Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28No description of principal activity32022-03-01truefalse3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11214898 2022-03-01 2023-02-28 11214898 2021-03-01 2022-02-28 11214898 2023-02-28 11214898 2022-02-28 11214898 c:Director3 2022-03-01 2023-02-28 11214898 d:CurrentFinancialInstruments 2023-02-28 11214898 d:CurrentFinancialInstruments 2022-02-28 11214898 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11214898 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11214898 d:ShareCapital 2023-02-28 11214898 d:ShareCapital 2022-02-28 11214898 d:RetainedEarningsAccumulatedLosses 2023-02-28 11214898 d:RetainedEarningsAccumulatedLosses 2022-02-28 11214898 c:FRS102 2022-03-01 2023-02-28 11214898 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11214898 c:FullAccounts 2022-03-01 2023-02-28 11214898 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11214898 2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 11214898









SAVING GRACE STAGE PRODUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
SAVING GRACE STAGE PRODUCTION LIMITED
REGISTERED NUMBER: 11214898

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
631,871
217,237

Debtors: amounts falling due within one year
 5 
204,393
8,556

Cash at bank and in hand
 6 
191,570
159,220

  
1,027,834
385,013

Creditors: amounts falling due within one year
 7 
(1,027,756)
(393,312)

Net current assets/(liabilities)
  
 
 
78
 
 
(8,299)

Total assets less current liabilities
  
78
(8,299)

  

Net assets/(liabilities)
  
78
(8,299)


Capital and reserves
  

Called up share capital 
  
78
78

Profit and loss account
  
-
(8,377)

  
78
(8,299)


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 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 29 February 2024.


B Wragg
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
SAVING GRACE STAGE PRODUCTION LIMITED
REGISTERED NUMBER: 11214898
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023


Page 2

 
SAVING GRACE STAGE PRODUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Saving Grace Stage Production 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 and its principal place of business is Unit 1, Stamford Brook Road, London, W6 0XH. 

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 is financed by recoupable production funding which is only repayable from future production revenues.  
After reviewing the company's funding facilities, forecasts and projections, 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 ap[propriate to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Revenue comprises the company's share, as producer, of admission receipts after the theatres have deducted relevant commissions and banking charges. Revenue is recognised in the period to which attendance occurs.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Stocks

Stocks comprise theatre production costs, which are recorded as a current asset. Theatre production costs are amortised to the Statement of Income and Retained Earnings over the estimated life of the production on an anticipated revenue basis subject to any impairment.

Page 3

 
SAVING GRACE STAGE PRODUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short term debtors are measured at the 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, less any impairment.

 
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, and loans from third parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Stocks

2023
2022
£
£

Theatre production costs
631,871
217,237

631,871
217,237



5.


Debtors

2023
2022
£
£


Other debtors
204,349
8,478

Called up share capital not paid
44
78

204,393
8,556


Page 4

 
SAVING GRACE STAGE PRODUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
191,570
159,220

191,570
159,220



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
22,440
40,812

Other creditors
1,000,966
350,000

Accruals and deferred income
4,350
2,500

1,027,756
393,312



8.


Controlling party

During the year, the company was under the control of the directors.

 
Page 5