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REGISTERED NUMBER: 10043419 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE WALL OF COMEDY LTD

THE WALL OF COMEDY LTD (REGISTERED NUMBER: 10043419)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WALL OF COMEDY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P Ascott
Mr J Wade
Mr T Makopa





REGISTERED OFFICE: 17 St. Helen's Place
We Work
London
EC3A 6DG





REGISTERED NUMBER: 10043419 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

THE WALL OF COMEDY LTD (REGISTERED NUMBER: 10043419)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,148 36,877

CURRENT ASSETS
Debtors 5 735,000 1,686,942
Cash at bank and in hand 52,143 209,996
787,143 1,896,938
CREDITORS
Amounts falling due within one year 6 (651,672 ) (1,423,661 )
NET CURRENT ASSETS 135,471 473,277
TOTAL ASSETS LESS CURRENT LIABILITIES 169,619 510,154

CREDITORS
Amounts falling due after more than one
year

7

(12,678

)

(200,606

)
NET ASSETS 156,941 309,548

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 156,937 309,544
SHAREHOLDERS' FUNDS 156,941 309,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE WALL OF COMEDY LTD (REGISTERED NUMBER: 10043419)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr P Ascott - Director


THE WALL OF COMEDY LTD (REGISTERED NUMBER: 10043419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

The Wall Of Comedy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents fees receivable for TV development and production services. Fee income is recognised when the contractual conditions for payment have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 15 ) .

THE WALL OF COMEDY LTD (REGISTERED NUMBER: 10043419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 74,419
Additions 13,162
At 31 March 2024 87,581
DEPRECIATION
At 1 April 2023 37,542
Charge for year 15,891
At 31 March 2024 53,433
NET BOOK VALUE
At 31 March 2024 34,148
At 31 March 2023 36,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 235,461 461,029
Amounts owed by group undertakings 3,200 3,200
Other debtors 496,339 1,222,713
735,000 1,686,942

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 10,648 2,973
Trade creditors 341,410 243,762
Taxation and social security 214,854 122,198
Other creditors 84,760 1,054,728
651,672 1,423,661

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 12,678 32,389
Other creditors - 168,217
12,678 200,606

THE WALL OF COMEDY LTD (REGISTERED NUMBER: 10043419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 2,973
Bank loans 10,648 -
10,648 2,973

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,678 32,389
Other loans - 1-2 years - 168,217
12,678 200,606

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
4 Ordinary 1 4 4