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Registered number: 15471908
N A SWANS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2026
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N A SWANS LIMITED
REGISTERED NUMBER: 15471908
BALANCE SHEET
AS AT 31 MARCH 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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 income and retained earnings 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 22 September 2026.
The notes on pages 2 to 5 form part of these financial statements.
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N A SWANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
N A Swans Limited is a private company limited by shares and incorporated in England.
The address of the registered office is 124 Finchley Road, London, NW3 5JS.
The company produces the touring dance-theatre production of Swan Lake.
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The company was incorporated on 7 February 2024 and commenced trading from the same date.
The financial statements are prepared on a 52 week (and where appropriate 53 weeks) basis to the Sunday closest to 31 March each year.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The company meets its day to day working capital requirement through the utilisation of its own funds and support from its parent company. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company expects to exist in dormancy for any future shows and trading opportunities. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Revenue relating to ticket sales is recognised at the end of the week in which the show is staged.
Revenue is reported on all admissions and is exclusive of VAT. Revenue from admission is reported as the amount received by the producer after the theatres have deducted relevant commission and banking charges.
Other income is recognised in the period in which the income is earned.
Interest income is recognised in profit or loss using the effective interest method.
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N A SWANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
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 balance sheet date in the countries where the company operates and generates income.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
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Payment to parent charity under Gift Aid
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The company has adopted a policy of paying all its taxable profit where relevant to its parent charity under deed of covenants. These payments are recognised as distributions through equity. In these circumstances an operating profit would exist at the balance sheet date , whilst no tax charge would arise on the basis that the payment under the deed of covenant is expected be made within nine months of the reporting date.
The distribution is recognised when the company has made an irrecoverable commitment to the parent charity to pay the taxable profit.
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N A SWANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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The average monthly number of employees, including directors, during the year was 2 (2025 - 2).
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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N A SWANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Related party transactions
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During the period the company received a production grant of £Nil (2025: £650,000) from its parent New Adventures Charity and paid various fees totalling £209,508 (2025: £111,349) and donations under the deed of covenants totalling £178,629 (2025: £1,123,778) to New Adventures Charity.
At the reporting date, the company was owed £Nil (2025: £22,100) from New Adventures Charity, and owed £29,765 (2025: £83,464) to New Adventures Charity.
During the year the company paid fees of £209,768 (2025: £111,410) to Great Leap Forward, a company which shares a common director with NA Swans Limited.
At the reporting date, the company owed R Noble, a director, £105,549 (2025: £Nil) which has been included in short term creditors. The balance is interest free and repayable on demand.
There were no further related party transactions requiring disclosure at the reporting date.
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The company's immediate and ultimate controlling party is New Adventures Charity, a charitable company incorporated in the United Kingdom.
The auditors' report on the financial statements for the year ended 31 March 2026 was unqualified.
The audit report was signed on 23 September 2026 by Andrew Thomas (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.
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