Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-30falseThe principal activity of the company is that of artistic creation.false2022-04-011truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14019319 2022-03-31 14019319 2022-04-01 2023-04-30 14019319 2021-04-01 2022-03-31 14019319 2023-04-30 14019319 c:Director1 2022-04-01 2023-04-30 14019319 d:CurrentFinancialInstruments 2023-04-30 14019319 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14019319 d:ShareCapital 2023-04-30 14019319 d:RetainedEarningsAccumulatedLosses 2023-04-30 14019319 c:OrdinaryShareClass1 2022-04-01 2023-04-30 14019319 c:OrdinaryShareClass1 2023-04-30 14019319 c:EntityNoLongerTradingButTradedInPast 2022-04-01 2023-04-30 14019319 c:FRS102 2022-04-01 2023-04-30 14019319 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-04-30 14019319 c:FullAccounts 2022-04-01 2023-04-30 14019319 c:PrivateLimitedCompanyLtd 2022-04-01 2023-04-30 14019319 d:Subsidiary1 2022-04-01 2023-04-30 14019319 d:Subsidiary1 1 2022-04-01 2023-04-30 14019319 6 2022-04-01 2023-04-30 14019319 e:PoundSterling 2022-04-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14019319














RUSTIC CANYON LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

 
RUSTIC CANYON LIMITED
REGISTERED NUMBER:14019319

BALANCE SHEET
AS AT 30 APRIL 2023

2023
Note
£

Fixed assets
  

Investments
 4 
100

  
100

Current assets
  

Debtors: amounts falling due within one year
 5 
369

  
369

Creditors: amounts falling due within one year
 6 
(1,986)

Net current liabilities
  
 
 
(1,617)

Total assets less current liabilities
  
(1,517)

  

Net liabilities
  
(1,517)


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
(1,617)

  
(1,517)


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 her 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 by: 




B Earl
Director

Date: 28 March 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
RUSTIC CANYON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Rustic Canyon Limited is a private company, limited by shares, registered in England and Wales, registration number 14019319. The registered office address is Elsley Court,  20-22 Great Titchfield Street, London, W1W 8BE.
The company was incorporated on 1 April 2022 and commenced trading on the same date.
The principal activity of the company is that of artistic creation.

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.

 
2.2

Taxation

Corporation 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilitie such as other debtors, other creditors and loans with related parties.


3.


Employees

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

Page 2

 
RUSTIC CANYON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


Additions
100



At 30 April 2023
100





Subsidiary undertaking


The following was a subsidiary undertaking of the company:

Name

Registered office

Principal activity

Class of shares

Holding

Marianne Faithfull Limited
Elsley Court
20-22 Great
Titchfield Street
London
W1W 8BE
Artist creation, including the production of a feature length film documentary for theatrical release
Ordinary shares
 100%






5.


Debtors

2023
£


Prepayments
369



6.


Creditors: amounts falling due within one year

2023
£

Amounts owed to group undertakings
393

Other creditors
453

Accruals
1,140

1,986


Page 3

 
RUSTIC CANYON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

7.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation, the company issued 100 ordinary shares at a nominal value of £1.00.


8.


Transactions with director

During the period, the director advanced £453 to the company. At the period end, the company owed £453 to the director. The loan is unsecured, interest free and repayable on demand.


9.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.
 
Page 4