ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

R&S MUSICAL PRODUCTION LIMITED - Company Information

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Caseware UK (AP4) 2016.0.181 2016.0.181 2018-04-302018-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2017-09-12 10957671 2017-09-11 10957671 2017-09-12 2018-04-30 10957671 2018-04-30 10957671 c:Director1 2017-09-12 2018-04-30 10957671 d:CurrentFinancialInstruments 2018-04-30 10957671 d:CurrentFinancialInstruments d:WithinOneYear 2018-04-30 10957671 d:ShareCapital 2018-04-30 10957671 c:FRS102 2017-09-12 2018-04-30 10957671 c:AuditExempt-NoAccountantsReport 2017-09-12 2018-04-30 10957671 c:FullAccounts 2017-09-12 2018-04-30 10957671 c:PrivateLimitedCompanyLtd 2017-09-12 2018-04-30 iso4217:GBP xbrli:pure

Registered number: 10957671









R&S MUSICAL PRODUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2018
 
R&S MUSICAL PRODUCTION LIMITED
REGISTERED NUMBER: 10957671

BALANCE SHEET
AS AT 30 APRIL 2018

2018
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
27,604

Cash at bank and in hand
  
12,420

  
40,024

Creditors: amounts falling due within one year
 5 
(40,023)

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 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 27 September 2018.



D S Adkin
Director


The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
R&S MUSICAL PRODUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2018

1.


General information

R&S Musical Production Limited is a private company limited by shares and incorporated in England. The principal place of business is 25 Powys Grove, Banbury, Oxfordshire, OX 16 0UG.

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

Turnover comprises the company's share, as producer, of admissions receipts and merchandise sales after the theatre has deducted their share, relevant commissions and banking charges plus non-returnable production investors contribution. Revenue is recognised in the period to which the attendance occurs.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

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.

 
2.5

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.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Taxation

Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2
 
R&S MUSICAL PRODUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2018

3.


Employees

The average monthly number of employees, including directors, during the period was 18.


4.


Debtors

2018
£


Other debtors
27,604

27,604



5.


Creditors: Amounts falling due within one year

2018
£

Amounts owed to group undertakings
29,773

Accruals
10,250

40,023



6.


Related party transactions

During the period the company received production funding of £196,338 from its parent company, R&S Musical UK Limited. At the balance sheet date, creditors include £29,773 due to R&S Musical UK Limited.


7.


Controlling party

The immediate parent company is R&S Musical UK Limited, a company incorporated in England & Wales. The ultimate controlling undertaking is R&S Musical Development LLC, an entity incorporated in the United States of America. the ultimate controlling party is Mr A Mittelman.

 
Page 3