NEDERLANDER PRODUCING COMPANY (ENGLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Nederlander Producing Company (England) Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.
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 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.
At the balance sheet date, the company had net liabilities of £67,718 and meets its day to day working capital requirements through its own resources and a loan from a related party. The related party has confirmed their intention to continue to support the company for a period of at least twelve months from the balance sheet date and accordingly the directors are continuing to rely on this finance.
On the basis of the ongoing funding, the directors consider it appropriate to prepare the company's financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of the aforementioned support.
Turnover comprises revenue recognised by the company in respect of production royalties and its share of profits from its investments in theatrical productions receivable for the reporting period.
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Investments in productions
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Investments in theatrical productions are recognised at the recoupable amount at the balance sheet date being the amount invested less amounts recovered, plus anticipated profits and after making provision for losses where recovery of outstanding investments in full is not anticipated.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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