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REGISTERED NUMBER: 11506665 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

DRAMA LIMITED

DRAMA LIMITED (REGISTERED NUMBER: 11506665)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAMA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D Arazy
M L Wyman





REGISTERED OFFICE: Unit 3
Delta Court
Manor Way
Borehamwood
Hertfordshire
WD6 1FJ





REGISTERED NUMBER: 11506665 (England and Wales)





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

DRAMA LIMITED (REGISTERED NUMBER: 11506665)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 4 280,000 222,703

CURRENT ASSETS
Debtors 5 27 -
Investments 6 335,751 335,751
Cash at bank and in hand 18,883 19,083
354,661 354,834
CREDITORS
Amounts falling due within one year 7 (296,901 ) (317,113 )
NET CURRENT ASSETS 57,760 37,721
TOTAL ASSETS LESS CURRENT LIABILITIES 337,760 260,424

CREDITORS
Amounts falling due after more than one
year

8

(200,000

)

(200,000

)

PROVISIONS FOR LIABILITIES 9 (14,324 ) -
NET ASSETS 123,436 60,424

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 123,336 60,324
SHAREHOLDERS' FUNDS 123,436 60,424

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

DRAMA LIMITED (REGISTERED NUMBER: 11506665)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:




D Arazy - Director



M L Wyman - Director


DRAMA LIMITED (REGISTERED NUMBER: 11506665)

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


1. STATUTORY INFORMATION

Drama Limited 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents rents receivable from tenants.

Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as
reported in the profit and loss account because it excludes items of income or expense that are taxable or
deductible in other years and it further excludes items that are never taxable or deductible. The company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the
reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised
to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or
other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from
goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the
tax profit nor the accounting profit.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.Bank
overdrafts are shown within borrowings in current liabilities.

DRAMA LIMITED (REGISTERED NUMBER: 11506665)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 222,703
Revaluations 57,297
At 31 August 2024 280,000
NET BOOK VALUE
At 31 August 2024 280,000
At 31 August 2023 222,703

The valuation of the investment properties was made as at 31 August 2024 by the directors of the company on an open market basis. No depreciation is provided in respect of these properties.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 57,297
Cost 222,703
280,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 27 -

6. FINANCIAL INSTRUMENTS
31.8.24 31.8.23
£    £   
Instruments measured at fair value through profit
or loss

335,751

335,751

The assets represent property JV arrangements entered in to by the company.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 8,324 3,997
Other creditors 288,577 313,116
296,901 317,113

DRAMA LIMITED (REGISTERED NUMBER: 11506665)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors is an amount of £265,000 (2023: £293,539) owed to a connected company in which D Arazy and M L Wyman are both directors and shareholders. This loan is interest free and payable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 200,000 200,000

Loans totalling £200,000 (2023: £200,000) are secured against investment properties held by the company.

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 14,324 -

Deferred
tax
£   
Provided during year 14,324
Balance at 31 August 2024 14,324

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary shares 1 100 100