Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-06-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12198483 2022-06-01 2023-01-31 12198483 2021-06-01 2022-05-31 12198483 2023-01-31 12198483 2022-05-31 12198483 c:Director2 2022-06-01 2023-01-31 12198483 d:CurrentFinancialInstruments 2023-01-31 12198483 d:CurrentFinancialInstruments 2022-05-31 12198483 d:Non-currentFinancialInstruments 2023-01-31 12198483 d:Non-currentFinancialInstruments 2022-05-31 12198483 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12198483 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12198483 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12198483 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 12198483 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 12198483 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 12198483 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 12198483 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 12198483 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 12198483 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 12198483 d:ShareCapital 2023-01-31 12198483 d:ShareCapital 2022-05-31 12198483 d:RetainedEarningsAccumulatedLosses 2023-01-31 12198483 d:RetainedEarningsAccumulatedLosses 2022-05-31 12198483 c:FRS102 2022-06-01 2023-01-31 12198483 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-01-31 12198483 c:FullAccounts 2022-06-01 2023-01-31 12198483 c:PrivateLimitedCompanyLtd 2022-06-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 12198483









IE (GATSBY LONDON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2023

 
IE (GATSBY LONDON) LIMITED
REGISTERED NUMBER: 12198483

BALANCE SHEET
AS AT 31 JANUARY 2023

31 January
31 May
2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
135,844
137,817

Cash at bank and in hand
 5 
92,197
23,795

  
228,041
161,612

Creditors: amounts falling due within one year
 6 
(1,095,901)
(933,697)

Net current liabilities
  
 
 
(867,860)
 
 
(772,085)

Total assets less current liabilities
  
(867,860)
(772,085)

Creditors: amounts falling due after more than one year
 7 
(40,347)
(44,067)

  

Net liabilities
  
(908,207)
(816,152)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(908,208)
(816,153)

  
(908,207)
(816,152)


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 period 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 statement of income and retained earnings 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 28 November 2023.




Page 1

 
IE (GATSBY LONDON) LIMITED
REGISTERED NUMBER: 12198483
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

Louis Hartshorn
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
IE (GATSBY LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.


General information

IE (Gatsby London) Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS.

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 meets its day to day working capital requirements through its own resources and loans from third party angel investors who have provided funds specifically to support the company.
The directors have prepared forecasts and cash flow projections based on a number of potential scenarios. These, together with the reserves and cash held, indicate that the company has adequate resources to continue in operational existence for the foreseeable future. Further financial support has been received by way of a bounce back loan. It is, however, difficult to determine the assumptions that will prove to be the most appropriate therefore there is an element of uncertainty existing.
After reviewing the forecasts and projections, at the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the next twelve months. The directors therefore consider it appropriate to continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Revenue comprises of box office sales, net of commissions and banking charges, merchandise and bar sales and is exclusive of VAT. Revenue is recognised in the period to which the attendance occurred.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Borrowing costs

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

Page 3

 
IE (GATSBY LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

Debtors

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

 
2.8

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.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

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, loans to related parties and investments in ordinary shares.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the period was 0 (2022 - 0).

Page 4

 
IE (GATSBY LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

4.


Debtors

31 January
31 May
2023
2022
£
£


Trade debtors
84,711
91,905

Other debtors
51,133
42,414

Prepayments and accrued income
-
3,498

135,844
137,817



5.


Cash and cash equivalents

31 January
31 May
2023
2022
£
£

Cash at bank and in hand
92,197
23,795

92,197
23,795



6.


Creditors: Amounts falling due within one year

31 January
31 May
2023
2022
£
£

Bank loans
5,000
5,000

Trade creditors
220,429
78,838

Other taxation and social security
59,723
14,931

Other creditors
803,533
805,048

Accruals and deferred income
7,216
29,880

1,095,901
933,697


Page 5

 
IE (GATSBY LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due after more than one year

31 January
31 May
2023
2022
£
£

Bank loans
40,347
44,067

40,347
44,067



8.


Loans


Analysis of the maturity of loans is given below:


31 January
31 May
2023
2022
£
£

Amounts falling due within one year

Bank loans
5,000
5,000


5,000
5,000

Amounts falling due 1-2 years

Bank loans
5,000
5,000


5,000
5,000

Amounts falling due 2-5 years

Bank loans
15,000
15,000


15,000
15,000

Amounts falling due after more than 5 years

Bank loans
20,347
24,067

20,347
24,067

45,347
49,067


 
Page 6