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Registration number: 14127337

Businesswoman Special Productions Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Businesswoman Special Productions Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Businesswoman Special Productions Limited

Company Information

Director

N M Coughlan

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Businesswoman Special Productions Limited

Statement of Financial Position as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,287

451

Current assets

 

Debtors

5

116,330

297,240

Cash at bank and in hand

 

90,402

-

 

206,732

297,240

Creditors: Amounts falling due within one year

6

(387,466)

(297,183)

Net current (liabilities)/assets

 

(180,734)

57

Net (liabilities)/assets

 

(179,447)

508

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(179,448)

507

Shareholders' (deficit)/funds

 

(179,447)

508

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 25 February 2025
 

.........................................

N M Coughlan

Director

Company registration number: 14127337

 

Businesswoman Special Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of performing arts services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Disclosure of long or short period

The financial statements were prepared for the year ended 31 May 2024. The comparatives relate to the period from 24 May 2022 to 31 May 2023.

Going concern

The company made a loss for the year ended 31 May 2024 and had net liabilities at that date amounting to £179,447.

The director believes that the company's services will remain in demand and that it will return to profitability for the forthcoming year.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

 

Businesswoman Special Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities.

The company recognises revenue when it has fulfilled the contractual obligation under its service contracts, based on the stage of completion and is shown net of sales/value added tax, rebates and discounts. Income from royalties is recognised over the period to which the royalties arise.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 1).

 

Businesswoman Special Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

674

674

Additions

1,591

1,591

At 31 May 2024

2,265

2,265

Depreciation

At 1 June 2023

223

223

Charge for the year

755

755

At 31 May 2024

978

978

Carrying amount

At 31 May 2024

1,287

1,287

At 31 May 2023

451

451

5

Debtors

2024
£

2023
£

Other debtors

116,330

297,240

116,330

297,240

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

376,466

296,484

Accruals and deferred income

11,000

699

387,466

297,183

7

Related party transactions

At 31 May 2024 an amount of £88,612 (2023: £297,240) was due from the director. During the year advances of £274,147 and repayments of £192,097 were made. During the year an amount of £297,240 due to the company was received. Interest of £6,562 (2023: £6,626) is payable to the company at 2.25% p.a. There were no set terms in place.