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Registered number: 12010728









ANNAPURNA THEATRE COMPANY UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ANNAPURNA THEATRE COMPANY UK LIMITED
REGISTERED NUMBER: 12010728

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Fixed asset investments
  
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 6 
23,686
504,561

Cash at bank and in hand
  
442,957
59,048

  
466,643
563,609

Creditors: amounts falling due within one year
 7 
(240,014)
(359,252)

Net current assets
  
 
 
226,629
 
 
204,357

Total assets less current liabilities
  
226,630
204,358

  

Net assets
  
226,630
204,358


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
226,629
204,357

  
226,630
204,358


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 11 June 2025.




C Corabi
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ANNAPURNA THEATRE COMPANY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Annapurna Theatre Company UK Limited is a private company limited by shares and incorporated in England and Wales. The address of its registered office is 7 Savoy Court, London, WC2R 0EX. 

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover 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. Turnover comprises revenue recognised by the company in respect of producer fees, profit shares and royalties exclusive of Value Added Tax.
Distribution income from the sale of film rights
Revenue also relates to the sale of film rights to domestic and non-domestic broadcasters exclusive of Value Added Tax. Revenue in respect of distribution income is reflected at the start of the licence period in full.

 
2.4

Interest income

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

Page 2

 
ANNAPURNA THEATRE COMPANY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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.


 
2.6

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.7

Financial instruments


Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is
due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
ANNAPURNA THEATRE COMPANY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.8

Investment in theatre productions

Investments in theatre productions are carried forward at the lower of cost and estimated net realisable value.


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.
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.
Impairment of investment in theatre productions  
The company makes an estimate of the recoverable value of the investment in theatre productions at the year end. Investment in theatre productions are impaired if the investment value exceeds the net realisable value. 
 


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


Additions
1



At 31 December 2024
1




Page 4

 
ANNAPURNA THEATRE COMPANY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
474,505

Other debtors
20,000
18,334

Prepayments and accrued income
3,686
11,722

23,686
504,561


Amounts owed by group undertakings are interest free and repayable on demand.


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
230,264
350,000

Other taxation and social security
-
2

Accruals and deferred income
9,750
9,250

240,014
359,252


Amounts owed to group undertakings are interest free and repayable on demand.


8.


Related party transactions

The company is exempt from disclosing related party transactions with companies that are wholly owned within the group. The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.


9.


Controlling party

Annapurna Theatre Company UK Limited is a wholly owned subsidiary of Annapurna Theatre Company LLC, a company incorporated in the United States of America. The ultimate parent is Annapurna Holdings LLC, a company incorporated in the United States of America. The registered office address of both companies is 812 N Robertson Boulevard, West Hollywood, California, CA 90069.   


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 11 June 2025 by Anthony Pins (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.

 
Page 5