Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseThe principal activity of the company continued to be that of theatrical management, record production and the provision of services in the entertainment industry.21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00788653 2022-04-01 2023-03-31 00788653 2021-04-01 2022-03-31 00788653 2023-03-31 00788653 2022-03-31 00788653 c:Director1 2022-04-01 2023-03-31 00788653 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 00788653 d:Buildings d:ShortLeaseholdAssets 2023-03-31 00788653 d:Buildings d:ShortLeaseholdAssets 2022-03-31 00788653 d:PlantMachinery 2022-04-01 2023-03-31 00788653 d:PlantMachinery 2023-03-31 00788653 d:PlantMachinery 2022-03-31 00788653 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00788653 d:MotorVehicles 2022-04-01 2023-03-31 00788653 d:MotorVehicles 2023-03-31 00788653 d:MotorVehicles 2022-03-31 00788653 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00788653 d:FurnitureFittings 2022-04-01 2023-03-31 00788653 d:FurnitureFittings 2023-03-31 00788653 d:FurnitureFittings 2022-03-31 00788653 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00788653 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00788653 d:CurrentFinancialInstruments 2023-03-31 00788653 d:CurrentFinancialInstruments 2022-03-31 00788653 d:Non-currentFinancialInstruments 2023-03-31 00788653 d:Non-currentFinancialInstruments 2022-03-31 00788653 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00788653 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00788653 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00788653 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 00788653 d:ShareCapital 2023-03-31 00788653 d:ShareCapital 2022-03-31 00788653 d:RetainedEarningsAccumulatedLosses 2023-03-31 00788653 d:RetainedEarningsAccumulatedLosses 2022-03-31 00788653 c:OrdinaryShareClass1 2022-04-01 2023-03-31 00788653 c:OrdinaryShareClass1 2023-03-31 00788653 c:OrdinaryShareClass1 2022-03-31 00788653 c:FRS102 2022-04-01 2023-03-31 00788653 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00788653 c:FullAccounts 2022-04-01 2023-03-31 00788653 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00788653 2 2022-04-01 2023-03-31 00788653 6 2022-04-01 2023-03-31 00788653 d:CostValuation 2023-03-31 00788653 d:CostValuation 2022-03-31 00788653 d:ShareCapitalOtherShareTypes 2023-03-31 00788653 d:ShareCapitalOtherShareTypes 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00788653














DAVE CLARK (LONDON) LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
DAVE CLARK (LONDON) LIMITED
REGISTERED NUMBER:00788653

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
139,662
140,420

Investments
 5 
280
280

  
139,942
140,700

Current assets
  

Debtors: amounts falling due within one year
 6 
211,296
177,500

Cash at bank
 7 
243,168
372,344

  
454,464
549,844

Creditors: amounts falling due within one year
 8 
(132,628)
(71,927)

Net current assets
  
 
 
321,836
 
 
477,917

Total assets less current liabilities
  
461,778
618,617

Creditors: amounts falling due after more than one year
 9 
(301,275)
(333,301)

Provisions for liabilities
  

Deferred tax
  
(9,683)
(35,104)

  
 
 
(9,683)
 
 
(35,104)

Net assets
  
150,820
250,212


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
150,720
250,112

  
150,820
250,212


Page 1

 
DAVE CLARK (LONDON) LIMITED
REGISTERED NUMBER:00788653
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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: 




D Clark
Director

Date: 8 November 2023

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

Page 2

 
DAVE CLARK (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Dave Clark (London) Limited  is a private company, limited by shares, registered in England and Wales, registration number 00788653. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is that of theatrical management, record production and the provision of services in the entertainment industry.

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from the rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised at the year end date by the company.
Royalties payable are calculated by reference to statements of account used for determining royalties receivable.
 
 
2.4

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

 Borrowing costs

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

Page 3

 
DAVE CLARK (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

 Taxation

The tax expense for the year comprises current and deferred tax. 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 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Musical equipment
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
10% reducing balance

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 or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
DAVE CLARK (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, loans from banks, loans with related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the directors, during the year was 2 (2022 -1).


4.


Tangible fixed assets





Leasehold Property
Musical equipment
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost 


At 1 April 2022
132,455
22,446
17,489
40,950
213,340



At 31 March 2023

132,455
22,446
17,489
40,950
213,340



Depreciation


At 1 April 2022
-
20,598
17,488
34,834
72,920


Charge for the year
-
185
-
573
758



At 31 March 2023

-
20,783
17,488
35,407
73,678



Net book value



At 31 March 2023
132,455
1,663
1
5,543
139,662



At 31 March 2022
132,455
1,848
1
6,116
140,420

Page 5

 
DAVE CLARK (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Investment in subsidiary companies

£



Cost 


At 1 April 2022
280



At 31 March 2023
280






Net book value



At 31 March 2023
280



At 31 March 2022
280


6.


Debtors

2023
2022
£
£


Trade debtors
4,176
11,772

Amounts owed by group undertakings
59,580
67,703

Other debtors
130,433
81,479

Prepayments and accrued income
17,107
16,546

211,296
177,500



7.


Cash

2023
2022
£
£

Cash at bank
243,168
372,344



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
63,544
45,731

Trade creditors
427
2,383

Other creditors
64,563
22,052

Accruals
4,094
1,761

132,628
71,927


Page 6

 
DAVE CLARK (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
301,275
333,301


Barclays Bank PLC holds a legal charge over the leasehold property of the company.
 

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 -100) Ordinary shares of £1.00 each
100
100

The shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rghts of redemption.



11.


Related party transactions

At the year end an amount of £59,580, (2022 - £67,703) was owed by Lyoncourt Limited, a subsidiary company.


12.


Transactions with the director

During the year the company advanced £100,544 (2022 - £118,884) to the director, of which £35,102 (2022 - £71,871) was repaid to the company by the director. As at the year end, the director owed £111,696 (2022 - £46,254) to the company. This loan is unsecured, interest free and repayable on demand. 

 
Page 7