Company registration number 12422301 (England and Wales)
W&W PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
W&W PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
W&W PRODUCTIONS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
28,850
110,724
Cash at bank and in hand
16,255
2,997
45,105
113,721
Creditors: amounts falling due within one year
4
(112,279)
(207,081)
Net current liabilities
(67,174)
(93,360)
Capital and reserves
Called up share capital
99
99
Profit and loss reserves
(67,273)
(93,459)
Total equity
(67,174)
(93,360)
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 14 August 2025 and are signed on its behalf by:
Willem van Hanegem
Ward van der Harst
Director
Director
Company registration number 12422301 (England and Wales)
W&W PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
W&W Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.
1.1
Accounting convention
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.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Income from contracts for the provision of live performances is recognised based on performance date.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company only has financial instruments which are classified as basic financial instruments.
Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
W&W PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
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.
1.8
Foreign exchange
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,280
92,855
Other debtors
24,570
17,869
28,850
110,724
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
21,991
27,309
Other creditors
90,288
179,772
112,279
207,081
W&W PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
5
Related party transactions
Transactions with related parties
During the period W&W Productions Limited repaid and incurred costs of £27,312 on behalf of We Control The Sound LLC which is ultimately controlled by the same designated members. We Control The Sound LLC repaid and incurred costs of £19,911 to W&W Productions Ltd during the same period. At the balance sheet date the related party owed £24,201 to the company (2023 - £16,800).
This loan is interest free and repayable on demand.
6
Directors' transactions
During the period, Willem van Hanegem, a director of the company, incurred expenses on behalf of the company totalling £171,908. During the same period, W&W Productions Limited incurred expenses on behalf of Willem van Hanegem totalling £197,408. The director invoiced the company for £9,486 in respect of an artist fee which was paid in full during the period and is reflected as an expense on the profit and loss account. At the balance sheet date W&W Productions Limited owed £13,541 (2023 - £39,041) to Willem van Hanegem.
During the period, Ward van der Harst, a director of the company, incurred expenses on behalf of the company totalling £120,919. During the same period, W&W Productions Limited incurred expenses on behalf of Ward van der Harst totalling £78,016. At the balance sheet date W&W Productions Limited owed £46,852 (2023 - £3,949) to Ward van der Harst.
No interest has been charged on these balances.