IRIS Accounts Production v25.1.3.33 07839285 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078392852023-12-31078392852024-12-31078392852024-01-012024-12-31078392852022-12-31078392852023-01-012023-12-31078392852023-12-3107839285ns15:EnglandWales2024-01-012024-12-3107839285ns14:PoundSterling2024-01-012024-12-3107839285ns10:Director12024-01-012024-12-3107839285ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107839285ns10:SmallEntities2024-01-012024-12-3107839285ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107839285ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107839285ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107839285ns10:FullAccounts2024-01-012024-12-3107839285ns10:OrdinaryShareClass12024-01-012024-12-3107839285ns10:Director22024-01-012024-12-3107839285ns10:RegisteredOffice2024-01-012024-12-3107839285ns5:CurrentFinancialInstruments2024-12-3107839285ns5:CurrentFinancialInstruments2023-12-3107839285ns5:ShareCapital2024-12-3107839285ns5:ShareCapital2023-12-3107839285ns5:RetainedEarningsAccumulatedLosses2024-12-3107839285ns5:RetainedEarningsAccumulatedLosses2023-12-3107839285ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107839285ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107839285ns5:CurrentFinancialInstruments2024-01-012024-12-3107839285ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 07839285 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

QUALITY OF LIFE PRODUCTIONS UK LIMITED

QUALITY OF LIFE PRODUCTIONS UK LIMITED (REGISTERED NUMBER: 07839285)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QUALITY OF LIFE PRODUCTIONS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: L Feist
L Sutherland





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 07839285 (England and Wales)





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

QUALITY OF LIFE PRODUCTIONS UK LIMITED (REGISTERED NUMBER: 07839285)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 15,085 37,828
Cash at bank 166,798 176,908
181,883 214,736
CREDITORS
Amounts falling due within one year 5 (68,380 ) (94,930 )
NET CURRENT ASSETS 113,503 119,806
TOTAL ASSETS LESS CURRENT LIABILITIES 113,503 119,806

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 113,502 119,805
SHAREHOLDERS' FUNDS 113,503 119,806

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 29 May 2025 and were signed on its behalf by:





L Sutherland - Director


QUALITY OF LIFE PRODUCTIONS UK LIMITED (REGISTERED NUMBER: 07839285)

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


1. STATUTORY INFORMATION

Company information
Quality Of Life Productions UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The principal accounting policies adopted are set out below.

Turnover
Turnover represents royalty income and is included on a receivable basis and amounts receivable for the provision of tour productions services and licence fees. Turnover is recognised at the point the services are provided.

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.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

QUALITY OF LIFE PRODUCTIONS UK LIMITED (REGISTERED NUMBER: 07839285)

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


3. EMPLOYEES

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 20,751
Other debtors 15,085 17,077
15,085 37,828

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,091 -
Amounts owed to group undertakings 60,011 91,468
Taxation and social security 2,973 -
Other creditors 4,305 3,462
68,380 94,930

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary £1 1 1

7. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available in accordance with FRS 102 Section 1A paragraph 1AC.35 not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is a party to the transactions with.

8. PARENT COMPANY

The ultimate parent company is Quality of Life Canada Inc. by virtue of its 100% shareholding in the company. Quality of Life Canada Inc is a company registered in Canada.