Registered number: 07358304
PECULIUS STAGE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 30 JUNE 2024
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PECULIUS STAGE LIMITED
REGISTERED NUMBER: 07358304
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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 income and retained earnings 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 17 February 2025.
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PECULIUS STAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
Peculius Stage Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 9 St. Lukes Drive, Orrell, Wigan, England, WN5 7AU.
The company extended its accounting reference date to 30 June 2024. The comparative period reflects a 12 month period ended 31 December 2022. The amounts reported in these financial statements for both periods are therefore not comparable.
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.
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PECULIUS STAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
2.Accounting policies (continued)
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. The company derives the majority of its revenue from the performance of theatrical productions, and a small amount from the sale of merchandise and programmes. The company also receives some income from grant-awarding organisations.
Performance revenue
The revenue derived from performances is invoiced according to three different models, depending on the contract between the company and the performance venue. These are:
Buyout
The venue or host pays a flat fee to the company for a performance. Typically 50% is invoiced before the date of the performance, with the remainder invoiced upon completion. Revenue is recognised upon completion of the performance.
Ticketed performances, with the ticketing hosted by the venue
The company will invoice the venue for a deposit in advance, with the remainder invoiced as a box office split upon completion of the performance. Revenue is recognised upon completion of the performance.
Ticketed performances, with ticketing hosted by the company
Revenue is invoiced through a ticketing agent and is recognised in full upon completion of the performance.
Other revenue
Merchandise and programme sales
Merchandise and programme sales are cash transactions which take place at performances, they are recognised at the point at which the goods are provided to the customer.
Grant income
Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure. The deferred element of grants is included in creditors as deferred income.
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.
Depreciation is provided on the following basis:
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PECULIUS STAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
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Functional and presentation currency
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The Company's functional and presentational currency is GBP.
Interest income is recognised in profit or loss using the effective interest method.
Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
The company is eligible to claim a tax credit on theatre production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The company claims a payment based on the amount of enhanceable expenditure and carries losses arising from total net costs forward against future profits.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.
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The average monthly number of employees, including directors, during the period was 2 (2022 - 2).
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PECULIUS STAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
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PECULIUS STAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Related party transactions
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At the reporting date the company owed P Moss, a director, £3,709 (2022: £3,709) which is included in other creditors. The balance was provided interest free and is repayable on demand.
At the reporting date the company owed T Dixon, a director, £3,709 (2022: £3,709) which is included in other creditors. The balance was provided interest free and is repayable on demand.
There were no further transactions with related parties that are material and have not been conducted under normal market conditions.
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