BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the production of a theatrical show known as the "Spirit of Scotland Show". 28 February 2024 0 0 SC613520 2023-12-31 SC613520 2022-12-31 SC613520 2021-12-31 SC613520 2023-01-01 2023-12-31 SC613520 2022-01-01 2022-12-31 SC613520 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC613520 uk-curr:PoundSterling 2023-01-01 2023-12-31 SC613520 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 SC613520 uk-core:ShareCapital 2023-12-31 SC613520 uk-core:ShareCapital 2022-12-31 SC613520 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC613520 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 SC613520 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 SC613520 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 SC613520 uk-core:RestatedAmount uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 SC613520 uk-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 SC613520 uk-bus:FRS102 2023-01-01 2023-12-31 SC613520 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 SC613520 uk-core:WithinOneYear 2023-12-31 SC613520 uk-core:WithinOneYear 2022-12-31 SC613520 uk-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC613520 uk-bus:OrdinaryShareClass1 2023-12-31 SC613520 2023-01-01 2023-12-31 SC613520 uk-bus:Director1 2023-01-01 2023-12-31 SC613520 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Keenan & K Entertainment Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



Keenan & K Entertainment Ltd
DIRECTOR'S REPORT
for the financial year ended 31 December 2023

 
The director presents their report and the unaudited financial statements for the financial year ended 31 December 2023.
 
Principal Activity
The principal activity of the company is the production of a theatrical show known as the "Spirit of Scotland Show".
     
Results and Dividends
The profit for the financial year after providing for depreciation and taxation amounted to £181,201 (2022 - £2,536).
     
Director
The director who served during the financial year is as follows:
     
John Keenan
   
There were no changes in shareholdings between 31 December 2023 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of director's Responsibilities and Declaration on Unaudited Financial Statements
     
The director made the following statement in respect of the unaudited financial statements:
     
"General responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Director's declaration on unaudited financial statements
In relation to the financial statements comprising the Abridged Profit and Loss Account, the Abridged Balance Sheet, the Reconciliation of Shareholders' Funds and the related notes:
     
The director approves these financial statements and confirms that they is responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The director confirms that they has made available to DMB Chartered Accountants, all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
The director confirms that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the financial year ended 31 December 2023."
     
Post Balance Sheet Events
There have been no significant events affecting the company since the financial year-end.
     
Future Development
The directors are not expecting to make any significant changes in the nature of the business in the near future.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
John Keenan
Director
     
28 February 2024



Keenan & K Entertainment Ltd
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2023
2023 2022
Notes £ £

Gross profit 348,766 251,914
 
Administrative expenses (130,032) (249,378)
───────── ─────────
Profit on ordinary activities before taxation 218,734 2,536
 
Tax on profit on ordinary activities (37,533) -
───────── ─────────
Profit for the financial year 181,201 2,536
───────── ─────────
Total comprehensive income 181,201 2,536
    ═════════   ═════════



Keenan & K Entertainment Ltd
Company Registration Number: SC613520
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 3 5,222 -
Tangible assets 4 18,979 497
───────── ─────────
24,201 497
───────── ─────────
 
Current Assets
Debtors 229,827 7,644
Cash at bank and in hand 61,065 19,988
───────── ─────────
290,892 27,632
───────── ─────────
Creditors: amounts falling due within one year 5 (132,543) (26,780)
───────── ─────────
Net Current Assets 158,349 852
───────── ─────────
Total Assets less Current Liabilities 182,550 1,349
═════════ ═════════
 
Capital and Reserves
Called up share capital 6 2 2
Retained earnings 182,548 1,347
───────── ─────────
Shareholders' Funds 182,550 1,349
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 28 February 2024
           
           
John Keenan          
Director          
           



Keenan & K Entertainment Ltd
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 31 December 2023

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 January 2022 2 (1,189) (1,187)
───────── ───────── ─────────
Profit for the financial year - 2,536 2,536
───────── ───────── ─────────
At 31 December 2022 2 1,347 1,349
  ───────── ───────── ─────────
Profit for the financial year - 181,201 181,201
  ───────── ───────── ─────────
At 31 December 2023 2 182,548 182,550
  ═════════ ═════════ ═════════



Keenan & K Entertainment Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Keenan & K Entertainment Ltd is a company limited by shares incorporated and registered in the Scotland. The registered number of the company is SC613520. The registered office of the company is 1 Southfield Villas, Edinburgh, Scotland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover comprises the invoice value of services provided by the company, exclusive of value added tax.

Turnover from the provision of services is recognised in the accouting period in which the services are rendered and the outcome for the contract can be measured reliably.
 
Intangible assets
 
 
Intangible assets
Intangible assets are valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 5 years.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash at bank and in hand
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
The company discloses transactions with related parties which are not wholly owned with the same group.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

The Financial Statements have been prepared in Pound (£) which is also the functional currency of the company.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
     
3. Intangible assets
   
   
  £
Cost
At 1 January 2023 2,022
Additions 6,528
  ─────────
At 31 December 2023 8,550
  ─────────
Amortisation
At 1 January 2023 2,022
Charge for financial year 1,306
  ─────────
At 31 December 2023 3,328
  ─────────
Net book value
At 31 December 2023 5,222
  ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 January 2023 1,751 1,751
Additions 23,540 23,540
  ───────── ─────────
At 31 December 2023 25,291 25,291
  ───────── ─────────
Depreciation
At 1 January 2023 1,254 1,254
Charge for the financial year 5,058 5,058
  ───────── ─────────
At 31 December 2023 6,312 6,312
  ───────── ─────────
Net book value
At 31 December 2023 18,979 18,979
  ═════════ ═════════
At 31 December 2022 497 497
  ═════════ ═════════
       
5. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors 45,143 17,517
Amounts owed to connected parties 7,342 3,945
Taxation 54,266 2,718
Other creditors 19,949 -
Accruals 5,843 2,600
  ───────── ─────────
  132,543 26,780
  ═════════ ═════════
 
Amounts owed to connected parties are unsecured, interest free and repayable on demand.
           
6. Share capital     2023 2022
      £ £
Description Number of shares Value of units    
 
Allotted, called up and fully paid
STG£1 Ordinary Shares 2 £1 each 2 2
 
      ═════════ ═════════
         
The director's interests in the shares of the company are as follows:-
 
    Number Held At
Name Class of Shares 31/12/23 01/01/23
 
John Keenan Ordinary Shares 2 2
    ═════════ ═════════
       
7. Capital commitments
 
The company had no material capital commitments at the financial year ended 31 December 2023.
   
8. Contingent liabilities
 
There were no contingent liabilities affecting the company at the year ended 31 December 2023.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.