Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-301No description of principal activityfalse12023-01-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13912262 2023-01-01 2023-09-30 13912262 2022-02-13 2022-12-31 13912262 2023-09-30 13912262 2022-12-31 13912262 c:Director1 2023-01-01 2023-09-30 13912262 d:CurrentFinancialInstruments 2023-09-30 13912262 d:CurrentFinancialInstruments 2022-12-31 13912262 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13912262 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13912262 d:ShareCapital 2023-09-30 13912262 d:ShareCapital 2022-12-31 13912262 d:RetainedEarningsAccumulatedLosses 2023-09-30 13912262 d:RetainedEarningsAccumulatedLosses 2022-12-31 13912262 c:FRS102 2023-01-01 2023-09-30 13912262 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-09-30 13912262 c:FullAccounts 2023-01-01 2023-09-30 13912262 c:PrivateLimitedCompanyLtd 2023-01-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 13912262









WALLED GARDEN ENTERPRISES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

 
WALLED GARDEN ENTERPRISES LIMITED
REGISTERED NUMBER: 13912262

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

30 September
31 December
2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
430,146
292,897

Cash at bank and in hand
  
-
110

  
430,146
293,007

Creditors: amounts falling due within one year
 6 
(592,857)
(402,894)

Net current liabilities
  
 
 
(162,711)
 
 
(109,887)

Total assets less current liabilities
  
(162,711)
(109,887)

  

Net liabilities
  
(162,711)
(109,887)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(162,712)
(109,888)

  
(162,711)
(109,887)


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 his 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 18 January 2024.



Adam McKenzie Wylie
Director

Page 1

 
WALLED GARDEN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


General information

Walled Garden Enterprises Limited is a private company limited by shares and registered in England and Wales. The address of the 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 reporting period has been shortened during the year, the results for the current period reflect a 9 month period ended 30 September 2023.   
The Company's functional and presentational currency is GBP.

 
2.2

Going concern

The company is showing net liabilities at the reporting date. The company meets its day to day working capital requirements through its own resources, an intercompany loan and a loan from a third party investor who have provided funds specifically to support the company.
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director therefore continues 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 and is exclusive of VAT. Revenue is recognised in the period to which the attendance occurred.

 
2.4

Borrowing costs

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

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
The company is eligible to claim a tax credit on theatre production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The company claims a payment based on the amount of enhanceable expenditure and carries losses arising from total net costs forward against future profits.

 
2.6

Debtors

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

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WALLED GARDEN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

 
2.8

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the reporting date based on invoices received after the period end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.


4.


Employees

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


5.


Debtors

30 September
31 December
2023
2022
£
£


Trade debtors
321,196
145,750

Other debtors
108,950
147,147

430,146
292,897


Page 3

 
WALLED GARDEN ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

6.


Creditors: Amounts falling due within one year

30 September
31 December
2023
2022
£
£

Bank overdrafts
97
-

Trade creditors
415,742
174,047

Amounts owed to group undertakings
79,554
176,932

Other taxation and social security
30,708
17,415

Other creditors
59,256
-

Accruals and deferred income
7,500
34,500

592,857
402,894


Included in other creditors is a loan balance of £59,256 which has been guaranteed by the company's parent company and director, Adam McKenzie Wylie. There is no interest attached to the loan and the balance is repayable on demand.  


7.


Contingent liabilities

The company is a guarantor for a loan in its parent company, Histrionic Productions Limited. The guarantee includes fixed and floating charges and creates a potential future liability should the parent fail to keep up with the loan repayments. 


8.


Controlling party

The company's immediate parent and and controlling party is Histrionic Productions Ltd, a company incorporated in England. The company's registered number is 11093924.

 
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