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Registered number: 15363884









PINK WEDNESDAY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 OCTOBER 2024

 
PINK WEDNESDAY LIMITED
REGISTERED NUMBER: 15363884

BALANCE SHEET
AS AT 27 OCTOBER 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,013,911

Cash at bank and in hand
 5 
1,034,428

  
4,048,339

Creditors: amounts falling due within one year
 6 
(4,048,338)

Net current assets
  
 
 
1

Total assets less current liabilities
  
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
  
1

  
1


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 period 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 15 May 2025.




S A P Friedman
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PINK WEDNESDAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 OCTOBER 2024

1.


General information

Pink Wednesday Limited is a private company limited by shares and registered in England & Wales. The address of its registered office of business is 45 Monmouth Street, London, WC25 9DG

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through the utilisation of its own funds and recoupable but not returnable funding from theatrical production angel investors.
In view of the terms of the funding, at the time of approving these financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the next 12 months.  The directors therefore consider it appropriate to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Revenue comprises the company's share, as producer, of admission receipts after the theatreshave deducted relevant commissions and banking charges. Revenue is recognised in the period to which the attendance occurs.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on theatre production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Page 2

 
PINK WEDNESDAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the period was 52.


4.


Debtors

2024
£


Trade debtors
227,103

Amounts owed by group undertakings
127

Other debtors
1,724,037

Prepayments and accrued income
1,062,644

3,013,911



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,034,428

1,034,428


Page 3

 
PINK WEDNESDAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
87,246

Other taxation and social security
366,113

Other creditors
2,899,814

Accruals and deferred income
695,165

4,048,338



7.


Related party transactions

Cost of sales include production fees and royalties of £333,003 payable to companies in which the directors have an interest. At the reporting date, creditors include £731,304 due to these companies.


8.


Controlling party

During the period, the Company's immediate parent undertaking was Mean Girls London UK Investment Limited. In the opinion of the directors, there is no ultimate controlling party.

 
Page 4