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Registered number: 10190022
RE-BOURNE PRODUCTIONS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2018
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RE-BOURNE PRODUCTIONS LIMITED
REGISTERED NUMBER: 10190022
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2018
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Creditors: amounts falling due within one year
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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 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 3 December 2018.
The notes on pages 2 to 6 form part of these financial statements.
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RE-BOURNE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
Re-bourne Productions Limited is a private company limited by shares and incorporated in England. The address of the registered office is Regina House, 124 Finchley Road, London, NW3 5JS.
The company produces the touring ballet production of Early Adventures, Lord of the Flies and Juliet & Romeo.
The financial statements are prepared on a 52 week (and where appropriate 53 week) basis to the Sunday closest to 31 March each year.
2.Accounting policies
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Basis of preparation of financial statements
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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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
Revenue relating to ticket sales is recognised at the end of the week in which the show is staged. Revenue is reported on all admissions and is exclusive of VAT. Revenue from admissions is reported as the amount received by the producer after the theatre have deducted relevant commissions and banking charges.
Production costs comprise all costs incurred in the staging of the ballet performance, Early Adventures, Lord of the Flies and Juliet & Romeo. These costs are capitalised as work in progress and are amortised over the estimated life of the production on an anticipated revenue basis.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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 non-puttable ordinary shares.
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RE-BOURNE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
2.Accounting policies (continued)
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Financial instruments (continued)
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The company has no material exposures to interest rate, credit or foreign exchange risk by virtue that there are no external borrowings. The ticket provider bears all the risk with the ticket holder and all material foreign exchange transactions are denominated in sterling whereby the counterparty bear all the risk.
Short term creditors are measured at the transaction price.
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Statement of financial position date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Statement of financial position date.
Tax is recognised in the Statement of comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires maangement to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and aexpenses during the year. However, the nature of the estimation means that actual outcomes could differ from those estimates.
Production costs
These are held as a current asset on the balance sheet and amortised over the estimated life of the production on an expected revenue basis.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that are due for payment.
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RE-BOURNE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
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The average monthly number of employees, including the directors, during the Year was as follows:
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Sound, Automation, Lighting, Wigs, Wardrobes and Dressers
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During the year, no director or key management personnel received any emoluments.
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Unamortised production costs
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RE-BOURNE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Authorised, allotted, called up and fully paid
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RE-BOURNE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
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Related party transactions
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During the period the company received services totalling £65,000 (2017: £92,056) from Re-bourne, its parent undertaking. At the period end, there was £7,492 (2017: £2,162) owing from the company in relation to these services received.
During the period the company provided services totalling £19,691 (2017:£nil) to New Adventures Swan Lake Limited, a fellow subsidiary undertaking. At the period end, there was £19,691 (2017: £nil) owing to the company in relation to these recharges.
During the period the company received services totalling £53,909 (2017: £15,782) to New Adventures Red shoes Limited, a fellow subsidiary undertaking. At the period end, there was £nil (2017: £15,782) owing to the company in relation to these recharges.
During the period the company received services totalling £135,788 (2017: £nil) to New Adventures Cinderella Limited, a fellow subsidiary undertaking and provided services totalling £5,042. At the period end, there was £5,042 (2017: £nil) owing to the company in relation to these recharges and £30,050 (2017: £nil) owed in relation to the services provided.
During the period the company recharged expenses totalling £nil (2017: £132,946) to New Adventures Beauty Limited, a fellow subsidiary undertaking. As the period end, there was £nil (2017: £nil) owing to the company in relation to these recharges.
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The company's immediate and ultimate controlling party is Re-bourne, a charitable company incorporated in the United Kingdom.
The auditors' report on the financial statements for the Year ended 31 March 2018 was unqualified.
The audit report was signed on 3 December 2018 by Anthony Pins (Senior statutory auditor) on behalf of Nyman Libson Paul.
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