Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01truetruefalseNo description of principal activity44false 03258762 2023-06-30 03258762 2023-07-01 2024-06-30 03258762 2022-07-01 2023-06-30 03258762 2024-06-30 03258762 c:Director1 2023-07-01 2024-06-30 03258762 d:PlantMachinery 2024-06-30 03258762 d:PlantMachinery 2023-06-30 03258762 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03258762 d:FurnitureFittings 2023-07-01 2024-06-30 03258762 d:OfficeEquipment 2023-07-01 2024-06-30 03258762 d:ComputerEquipment 2023-07-01 2024-06-30 03258762 d:CurrentFinancialInstruments 2024-06-30 03258762 d:CurrentFinancialInstruments 2023-06-30 03258762 c:FRS102 2023-07-01 2024-06-30 03258762 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03258762 c:FullAccounts 2023-07-01 2024-06-30 03258762 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03258762 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 03258762









MICHAEL CODRON PLAYS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MICHAEL CODRON PLAYS LIMITED
REGISTERED NUMBER: 03258762

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 5 
10
14

Current assets
  

Debtors: amounts falling due within one year
 6 
47,639
35,324

Cash at bank and in hand
  
32,575
23,903

  
80,214
59,227

Creditors: amounts falling due within one year
 7 
(77,621)
(58,047)

Net current assets
  
 
 
2,593
 
 
1,180

Total assets less current liabilities
  
2,603
1,194

  

  

  

Net assets
  
2,603
1,194


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,503
1,094

  
2,603
1,194


Page 1

 
MICHAEL CODRON PLAYS LIMITED
REGISTERED NUMBER: 03258762
    
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 21 March 2025.




Sir Michael Codron
Director

Page 2

 
MICHAEL CODRON PLAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Michael Cordron Plays Limited is a private company limited by shares, incorporated in England and Wales. The address of it's registered office is 124 Finchley Road, London, NW3 5JS. 
The company's functional and presentational currency is GBP rounded to the nearest pound.

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

Revenue

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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.
Commissions
Commissions are calculated on a quarterly basis at 5% of the Aldwych Theatre's total rental. Income is recognised in the accounts as soon as the total rental income  is known by the Aldwych Theatre.   
Management Fees
Management fees are recognised in the accounts based on a fixed monthly retainer and any additional services provided by the company.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
MICHAEL CODRON PLAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Taxation

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 at reporting date in the UK where the company operates and generates income.

 
2.6

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:

Fixtures & fittings
-
10% straight line
Office equipment
-
25% straight line
Computer equipment
-
33% reducing balance

 
2.7

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. 

 
2.8

Dividends

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


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.
Tangible assets
Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of assets and residual values are assessed annually and may vary depending on 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.
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.

Page 4

 
MICHAEL CODRON PLAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Employees

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


5.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 July 2023
10,094



At 30 June 2024

10,094



Depreciation


At 1 July 2023
10,080


Charge for the year on owned assets
4



At 30 June 2024

10,084



Net book value



At 30 June 2024
10



At 30 June 2023
14

Page 5

 
MICHAEL CODRON PLAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
18,847

Other debtors
4,116
16,311

Prepayments and accrued income
43,523
166

47,639
35,324



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
309
4,784

Corporation tax
47,700
30,183

Other taxation and social security
13,575
15,374

Other creditors
1,187
206

Accruals and deferred income
14,850
7,500

77,621
58,047



8.


Related party transactions

At the reporting date, the company owed £944 (2023: was owed £12,195) to Sir Michael Codron, the director of the company. Interest has been charged on overdrawn amounts at the official rate of interest which amounted to £125 (2023: £168).  
There are no further transactions with related parties that are material and have not been conducted under normal market conditions.

 
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