Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31falsetrue2022-11-01falsePerforming arts1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14423388 2022-10-31 14423388 2022-11-01 2023-10-31 14423388 2021-11-01 2022-10-31 14423388 2023-10-31 14423388 c:Director1 2022-11-01 2023-10-31 14423388 d:CurrentFinancialInstruments 2023-10-31 14423388 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14423388 d:ShareCapital 2023-10-31 14423388 d:RetainedEarningsAccumulatedLosses 2023-10-31 14423388 c:OrdinaryShareClass1 2022-11-01 2023-10-31 14423388 c:OrdinaryShareClass1 2023-10-31 14423388 c:FRS102 2022-11-01 2023-10-31 14423388 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 14423388 c:FullAccounts 2022-11-01 2023-10-31 14423388 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14423388









LONDON CITY BALLET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
LONDON CITY BALLET LIMITED
REGISTERED NUMBER: 14423388

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
Note
£

  

Current assets
  

Stocks
 5 
13,463

Cash at bank and in hand
  
5,354

  
18,817

Creditors: amounts falling due within one year
 6 
(23,252)

Net current (liabilities)/assets
  
 
 
(4,435)

Total assets less current liabilities
  
(4,435)

  

Net (liabilities)/assets
  
(4,435)


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
(4,436)

  
(4,435)


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 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 on 1 February 2024.



C Smith
Director

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

Page 1

 
LONDON CITY BALLET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

London City Ballet Limited is a private company limited by shares incorporated in the United Kingdom. The address of its registered office is 27 Old Gloucester Street, London, England, WC1N 3AX.
The company weas incorporated on 17 October 2022 and started trading in May 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.

Functional and presentation currency
The Company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is showing net liabilities at the reporting date. In order to continue traiding it is dependent on the continued financial support from the company director who has confirmed his intention to continue his support for the foreseeable future.On these grounds, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Stocks- Production costs

Production costs comprise all costs incurred in the staging of ballet performances. These costs are recognised in the Statement of Income and Retained Earnings in the period the production commences. If the production is yet to commence at the reporting date, all costs are carried forward in the Statement of Financial Position as stock .

 
2.4

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 other third parties and related parties


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 year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.

Page 2

 
LONDON CITY BALLET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Employees

The average monthly number of employees, including directors, during the period was 1.


5.


Stocks

2023
£

Production costs
13,463



6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
21,452

Accruals and deferred income
1,800

23,252



7.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation, the company issued 1 Ordinary Share of £1.00, for cash at par.


8.


Related party transactions

At the reporting date the company owed £21,452 which is included in other creditors to C Smith, the director. The balance was provided interest free and is repayable on demand.

 
Page 3