08304715falsestaging comedy events2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director22022-12-012023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:LandBuildings2022-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:LandBuildings2023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08304715

Hot Water Comedy Club Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17 Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH

Hot Water Comedy Club Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Michael Blair
Paul Blair
REGISTERED OFFICE
Unit 17 Mersey House, Matchworks Estate
140 Speke Road
Liverpool
Merseyside
L19 2PH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08304715
BANKERS
Lloyds plc
ACCOUNTANTS
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17 Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH

Hot Water Comedy Club Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Hot Water Comedy Club Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets25,103,8822,202,593
CURRENT ASSETS
Stock4,4634,250
Debtors4144,07910,129
Cash at bank and in hand1,713,0061,572,256
1,861,5481,586,635
CREDITORS: Amounts falling due within one year52,881,6671,484,695
NET CURRENT (LIABILITIES) / ASSETS(1,020,119)101,940
TOTAL ASSETS LESS CURRENT LIABILITIES4,083,7632,304,533
CREDITORS: Amounts falling due after more than one year6254,895378,396
PROVISIONS FOR LIABILITIES AND CHARGES8598,28432,404
NET ASSETS3,230,5841,893,733
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account3,230,4841,893,633
SHAREHOLDERS' FUNDS3,230,5841,893,733
For the year ending 30/11/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/07/2024 and signed on their behalf by
.............................
Paul Blair
Director

Hot Water Comedy Club Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at rates in order to write off the assets over their estimated useful lives.
Refurbishment costs on the company's new premises have not been deoreciated in the year as the venue had not opened by year end.
Land And Buildingsstraight line15%
Short Leasehold Propertiesstraight line6.67%
Fixtures And Fittingsstraight line25%
Equipmentstraight line25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Hot Water Comedy Club Limited

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
1f. Policy For Going Concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
1g. Policy For Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
1h. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Hot Water Comedy Club Limited

2. TANGIBLE FIXED ASSETS
Land AndShort LeaseholdFixtures
BuildingsPropertiesand FittingsEquipmentTotal
£££££
Cost
At 01/12/20222,110,811116,052308,70299,0882,634,653
Additions2,923,566---2,923,566
At 30/11/20235,034,377116,052308,70299,0885,558,219
Depreciation
At 01/12/202210,25442,346308,65670,804432,060
For the year5,1277,737-9,41322,277
At 30/11/202315,38150,083308,65680,217454,337
Net Book Amounts
At 30/11/20235,018,99665,9694618,8715,103,882
At 30/11/20222,100,55773,7064628,2842,202,593
There is a fixed and floating charge in favour of Lloyds Bank plc dated 25 November 2021 over all of the property or undertakings of the company.
3. STOCK 20232022
££
Stock comprises:
Stock4,4634,250
4,4634,250
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors117,875209
UK corporation tax11,598-
Other debtors14,6069,920
144,07910,129

Hot Water Comedy Club Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-325,992
Other tax and social security5,419157,082
VAT271,341-
Directors' current accounts27,15622,504
Capital Loan123,502115,690
Trade creditors11,313-
Other creditors2,327,463862,560
Accruals114,606-
2,880,8001,483,828
Included in other creditors is deferred income being ticket income in advance at 30 November 2023 of £2,327,463 (2022 £780,663).
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Capital Loan Due >1Year254,895378,396
254,895378,396
A loan from Lloyds Bank plc is secured by a fixed and floating dabenture charge dated 25 November 2021 over all of the property or undertaking of the company.
7. EMPLOYEES
20232022
No.No.
Average number of employees2923

Hot Water Comedy Club Limited

8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation598,28432,404
598,28432,404
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. GENERAL INFORMATION
Hot Water Comedy Club Limited (company number 8304715) is a private company limited by shares and incorporated in England and Wales. Its registered office is Unit 17 Mersey House, Matchworks Estate, 140 Speke Road, Liverpool, Merseyside, L19 2PH.
11. OTHER COMMITMENTS
At 30 November 2023, the company had total annual commitments under non-cancellable operating leases over their remaining lives of £34,900 in respect of leasehold premises on a 10 year lease commencing September 2017 and £47,840 in respect of leasehold premises on a 15 year lease commencing November 2019.

Hot Water Comedy Club Limited

12. RELATED PARTY TRANSACTIONS
There were no related party transactions requiring disclosure in these accounts.