ACCOUNTS - Final Accounts

THEATRICAL EVENTS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04313249 2021-01-01 2021-12-31 04313249 2020-01-01 2020-12-31 04313249 2021-12-31 04313249 2020-12-31 04313249 2020-01-01 04313249 c:Director4 2021-01-01 2021-12-31 04313249 d:CurrentFinancialInstruments 2021-12-31 04313249 d:CurrentFinancialInstruments 2020-12-31 04313249 d:Non-currentFinancialInstruments 2021-12-31 04313249 d:Non-currentFinancialInstruments 2020-12-31 04313249 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04313249 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 04313249 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 04313249 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 04313249 d:ShareCapital 2021-01-01 2021-12-31 04313249 d:ShareCapital 2021-12-31 04313249 d:ShareCapital 2020-01-01 2020-12-31 04313249 d:ShareCapital 2020-12-31 04313249 d:ShareCapital 2020-01-01 04313249 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 04313249 d:RetainedEarningsAccumulatedLosses 2021-12-31 04313249 d:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 04313249 d:RetainedEarningsAccumulatedLosses 2020-12-31 04313249 d:RetainedEarningsAccumulatedLosses 2020-01-01 04313249 c:OrdinaryShareClass1 2021-01-01 2021-12-31 04313249 c:OrdinaryShareClass1 2021-12-31 04313249 c:OrdinaryShareClass1 2020-12-31 04313249 c:FRS102 2021-01-01 2021-12-31 04313249 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 04313249 c:FullAccounts 2021-01-01 2021-12-31 04313249 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04313249

THEATRICAL EVENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

THEATRICAL EVENTS LIMITED

REGISTERED NUMBER: 04313249

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£


Current assets
Debtors	5	119,877		79,938
Cash at bank and in hand		10,056		1,564
		129,933		81,502
Creditors: amounts falling due within one year	6	(114,015)		(61,278)
Net current assets			15,918		20,224
Total assets less current liabilities			15,918		20,224
Creditors: amounts falling due after more than one year	7		(24,000)		(24,000)

Net liabilities			(8,082)		(3,776)

Capital and reserves
Called up share capital	8	20	20
Profit and loss account		(8,102)	(3,796)
		(8,082)	(3,776)

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 23 December 2022.

R Townley

Director

The notes on pages 4 to 7 form part of these financial statements.

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THEATRICAL EVENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2021

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2021	20	(3,796)	(3,776)
Comprehensive income for the year
Loss for the year	-	(4,306)	(4,306)
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	(4,306)	(4,306)
Total transactions with owners	-	-	-
At 31 December 2021	20	(8,102)	(8,082)

The notes on pages 4 to 7 form part of these financial statements.

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THEATRICAL EVENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2020

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2020	20	(1,116)	(1,096)
Comprehensive income for the year
Loss for the year	-	(2,680)	(2,680)
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	(2,680)	(2,680)
Total transactions with owners	-	-	-
At 31 December 2020	20	(3,796)	(3,776)

The notes on pages 4 to 7 form part of these financial statements.

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THEATRICAL EVENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Theatrical Events Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.
The company's registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The company's principal place of business is 22 Charing Cross Road, London, WC2H 0QL.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The COVID-19 pandemic and the ensuing economic shutdown has impacted the company's operations. The company runs an international conference which is held every four years and the next conference was due to be held in 2022. The impact of COVID-19 has impacted the scheduling of the next edition and after the end of 2021 the next conference was rescheduled for 2023. In response to the COVID-19 pandemic, the Directors have perfomed a robust analysis of the company and its parent entity's analysis of forecast future cash flows taking into account the potential impact on the business of future scenarios arising from the impact of COVID-19. This analysis also considers the effectiveness of available measures to assist in mitigating the impact.
Based on these assessments and having regard to the resources available to the company, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis for preparing the Directors' report and financial statements.

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THEATRICAL EVENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Debtors

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.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Auditors' remuneration

Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).

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THEATRICAL EVENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Debtors

					2021	2020
					£	£


Trade debtors	5,000	5,000
Amounts owed by group undertakings	59,419	59,815
Other debtors	3,755	124
Prepayments and accrued income	51,703	14,999
	119,877	79,938

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	1,140	-
Amounts owed to group undertakings	106,998	55,502
Accruals and deferred income	5,877	5,776
	114,015	61,278

7.	Creditors: Amounts falling due after more than one year
		2021	2020
		£	£

Accruals and deferred income	24,000	24,000
	24,000	24,000

8.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

2 (2020 - 2) Ordinary Shares shares of £10 each	20	20

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THEATRICAL EVENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

9.	Ultimate parent company

The ultimate parent company and controlling party is the Association of British Theatre Technicians, a registered charity incorporated in England and Wales, which owns 100% of the issued share capital of the company.
The company's results are included in the consolidated financial statements of The Association of British Theatre Technicians which are available at its registered office at 6th Floor, 2 London Wall Place, London, EC2Y 5AU.

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