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REGISTERED NUMBER: 02860662 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

UK Productions Limited

UK Productions Limited (Registered number: 02860662)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UK Productions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A M Dodd
Mrs S Dodd
D Sandys



REGISTERED OFFICE: Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY



REGISTERED NUMBER: 02860662 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Skilton ACA



AUDITORS: Brewers Chartered Accountants (Statutory Auditors)
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY

UK Productions Limited (Registered number: 02860662)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 18,973 68,398
Investments 6 1 1
18,974 68,399

CURRENT ASSETS
Debtors 7 863,740 972,068
Cash at bank 2,080,400 1,516,799
2,944,140 2,488,867
CREDITORS
Amounts falling due within one year 8 333,077 536,323
NET CURRENT ASSETS 2,611,063 1,952,544
TOTAL ASSETS LESS CURRENT LIABILITIES 2,630,037 2,020,943

CAPITAL AND RESERVES
Called up share capital 10 50 50
Capital redemption reserve 49 49
Retained earnings 2,629,938 2,020,844
SHAREHOLDERS' FUNDS 2,630,037 2,020,943

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





A M Dodd - Director


UK Productions Limited (Registered number: 02860662)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

UK Productions 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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 shown in the profit and loss account represents income from theatre ticket sales, the sale of merchandise and the hiring out of sets and costumes in the year exclusive of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Equipment - at varying rates on cost

Tangible fixed assets are initially recorded at cost and subsequently measured at cost, net of depreciation. Assets over £5,000 are capitalised.

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, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


UK Productions Limited (Registered number: 02860662)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 administered by NEST. Contributions payable to the company's scheme are charged to the profit and loss in the period to which they relate.

Preproduction
Preproduction costs are charged against profits on a straight line basis over the period of the production and are matched against the income to which the costs relate. Provision is made for any foreseeable losses where appropriate.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Investments
Investments in Joint Ventures are recognised at cost.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

UK Productions Limited (Registered number: 02860662)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£    £    £   
COST
At 1 May 2023 10,421 970,100 980,521
Disposals - (31,932 ) (31,932 )
At 30 April 2024 10,421 938,168 948,589
DEPRECIATION
At 1 May 2023 7,538 904,585 912,123
Charge for year 1,123 48,302 49,425
Eliminated on disposal - (31,932 ) (31,932 )
At 30 April 2024 8,661 920,955 929,616
NET BOOK VALUE
At 30 April 2024 1,760 17,213 18,973
At 30 April 2023 2,883 65,515 68,398

6. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 210,622 256,319
Other debtors 2,393 6,887
Tax 577,005 618,635
Prepayments and accrued income 73,720 90,227
863,740 972,068

UK Productions Limited (Registered number: 02860662)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 118,680 206,279
Social security and other taxes 15,339 20,622
VAT 53,987 97,989
Other creditors 14,432 20,129
Accruals and deferred income 130,639 191,304
333,077 536,323

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 50,767 60,300
Between one and five years 11,333 62,100
62,100 122,400

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
50 Ordinary A Shares £1 50 50

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Skilton ACA (Senior Statutory Auditor)
for and on behalf of Brewers Chartered Accountants (Statutory Auditors)

12. ULTIMATE CONTROLLING PARTY

The company is controlled by its Directors.