Brent Cross Studios Limited
Brent Cross Studios Limited
Registered number: 13322891
Unaudited Financial Statements
For the Period
8 April 2021
to
31 August 2022
Brent Cross Studios Limited
Unaudited Financial Statements
For the Period
8 April 2021
to
31 August 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Brent Cross Studios Limited
Balance Sheet
As at
31 August 2022
Balance Sheet
Registered number:
13322891
For the period ending 31 August 2022 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.
| 31 August 2022 | |||
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| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 142,700 | ||
Brent Cross Studios Limited
Balance Sheet (continued)
As at
31 August 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Brent Cross Studios Limited
Notes to the Financial Statements
For the Period
8 April 2021
to
31 August 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Fixtures & Fittings |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 August 2022 | |
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| Office and administration |
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3.
Tangible Assets
| Plant & Machinery | Fixtures & Fittings | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at
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| Additions |
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| As at
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| Depreciation | |||
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| Provided during the period |
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| As at
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| Net Book Value | |||
| As at
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| As at
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Brent Cross Studios Limited
Notes to the Financial Statements (continued)
For the Period
8 April 2021
to
31 August 2022
4.
Debtors
| 31 August 2022 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors - Rent Deposit |
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| Due after more than one year | |
| Amounts owed by group undertakings |
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Included in Amounts owed by group undertakings a balance of £85,000 which is owed by Troubadour Asset management Limited (Company No.11717983), balance of £829,407 which is owed by Wembley Park Theatre Limited (Company
No.10940099), and balance of £330,889 which is owed by Meridian Water Studios Limited (Company No. 12527635).
5.
Creditors: Amounts Falling Due Within One Year
| 31 August 2022 | |
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| £ | |
| Trade creditors |
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| Other taxes and social security |
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| VAT |
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| Pension Fund |
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| Deferred Income |
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| Accruals and deferred income |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 31 August 2022 | |
|---|---|
| £ | |
| Amounts owed to group undertakings |
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Included in Amounts owed to group undertakings a balance of £17,327 which is owed to White City Theatres Limited
(Company No.11294334) & balance of £260,741 which is owed to Troubadour Theatres Limited (CompanyNo.10898810).
Brent Cross Studios Limited
Notes to the Financial Statements (continued)
For the Period
8 April 2021
to
31 August 2022
8.
Ultimate Controlling Party
The company's ultimate controlling party is
Troubadour Theatres Ltd
by virtue of its ownership of 100% of the issued share capital in the company.
9.
General Information
Brent Cross Studios Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
13322891
. The registered office is Troubadour Wembley Park Theatre, 3 Fulton Road, Wembley, HA9 0SP.