REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 6 JULY 2019 TO 31 JULY 2020 |
FOR |
PERSONA ON STAGE LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 6 JULY 2019 TO 31 JULY 2020 |
FOR |
PERSONA ON STAGE LIMITED |
PERSONA ON STAGE LIMITED (REGISTERED NUMBER: 12088790) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 6 July 2019 to 31 July 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PERSONA ON STAGE LIMITED |
COMPANY INFORMATION |
for the Period 6 July 2019 to 31 July 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 London Mews |
Paddington |
London |
W2 1HY |
PERSONA ON STAGE LIMITED (REGISTERED NUMBER: 12088790) |
BALANCE SHEET |
31 July 2020 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
PERSONA ON STAGE LIMITED (REGISTERED NUMBER: 12088790) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 6 July 2019 to 31 July 2020 |
1. | STATUTORY INFORMATION |
Persona On Stage Limited is a |
On the 9 September 2019 the company changed its name from Persona SPV Limited to Persona on stage Limited. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These are the first financial statements prepared for the company and are therefore for a longer period of 12 months and 26 days. |
Related party exemption |
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. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue relates to the sale of theatre tickets. The revenue is recognised on the performance of the show to which the tickets relate as this is the moment at which risks and rewards are considered to have transferred. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors, trade creditors, other debtors and other creditors. |
The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost. |
Taxation |
Taxation for the period comprises current tax only. 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 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. |
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. |
Grant funding |
Included within other operating income are grants received during the year totalling £16,500. This funding was used to pay for the costs of the theatre production and has therefore been recognised on the accrual model. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
PERSONA ON STAGE LIMITED (REGISTERED NUMBER: 12088790) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 6 July 2019 to 31 July 2020 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
Directors |
During the period the Directors loaned the company £95,757 and this amount is owed to the Directors as at 31 July 2020. No interest is being charged on this loan, and the loan is repayable on demand. |