ACCOUNTS - Final Accounts preparation

Registered number: 15513222

PONDSTEAD LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


PONDSTEAD LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


PONDSTEAD LTD REGISTERED NUMBER:15513222

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024
Note	£

Current assets
Work in progress		516,344
Debtors: amounts falling due within one year	4	20
		516,364
Current liabilities
Creditors: amounts falling due within one year	5	(519,910)

Net liabilities		(3,546)

Capital and reserves
Called up share capital	6	1
Profit and loss account		(3,547)
		(3,546)

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 10 September 2025.

S Baron-Cohen

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


PONDSTEAD LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Pondstead Limited is a private limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The Company was incorporated on 22 February 2024 and began trading on the same date.
The principal activity of the Company during the period was that of live show production.

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

Going concern

As at 31 December 2024, the Company had accumulated losses of £3,547. The director, who is the ultimate controlling party, has prepared projected cashflow forecasts for the period ending 12 months from the date of his approval of these financial statements and based on these and his continued financial support of the Company, he considers it appropriate to prepare the financial statements on a
going concern basis.

2.3

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 reporting date in the countries where the Company operates and generates income.

2.4

Work in progress

Production costs are carried forward under work in progress and are stated at the lower of cost and net realisable value.

2.5

Debtors

Short-term debtors are measured at transaction price.

2.6

Creditors

Short-term creditors are measured at the transaction price.

Page 2


PONDSTEAD LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling..

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Employees

The director was the only employee of the Company during the current period.

Debtors

					2024
					£

	Other debtors	20

5.	Creditors: Amounts falling due within one year
		2024
		£

	Trade creditors	120
	Amounts owed to group undertakings	20,687
	Other creditors	495,656
	Accruals and deferred income	3,447
		519,910

Page 3


PONDSTEAD LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

6.	Share capital
		2024
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1	1

On incorporation, 1 Ordinary share of £1 was alloted and fully paid at par to provide initial capital.

7.	Related party transactions
	The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosure not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

8.	Controlling party

The Company is a wholly owned subsidiary of Mountport Limited, a company registered in England and Wales, which is regarded by the director as the Company's ultimate parent undertaking and controlling party.

Page 4