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REGISTERED NUMBER: NI035088 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Big Top Productions Limited

Big Top Productions Limited (Registered number: NI035088)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Big Top Productions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Graham
S Sweeney





REGISTERED OFFICE: 13 Union Street
Belfast
BT1 2JF





REGISTERED NUMBER: NI035088 (Northern Ireland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Big Top Productions Limited (Registered number: NI035088)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,175 331,811

CURRENT ASSETS
Stocks - 1,385,105
Debtors 5 150,234 642,860
Cash at bank and in hand 56,310 91,699
206,544 2,119,664
CREDITORS
Amounts falling due within one year 6 200,257 176,904
NET CURRENT ASSETS 6,287 1,942,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,462

2,274,571

CREDITORS
Amounts falling due after more than
one year

7

(68,437

)

(47,803

)

PROVISIONS FOR LIABILITIES (38,983 ) (22,366 )
NET ASSETS 104,042 2,204,402

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 104,040 2,204,400
104,042 2,204,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Big Top Productions Limited (Registered number: NI035088)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:




A Graham - Director



S Sweeney - Director


Big Top Productions Limited (Registered number: NI035088)

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

1. STATUTORY INFORMATION

Big Top Productions Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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

Cash and bank balances
Cash and bank balances are measured at the transaction price.


Big Top Productions Limited (Registered number: NI035088)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

Big Top Productions Limited (Registered number: NI035088)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 256,640 624,268 20,500 901,408
Additions - 46,823 46,980 93,803
Disposals (256,640 ) - (20,500 ) (277,140 )
At 31 December 2023 - 671,091 46,980 718,071
DEPRECIATION
At 1 January 2023 122,369 444,505 2,723 569,597
Charge for year - 56,646 11,745 68,391
Eliminated on disposal (122,369 ) - (2,723 ) (125,092 )
At 31 December 2023 - 501,151 11,745 512,896
NET BOOK VALUE
At 31 December 2023 - 169,940 35,235 205,175
At 31 December 2022 134,271 179,763 17,777 331,811

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,867 3,776
Amounts owed by group undertakings 110,113 602,583
Other debtors 32,200 33,634
Prepayments 3,054 2,867
150,234 642,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 5,058 -
Trade creditors 16,243 35,294
Tax 29,873 -
VAT 30,740 26,070
Other creditors 9,642 9,162
Directors' current accounts 96,927 96,250
Accrued expenses 11,774 10,128
200,257 176,904

Big Top Productions Limited (Registered number: NI035088)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 5,324 5,324
Bank loans - 2-5 years 33,441 42,479
Hire purchase contracts 29,672 -
68,437 47,803

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 34,730 -