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COMMON GROUND ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026
Common Ground Entertainment Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.
The company was incorporated on 9 October 2024.
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:
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price.
Stocks comprise development costs. These costs are recognised as current assets and will be charged to the profit and loss account as cost of sales when the related revenue is recognised.
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The average monthly number of employees, including directors, during the period was 2.
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