ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

ART ON BROADWAY LIMITED - Company Information

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Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-28falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-04-27No description of principal activity1truetrue 13359485 2021-04-26 13359485 2021-04-27 2022-02-28 13359485 2020-03-01 2021-04-26 13359485 2022-02-28 13359485 c:Director1 2021-04-27 2022-02-28 13359485 d:CurrentFinancialInstruments 2022-02-28 13359485 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13359485 d:ShareCapital 2022-02-28 13359485 c:FRS102 2021-04-27 2022-02-28 13359485 c:AuditExempt-NoAccountantsReport 2021-04-27 2022-02-28 13359485 c:FullAccounts 2021-04-27 2022-02-28 13359485 c:PrivateLimitedCompanyLtd 2021-04-27 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 13359485









ART ON BROADWAY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2022
 
ART ON BROADWAY LIMITED
REGISTERED NUMBER: 13359485

BALANCE SHEET
AS AT 28 FEBRUARY 2022

2022
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
45,397

Cash at bank and in hand
 5 
19,813

  
65,210

Creditors: amounts falling due within one year
 6 
(65,209)

Net current assets
  
 
 
1

Total assets less current liabilities
  
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
  
1

  
1


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 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 17 February 2023.




David S Adkin
Director

The notes on pages 2 to 3 form part of these financial statements.
Page 1
 
ART ON BROADWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2022

1.


General information

Art on Broadway Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS.

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

Revenue

Revenue comprises non returnable investor production funding.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on theatre production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.4

Debtors

Short-term debtors are measured at transaction price, 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. 

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 

 
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 third parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 2
 
ART ON BROADWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2022

4.


Debtors

2022
£


Other debtors
45,396

Called up share capital not paid
1

45,397



5.


Cash and cash equivalents

2022
£

Cash at bank and in hand
19,813

19,813



6.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
4,192

Other creditors
53,017

Accruals and deferred income
8,000

65,209


 
Page 3