Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3112022-03-01falseThe principal activity of the company is that of other amusement and recreation activities1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09463680 2022-03-01 2023-03-31 09463680 2021-03-01 2022-02-28 09463680 2023-03-31 09463680 2022-02-28 09463680 2021-03-01 09463680 c:Director1 2022-03-01 2023-03-31 09463680 d:ComputerEquipment 2022-03-01 2023-03-31 09463680 d:ComputerEquipment 2023-03-31 09463680 d:ComputerEquipment 2022-02-28 09463680 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-03-31 09463680 d:CurrentFinancialInstruments 2023-03-31 09463680 d:CurrentFinancialInstruments 2022-02-28 09463680 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09463680 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09463680 d:ShareCapital 2023-03-31 09463680 d:ShareCapital 2022-02-28 09463680 d:RetainedEarningsAccumulatedLosses 2023-03-31 09463680 d:RetainedEarningsAccumulatedLosses 2022-02-28 09463680 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09463680 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 09463680 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 09463680 d:TaxLossesCarry-forwardsDeferredTax 2022-02-28 09463680 c:OrdinaryShareClass1 2022-03-01 2023-03-31 09463680 c:OrdinaryShareClass1 2023-03-31 09463680 c:OrdinaryShareClass1 2022-02-28 09463680 c:FRS102 2022-03-01 2023-03-31 09463680 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-03-31 09463680 c:FullAccounts 2022-03-01 2023-03-31 09463680 c:PrivateLimitedCompanyLtd 2022-03-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09463680














PERFORMER NATION LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
PERFORMER NATION LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7

 
PERFORMER NATION LIMITED
REGISTERED NUMBER:09463680

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
28 February
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
671
1,173

  
671
1,173

Current assets
  

Debtors: amounts falling due within one year
 5 
179,098
222,748

Cash at bank and in hand
 6 
13,055
51,901

  
192,153
274,649

Creditors: amounts falling due within one year
 7 
(163,759)
(173,754)

Net current assets
  
 
 
28,394
 
 
100,895

Total assets less current liabilities
  
29,065
102,068

Provisions for liabilities
  

Deferred tax
 8 
(79)
(293)

  
 
 
(79)
 
 
(293)

Net assets
  
28,986
101,775


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
28,985
101,774

  
28,986
101,775


1

 
PERFORMER NATION LIMITED
REGISTERED NUMBER:09463680
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 profit and loss account 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: 




C Bishti
Director

Date: 1 November 2023

The notes on pages 3 to 7 form part of these financial statements.
2

 
PERFORMER NATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Performer Nation Limited is a private company, limited by shares, registered in England and Wales, registration number 09463680
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. On 13 October 2023, the registered office address changed to Tudor House, 250 Menlove Avenue, Liverpool, L18 3JF. 
The principal activity of the company is that of other amusement and recreation activities.
The company extended its Accounting Reference Date from 28 February 2023 to 31 March 2023.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from other amusement and recreation activities 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. Turnover from other amusement and recreation activities is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
 
 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure. Grants received in respect of Covid Job Retention Scheme are included in other operating income.

3

 
PERFORMER NATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit and loss account 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 corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss account.

 
2.6

Debtors

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

 
2.7

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.

4

 
PERFORMER NATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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 and loans to related parties.

 
2.10

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including director, during the period was 1 (2022 - 1).


4.


Tangible fixed assets







Computer equipment

£



Cost 


At 1 March 2022
4,213



At 31 March 2023

4,213



Depreciation


At 1 March 2022
3,040


Charge for the period on owned assets
502



At 31 March 2023

3,542



Net book value



At 31 March 2023
671



At 28 February 2022
1,173

5

 
PERFORMER NATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

31 March
28 February
2023
2022
£
£


Trade debtors
143,752
220,332

Other debtors
16,748
1,027

Prepayments and accrued income
18,598
1,389

179,098
222,748



6.


Cash and cash equivalents

31 March
28 February
2023
2022
£
£

Cash at bank and in hand
13,055
51,901



7.


Creditors: Amounts falling due within one year

31 March
28 February
2023
2022
£
£

Trade creditors
35,648
51,996

Corporation tax
-
22,359

Other taxation and social security
108,413
87,822

Other creditors
16,183
7,327

Accruals and deferred income
3,515
4,250

163,759
173,754


6

 
PERFORMER NATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Deferred taxation






31 March
2023
28 February
2022


£

£






At beginning of year
293
-


Charged to profit or loss
(214)
293



At end of year
79
293

The provision for deferred taxation is made up as follows:

31 March
28 February
2023
2022
£
£


Accelerated capital allowances
168
293

Tax losses carried forward
(89)
-

79
293


9.


Share capital

31 March
28 February
2023
2022
£
£
Allotted, called up and fully paid



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



10.


Related party transactions

Included within other creditors at the period end is an amount of £8,197 (2021 - £7,327) due to the director. The loan is interest free and repayable on demand.
During the period, the director was paid dividends totalling £Nil (2021 - £120,000).
 
7