effect of these factors will have a material impact on the profitability of the company.

The directors have been actively implementing plans to mitigate the effect of these challenges, these include significant changes to method of delivery of core services, with provision of remote, socially distant & online services, through the deployment of online gaming and immersive experiences.

The directors have confirmed that the company will utilise all available Covid-19 support and manage the cost of the repayments and resultant tax charges and the directors and group companies will continue to support the business during these unprecedented times.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Escape Live Coventry Ltd (Registered number: 10174621)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 41,524
DEPRECIATION
At 1 January 2022 25,342
Charge for year 5,119
At 31 December 2022 30,461
NET BOOK VALUE
At 31 December 2022 11,063
At 31 December 2021 16,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 372 563
Amounts owed by group undertakings 40,592 46,547
Amounts owed by participating interests - 50,000
Other debtors 11,551 15,676
52,515 112,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 12,323 15,645
Amounts owed to group undertakings 25,000 25,000
Taxation and social security 4,244 7,617
Other creditors 25,305 33,173
66,872 81,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 39,167 49,167

Escape Live Coventry Ltd (Registered number: 10174621)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £960 (31/12/2021: £1,000). from Escape Live Ltd. The companies have directors in common, and from December 2020 both companies became wholly owned subsidiaries of Escape Enterprises Ltd. This amount is included in amounts due from group undertakings, the balance is interest free and repayable on demand.

At the balance sheet date the company was owed £19,632 (31.12.2021: £25,547) from Escape Live Services Limited. The companies have directors in common, and from December 2020 both companies became wholly owned subsidiaries of Escape Enterprises Ltd. This amount is included in amounts due from group undertakings, the balance is interest free and repayable on demand.

At the balance sheet date the company owed £25,000 (31.12.2021: £25,000) to Escape Live SUA Limited. The companies have directors in common, and from December 2020 both companies became wholly owned subsidiaries of Escape Enterprises Ltd. This amount is included in amounts due to group undertakings, the balance is interest free and repayable on demand.

At the balance sheet date the company was owed £20,000 (31.12.2021: £20,000) from Escape Live Liverpool Limited. The companies have directors in common, and from December 2020 both companies became wholly owned subsidiaries of Escape Enterprises Ltd. This amount is included in amounts due from group undertakings, the balance is interest free and repayable on demand.

At the balance sheet date, the company was owed £Nil (31.12.2021: £50,000) from Neon Property Management Ltd. The companies have directors in common.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Escape Enterprises Ltd.