Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-302024-03-30truetruetruefalsetruetruetruetruetrue2023-03-0222true 14701503 2023-03-01 14701503 2023-03-02 2024-03-30 14701503 2021-08-02 2023-03-01 14701503 2024-03-30 14701503 6 2023-03-02 2024-03-30 14701503 d:Director1 2023-03-02 2024-03-30 14701503 d:Director1 2024-03-30 14701503 d:Director2 2023-03-02 2024-03-30 14701503 d:Director2 2024-03-30 14701503 d:RegisteredOffice 2023-03-02 2024-03-30 14701503 e:CurrentFinancialInstruments 2024-03-30 14701503 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-30 14701503 e:ReportableOperatingSegment1 2023-03-02 2024-03-30 14701503 e:UKTax 2023-03-02 2024-03-30 14701503 e:ShareCapital 2024-03-30 14701503 d:OrdinaryShareClass1 2023-03-02 2024-03-30 14701503 d:OrdinaryShareClass1 2024-03-30 14701503 d:FRS101 2023-03-02 2024-03-30 14701503 d:AuditExempt-NoAccountantsReport 2023-03-02 2024-03-30 14701503 d:FullAccounts 2023-03-02 2024-03-30 14701503 d:PrivateLimitedCompanyLtd 2023-03-02 2024-03-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 14701503


ATGP SHOWS ONE LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

 
ATGP SHOWS ONE LIMITED
 

COMPANY INFORMATION


Directors
Michael Cowper Lynas (appointed 2 March 2023)
Adam John Speers (appointed 2 March 2023)




Registered number
14701503



Registered office
6th Floor Charlotte Building
17 Gresse Street

London

United Kingdom

W1T 1QL





 
ATGP SHOWS ONE LIMITED
 

CONTENTS



Page
Directors' Report
1
Directors' Responsibilities Statement
2
Statement of Comprehensive Income
3
Balance Sheet
4
Notes to the Financial Statements
5 - 9

 
ATGP SHOWS ONE LIMITED
 

 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 30 MARCH 2024

The directors present their report and the financial statements for the period ended 30 March 2024.

Principal activity

The company was incorporated on 2 March 2023. The principal activity of the company is that of theatrical productions.

Directors

The directors who served during the period were:

Michael Cowper Lynas (appointed 2 March 2023)
Adam John Speers (appointed 2 March 2023)


Going Concern

In determining whether the Company’s financial statements can be prepared on a going concern basis, the
directors have considered all the factors likely to affect its future development, performance and its financial
position. The Company is part of the International Entertainment Holdings Ltd group (the Group) and the going
concern review completed at the date of signing the Group financial statements is set out in the International
Entertainment Holdings Ltd strategic report.
Based on the above, the Company continues to adopt the going concern basis in preparing the 2024 financial
statements.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Adam John Speers
Director

Date: 1 November 2024
Page 1

 
ATGP SHOWS ONE LIMITED
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 30 MARCH 2024

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

 
ATGP SHOWS ONE LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30 MARCH 2024

2024
Note
£000

  

Turnover
 4 
7,390

Cost of sales
  
(7,420)

Gross (loss)/profit
  
(30)

Administrative expenses
  
(951)

Other operating income
  
27

Operating (loss)/profit
  
(954)

Tax on (loss)/profit
 5 
954

Profit for the financial period
  
-

Other comprehensive income:
  

Items that will not be reclassified to profit or loss:
  

Total comprehensive income for the period
  
-

There were no recognised gains and losses for 2024 other than those included in the statement of comprehensive income.
There was no other comprehensive income for 2024.
The notes on pages 5 to 9 form part of these financial statement
Page 3

 
ATGP SHOWS ONE LIMITED
REGISTERED NUMBER: 14701503

BALANCE SHEET
AS AT 30 MARCH 2024

30 March
2024
Note
£000

  

  

Current assets
  

Debtors: amounts falling due within one year
 6 
1,011

Cash at bank and in hand
 7 
281

  
1,292

Creditors: amounts falling due within one year
 8 
(1,292)

Net current assets
  
 
 
-

Total assets less current liabilities
  
-

  

  

  

Net assets
  
-


Capital and reserves
  

Called up share capital 
 9 
-

  
-


The members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Company was entitled to exemption from audit under section 477 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 Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Adam John Speers
Director

Date: 1 November 2024

The notes on pages 5 to 9 form part of these financial statements.
Page 4

 
ATGP SHOWS ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

1.


General information

ATGP Shows One Limited (the "Company") is a company incorporated in the United Kingdom
under the Companies Act. Details of the Company's principal activity, registered office and directors can
be found in the Director's Report and the Company Information page.

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 Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 73(e) of IAS 16 Property, Plant and Equipment;
 - paragraph 118(e) of IAS 38 Intangible Assets;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of International Entertainment
Holdings Limited as at 30 March 2024 and these financial statements may be obtained from Companies House.

 
2.3

Revenue

Revenue 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 is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
The Company's revenue primarily relates to sale of theatre tickets, net of VAT. Ticket revenue is recognised on performance of the show to which tickets relate, as this is the moment at which the risks and rewards are considered to have transferred. 

Page 5

 
ATGP SHOWS ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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.

 
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

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


2024
No.



Production
22

22

Page 6

 
ATGP SHOWS ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

4.


Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from theatrical productions is recognised by reference to the date the performance took place.
Analysis of turnover by country of destination:


2024
£000

United Kingdom
7,390

7,390



5.


Taxation


2024
£000

Corporation tax


Current tax on profits for the year
(954)


(954)


Total current tax
(954)

Deferred tax

Total deferred tax
-


Taxation on (loss)/profit on ordinary activities
(954)
Page 7

 
ATGP SHOWS ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024
 
5.Taxation (continued)


Factors affecting tax charge for the period

The tax assessed for the period is lower than the standard rate of corporation tax in the UK of 25%. The differences are explained below:

2024
£000


(Loss)/profit on ordinary activities before tax
(954)


(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25%
(239)

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
32

Tax credit
(954)

Unrecognised deferred tax assets
207

Total tax charge for the period
(954)




6.


Debtors

30 March
2024
£000


Other debtors
1,011

1,011



7.


Cash and cash equivalents

30 March
2024
£000

Cash at bank and in hand
281

281


Page 8

 
ATGP SHOWS ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

8.


Creditors: Amounts falling due within one year

30 March
2024
£000

Trade creditors
41

Amounts owed to group undertakings
189

Other creditors
1,044

Accruals and deferred income
18

1,292



9.


Share capital

30 March
2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


1 Ordinary share of £1 was issued on incorporation.


10.


Related party transactions

The Company has taken advantage of exemptions available under paragraph 8(k) of FRS 101 not to
disclose transactions with related parties which are wholly owned members of the same group. As such,
there were no related party transactions during the period requiring disclosure.

11.


Controlling party

The Company's immediate parent company is ATG Entertainment Limited. The parent company of the smallest and largest group in which the Company's results are consolidated is International Entertainment Holdings Limited, a company incorporated in England and Wales. The consolidated financial statements are available from the parent company's registered office, 72 Welbeck Street, London, England, W1G 0AY.
The Company's ultimate parent company is IE Luxco S.a.r.l. (Luxembourg), which is controlled by Providence Equity Partners VII-A LP (Cayman Islands) and Providence VII Global Holdings LP (Cayman Islands), and Providence Equity Partners (Midsummer) LP (Cayman Islands), which the directors consider to be the Company's ultimate controlling parties.

Page 9