Billy Elliot Academy Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 August 2019
Company Registration No. 05050898 (England and Wales)
Billy Elliot Academy Limited
Company Information
Director
S A Greene
Secretary
A L Banes
Company number
05050898
Registered office
Edelman House
1238 High Road
Whetstone
London
N20 0LH
Accountants
Moore Kingston Smith LLP
Devonshire House
60 Goswell Road
London
EC1M 7AD
Business address
The Old Vic
103 The Cut
London
United Kingdom
SE1 8NB
Billy Elliot Academy Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Billy Elliot Academy Limited
Balance Sheet
As at 31 August 2019
31 August 2019
Page 1
2019
2018
Notes
£
£
£
£
Current assets
Debtors
2
1
1
Net current assets
1
1
Capital and reserves
Called up share capital
3
1
1
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 August 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
T
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 28 May 2020
S A Greene
Director
Company Registration No. 05050898
Billy Elliot Academy Limited
Notes to the Financial Statements
For the year ended 31 August 2019
Page 2
1
Accounting policies
Company information
Billy Elliot Academy Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Old Vic, 103 The Cut, London, United Kingdom, SE1 8NB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken the following exemptions under the small companies regime:
-
The requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv).
-
The requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17(d).
-
The requirements of Section 11 paragraphs 11.39 to 11.48A and Section 12 paragraphs 12.26 to 12.29A.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.3
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic instruments measured at fair value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Debtors
2019
2018
Amounts falling due within one year:
£
£
Amounts due from group undertakings
1
1
Billy Elliot Academy Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2019
Page 3
3
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary Share of £1
1
1
1
1
4
Parent company
The immediate and ultimate parent company is The Old Vic Theatre Trust 2000, a company registered in England and wales. the company's registered office and
principal
place
of business
is The Old Vic, The Cut, London, SE1
8NB.
The Old Vic Theatre Trust 2000 prepares group financial statements and copies can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.