REGISTERED NUMBER: 06815540 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Eat Work Art Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,368,216

2,029,173

CURRENT ASSETS

Debtors

5

17,185,193

18,288,234

Cash at bank

8,823

462,767

17,194,016

18,751,001

CREDITORS

Amounts falling due within one year

6

3,040,008

3,156,062

NET CURRENT ASSETS

14,154,008

15,594,939

TOTAL ASSETS LESS CURRENT LIABILITIES

19,522,224

17,624,112

CREDITORS

Amounts falling due after more than one year

7

(2,645,994

)

(2,669,457

)

PROVISIONS FOR LIABILITIES

8

(722,085

)

(494,121

)

NET ASSETS

16,154,145

14,460,534

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,154,045

14,460,434

SHAREHOLDERS' FUNDS

16,154,145

14,460,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr L Lawson-O'Neil - Director

1.	STATUTORY INFORMATION

Eat Work Art Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06815540

Registered office:

Hackney Downs Studios

Amhurst Terrace

London

E8 2BT

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold improvements

-

10% on cost

Fixtures, fittings and equipment

-

25% on cost

Motor vehicles

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Short

fittings

leasehold

and

Motor

improvements

equipment

vehicles

Totals

£

£

£

£

COST

At 1 September 2023

3,341,751

123,141

-

3,464,892

Additions

3,505,507

128,309

44,000

3,677,816

Disposals

-

(42,943

)

-

(42,943

)

At 31 August 2024

6,847,258

208,507

44,000

7,099,765

DEPRECIATION

At 1 September 2023

1,375,794

59,925

-

1,435,719

Charge for year

289,758

40,468

8,000

338,226

Eliminated on disposal

-

(42,396

)

-

(42,396

)

At 31 August 2024

1,665,552

57,997

8,000

1,731,549

NET BOOK VALUE

At 31 August 2024

5,181,706

150,510

36,000

5,368,216

At 31 August 2023

1,965,957

63,216

-

2,029,173

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

210,098

224,513

Other debtors

307,121

302,541

Other loans

250,000

250,000

Amounts owed by associated

companies

153,764

-

Amounts owed by group

associated companies

15,774,021

16,995,283

Directors' current accounts

263,776

-

Prepayments and accrued income

226,413

515,897

17,185,193

18,288,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

53,281

45,394

Other loans

1,108,164

957,458

Trade creditors

345,142

219,760

Corporation tax

43,398

43,398

Other creditors

32,649

223,667

Amounts due to associated

companies

91,572

50,673

Amounts owed to group

associated companies

-

750,857

Accruals and deferred income

1,365,802

864,855

3,040,008

3,156,062

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans - 1-2 years

58,348

53,794

Bank loans - 2-5 years

47,088

107,743

Other loans - 1-2 years

345,540

336,190

Other loans - 2-5 years

409,176

403,554

Resident deposits held

1,785,842

1,768,176

2,645,994

2,669,457

8.	PROVISIONS FOR LIABILITIES

31.8.24

31.8.23

£

£

Deferred tax

722,085

494,121

Deferred

tax

£

Balance at 1 September 2023

494,121

Accelerated capital allowances

227,964

Balance at 31 August 2024

722,085

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24

31.8.23

£

£

Mr L Lawson-O'Neil

Balance outstanding at start of year

-

-

Amounts advanced

263,776

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

263,776

-

10.	RELATED PARTY DISCLOSURES

Included in other debtors is a sum of £15,773,601 (2023: £14,637,069) due from Creative Network Partners Limited, the ultimate controlling company.

Included in other debtors is a sum of £420 (2023: £nil) due from Armada Way Limited, a company within the group of companies ultimately controlled by Creative Network Partners Limited.

Included in other creditors is a sum of £36,072 (2023: £22,673) due to Creative Network Events Limited, a company in which the sole director has an interest.

Included in other creditors is a sum of £55,500 (2023: £28,000) due to Tiny Wilds Limited, a company in which a related party of the sole director has an interest.