Company registration number 6238751 (England and Wales)
YOUNG VIC PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
YOUNG VIC PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
YOUNG VIC PRODUCTIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
7,223
1
Investments
4
61,844
-
0
Cash at bank and in hand
8,207
8,277
77,274
8,278
Creditors: amounts falling due within one year
5
(68,521)
(8,509)
Net current assets/(liabilities)
8,753
(231)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
8,752
(232)
Total equity
8,753
(231)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 16 November 2023 and are signed on its behalf by:
G Earle
Director
Company Registration No. 6238751
YOUNG VIC PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Young Vic Productions Limited 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.

1.1
Accounting convention

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.

 

The financial statements have been prepared on a going concern basis. The use of the going concern basis is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

 

The financial statements are presented in United Kingdom pound sterling which is the functional currency of the company and rounded to the nearest £.

1.2
Turnover

Turnover consists of box office income from productions and is measured at the fair value of the consideration received.

1.3

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
7,223
1
4
Current asset investments
2023
2022
£
£
Other investments
61,844
-
0
YOUNG VIC PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
68,521
8,509
6
Related party transactions

The company's related parties, with whom the company had transactions during the year, were as follows:

 

The Young Vic Company - Parent company

 

At the year end, the company owed £58,932 to The Young Vic Company (2022: £nil).

7
Parent company

The company is a subsidiary undertaking of The Young Vic Company, a charitable company limited by guarantee and registered in England and Wales.

 

The company has no one overall controlling party.

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