Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29trueproduction of theatrical show2false2023-02-08falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14647373 2023-02-07 14647373 2023-02-08 2024-02-29 14647373 2022-02-08 2023-02-07 14647373 2024-02-29 14647373 c:Director1 2023-02-08 2024-02-29 14647373 d:CurrentFinancialInstruments 2024-02-29 14647373 d:Non-currentFinancialInstruments 2024-02-29 14647373 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 14647373 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 14647373 d:ShareCapital 2024-02-29 14647373 d:RetainedEarningsAccumulatedLosses 2024-02-29 14647373 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-02-29 14647373 c:FRS102 2023-02-08 2024-02-29 14647373 c:AuditExempt-NoAccountantsReport 2023-02-08 2024-02-29 14647373 c:FullAccounts 2023-02-08 2024-02-29 14647373 c:PrivateLimitedCompanyLtd 2023-02-08 2024-02-29 14647373 2 2023-02-08 2024-02-29 14647373 e:PoundSterling 2023-02-08 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 14647373









DIAMONDS THE SHOW LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
DIAMONDS THE SHOW LONDON LIMITED
REGISTERED NUMBER: 14647373

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
Note
£

  

Current assets
  

Work in progress
  
247,357

Debtors: amounts falling due within one year
 4 
64,135

Cash at bank and in hand
  
1,421

  
312,913

Creditors: amounts falling due within one year
 6 
(70,253)

Net current assets
  
 
 
242,660

Total assets less current liabilities
  
242,660

Creditors: amounts falling due after more than one year
  
(243,498)

  

Net (liabilities)/assets
  
(838)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(938)

  
(838)


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 period 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 February 2025.




Mrs. D. Parsons
Director
Page 1

 
DIAMONDS THE SHOW LONDON LIMITED
REGISTERED NUMBER: 14647373
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DIAMONDS THE SHOW LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

The entity is a private company limited by shares. It is incorporated in England and Wales, and the Registered Office is located at 6 Northlands Road, Southampton, Hampshire, SO15 2LF. The principal activity during the year was the commencement of the pre-production stage of a theatrical production.

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 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 following principal accounting policies have been applied:

 
2.2

Interest income

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

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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

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.

 
2.8

Financial instruments

Page 3

 
DIAMONDS THE SHOW LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024
£


Other debtors
14,135

Prepayments and accrued income
50,000
Page 4

 
DIAMONDS THE SHOW LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

4.Debtors (continued)


64,135



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,421

1,421



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
23,142

Accruals and deferred income
47,111

70,253



7.


Creditors: Amounts falling due after more than one year

2024
£

Investor loans
243,498

243,498



8.


Financial instruments

2024
£

Financial assets


Financial assets measured at fair value through profit or loss
1,421




Financial assets measured at fair value through profit or loss comprise cash at bank.

Page 5

 
DIAMONDS THE SHOW LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

9.


Related party transactions

During the period the company engaged Mr. J. Stoneman, a Director, for consulting services including expenses totalling £17698. It also engage Mrs. D. Parsons, a Director, for consulting services including expenses totalling £8262. Both Directors consider these services to have been supplied as arms-length transactions. The Creative House Productions Limited, a company in which Mrs. D. Parsons is a Director, paid expenses on behalf of the company during the year of £46,461. These costs are shown in accruals as they were invoiced to the company shortly after year end. 


10.


Controlling party

The company was owned jointly by Mrs. D. Parsons and Mr. J. Stoneman, so there was no overall controlling party.

 
Page 6