Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-01falseArtistic creation10falsetrue 08249491 2022-07-01 2023-06-30 08249491 2021-07-01 2022-06-30 08249491 2023-06-30 08249491 2022-06-30 08249491 c:Director2 2022-07-01 2023-06-30 08249491 d:CurrentFinancialInstruments 2023-06-30 08249491 d:CurrentFinancialInstruments 2022-06-30 08249491 d:Non-currentFinancialInstruments 2023-06-30 08249491 d:Non-currentFinancialInstruments 2022-06-30 08249491 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08249491 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08249491 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 08249491 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 08249491 d:ShareCapital 2023-06-30 08249491 d:ShareCapital 2022-06-30 08249491 d:CapitalRedemptionReserve 2023-06-30 08249491 d:CapitalRedemptionReserve 2022-06-30 08249491 d:RetainedEarningsAccumulatedLosses 2023-06-30 08249491 d:RetainedEarningsAccumulatedLosses 2022-06-30 08249491 c:OrdinaryShareClass1 2022-07-01 2023-06-30 08249491 c:OrdinaryShareClass1 2023-06-30 08249491 c:FRS102 2022-07-01 2023-06-30 08249491 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08249491 c:FullAccounts 2022-07-01 2023-06-30 08249491 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08249491 2 2022-07-01 2023-06-30 08249491 6 2022-07-01 2023-06-30 08249491 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08249491














BROADWICK LIVE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
BROADWICK LIVE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
BROADWICK LIVE LIMITED
REGISTERED NUMBER:08249491

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed asset
  

Investments
 4 
-
7

Current assets
  

Debtors: amounts falling due within one year
 5 
996,547
2,960,421

Cash at bank and in hand
  
762,128
158,429

  
1,758,675
3,118,850

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,149,323)
(2,049,400)

Net current assets
  
 
 
609,352
 
 
1,069,450

Total assets less current liabilities
  
609,352
1,069,457

Creditors: amounts falling due after more than one year
 7 
(27,500)
(37,500)

  

Net assets
  
581,852
1,031,957


Capital and reserves
  

Called up share capital 
 8 
300,100
300,100

Capital redemption reserve
  
1,083,339
1,083,339

Profit and loss account
  
(801,587)
(351,482)

  
581,852
1,031,957


Page 1

 
BROADWICK LIVE LIMITED
REGISTERED NUMBER:08249491
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

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 comprehensive income 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 11 March 2024.




B J Thompson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BROADWICK LIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

The principal activity of the company is festival and event management.
The company is a private limited liability company registered in England and Wales. Its registered office address is 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.

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

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year, net of trade discounts and excluding value added tax. 
Revenue from recharges is recognised in the same period as the expenses to which it relates.

 
2.3

Government grants

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method.

 
2.6

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
BROADWICK LIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

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 reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 10).

Page 4

 
BROADWICK LIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Fixed asset investments





Investments in subsidiary companies

£





At 1 July 2022
7


Disposals
(7)



At 30 June 2023
-





5.


Debtors

2023
2022
£
£


Trade debtors
6,143
23,790

Amounts owed by group undertakings
-
276,181

Other debtors
643,115
2,313,161

Tax recoverable
347,289
347,289

996,547
2,960,421



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
42,788
35,711

Amounts owed to group undertakings
-
2,816

Taxation and social security
813,300
908,617

Other creditors
278,185
1,086,706

Accruals and deferred income
5,050
5,550

1,149,323
2,049,400


Page 5

 
BROADWICK LIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
27,500
37,500



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



300,100 Ordinary shares of £1.00 each
300,100
300,100



9.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,375 (2022 - £34,986). Contributions amounting to £6,005 (2022 - £4,380) were payable to the fund at the reporting date.


10.


Parent undertaking

The company's immediate and ultimate parent undertaking is Broadwick Productions Limited, a company registered in England and Wales. Its registered office address is 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB. 

 
Page 6