Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3032023-07-01falseNo description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07656513 2023-07-01 2024-06-30 07656513 2022-07-01 2023-06-30 07656513 2024-06-30 07656513 2023-06-30 07656513 c:Director1 2023-07-01 2024-06-30 07656513 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 07656513 d:OtherPropertyPlantEquipment 2024-06-30 07656513 d:OtherPropertyPlantEquipment 2023-06-30 07656513 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07656513 d:CurrentFinancialInstruments 2024-06-30 07656513 d:CurrentFinancialInstruments 2023-06-30 07656513 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07656513 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07656513 d:ShareCapital 2024-06-30 07656513 d:ShareCapital 2023-06-30 07656513 d:SharePremium 2024-06-30 07656513 d:SharePremium 2023-06-30 07656513 d:RetainedEarningsAccumulatedLosses 2024-06-30 07656513 d:RetainedEarningsAccumulatedLosses 2023-06-30 07656513 c:FRS102 2023-07-01 2024-06-30 07656513 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07656513 c:FullAccounts 2023-07-01 2024-06-30 07656513 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07656513 d:WithinOneYear 2024-06-30 07656513 d:WithinOneYear 2023-06-30 07656513 d:BetweenOneFiveYears 2024-06-30 07656513 d:BetweenOneFiveYears 2023-06-30 07656513 6 2023-07-01 2024-06-30 07656513 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 07656513









MICHAEL GRANDAGE COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MICHAEL GRANDAGE COMPANY LIMITED
REGISTERED NUMBER: 07656513

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
971
1,294

Investments
 6 
5
3

  
976
1,297

Current assets
  

Investment in Productions
 7 
3,180
37,500

Debtors: amounts falling due within one year
 8 
222,132
491,248

Cash at bank and in hand
  
1,652,164
912,344

  
1,877,476
1,441,092

Creditors: amounts falling due within one year
 9 
(329,752)
(370,297)

Net current assets
  
 
 
1,547,724
 
 
1,070,795

Total assets less current liabilities
  
1,548,700
1,072,092

  

Net assets
  
1,548,700
1,072,092


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
249,997
249,997

Profit and loss account
  
1,298,603
821,995

  
1,548,700
1,072,092


Page 1

 
MICHAEL GRANDAGE COMPANY LIMITED
REGISTERED NUMBER: 07656513
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

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 6 March 2025.



M Grandage
Director

Page 2

 
MICHAEL GRANDAGE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Michael Grandage Company Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Fourth Floor, Wyndham's Theatre, Charing Cross Road, London, WC2H 0DA.

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.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover 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. Turnover comprises revenue recognised by the company in respect of general management fees, profit shares, royalties, merchandise, producer fees and agent commissions exclusive of Value Added Tax.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable. 

Page 3

 
MICHAEL GRANDAGE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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 reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

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:

Other fixed assets
-
25% reducing balance

 
2.8

Valuation of investments

 Investments held as fixed assets are shown at cost less provision for impairment.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.10

Investments in productions

Investments in productions are carried forward at the lower of cost and estimated net realisable value.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.

Page 4

 
MICHAEL GRANDAGE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

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.
Tangible assets
Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending upon a number of factors. In re-assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).


5.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 July 2023
19,588



At 30 June 2024

19,588



Depreciation


At 1 July 2023
18,294


Charge for the year on owned assets
323



At 30 June 2024

18,617



Net book value



At 30 June 2024
971



At 30 June 2023
1,294

Page 5

 
MICHAEL GRANDAGE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
3


Additions
2



At 30 June 2024
5





7.


Investment in productions

2024
2023
£
£

Work in progress
3,180
37,500



8.


Debtors

2024
2023
£
£


Other debtors
3,142
23,962

Prepayments and accrued income
218,990
467,286

222,132
491,248



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Credit Card
527
-

Corporation tax
257,414
293,124

Other taxation and social security
2,123
5,134

Other creditors
11,433
5,025

Accruals and deferred income
58,255
67,014

329,752
370,297


Page 6

 
MICHAEL GRANDAGE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,584 (2023: £2,199). Amounts owed to the fund at the reporting date totalled £607 (2023: £607).


11.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
31,500
31,500

Later than 1 year and not later than 5 years
52,520
84,032

84,020
115,532


12.


Related party transactions

There were no transactions with related parties that are material and have not been conducted under normal market conditions.

 
Page 7