Company Registration No. 10071629 (England and Wales)
KX TICKETS LIMITED
Unaudited accounts
for the year ended 31 March 2020
KX TICKETS LIMITED
Unaudited accounts
Contents
KX TICKETS LIMITED
Company Information
for the year ended 31 March 2020
Directors
Tristan Michael Douglas Baker
Oliver Charles Royds
Company Number
10071629 (England and Wales)
Registered Office
62 SHAFTESBURY AVENUE
LONDON
W1D 6LT
UNITED KINGDOM
KX TICKETS LIMITED
Statement of financial position
as at 31 March 2020
Tangible assets
12,765
3,236
Cash at bank and in hand
489,427
305,436
Creditors: amounts falling due within one year
(6,141,890)
(738,756)
Net current assets
153,267
96,471
Called up share capital
100
100
Profit and loss account
165,932
99,607
Shareholders' funds
166,032
99,707
For the year ending 31 March 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2020 and were signed on its behalf by
Tristan Michael Douglas Baker
Director
Company Registration No. 10071629
KX TICKETS LIMITED
Notes to the Accounts
for the year ended 31 March 2020
KX TICKETS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10071629. The registered office is 62 SHAFTESBURY AVENUE, LONDON, W1D 6LT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2019
3,760
20,907
24,667
At 31 March 2020
3,760
37,139
40,899
At 1 April 2019
2,374
19,057
21,431
Charge for the year
1,254
5,449
6,703
At 31 March 2020
3,628
24,506
28,134
At 31 March 2020
132
12,633
12,765
At 31 March 2019
1,386
1,850
3,236
KX TICKETS LIMITED
Notes to the Accounts
for the year ended 31 March 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
320,026
196,266
Accrued income and prepayments
-
47,000
Other debtors
5,485,704
286,525
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
11,942
155,226
Taxes and social security
68,991
34,146
Other creditors
5,460,957
549,384
Loans from directors
600,000
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
Included within other debtors is £785,000 due from Troubadour Theatres Limited which is interest free and repayable on demand. The companies are related by virtue of common control.
Included within other debtors is £327,394 due from B.O.S. Productions Limited which is interest free and repayable on demand. The company is controlled by Mr O Royds, a director and shareholder of the company.
Included within other debtors is £4,368,454 due from Wembley Park Theatres Limited, a wholly owned subsidiary of Troubadour Theatres Limited, which is interest free and repayable on demand. Of this amount, £1,558,000 has been repaid since the balance sheet date.
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Average number of employees
During the year the average number of employees was 34 (2019: 17).
