Acorah Software Products - Accounts Production 16.4.675 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 13322891 Mr Tristan Michael Douglas Baker Mr Oliver Royds Troubadour Theatres Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13322891 2023-08-31 13322891 2024-08-31 13322891 2023-09-01 2024-08-31 13322891 frs-core:CurrentFinancialInstruments 2024-08-31 13322891 frs-core:Non-currentFinancialInstruments 2024-08-31 13322891 frs-core:FurnitureFittings 2024-08-31 13322891 frs-core:FurnitureFittings 2023-09-01 2024-08-31 13322891 frs-core:FurnitureFittings 2023-08-31 13322891 frs-core:PlantMachinery 2024-08-31 13322891 frs-core:PlantMachinery 2023-09-01 2024-08-31 13322891 frs-core:PlantMachinery 2023-08-31 13322891 frs-core:ShareCapital 2024-08-31 13322891 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 13322891 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13322891 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 13322891 frs-bus:SmallEntities 2023-09-01 2024-08-31 13322891 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13322891 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13322891 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 13322891 frs-bus:OrdinaryShareClass1 2024-08-31 13322891 1 2023-09-01 2024-08-31 13322891 frs-bus:Director1 2023-09-01 2024-08-31 13322891 frs-bus:Director2 2023-09-01 2024-08-31 13322891 frs-core:CurrentFinancialInstruments 1 2024-08-31 13322891 frs-core:CurrentFinancialInstruments 2 2024-08-31 13322891 frs-countries:EnglandWales 2023-09-01 2024-08-31 13322891 2022-08-31 13322891 2023-08-31 13322891 2022-09-01 2023-08-31 13322891 frs-core:CurrentFinancialInstruments 2023-08-31 13322891 frs-core:Non-currentFinancialInstruments 2023-08-31 13322891 frs-core:ShareCapital 2023-08-31 13322891 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13322891 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 13322891 frs-core:CurrentFinancialInstruments 1 2023-08-31 13322891 frs-core:CurrentFinancialInstruments 2 2023-08-31
Registered number: 13322891
Brent Cross Studios Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13322891
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 756,751 858,832
756,751 858,832
CURRENT ASSETS
Debtors 5 546,642 984,107
Cash at bank and in hand 579 141
547,221 984,248
Creditors: Amounts Falling Due Within One Year 6 (506,843 ) (885,494 )
NET CURRENT ASSETS (LIABILITIES) 40,378 98,754
TOTAL ASSETS LESS CURRENT LIABILITIES 797,129 957,586
Creditors: Amounts Falling Due After More Than One Year 7 (1,083,719 ) (620,258 )
NET (LIABILITIES)/ASSETS (286,590 ) 337,328
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (286,690 ) 337,228
SHAREHOLDERS' FUNDS (286,590) 337,328
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Oliver Royds
Director
19 May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Brent Cross Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13322891 . The registered office is Troubadour Wembley Park Theatre, 3 Fulton Road, Wembley, HA9 0SP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Straight Line
Fixtures & Fittings 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 7 10
7 10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 960,425 30,285 990,710
Additions - 1,600 1,600
As at 31 August 2024 960,425 31,885 992,310
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 September 2023 121,934 9,944 131,878
Provided during the period 96,043 7,638 103,681
As at 31 August 2024 217,977 17,582 235,559
Net Book Value
As at 31 August 2024 742,448 14,303 756,751
As at 1 September 2023 838,491 20,341 858,832
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,070 15,384
Other debtors - Rent Deposit 46,800 46,800
Advance payments to Suppliers 33,800 -
Other taxes and social security 13,222 -
101,892 62,184
Due after more than one year
Amounts owed by group undertakings 444,750 921,923
546,642 984,107
Included in Amounts owed by group undertakings a balance of £86,000 which is owed by Troubadour Asset management Limited (Company No.11717983) and balance of £358,749 which is owed by Meridian Water Studios Limited (Company No. 12527635).
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,145 373,037
Other taxes and social security - 20,066
VAT 177,969 274,749
Pension Fund 547 2,622
Deferred Income 41,349 152,972
Accruals and deferred income 267,833 62,048
506,843 885,494
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 1,083,719 620,258
Included in Amounts owed to group undertakings a balance of £17,714 which is owed to White City Theatres Limited (Company No.11294334) & balance of £244,818 which is owed to Wembley Park Theatre Limited (Company No.10940099) & balance of £821,186 which is owed to Troubadour Theatres Limited (CompanyNo.10898810). 
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 3
Page 4
9. Related Party Transactions
Included within Head Office Costs is an amount of £300,000, charged by Troubdour Theatres Ltd, which is the holding company of Brent Cross Studios Ltd.
10. Ultimate Controlling Party
The company's ultimate controlling party is Troubadour Theatres Ltd by virtue of its ownership of 100% of the issued share capital in the company.
Page 4