Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2932023-03-01falsefalseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11214898 2023-03-01 2024-02-29 11214898 2022-03-01 2023-02-28 11214898 2024-02-29 11214898 2023-02-28 11214898 c:Director3 2023-03-01 2024-02-29 11214898 d:CurrentFinancialInstruments 2024-02-29 11214898 d:CurrentFinancialInstruments 2023-02-28 11214898 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11214898 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11214898 d:ShareCapital 2024-02-29 11214898 d:ShareCapital 2023-02-28 11214898 d:RetainedEarningsAccumulatedLosses 2024-02-29 11214898 d:RetainedEarningsAccumulatedLosses 2023-02-28 11214898 c:FRS102 2023-03-01 2024-02-29 11214898 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11214898 c:FullAccounts 2023-03-01 2024-02-29 11214898 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11214898 2 2023-03-01 2024-02-29 11214898 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 11214898









SAVING GRACE STAGE PRODUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
SAVING GRACE STAGE PRODUCTION LIMITED
REGISTERED NUMBER: 11214898

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
637,097
631,871

Debtors: amounts falling due within one year
 5 
184,367
204,393

Cash at bank and in hand
 6 
194,823
191,570

  
1,016,287
1,027,834

Creditors: amounts falling due within one year
 7 
(1,020,084)
(1,027,756)

Net current (liabilities)/assets
  
 
 
(3,797)
 
 
78

Total assets less current liabilities
  
(3,797)
78

  

Net (liabilities)/assets
  
(3,797)
78


Capital and reserves
  

Called up share capital 
  
78
78

Profit and loss account
  
(3,875)
-

  
(3,797)
78


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 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 19 February 2025.


B Wragg
Director

Page 1

 
SAVING GRACE STAGE PRODUCTION LIMITED
REGISTERED NUMBER: 11214898
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SAVING GRACE STAGE PRODUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Saving Grace Stage Production Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 finchley Road, London, NW3 5JS and its principal place of business is Unit 1, Stamford Brook Road, London, W6 0XH. 

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

Going concern

The company is financed by recoupable production funding which is only repayable from future production revenues.  
After reviewing the company's funding and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the next twelve months.  The directors therefore consider it appropriate to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Revenue comprises the company's share, as producer, of admission receipts after the theatres have deducted relevant commissions and banking charges. Revenue is recognised in the period to which attendance occurs.

 
2.4

Interest income

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

 
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

Stocks

Stocks comprise theatre production costs, which are recorded as a current asset. Theatre production costs are amortised to the Statement of Income and Retained Earnings over the estimated life of the production on an anticipated revenue basis subject to any impairment.

Page 3

 
SAVING GRACE STAGE PRODUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short term debtors are measured at the transaction price, 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.

 
2.9

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.10

Financial instruments

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, and loans from third parties.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Stocks

29 February
28 February
2024
2023
£
£

Theatre production costs
637,097
631,871

637,097
631,871



5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
184,323
204,349

Called up share capital not paid
44
44

184,367
204,393


Page 4

 
SAVING GRACE STAGE PRODUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
194,823
191,570

194,823
191,570



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
17,118
22,440

Other creditors
1,000,966
1,000,966

Accruals and deferred income
2,000
4,350

1,020,084
1,027,756



8.


Controlling party

During the year, the company was under the control of the directors.

 
Page 5