ACCOUNTS - Final Accounts

ALAN PRICE PRODUCTIONS LIMITED - Company Information

Registered number: 01620004

ALAN PRICE PRODUCTIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020


ALAN PRICE PRODUCTIONS LIMITED REGISTERED NUMBER:01620004

BALANCE SHEET

AS AT 31 MARCH 2020

		2020		2019
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	21,524		-
Cash at bank	5	796		796
		22,320		796
Creditors: amounts falling due within one year	6	(22,119)		(33,816)
Net current assets/ (liabilities)			201		(33,020)
Total assets less current liabilities			201		(33,020)

Net assets/ (liabilities)			201		(33,020)

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		199	(33,022)
		201	(33,020)

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 year 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 profit and loss account 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 by:

A Price

Director

Date: 25 February 2021

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


ALAN PRICE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

1.	General information

Alan Price Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 01620004. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of music and theatrical production.

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

2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

2.3

Going concern

The director is assessing the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the director appreciates there is significant uncertainty surrounding the future economic climate, the company continues to receive support from its shareholder. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.

2.5

Debtors

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

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

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

Employees

The average monthly number of employees, including the director, during the year was 1 (2019 -1).


ALAN PRICE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

Debtors

					2020	2019
					£	£


Accrued income	21,524	-
	21,524	-

5.	Cash
		2020	2019
		£	£

	Cash at bank	796	796

6.	Creditors: amounts falling due within one year
		2020	2019
		£	£

Trade creditors	-	300
Other creditors	22,119	32,766
Accruals	-	750
	22,119	33,816

7.	Share capital
		2020	2019
		£	£

Allotted, called up and fully paid

2 (2019 -2) Ordinary shares of £1.00 each	2	2

8.	Transactions with the director

During the year the director paid expenses of £2,120 (2019 - £3,824) on behalf of the company. As at the year end the company owed £22,119 (2019- £20,920) to the director. This loan is unsecured, interest free and repayable on demand.