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Registered number: 13428598
Archer Performances Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13428598
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 279,943 111,795
Cash at bank and in hand 11,494 297,718
291,437 409,513
Creditors: Amounts Falling Due Within One Year 5 (168,453 ) (97,196 )
NET CURRENT ASSETS (LIABILITIES) 122,984 312,317
TOTAL ASSETS LESS CURRENT LIABILITIES 122,984 312,317
NET ASSETS 122,984 312,317
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 122,983 312,316
SHAREHOLDERS' FUNDS 122,984 312,317
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Sarah-Faith Griffiths
Director
27/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Archer Performances Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13428598 . The registered office is 1st Floor, 104 Oxford Street, London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for performance fees and recharged expenses, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 1
1 1
Page 2
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4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 108,737 -
Prepayments and accrued income 9,631 293
Other debtors 287 109,630
Corporation tax recoverable assets 4,278 -
VAT - 1,872
Director's loan account 157,010 -
279,943 111,795
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,315 896
Corporation tax - 55,519
VAT 6,269 -
Other creditors 22,500 -
Accruals and deferred income 107,369 40,781
168,453 97,196
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Miss Sarah-Faith Griffiths - 328,010 171,000 - 157,010
The above loan is unsecured and repayable on demand. Interest at the rate of 2.25% has been charged by the company on the loan. 
8. Related Party Transactions
Included within other debtors are amounts owed by the following entities which are related by common ownership:-
Archer Touring LLP Nil,  (2023:£9,487)
Archer Creative Ltd  £144, (2023: Nil)
Archer Presents Ltd  £143, (2023: £143)
Included within other creditors is an amount owed to Archer Music Ltd of £22,500 (2023: Debtor of £100,000), a company which is related by common ownership.
These amounts are provided interest-free and repayable on demand.
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