REGISTERED NUMBER: 03862080 (England and Wales) |
Group Strategic Report, |
Report of the Directors and |
Consolidated Financial Statements |
for the Period 1st May 2022 to 29th April 2023 |
for |
Eight Rooks Limited |
REGISTERED NUMBER: 03862080 (England and Wales) |
Group Strategic Report, |
Report of the Directors and |
Consolidated Financial Statements |
for the Period 1st May 2022 to 29th April 2023 |
for |
Eight Rooks Limited |
Eight Rooks Limited (Registered number: 03862080) |
Contents of the Consolidated Financial Statements |
for the Period 1st May 2022 to 29th April 2023 |
Page |
Company Information | 1 |
Group Strategic Report | 2 |
Report of the Directors | 3 |
Report of the Independent Auditors | 5 |
Consolidated Income Statement | 8 |
Consolidated Other Comprehensive Income | 9 |
Consolidated Statement of Financial Position | 10 |
Company Statement of Financial Position | 11 |
Consolidated Statement of Changes in Equity | 12 |
Company Statement of Changes in Equity | 13 |
Consolidated Statement of Cash Flows | 14 |
Notes to the Consolidated Statement of Cash Flows | 15 |
Notes to the Consolidated Financial Statements | 16 |
Eight Rooks Limited |
Company Information |
for the Period 1st May 2022 to 29th April 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
272 Regents Park Road |
London |
N3 3HN |
Eight Rooks Limited (Registered number: 03862080) |
Group Strategic Report |
for the Period 1st May 2022 to 29th April 2023 |
The directors present their strategic report of the company and the group for the period 1st May 2022 to 29th April 2023. |
BUSINESS REVIEW AND FUTURE DEVELOPMENTS |
The principal activity of the group is that of television drama production. |
The group provides creative services including producing, directing, writing and originating new content for the high-end television industry. It receives fees for such services and ongoing royalties for past productions. |
The directors are pleased to report another successful trading year with an after-tax profit of £2.23m. |
The directors are working on new projects and look forward to the future with confidence. |
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES |
The group is exposed to financial risks arising in the ordinary course of trading. The high-end television industry is susceptible to changes in legislation, regulation and government policy. Bringing new projects to fruition depends upon demand from major broadcasters and streaming services and any downturn could adversely affect the ability to successfully finance or market new productions in the short to medium term. |
The group partners with major production companies to execute projects and if a production partner suffers financial or other problems, these could cause the group to fail to make timely delivery of projects on budget. |
The groups customers are major UK and international broadcasters and distributors, and its production partners are financially sound and highly experienced, so there is considered to be very little risk either operationally or financially with counter parties. |
The group's major financial assets are cash at bank and debtors, and there is considered to be very little risk over the non-recoverability of debts. |
ON BEHALF OF THE BOARD: |
Eight Rooks Limited (Registered number: 03862080) |
Report of the Directors |
for the Period 1st May 2022 to 29th April 2023 |
The directors present their report with the financial statements of the company and the group for the period 1st May 2022 to 29th April 2023. |
DIVIDENDS |
Interim dividends per share were paid as follows: |
Ordinary A £1 shares | £1,840 | - 1st May 2022 |
Ordinary B £1 shares | £1,840 | - 1st May 2022 |
The directors recommend that no final dividends be paid. |
The total distribution of dividends for the period ended 29th April 2023 will be £ 184,000 . |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st May 2022 to the date of this report. |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information. |
Eight Rooks Limited (Registered number: 03862080) |
Report of the Directors |
for the Period 1st May 2022 to 29th April 2023 |
AUDITORS |
The auditors, Spencer Hyde Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
ON BEHALF OF THE BOARD: |
Report of the Independent Auditors to the Members of |
Eight Rooks Limited |
Qualified opinion |
We have audited the financial statements of Eight Rooks Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 29th April 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion paragraph, the financial statements: |
- give a true and fair view of the state of the company's affairs as at 31st December 2020 and of its profit for the year then ended; |
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion |
The evidence available to us was limited because we were appointed as auditors during the year and we have been unable to carry out auditing procedures necessary to obtain adequate assurance regarding the opening balances and comparative figures because the financial statements for the year ended 30th April 2022 were unaudited. Any adjustments to the opening balances would have a consequential effect on the profit for the year. In addition, the amounts shown as corresponding amounts for the year ended 30th April 2022 may not be comparable with the figures for the current period. |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
Other matter |
Comparative information in the financial statements is derived from the company's prior period financial statements which were not audited. |
Report of the Independent Auditors to the Members of |
Eight Rooks Limited |
Other information |
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors. |
In respect solely of the limitation on our work relating to opening balances: |
- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and |
- we were unable to determine whether adequate accounting records had been maintained. |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
- | the parent company financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors |
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so. |
Report of the Independent Auditors to the Members of |
Eight Rooks Limited |
Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
We obtained an understanding of the legal and regulatory framework applicable to the company financial statements or that had a fundamental effect on the operations of the company. We determined that the most significant laws and regulations included UK GAAP, UK Companies Act 2006, and taxation laws. |
We assessed the susceptibility fo the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included challenging assumptions and judgements made by management in its significant accounting estimates and identifying and testing journal entries, in particular any journal entries posted with unusual characteristics. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
Use of our report |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Statutory Auditor |
272 Regents Park Road |
London |
N3 3HN |
Eight Rooks Limited (Registered number: 03862080) |
Consolidated |
Income Statement |
for the Period 1st May 2022 to 29th April 2023 |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
Notes | £ | £ |
TURNOVER | 2,237,848 | 10,996,174 |
Cost of sales | 155,628 | 10,875,626 |
GROSS PROFIT | 2,082,220 | 120,548 |
Administrative expenses | 137,777 | 78,200 |
1,944,443 | 42,348 |
Other operating income | 7,231 | 3,004 |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION | 1,951,674 | 45,352 |
Tax on profit | 5 | (282,310 | ) | (1,121,902 | ) |
PROFIT FOR THE FINANCIAL PERIOD |
Profit attributable to: |
Owners of the parent | 2,222,851 | 1,177,351 |
Non-controlling interests | 11,133 | (10,097 | ) |
2,233,984 | 1,167,254 |
Eight Rooks Limited (Registered number: 03862080) |
Consolidated |
Other Comprehensive Income |
for the Period 1st May 2022 to 29th April 2023 |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
Notes | £ | £ |
PROFIT FOR THE PERIOD | 2,233,984 | 1,167,254 |
OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
2,233,984 |
1,167,254 |
Total comprehensive income attributable to: |
Owners of the parent | 2,222,851 | 1,177,351 |
Non-controlling interests | 11,133 | (10,097 | ) |
2,233,984 | 1,167,254 |
Eight Rooks Limited (Registered number: 03862080) |
Consolidated Statement of Financial Position |
29th April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 | 10,689 | 1,286 |
Investments | 9 | - | - |
10,689 | 1,286 |
CURRENT ASSETS |
Debtors | 10 | 2,520,379 | 4,346,032 |
Cash at bank | 1,282,537 | 1,767,812 |
3,802,916 | 6,113,844 |
CREDITORS |
Amounts falling due within one year | 11 | (139,147 | ) | 4,212,362 |
NET CURRENT ASSETS | 3,942,063 | 1,901,482 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
3,952,752 |
1,902,768 |
CAPITAL AND RESERVES |
Called up share capital | 13 | 100 | 100 |
Retained earnings | 14 | 3,926,489 | 1,887,638 |
SHAREHOLDERS' FUNDS | 3,926,589 | 1,887,738 |
NON-CONTROLLING INTERESTS | 26,163 | 15,030 |
TOTAL EQUITY | 3,952,752 | 1,902,768 |
The financial statements were approved by the Board of Directors and authorised for issue on 12th August 2024 and were signed on its behalf by: |
H E M Blick - Director |
Ms E Blick - Director |
Eight Rooks Limited (Registered number: 03862080) |
Company Statement of Financial Position |
29th April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
Investments | 9 |
CURRENT ASSETS |
Debtors | 10 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 11 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 13 |
Retained earnings | 14 |
SHAREHOLDERS' FUNDS |
Company's profit for the financial year | 2,194,787 | 1,199,270 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Eight Rooks Limited (Registered number: 03862080) |
Consolidated Statement of Changes in Equity |
for the Period 1st May 2022 to 29th April 2023 |
Called up |
share | Retained | Non-controlling | Total |
capital | earnings | Total | interests | equity |
£ | £ | £ | £ | £ |
Balance at 1st May 2021 | 100 | 3,178,487 | 3,178,587 | 25,127 | 3,203,714 |
Changes in equity |
Dividends | - | (2,468,200 | ) | (2,468,200 | ) | - | (2,468,200 | ) |
Total comprehensive income | - | 1,177,351 | 1,177,351 | (10,097 | ) | 1,167,254 |
Balance at 30th April 2022 | 100 | 1,887,638 | 1,887,738 | 15,030 | 1,902,768 |
Changes in equity |
Dividends | - | (184,000 | ) | (184,000 | ) | - | (184,000 | ) |
Total comprehensive income | - | 2,222,851 | 2,222,851 | 11,133 | 2,233,984 |
Balance at 29th April 2023 | 100 | 3,926,489 | 3,926,589 | 26,163 | 3,952,752 |
Eight Rooks Limited (Registered number: 03862080) |
Company Statement of Changes in Equity |
for the Period 1st May 2022 to 29th April 2023 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Balance at 1st May 2021 |
Changes in equity |
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - |
Balance at 30th April 2022 |
Changes in equity |
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - |
Balance at 29th April 2023 |
Eight Rooks Limited (Registered number: 03862080) |
Consolidated Statement of Cash Flows |
for the Period 1st May 2022 to 29th April 2023 |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 2,030,683 | (9,697,390 | ) |
Tax paid | (1,035,375 | ) | 352,119 |
Net cash from operating activities | 995,308 | (9,345,271 | ) |
Cash flows from investing activities |
Purchase of tangible fixed assets | (12,876 | ) | - |
Net cash from investing activities | (12,876 | ) | - |
Cash flows from financing activities |
Amount introduced by directors | 221,117 | 2,511,820 |
Amount withdrawn by directors | (1,504,824 | ) | (951,124 | ) |
Equity dividends paid | (184,000 | ) | (2,468,200 | ) |
Net cash from financing activities | (1,467,707 | ) | (907,504 | ) |
Decrease in cash and cash equivalents | (485,275 | ) | (10,252,775 | ) |
Cash and cash equivalents at beginning of period |
2 |
1,767,812 |
12,020,587 |
Cash and cash equivalents at end of period | 2 | 1,282,537 | 1,767,812 |
Eight Rooks Limited (Registered number: 03862080) |
Notes to the Consolidated Statement of Cash Flows |
for the Period 1st May 2022 to 29th April 2023 |
1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
£ | £ |
Profit before taxation | 1,951,674 | 45,352 |
Depreciation charges | 3,473 | 429 |
- | (20 | ) |
1,955,147 | 45,761 |
Decrease/(increase) in trade and other debtors | 1,825,653 | (3,229,950 | ) |
Decrease in trade and other creditors | (1,750,117 | ) | (6,513,201 | ) |
Cash generated from operations | 2,030,683 | (9,697,390 | ) |
2. | CASH AND CASH EQUIVALENTS |
The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts: |
Period ended 29th April 2023 |
29.4.23 | 1.5.22 |
£ | £ |
Cash and cash equivalents | 1,282,537 | 1,767,812 |
Year ended 30th April 2022 |
30.4.22 | 1.5.21 |
£ | £ |
Cash and cash equivalents | 1,767,812 | 12,020,587 |
3. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.5.22 | Cash flow | At 29.4.23 |
£ | £ | £ |
Net cash |
Cash at bank | 1,767,812 | (485,275 | ) | 1,282,537 |
1,767,812 | (485,275 | ) | 1,282,537 |
Debt |
Debts falling due within 1 year | (1,129,707 | ) | 1,129,707 | - |
(1,129,707 | ) | 1,129,707 | - |
Total | 638,105 | 644,432 | 1,282,537 |
Eight Rooks Limited (Registered number: 03862080) |
Notes to the Consolidated Financial Statements |
for the Period 1st May 2022 to 29th April 2023 |
1. | STATUTORY INFORMATION |
Eight Rooks Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced |
for estimated customer returns, rebates and other similar allowances. |
Revenue from the sale of goods is recognised when all the following conditions are satisfied: |
• the Company has transferred to the buyer the significant risks and rewards of ownership of the |
goods; |
• the Company retains neither continuing managerial involvement to the degree usually associated |
with ownership nor effective control over the goods sold; |
• the amount of revenue can be measured reliably; |
• it is probable that the economic benefits associated with the transaction will flow to the Company; |
and |
• the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is |
passed. |
Tangible fixed assets |
Plant and machinery | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
Eight Rooks Limited (Registered number: 03862080) |
Notes to the Consolidated Financial Statements - continued |
for the Period 1st May 2022 to 29th April 2023 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
£ | £ |
Wages and salaries | 105,140 | 33,140 |
The average number of employees during the period was as follows: |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
Directors |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
£ | £ |
Directors' remuneration | 25,140 | 25,140 |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
£ | £ |
Depreciation - owned assets | 3,473 | 428 |
Auditors' remuneration | 9,000 | - |
Eight Rooks Limited (Registered number: 03862080) |
Notes to the Consolidated Financial Statements - continued |
for the Period 1st May 2022 to 29th April 2023 |
5. | TAXATION |
Analysis of the tax credit |
The tax credit on the profit for the period was as follows: |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
£ | £ |
Current tax: |
UK corporation tax | (282,310 | ) | (1,121,902 | ) |
Tax on profit | (282,310 | ) | (1,121,902 | ) |
6. | INDIVIDUAL INCOME STATEMENT |
As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
7. | DIVIDENDS |
Period |
1.5.22 |
to | Year Ended |
29.4.23 | 30.4.22 |
£ | £ |
Ordinary A shares of £1 each |
Interim | 92,000 | 1,234,100 |
Ordinary B shares of £1 each |
Interim | 92,000 | 1,234,100 |
184,000 | 2,468,200 |
Eight Rooks Limited (Registered number: 03862080) |
Notes to the Consolidated Financial Statements - continued |
for the Period 1st May 2022 to 29th April 2023 |
8. | TANGIBLE FIXED ASSETS |
Group |
Plant and |
machinery |
£ |
COST |
At 1st May 2022 | 13,829 |
Additions | 12,876 |
At 29th April 2023 | 26,705 |
DEPRECIATION |
At 1st May 2022 | 12,543 |
Charge for period | 3,473 |
At 29th April 2023 | 16,016 |
NET BOOK VALUE |
At 29th April 2023 | 10,689 |
At 30th April 2022 | 1,286 |
Company |
Plant and |
machinery |
£ |
COST |
At 1st May 2022 |
Additions |
At 29th April 2023 |
DEPRECIATION |
At 1st May 2022 |
Charge for period |
At 29th April 2023 |
NET BOOK VALUE |
At 29th April 2023 |
At 30th April 2022 |
Eight Rooks Limited (Registered number: 03862080) |
Notes to the Consolidated Financial Statements - continued |
for the Period 1st May 2022 to 29th April 2023 |
9. | FIXED ASSET INVESTMENTS |
Company |
Unlisted |
investments |
£ |
COST |
At 1st May 2022 |
and 29th April 2023 |
NET BOOK VALUE |
At 29th April 2023 |
At 30th April 2022 |
The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Subsidiaries |
Registered office: 11/15 Emerald Street, London, United Kingdom, WC1N 3QL |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
Loss for the period/year | ( |
) | ( |
) |
Registered office: 20-21 Jockey's Fields, London, United Kingdom, WC1R 4BW |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
Profit/(loss) for the period/year | ( |
) |
Eight Rooks Limited (Registered number: 03862080) |
Notes to the Consolidated Financial Statements - continued |
for the Period 1st May 2022 to 29th April 2023 |
9. | FIXED ASSET INVESTMENTS - continued |
Registered office: 20-21 Jockey's Fields, London, United Kingdom, WC1R 4BW |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Group | Company |
2023 | 2022 | 2023 | 2022 |
£ | £ | £ | £ |
Trade debtors | 37 | 347,264 |
Other debtors | 2,505,955 | 2,505,411 |
VAT | 5,192 | 158,009 |
Prepayments and accrued income | 9,195 | 1,335,348 |
2,520,379 | 4,346,032 |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Group | Company |
2023 | 2022 | 2023 | 2022 |
£ | £ | £ | £ |
Other loans (see note 12) | - | 1,129,707 |
Trade creditors | 1,320,000 | (1 | ) | ( |
) |
Amounts owed to group undertakings | - | 5,000 |
Amounts owed to associates | - | 2,576,376 | - | - |
Tax | (2,439,587 | ) | (1,121,902 | ) |
Social security and other taxes | - | 2,261 |
VAT | - | - | 6,982 | 80,782 |
Other creditors | - | 4,948 |
Directors' current accounts | 277,024 | 1,560,731 | 277,024 | 1,560,731 |
Accruals and deferred income | 703,416 | 55,242 |
(139,147 | ) | 4,212,362 |
Eight Rooks Limited (Registered number: 03862080) |
Notes to the Consolidated Financial Statements - continued |
for the Period 1st May 2022 to 29th April 2023 |
12. | LOANS |
An analysis of the maturity of loans is given below: |
Group |
2023 | 2022 |
£ | £ |
Amounts falling due within one year or on | demand: |
Other loans | - | 1,129,707 |
13. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A | £1 | 50 | 50 |
Ordinary B | £1 | 50 | 50 |
100 | 100 |
14. | RESERVES |
Group |
Retained |
earnings |
£ |
At 1st May 2022 | 1,887,638 |
Profit for the period | 2,222,851 |
Dividends | (184,000 | ) |
At 29th April 2023 | 3,926,489 |
Company |
Retained |
earnings |
£ |
At 1st May 2022 |
Profit for the period |
Dividends | ( |
) |
At 29th April 2023 |