Caseware UK (AP4) 2022.0.179 2022.0.179 2023-11-262023-11-26true2022-10-02falseNo description of principal activity8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14391888 2022-10-01 14391888 2022-10-02 2023-11-26 14391888 2021-10-02 2022-10-01 14391888 2023-11-26 14391888 c:Director1 2022-10-02 2023-11-26 14391888 d:CurrentFinancialInstruments 2023-11-26 14391888 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-26 14391888 d:ShareCapital 2023-11-26 14391888 d:RetainedEarningsAccumulatedLosses 2023-11-26 14391888 c:FRS102 2022-10-02 2023-11-26 14391888 c:AuditExempt-NoAccountantsReport 2022-10-02 2023-11-26 14391888 c:FullAccounts 2022-10-02 2023-11-26 14391888 c:PrivateLimitedCompanyLtd 2022-10-02 2023-11-26 14391888 2 2022-10-02 2023-11-26 iso4217:GBP xbrli:pure

Registered number: 14391888









DRIFTERS GIRL UK TOUR LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 26 NOVEMBER 2023

 
DRIFTERS GIRL UK TOUR LTD
REGISTERED NUMBER: 14391888

BALANCE SHEET
AS AT 26 NOVEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
962,217

Cash at bank and in hand
 5 
176,402

  
1,138,619

Creditors: amounts falling due within one year
 6 
(1,585,113)

Net current (liabilities)/assets
  
 
 
(446,494)

Total assets less current liabilities
  
(446,494)

  

Net (liabilities)/assets
  
(446,494)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(446,496)

  
(446,494)


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 period 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 income and retained earnings 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 23 April 2024.




M W Harrison
Director

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

Page 1

 
DRIFTERS GIRL UK TOUR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 NOVEMBER 2023

1.


General information

Drifters Girl UK Tour Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is 2nd Floor, 45 Monmouth Street, London, WC2H 9DG.
The company was incorporated on 2 October 2022 and began trading on this date.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company had net liabilities of £446,494 and is dependent on the support of a related company which has confirmed their intention to support the company. As a result the directors believe it is appropriate to prepare the accounts on the going concern basis. The financial  statements  do  not  include  adjustments  that would result from the withdrawal of this financial support.

 
2.3

Revenue

Revenue comprises the company's share, as producer, of admissions receipts after the theatres have deducted relevant commissions and banking charges plus non returnable production funding. Revenue is recognised in the period to which the attendance occurs.

 
2.4

Interest income

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

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.
The Company is eligible to claim a tax credit on production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.6

Debtors

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

Page 2

 
DRIFTERS GIRL UK TOUR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 8.


4.


Debtors

2023
£


Trade debtors
379,508

Other debtors
1

Prepayments and accrued income
34,678

Tax recoverable
548,030

962,217



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
176,402

176,402


Page 3

 
DRIFTERS GIRL UK TOUR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
600,052

Other taxation and social security
54,696

Other creditors
599,999

Accruals and deferred income
330,366

1,585,113



7.


Related party transactions

Cost of sales include production costs and royalties of £554,082 payable to companies in which the directors have an interest. At the reporting date, creditors include £1,312,895 due to these companies.

 
Page 4