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Registered number: 09114894









HAMPSTEAD THEATRE VENTURES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HAMPSTEAD THEATRE VENTURES LIMITED
REGISTERED NUMBER: 09114894

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
902,359
809,516

Cash at bank and in hand
  
100
100

  
902,459
809,616

Creditors: amounts falling due within one year
 5 
(902,359)
(809,516)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


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 statement of comprehensive income 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 on 17 September 2024.




Gregory Ripley-Duggan
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
HAMPSTEAD THEATRE VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hampstead Theatre Ventures Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is Eton Avenue, Swiss Cottage, London, NW3 3EU.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The statement of financial position shows that the company had net assets at the balance sheet date of £100 (2023: £100) and is dependent on the support of its parent undertaking. The directors have received assurances from the parent undertaking that it will support the company for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.
Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from minimal to full levels.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainty exists over the long-term future of the company.

 
2.3

Revenue

Revenue is recognised on an accruals basis and comprises commissioning fees receivable. Revenue is measured as the fair value of consideration reveivable.

 
2.4

Taxation

Tax is recognised in the Statement of Comprehensive Income and represents a tax credit on theatre production costs.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

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.

Page 2

 
HAMPSTEAD THEATRE VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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. Cash equivalents are 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.

 
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 instrument 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 ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
902,359
809,516

902,359
809,516



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
902,359
809,516

902,359
809,516



6.


Controlling party

The parent undertaking is Hampstead Theatre Limited.

Page 3

 
HAMPSTEAD THEATRE VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Related party transactions

The company is exempt from disclosing other related party transactions as they are with companies that are wholly owned within the group.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 17 September 2024 by Hetal Mistry (senior statutory auditor) on behalf of Nyman Libson Paul.

 
Page 4