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REGISTERED NUMBER: 06973634 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Ballet Theatre UK Limited

Ballet Theatre UK Limited (Registered number: 06973634)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ballet Theatre UK Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: C P Moore





SECRETARY: C P Moore





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 06973634 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Ballet Theatre UK Limited (Registered number: 06973634)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 316,920 438,096
316,920 438,096

CURRENT ASSETS
Stocks 29,950 36,700
Debtors 6 32,119 83,283
Cash at bank 60 -
62,129 119,983
CREDITORS
Amounts falling due within one year 7 283,760 237,286
NET CURRENT LIABILITIES (221,631 ) (117,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,289

320,793

CREDITORS
Amounts falling due after more than one year 8 161,572 181,961
NET (LIABILITIES)/ASSETS (66,283 ) 138,832

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 10 194,665 294,804
Retained earnings (260,951 ) (155,975 )
(66,283 ) 138,832

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Ballet Theatre UK Limited (Registered number: 06973634)

Balance Sheet - continued
31 July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 July 2024 and were signed by:





C P Moore - Director


Ballet Theatre UK Limited (Registered number: 06973634)

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

1. STATUTORY INFORMATION

Ballet Theatre UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance, 5% on reducing balance and in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Ballet Theatre UK Limited (Registered number: 06973634)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 16,800
AMORTISATION
At 1 August 2022
and 31 July 2023 16,800
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 August 2022 39,790 70,463 202,790
Disposals - - -
At 31 July 2023 39,790 70,463 202,790
DEPRECIATION
At 1 August 2022 26,250 29,764 71,398
Charge for year 3,316 2,035 6,899
Eliminated on disposal - - -
At 31 July 2023 29,566 31,799 78,297
NET BOOK VALUE
At 31 July 2023 10,224 38,664 124,493
At 31 July 2022 13,540 40,699 131,392

Ballet Theatre UK Limited (Registered number: 06973634)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Props and
vehicles costumes Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 14,133 373,456 700,632
Disposals (14,133 ) (139,645 ) (153,778 )
At 31 July 2023 - 233,811 546,854
DEPRECIATION
At 1 August 2022 10,282 124,842 262,536
Charge for year 577 7,555 20,382
Eliminated on disposal (10,859 ) (42,125 ) (52,984 )
At 31 July 2023 - 90,272 229,934
NET BOOK VALUE
At 31 July 2023 - 143,539 316,920
At 31 July 2022 3,851 248,614 438,096

Cost or valuation at 31 July 2023 is represented by:

Improvements Fixtures
to Plant and and Props and
property machinery fittings costumes Totals
£    £    £    £    £   
Valuation in 2015 - - 202,790 - 202,790
Valuation in 2023 - - - 233,811 233,811
Cost 39,790 70,463 - - 110,253
39,790 70,463 202,790 233,811 546,854

If plant and machinery etc had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 352,188 405,827
Aggregate depreciation 172,726 174,598

Carrying amounts under the cost model would be £179,462 (2022: £231,229).
Revalued fixed assets are valued at the estimation of the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 26,358 68,082
Other debtors 5,761 15,201
32,119 83,283

Ballet Theatre UK Limited (Registered number: 06973634)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 46,498 11,302
Trade creditors 16,425 10,394
Taxation and social security 26,305 18,801
Other creditors 194,532 196,789
283,760 237,286

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 161,572 181,961

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank overdrafts 46,498 11,302
Other loans 29,942 41,380
76,440 52,682

Charges are held by Thincats Loan Syndicates Limited and HSBC Bank PLC over the property and undertaking of the company, further details may be found on companies house.

10. RESERVES
Revaluation
reserve
£   
At 1 August 2022 294,804
Disposal of revalued assets (100,139 )

At 31 July 2023 194,665

11. GOING CONCERN

The director has carried out a review of the Company's financial position for a period of 12 months from the date of signing these financial statements. This review has considered the specific business risks and uncertainties brought about by the current economic environment and the potential impact on the Company's financial performance. Having assessed the likely impact on the company's performance, the director is satisfied that the company has adequate resources to continue to meet its liabilities are they fall due and therefore continue to adopt the going concern basis in preparing these financial statements.