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Registered number: 06257790














PRIVATE DRAMA EVENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
PRIVATE DRAMA EVENTS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 10


 
PRIVATE DRAMA EVENTS LIMITED
Registered number:06257790

STATEMENT OF FINANCIAL POSITION
As at 31 October 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
83,440
121,936

Tangible assets
 5 
11,031
6,252

  
94,471
128,188

Current assets
  

Debtors: amounts falling due within one year
 6 
988,095
492,696

Cash at bank and in hand
  
15,865
138,266

  
1,003,960
630,962

Creditors: amounts falling due within one year
 7 
(1,120,746)
(628,397)

Net current (liabilities)/assets
  
 
 
(116,786)
 
 
2,565

Total assets less current liabilities
  
(22,315)
130,753

Creditors: amounts falling due after more than one year
 8 
(73,597)
(128,659)

Provisions for liabilities
  

Deferred tax
 10 
(3,082)
(1,563)

Net (liabilities)/assets
  
(98,994)
531


Capital and reserves
  

Called up share capital 
 11 
90
2

Profit and loss account
  
(99,084)
529

  
(98,994)
531


Page 1

 
PRIVATE DRAMA EVENTS LIMITED
Registered number:06257790
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 31 October 2024

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 comprehensive income 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 25 July 2025.




A Blackwood
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PRIVATE DRAMA EVENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

1.


General information

The Company's legal form is that of a Limited Liability Company incorporated in the United Kingdom. The Company's registered office is 4 Rylett Crescent, London, W12 9RL. 
The principal activity of the company continued to be that of private and corporate events organiser. 

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax trade discounts.  

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.

 
2.4

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 provided on the following basis:

Fixtures & fittings
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.5

Debtors

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

Page 3

 
PRIVATE DRAMA EVENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.7

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.

 
2.8

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.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

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

 
2.12

Borrowing costs

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

Page 4

 
PRIVATE DRAMA EVENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 5

 
PRIVATE DRAMA EVENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
600,000



At 31 October 2024

600,000



Amortisation


At 1 November 2023
478,064


Charge for the year on owned assets
38,496



At 31 October 2024

516,560



Net book value



At 31 October 2024
83,440



At 31 October 2023
121,936



Page 6

 
PRIVATE DRAMA EVENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

5.


Tangible fixed assets





Fixtures & fittings

£



Cost 


At 1 November 2023
44,763


Additions
8,423



At 31 October 2024

53,186



Depreciation


At 1 November 2023
38,511


Charge for the year on owned assets
3,644



At 31 October 2024

42,155



Net book value



At 31 October 2024
11,031



At 31 October 2023
6,252


6.


Debtors

2024
2023
£
£


Trade debtors
131,954
118,146

Other debtors
707,423
184,192

Prepayments and accrued income
148,718
190,358

988,095
492,696


Included within other debtors is a loan to director amounting to £508,898 (2023 : £157,364).

Page 7

 
PRIVATE DRAMA EVENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
20,280
10,126

Other loans
143,910
143,073

Trade creditors
178,763
57,953

Other taxation and social security
259,764
81,222

Other creditors
1,081
955

Accruals and deferred income
516,948
335,068

1,120,746
628,397


Lloyds Bank holds a fixed and floating charge over the company and all property and assets in respect of the bank overdraft.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,970
21,095

Other loans
62,627
107,564

73,597
128,659


Page 8

 
PRIVATE DRAMA EVENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,280
10,126

Other loans
143,910
143,073


164,190
153,199

Amounts falling due 1-2 years

Bank loans
10,970
10,126

Other loans
62,627
42,583


73,597
52,709

Amounts falling due 2-5 years

Bank loans
-
10,970

Other loans
-
64,982


-
75,952


237,787
281,860



10.


Deferred taxation




2024


£






At beginning of year
(1,563)


Charged to profit or loss
(1,519)



At end of year
(3,082)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,082)
(1,563)

Page 9

 
PRIVATE DRAMA EVENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



Nil (2023 - 2) Ordinary shares of £1.000 each
-
2
90,000 (2023 - Nil) Ordinary shares of £0.001 each
90
-

90

2


During the year the 2 Ordinary shares of £1 each were subdivided into 2,000 Ordinary shares of £0.001 each. Following the subdivision the company issued 88,000 Ordinary shares of £0.001 each.

 
Page 10