Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2true2023-01-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00546364 2023-01-01 2023-12-31 00546364 2022-01-01 2022-12-31 00546364 2023-12-31 00546364 2022-12-31 00546364 2022-01-01 00546364 c:Director1 2023-01-01 2023-12-31 00546364 d:CurrentFinancialInstruments 2023-12-31 00546364 d:CurrentFinancialInstruments 2022-12-31 00546364 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00546364 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00546364 d:ShareCapital 2023-01-01 2023-12-31 00546364 d:ShareCapital 2023-12-31 00546364 d:ShareCapital 2022-01-01 2022-12-31 00546364 d:ShareCapital 2022-12-31 00546364 d:ShareCapital 2022-01-01 00546364 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 00546364 d:CapitalRedemptionReserve 2023-12-31 00546364 d:CapitalRedemptionReserve 2022-01-01 2022-12-31 00546364 d:CapitalRedemptionReserve 2022-12-31 00546364 d:CapitalRedemptionReserve 2022-01-01 00546364 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 00546364 d:RetainedEarningsAccumulatedLosses 2023-12-31 00546364 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 00546364 d:RetainedEarningsAccumulatedLosses 2022-12-31 00546364 d:RetainedEarningsAccumulatedLosses 2022-01-01 00546364 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00546364 c:OrdinaryShareClass1 2023-12-31 00546364 c:OrdinaryShareClass2 2023-01-01 2023-12-31 00546364 c:OrdinaryShareClass2 2023-12-31 00546364 c:FRS102 2023-01-01 2023-12-31 00546364 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00546364 c:FullAccounts 2023-01-01 2023-12-31 00546364 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00546364 d:Subsidiary1 2023-01-01 2023-12-31 00546364 d:Subsidiary1 1 2023-01-01 2023-12-31 00546364 d:Subsidiary2 2023-01-01 2023-12-31 00546364 d:Subsidiary2 1 2023-01-01 2023-12-31 00546364 d:Subsidiary3 2023-01-01 2023-12-31 00546364 d:Subsidiary3 1 2023-01-01 2023-12-31 00546364 6 2023-01-01 2023-12-31 00546364 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00546364









ACT ENTERTAINMENT GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ACT ENTERTAINMENT GROUP LIMITED
REGISTERED NUMBER: 00546364

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
120,103
103

  
120,103
103

Current assets
  

Debtors: amounts falling due within one year
 5 
310,813
444,804

Cash at bank and in hand
  
145,190
352,667

  
456,003
797,471

Creditors: amounts falling due within one year
 6 
(13,496)
(41,235)

Net current assets
  
 
 
442,507
 
 
756,236

Total assets less current liabilities
  
562,610
756,339

  

Net assets
  
562,610
756,339


Capital and reserves
  

Called up share capital 
 7 
5,051,000
5,051,000

Capital redemption reserve
  
1,750,000
1,750,000

Profit and loss account
  
(6,238,390)
(6,044,661)

  
562,610
756,339


The directors consider 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 directors acknowledge their 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 statement of income and retained earnings 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 14 October 2024.



R C Wingate
Director
Page 1

 
ACT ENTERTAINMENT GROUP LIMITED
REGISTERED NUMBER: 00546364
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
ACT ENTERTAINMENT GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2023
5,051,000
1,750,000
(6,044,661)
756,339


Comprehensive income for the year

Loss for the year
-
-
(193,729)
(193,729)
Total comprehensive income for the year
-
-
(193,729)
(193,729)


At 31 December 2023
5,051,000
1,750,000
(6,238,390)
562,610


The notes on pages 4 to 7 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2022
5,051,000
1,750,000
(5,855,443)
945,557


Comprehensive income for the year

Loss for the year
-
-
(189,218)
(189,218)
Total comprehensive income for the year
-
-
(189,218)
(189,218)


At 31 December 2022
5,051,000
1,750,000
(6,044,661)
756,339


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
ACT ENTERTAINMENT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

ACT Entertainment Group Limited is a private company limited by shares and incorporated in England and Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

Debtors

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

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade creditors and other debtors and creditors.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
ACT ENTERTAINMENT GROUP 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 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2023
103
-
103


Additions
-
120,000
120,000



At 31 December 2023
103
120,000
120,103





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Associated Capital Theatres Limited
England
Dormant
Ordinary
100%
ACT Co-Productions Limited
England
Dormant
Ordinary
100%
ACT Productions Limited
England
Investment in and management of theatrical productions
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Associated Capital Theatres Limited
1,404
-

ACT Co-Productions Limited
-
-

ACT Productions Limited
(1,869,683)
(72,943)

Page 5

 
ACT ENTERTAINMENT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
310,813
444,804

310,813
444,804



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,042
312

Amounts owed to group undertakings
1,404
34,028

Accruals
5,050
6,895

13,496
41,235


Page 6

 
ACT ENTERTAINMENT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1.00 each
1,000
1,000
5,050,000 Redeemable preference shares of £1.00 each
5,050,000
5,050,000

5,051,000

5,051,000


The redeemable preference shares are entitled to a fixed non-cumulative dividend of 5 pence per share. The company has the right to redeem at par all or such other number of the redeemable preference shares at any time with written notice. In the event of a winding up, any suplus assets shall be applied in first paying to the redeemable preference shareholders an amount equal to the subscription price paid with the balance of any assets being distributed to the ordinary shareholders.
During the period £NIL (2022: £NIL) redeemable preference shares were redeemed at par value. 
On 01 April 2023, the 1,000 ordinary shares and 5,050,000 redeemable preference shares were transferred from Act Holdings Limited to R C Wingate. 


8.


Related party transactions

Creditors due within one year include an interest free and unsecured loan of £NIL (2022: £32,624) owed to Act Holdings Limited.
At the balance sheet date, the company was owed £1,858,572 (2022: £1,673,586) by its subsidiary company ACT Productions Limited. Full provision has been made for potential non-recovery against this balance.
At the balance sheet date, debtors include £1,628 owed by (2022: 1,632) the director. 


9.


Controlling party

The ultimate controlling party is R C Wingate, a director of the company.
The company's previous ultimate controlling party was Act Holdings Limited, a company registered in Bermuda. ACT Holdings Limited transferred its full shareholding to R C Wingate on 1 April 2023, who is the director of the company. 

 
Page 7