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 12527635 Mr Tristan Baker Mr Oliver Royds Troubadour Theatres Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12527635 2023-08-31 12527635 2024-08-31 12527635 2023-09-01 2024-08-31 12527635 frs-core:CurrentFinancialInstruments 2024-08-31 12527635 frs-core:Non-currentFinancialInstruments 2024-08-31 12527635 frs-core:ComputerEquipment 2024-08-31 12527635 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12527635 frs-core:ComputerEquipment 2023-08-31 12527635 frs-core:FurnitureFittings 2024-08-31 12527635 frs-core:FurnitureFittings 2023-09-01 2024-08-31 12527635 frs-core:FurnitureFittings 2023-08-31 12527635 frs-core:PlantMachinery 2024-08-31 12527635 frs-core:PlantMachinery 2023-09-01 2024-08-31 12527635 frs-core:PlantMachinery 2023-08-31 12527635 frs-core:ShareCapital 2024-08-31 12527635 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12527635 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12527635 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12527635 frs-bus:SmallEntities 2023-09-01 2024-08-31 12527635 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12527635 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12527635 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 12527635 frs-bus:OrdinaryShareClass1 2024-08-31 12527635 1 2023-09-01 2024-08-31 12527635 frs-bus:Director1 2023-09-01 2024-08-31 12527635 frs-bus:Director2 2023-09-01 2024-08-31 12527635 frs-core:CurrentFinancialInstruments 1 2024-08-31 12527635 frs-core:CurrentFinancialInstruments 2 2024-08-31 12527635 frs-countries:EnglandWales 2023-09-01 2024-08-31 12527635 2022-08-31 12527635 2023-08-31 12527635 2022-09-01 2023-08-31 12527635 frs-core:CurrentFinancialInstruments 2023-08-31 12527635 frs-core:Non-currentFinancialInstruments 2023-08-31 12527635 frs-core:ShareCapital 2023-08-31 12527635 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12527635 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 12527635 frs-core:CurrentFinancialInstruments 1 2023-08-31 12527635 frs-core:CurrentFinancialInstruments 2 2023-08-31
Registered number: 12527635
Meridian Water 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: 12527635
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,749,381 3,982,092
3,749,381 3,982,092
CURRENT ASSETS
Debtors 5 499,937 334,188
Cash at bank and in hand 1,067 275
501,004 334,463
Creditors: Amounts Falling Due Within One Year 6 (1,715,667 ) (2,465,493 )
NET CURRENT ASSETS (LIABILITIES) (1,214,663 ) (2,131,030 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,534,718 1,851,062
Creditors: Amounts Falling Due After More Than One Year 7 (2,869,776 ) (1,013,531 )
NET (LIABILITIES)/ASSETS (335,058 ) 837,531
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (335,158 ) 837,431
SHAREHOLDERS' FUNDS (335,058) 837,531
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 Tristan Baker
Director
8 August 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
Meridian Water Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12527635 . The registered office is 3 Fulton Road, London, England, 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 15 Years
Fixtures & Fittings 25% - Straight line method
Computer Equipment 25% - Straight line method
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 13 15
13 15
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 4,737,842 125,365 7,959 4,871,166
Additions 103,955 17,309 3,186 124,450
As at 31 August 2024 4,841,797 142,674 11,145 4,995,616
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 September 2023 818,987 68,407 1,680 889,074
Provided during the period 320,652 34,228 2,281 357,161
As at 31 August 2024 1,139,639 102,635 3,961 1,246,235
Net Book Value
As at 31 August 2024 3,702,158 40,039 7,184 3,749,381
As at 1 September 2023 3,918,855 56,958 6,279 3,982,092
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60,550 13,092
Prepayments and accrued income 140,149 40,918
Rent Deposit 94,178 94,178
Other taxes and social security 18,260 -
313,137 148,188
Due after more than one year
Amounts owed by group undertakings 186,800 186,000
499,937 334,188
Included in Amounts owed by group undertakings is a balance of £186,800 which is owed by Troubadour Asset Management (Company No.11717983).
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 249,907 929,878
Other taxes and social security - 21,115
VAT 703,972 782,105
Other creditors 105,828 394,497
Company Credit Card 1,567 2,698
Pension 536 1,648
Accruals and deferred income 653,857 333,552
1,715,667 2,465,493
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 2,869,776 1,013,531
Included in Amounts owed to group undertakings is a balance of £77,854 which is owed to White City Theatre Limited (Company No.11294334) and £2,360,878 is owed to Wembley Park Theatre Limited (Company No.10940099), £72,295 is owed to Troubadour Theatres Limited (Company No.10898810) and £358,749 is owed to Brent Cross Studios Limited (Company No.13322891).
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 £200,000, charged by Troubdour Theatres Ltd, which is the holding company of Meridian Water 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