Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31truefalsefalse2024-01-01falseNo description of principal activity33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09909201 2024-01-01 2024-12-31 09909201 2023-01-01 2023-12-31 09909201 2024-12-31 09909201 2023-12-31 09909201 c:Director1 2024-01-01 2024-12-31 09909201 d:OfficeEquipment 2024-01-01 2024-12-31 09909201 d:OfficeEquipment 2024-12-31 09909201 d:OfficeEquipment 2023-12-31 09909201 d:CurrentFinancialInstruments 2024-12-31 09909201 d:CurrentFinancialInstruments 2023-12-31 09909201 d:Non-currentFinancialInstruments 2024-12-31 09909201 d:Non-currentFinancialInstruments 2023-12-31 09909201 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09909201 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09909201 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09909201 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09909201 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09909201 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09909201 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09909201 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09909201 d:ShareCapital 2024-12-31 09909201 d:ShareCapital 2023-12-31 09909201 d:SharePremium 2024-12-31 09909201 d:SharePremium 2023-12-31 09909201 d:RetainedEarningsAccumulatedLosses 2024-12-31 09909201 d:RetainedEarningsAccumulatedLosses 2023-12-31 09909201 c:FRS102 2024-01-01 2024-12-31 09909201 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09909201 c:FullAccounts 2024-01-01 2024-12-31 09909201 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09909201 2 2024-01-01 2024-12-31 09909201 6 2024-01-01 2024-12-31 09909201 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09909201









EMPIRE STREET PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
EMPIRE STREET PRODUCTIONS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EMPIRE STREET PRODUCTIONS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Empire Street Productions Limited for the year ended 31 December 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Empire Street Productions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Empire Street Productions Limited and state those matters that we have agreed to state to the Board of Directors of Empire Street Productions Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Empire Street Productions Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Empire Street Productions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Empire Street Productions Limited. You consider that Empire Street Productions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Empire Street Productions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Nyman Libson Paul LLP
 
Chartered Accountants
  
124 Finchley Road
London
NW3 5JS
21 July 2025
Page 1

 
EMPIRE STREET PRODUCTIONS LIMITED
REGISTERED NUMBER: 09909201

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 6 
4
3

  
4
3

Current assets
  

Production costs
 7 
95,962
78,069

Debtors: amounts falling due within one year
 8 
77,737
136,796

Cash at bank and in hand
  
934,580
878,225

  
1,108,279
1,093,090

Creditors: amounts falling due within one year
 9 
(426,324)
(479,824)

Net current assets
  
 
 
681,955
 
 
613,266

Total assets less current liabilities
  
681,959
613,269

Creditors: amounts falling due after more than one year
 10 
(3,000)
(7,000)

  

Net assets
  
678,959
606,269


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
449,997
449,997

Profit and loss account
  
228,958
156,268

  
678,959
606,269


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 year 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.

Page 2

 
EMPIRE STREET PRODUCTIONS LIMITED
REGISTERED NUMBER: 09909201
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 July 2025.

J Bierman
Director

Page 3

 
EMPIRE STREET PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Empire Street Productions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, England, NW3 5JS.

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

Going concern

The company meets its day to day working capital requirements through its own resources.
The directors have prepared forecasts and cash flow projections based on a number of potential scenarios. These, together with the reserves and cash held, indicate that the company has adequate resources to continue in operational existence for the foreseeable future. Further financial support has been received by way of a bounce back loan. It is, however, difficult to determine the assumptions that will prove to be the most appropriate therefore there is an element of uncertainty existing.
After reviewing the forecasts and projections, 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 twelve months. The directors therefore consider it appropriate to continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover comprises revenue recognised by the company in respect of producer fees during the year.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
EMPIRE STREET PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
25% Straight line

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Production costs

Production costs comprise costs incurred in respect of the development of potential theatre productions, which are stated at the lower of cost and net realisable value.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
EMPIRE STREET PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

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.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
1,328



At 31 December 2024

1,328



Depreciation


At 1 January 2024
1,328



At 31 December 2024

1,328



Net book value



At 31 December 2024
-



At 31 December 2023
-

Page 6

 
EMPIRE STREET PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
3


Additions
1



At 31 December 2024
4





7.


Production costs

2024
2023
£
£

Production development costs
95,962
78,069

95,962
78,069


Page 7

 
EMPIRE STREET PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Debtors

2024
2023
£
£


Trade debtors
237
59,296

Amounts owed by group undertakings
67,500
67,500

Prepayments and accrued income
10,000
10,000

77,737
136,796



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,000
4,000

Trade creditors
14,726
6,058

Amounts owed to group undertakings
4
3

Other taxation and social security
27,808
34,977

Other creditors
375,786
430,786

Accruals and deferred income
4,000
4,000

426,324
479,824



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,000
7,000

3,000
7,000


Page 8

 
EMPIRE STREET PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,000
4,000


4,000
4,000

Amounts falling due 1-2 years

Bank loans
3,000
4,000


3,000
4,000

Amounts falling due 2-5 years

Bank loans
-
3,000


-
3,000


7,000
11,000


 
Page 9