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JB WEST END ENCORE INVESTMENT LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
JB West End Encore Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 12983539. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company is that of financing and co-producing theatre productions .
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:
The director has reviewed the financial circumstances of the company and confirms that he is satisfied the company will be able to meet its financial obligations for at least 12 months from the date of signature of these financial statements, which have been prepared on the going concern basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in theatrical productions consist of non-recourse loans made to the production, which are only repayable to the extent the production can afford to do so. These are initially measured at the transaction price and are subsequently measured at cost less impairment.
Short-term debtors are measured at transaction price, less any impairment.
Short-term creditors are measured at the transaction price.
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.
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The average monthly number of employees, including directors, during the year was 1 (2022 - 1).
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3
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