Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-0111truetrue 06994529 2023-01-01 2023-12-31 06994529 2022-01-01 2022-12-31 06994529 2023-12-31 06994529 2022-12-31 06994529 c:Director1 2023-01-01 2023-12-31 06994529 d:CurrentFinancialInstruments 2023-12-31 06994529 d:CurrentFinancialInstruments 2022-12-31 06994529 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06994529 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06994529 d:ShareCapital 2023-12-31 06994529 d:ShareCapital 2022-12-31 06994529 d:RetainedEarningsAccumulatedLosses 2023-12-31 06994529 d:RetainedEarningsAccumulatedLosses 2022-12-31 06994529 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06994529 c:OrdinaryShareClass1 2023-12-31 06994529 c:FRS102 2023-01-01 2023-12-31 06994529 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06994529 c:FullAccounts 2023-01-01 2023-12-31 06994529 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06994529














SGY PRODUCTIONS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SGY PRODUCTIONS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
SGY PRODUCTIONS LIMITED
REGISTERED NUMBER:06994529

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
23,795
54,635

Cash at bank and in hand
 5 
108,417
56,096

  
132,212
110,731

Creditors: amounts falling due within one year
 6 
(64,340)
(77,692)

Net current assets
  
 
 
67,872
 
 
33,039

Total assets less current liabilities
  
67,872
33,039

  

Net assets
  
67,872
33,039


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
67,772
32,939

  
67,872
33,039


1

 
SGY PRODUCTIONS LIMITED
REGISTERED NUMBER:06994529
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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: 




................................................
S G Young
Director

Date: 13 August 2024


The notes on pages 3 to 5 form part of these financial statements.

2

 
SGY PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

SGY Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 06994529. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, United Kingdom, W1W 8BE.
The principal activity of the company continued to be that of services in respect of the staging of musical productions and sundry exhibitions.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, in respect of musical productions and sundry exhibitions exclusive of value added tax.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

3

 
SGY PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Taxation

The tax expense for the year comprises current and deferred tax. 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Debtors

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

 
2.6

 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.

 
2.7

 Creditors

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

 
2.8

 Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to related parties. 

4

 
SGY PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
17,491
1,275

Prepayments and accrued income
6,304
53,360

23,795
54,635



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
108,417
56,096



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
9,526
5,333

Other creditors
43,539
66,434

Accruals
11,275
5,925

64,340
77,692



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



8.


Related party transactions

Included in other creditors as at 31 December 2023 is the amount of £43,539 (2022 - £66,434) owed to  a company under the control of the director. The loan was interest free and repayable on demand. 

 
5