Those Beyond Limited
Unaudited Financial Statements
For the year ended 31 August 2023
Pages for Filing with Registrar
Company Registration No. 13528288 (England and Wales)
Those Beyond Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Those Beyond Limited
Balance Sheet
As at 31 August 2023
Page 1
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
150,001
150,001
Current assets
Debtors
5
6,630,597
1,796,376
Cash at bank and in hand
766
4,834,987
6,631,363
6,631,363
Creditors: amounts falling due within one year
6
(333,305)
(328,305)
Net current assets
6,298,058
6,303,058
Net assets
6,448,059
6,453,059
Capital and reserves
Called up share capital
7
1,512
1,512
Share premium account
6,509,297
6,509,297
Profit and loss reserves
(62,750)
(57,750)
Total equity
6,448,059
6,453,059

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Those Beyond Limited
Balance Sheet (Continued)
As at 31 August 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 15 April 2024 and are signed on its behalf by:
M Warrick
Director
Company Registration No. 13528288
Those Beyond Limited
Notes to the Financial Statements
For the year ended 31 August 2023
Page 3
1
Accounting policies
Company information

Those Beyond Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Queen Street, Bath, Somerset, BA1 1HE.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

During the period ended 31 August 2023 the company generated a net loss of £5,000 (2022: £57,750) and at the balance sheet date had net assets of £6,448,059 (2022: £6,453,059). The company's subsidiary continues to cover the costs of the company, and have provided assurance over the repayment terms of the intercompany loan, thereby not jeopardising the company's ability to continue trading as a going concern. At the time of approving the financials statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Those Beyond Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
1
Accounting policies
(Continued)
Page 4
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0.

3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
150,001
150,001
4
Subsidiaries

Details of the company's subsidiaries at 31 August 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Those Beyond Studios Limited
12 Queen Street, Bath, Somerset, BA1 1HE
Ordinary
100.00
Those Beyond Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
Page 5
5
Debtors
2023
2022
As restated
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
6,630,590
1,796,369
Other debtors
7
7
6,630,597
1,796,376
6
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
324,305
324,305
Accruals and deferred income
9,000
4,000
333,305
328,305

Other creditors of £324,305 relate to an unsecured loan from a director.

7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of 0.01p each
8,499,750
8,499,750
850
850
Pre-seed 1 Shares of 0.01p each
1,687,500
1,687,500
169
169
Pre-seed 2 Shares of 0.01p each
812,500
812,500
81
81
Seed 1 Shares of 0.01p each
3,810,621
3,810,621
381
381
Seed 2 Shares of 0.01p each
313,073
313,073
31
31
15,123,444
15,123,444
1,512
1,512

All classes of shares have attached to them full voting, dividend and capital distribution (included on winding up) rights. They do not confer any rights of redemption.

8
Related party transactions

The company has taken advantage of the exemption available in accordance with FRS 102 Section 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, as the company in which the transactions relate to is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

9
Parent company

There is no single ultimate controlling party.

Those Beyond Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
Page 6
10
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Aug 2022
£
£
£
Current assets
Debtors due within one year
6,631,363
(4,834,987)
1,796,376
Bank and cash
-
4,834,987
4,834,987
Capital and reserves
Total equity
6,453,059
-
6,453,059
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 31 August 2022
£
£
£
Loss for the financial period
(57,750)
-
(57,750)
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