Scena Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04371676

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Scena Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Thompson

M Hubbard

P Winder

SECRETARY:

Mrs J Power

REGISTERED OFFICE:

Rectory House

Main Street

Beckley

East Sussex

TN31 6RS

REGISTERED NUMBER:

04371676

ACCOUNTANTS:

Rectory Accounting Limited

Rectory House

Main Street

Beckley

East Sussex

TN31 6RS

CURRENT ASSETS

Stocks

669,441

1,289,208

Debtors

4

413,058

742,400

Cash at bank

-

177,351

1,082,499

2,208,959

CREDITORS

Amounts falling due within one year

5

1,769,057

2,208,097

NET CURRENT (LIABILITIES)/ASSETS

(686,558

)

862

TOTAL ASSETS LESS CURRENT LIABILITIES

(686,558

)

862

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(686,559

)

861

SHAREHOLDERS' FUNDS

(686,558

)

862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2021 and were signed on its behalf by:

D J Thompson - Director

1.	STATUTORY INFORMATION

Scena Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company had a balance sheet deficit at the year end of £686,558 (2020 surplus £862). The ultimate holding company, Scena Holdings Limited, will continue to offer support and on this basis the accounts have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 10 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

127,401

653,369

Other debtors

285,657

89,031

413,058

742,400

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

108,520

-

Trade creditors

600,155

993,653

Taxation and social security

5,777

95,880

Other creditors

1,054,605

1,118,564

1,769,057

2,208,097

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year the company was charged rent of £62,500 (2020 - Nil) by Imperial Way Property Ltd, a company controlled by the Directors. During the year the company was charged rent of £68,750 (2020 - £150,000) by Camberwell Property Services Ltd, a company that was controlled by the Directors at that time.

The company was also charged £165,745 (2020 - £196,602) by Scena Management Services LLP, a Partnership with common ownership. At the year end the company owed £124,873 (2020 £94,043) to Scena Management Services LLP.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Thompson by virtue of his controlling shareholding in the ultimate parent company.