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REGISTERED NUMBER: 06815540 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Eat Work Art Limited

Eat Work Art Limited (Registered number: 06815540)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Eat Work Art Limited (Registered number: 06815540)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,029,173 1,377,358

CURRENT ASSETS
Debtors 18,288,234 19,737,474
Cash at bank 462,767 286,877
18,751,001 20,024,351
CREDITORS
Amounts falling due within one year 3,156,062 6,374,165
NET CURRENT ASSETS 15,594,939 13,650,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,624,112

15,027,544

CREDITORS
Amounts falling due after more than one
year

5

(2,669,457

)

(2,677,519

)

PROVISIONS FOR LIABILITIES 6 (494,121 ) (249,490 )
NET ASSETS 14,460,534 12,100,535

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,460,434 12,100,435
SHAREHOLDERS' FUNDS 14,460,534 12,100,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

Eat Work Art Limited (Registered number: 06815540)

Abridged Balance Sheet - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





Mr L Lawson-O'Neil - Director


Eat Work Art Limited (Registered number: 06815540)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Eat Work Art Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06815540

Registered office: Hackney Downs Studios
Amhurst Terrace
London
E8 2BT

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold improvements - 10% on cost
Fixtures, fittings and equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

Eat Work Art Limited (Registered number: 06815540)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 2,577,448
Additions 887,444
At 31 August 2023 3,464,892
DEPRECIATION
At 1 September 2022 1,200,090
Charge for year 235,629
At 31 August 2023 1,435,719
NET BOOK VALUE
At 31 August 2023 2,029,173
At 31 August 2022 1,377,358

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.8.23 31.8.22
£    £   
Repayable by instalments
Other loans more 5yrs instal - 387,202

6. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 494,121 249,490

Deferred
tax
£   
Balance at 1 September 2022 249,490
Accelerated capital allowances 244,631
Balance at 31 August 2023 494,121

Eat Work Art Limited (Registered number: 06815540)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. RELATED PARTY DISCLOSURES

Included in other debtors is a sum of £2,057,076 (2022: £679,257) due from Creative Network Communications Limited, a company within the group of companies ultimately controlled by Creative Network Partners Limited.

Included in other debtors is a sum of £193,368 (2022: £149,549) due from KHH Ltd, a wholly owned subsidiary and company within the group of companies ultimately controlled by Creative Network Partners Ltd.

Included in other debtors is a sum of £14,637,069 (2022: £18,087,989) due from Creative Network Partners Limited, the ultimate controlling company.

Included in other debtors ia a sum of £107,770 (2022: £Nil) due from Sunbury Workshops Holdings Limited, a company within the group of companies ultimately controlled by Creative Network Partners Limited.

Included in other creditors is a sum of £750,857 (2022: £Nil) due to Eat Work Art Investments Limited, a company within the group of companies ultimately controlled by Creative Network Partners Limited.

Included in other creditors is a sum of £ 22,673 (2022: £23,093) due to Creative Network Events Limited, a company in which the sole director has an interest.

Included in other creditors is a sum of £28,000 (2022: £Nil) due to Tiny Wilds Limited, a company in which a related party of the sole director has an interest.