IRIS Accounts Production v24.3.2.46 05438943 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054389432023-04-30054389432024-04-30054389432023-05-012024-04-30054389432022-04-30054389432022-05-012023-04-30054389432023-04-3005438943ns15:EnglandWales2023-05-012024-04-3005438943ns14:PoundSterling2023-05-012024-04-3005438943ns10:Director12023-05-012024-04-3005438943ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005438943ns10:SmallEntities2023-05-012024-04-3005438943ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005438943ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005438943ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005438943ns10:FullAccounts2023-05-012024-04-3005438943ns10:Director22023-05-012024-04-3005438943ns10:RegisteredOffice2023-05-012024-04-3005438943ns5:CurrentFinancialInstruments2024-04-3005438943ns5:CurrentFinancialInstruments2023-04-3005438943ns5:ShareCapital2024-04-3005438943ns5:ShareCapital2023-04-3005438943ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3005438943ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3005438943ns5:RetainedEarningsAccumulatedLosses2024-04-3005438943ns5:RetainedEarningsAccumulatedLosses2023-04-30
REGISTERED NUMBER: 05438943 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

THREADNEEDLE ENTERTAINMENTS LIMITED

THREADNEEDLE ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 05438943)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREADNEEDLE ENTERTAINMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Professor P H R Dolan
L O Johnson





REGISTERED OFFICE: 6 Junction Mews
London
W21PN





REGISTERED NUMBER: 05438943 (England and Wales)





ACCOUNTANTS: Chariot House Limited
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA

THREADNEEDLE ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 05438943)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 3,600,000 3,600,000

CURRENT ASSETS
Cash at bank 412 428

CREDITORS
Amounts falling due within one year 5 (1,178,023 ) (1,175,923 )
NET CURRENT LIABILITIES (1,177,611 ) (1,175,495 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,422,389

2,424,505

PROVISIONS FOR LIABILITIES (435,799 ) (444,246 )
NET ASSETS 1,986,590 1,980,259

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 6 1,371,131 1,371,131
Retained earnings 615,458 609,127
1,986,590 1,980,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THREADNEEDLE ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 05438943)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





L O Johnson - Director


THREADNEEDLE ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 05438943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Threadneedle Entertainments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
The investment property is shown at fair value as estimated by the directors with the assistance of professional valuers. Any movements in the fair value are recognised in arriving at profit and loss before tax. Deferred tax is provided against these movements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

THREADNEEDLE ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 05438943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 3,600,000
NET BOOK VALUE
At 30 April 2024 3,600,000
At 30 April 2023 3,600,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2015 595,644
Valuation in 2016 332,530
Valuation in 2022 900,000
Cost 1,771,826
3,600,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,178,023 1,175,923

6. RESERVES

Retained earnings - includes all current and prior period retained profits and losses excluding cumulative
unrealised valuation movements on investment properties held under the fair value model after allowing for direct taxation, which are transferred to the fair value reserve.

Fair value reserve - represents the cumulative unrealised valuation movement on investment properties held under the fair value model after allowing for direct taxation, which is transferred from retained earnings.

7. RELATED PARTY DISCLOSURES

The company owed £1,173,824 at the balance sheet date to L Johnson, the controlling party. The loan is interest free and repayable on demand.