Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falseSupport activities to performing arts66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06203617 2023-05-01 2024-04-30 06203617 2022-05-01 2023-04-30 06203617 2024-04-30 06203617 2023-04-30 06203617 c:Director2 2023-05-01 2024-04-30 06203617 d:PlantMachinery 2023-05-01 2024-04-30 06203617 d:PlantMachinery 2024-04-30 06203617 d:PlantMachinery 2023-04-30 06203617 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06203617 d:FurnitureFittings 2023-05-01 2024-04-30 06203617 d:FurnitureFittings 2024-04-30 06203617 d:FurnitureFittings 2023-04-30 06203617 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06203617 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06203617 d:CurrentFinancialInstruments 2024-04-30 06203617 d:CurrentFinancialInstruments 2023-04-30 06203617 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06203617 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06203617 d:ShareCapital 2024-04-30 06203617 d:ShareCapital 2023-04-30 06203617 d:RetainedEarningsAccumulatedLosses 2024-04-30 06203617 d:RetainedEarningsAccumulatedLosses 2023-04-30 06203617 c:OrdinaryShareClass1 2023-05-01 2024-04-30 06203617 c:OrdinaryShareClass1 2024-04-30 06203617 c:OrdinaryShareClass1 2023-04-30 06203617 c:OrdinaryShareClass2 2023-05-01 2024-04-30 06203617 c:OrdinaryShareClass2 2024-04-30 06203617 c:OrdinaryShareClass2 2023-04-30 06203617 c:OrdinaryShareClass3 2023-05-01 2024-04-30 06203617 c:OrdinaryShareClass3 2024-04-30 06203617 c:OrdinaryShareClass3 2023-04-30 06203617 c:OrdinaryShareClass4 2023-05-01 2024-04-30 06203617 c:OrdinaryShareClass4 2024-04-30 06203617 c:OrdinaryShareClass4 2023-04-30 06203617 c:OrdinaryShareClass5 2023-05-01 2024-04-30 06203617 c:OrdinaryShareClass5 2024-04-30 06203617 c:OrdinaryShareClass5 2023-04-30 06203617 c:FRS102 2023-05-01 2024-04-30 06203617 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06203617 c:FullAccounts 2023-05-01 2024-04-30 06203617 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06203617 2 2023-05-01 2024-04-30 06203617 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06203617









THE AUDIENCE CLUB LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
THE AUDIENCE CLUB LTD
REGISTERED NUMBER: 06203617

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,086
10,438

  
10,086
10,438

Current assets
  

Debtors: amounts falling due within one year
 5 
5,100
-

Cash at bank and in hand
 6 
246,520
252,804

  
251,620
252,804

Creditors: amounts falling due within one year
 7 
(159,263)
(226,832)

Net current assets
  
 
 
92,357
 
 
25,972

Total assets less current liabilities
  
102,443
36,410

  

Net assets
  
102,443
36,410


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
102,343
36,310

  
102,443
36,410


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
THE AUDIENCE CLUB LTD
REGISTERED NUMBER: 06203617
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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




J K Hill
Director

Date: 27 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE AUDIENCE CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Audience Club Ltd is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 85 Great Portland Street, First Floor, London, England, W1W 7LT.
The principal activity of the company during the year has been that of a theatre seat filling club.

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

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
THE AUDIENCE CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases.


Plant and machinery
-
25%
on reducing balance
Fixtures and fittings
-
25%
on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
THE AUDIENCE CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.10

Member's accounts

Monies held on behalf of members are matched by a liability to the member. Where a membership
expires monies held are paid to charity after the account has been dormant for a year.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2023
37,650
8,637
46,287


Additions
2,580
-
2,580



At 30 April 2024

40,230
8,637
48,867



Depreciation


At 1 May 2023
28,585
7,264
35,849


Charge for the year on owned assets
2,588
344
2,932



At 30 April 2024

31,173
7,608
38,781



Net book value



At 30 April 2024
9,057
1,029
10,086



At 30 April 2023
9,065
1,373
10,438


5.


Debtors

2024
2023
£
£

Page 5

 
THE AUDIENCE CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.Debtors (continued)


Other debtors
5,100
-

5,100
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
246,520
252,804

Less: bank overdrafts
(3,151)
-

243,369
252,804



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,151
-

Trade creditors
4,693
5,546

Corporation tax
42,173
33,024

Other taxation and social security
17,614
13,412

Other creditors
80,182
174,850

Accruals and deferred income
11,450
-

159,263
226,832


Page 6

 
THE AUDIENCE CLUB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



52 (2023 - 52) Ordinary A shares of £1.00 each
52
52
230 (2023 - 23) Ordinary B shares of £0.10 (2023 - £1) each
23
23
1 (2023 - 1) Ordinary C share of £1.00
1
1
1 (2023 - 1) Ordianry D share of £1.00
1
1
1 (2023 - 1) Ordinary E share of £1.00
1
1
1 (2023 - 1) Ordinary F share of £1.00
1
1
1 (2023 - 1) Ordinary G share of £1.00
1
1
20 (2023 - 20) Ordinary H shares of £1.00 each
20
20

100

100

During the year 23 B Ordinary £1 shares were redesignated in to 230 B Ordinary £0.10 shares.



9.


Prior year adjustment

A consultancy charge was incorrectly recorded as dividends and this has been adjusted in the current year.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £727 (2023 - £799). Contributions totalling £190 (2023 - £200) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

Included within other creditors, due within one year is an amount of £3,083 (2023 - £100,000) owed to the directors. This amount is interest free and repayable upon demand.

 
Page 7