Registered number:
09084188
Just For Laughs Theatricals UK Limited
Annual report and financial statements
30 December 2018
Just For Laughs Theatricals UK Limited
Balance sheet at 30 December 2018
2018
2017
Notes
£
£
Investments
4
-
1,256
______
______
Current assets
Debtors
5
542,094
530,320
Cash at bank and in hand
58,032
26,036
______
______
600,126
556,356
Creditors: amounts falling due within one year
6
(638,752)
(579,132)
______
______
Net current liabilities
(38,626)
(22,776)
______
______
Net liabilities
£(38,626)
£(21,520)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(38,726)
(21,620)
______
______
Equity shareholders' funds
£(38,626)
£(21,520)
The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. In accordance with s444 (5) of the small companies regime the profit and loss account and director's report have not been delivered.
Approved by the board of directors on
21 November 2019
21 November 2019
21 November 2019
and signed on its behalf:
G Rozon
Director
Registered number: 09084188
The notes on pages 2 to 4 form part of these financial statements.
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Just For Laughs Theatricals UK Limited
Notes to the financial statements - 30 December 2018
1.
Accounting policies
The financial statements have been prepared under the historical cost convention and are in accordance with applicable Accounting Standards. These financial statements have been prepared in accordance with FRS 102, section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
a)
Revenue recognition
Revenue from services provided and royalty income is recognised when the services are provided. Returns on investments are recognised when the production invested in completes it activities.
b)
Taxation
Taxation represents the sum of tax currently payable and deferred taxation.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax is assets reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the balance sheet date.
c)
Foreign currencies
Assets and liabilities denominated in foreign currencies are translated at the rate of exchange prevailing at the balance sheet date.
Transactions in foreign currencies are recorded at the rate prevailing at the date of transaction.
All foreign currency translation differences are taken to the profit and loss account.
2.
Auditors' report
Under the Companies Act 2006 s444 (5B) the Auditors' report has not been filed.
The auditors' report for the year ended 30 December 2018
30 December 2018
was unqualified.
The senior statutory auditor was Malcolm Friend of Friend Partnership Limited.
3.
Employees
The average number of persons employed by the company (including directors) was nil (2017 – 1).
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Just For Laughs Theatricals UK Limited
Notes to the financial statements (continued)
4.
Investments
2018
2017
£
£
At 31 December 2017
1,256
1,256
Additions
-
-
Disposals
(1,256)
-
_____
_____
At 30 December 2018
£ -
£1,256
The investments relate to ongoing theatre productions.
5.
Debtors
2018
2017
£
£
Trade debtors
-
2,000
Other debtors
534,712
520,938
Amounts due from group company
3,932
3,932
Corporation tax
3,450
3,450
______
______
£542,094
£530,320
6.
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
11,166
2,580
Amounts owed to group company
46,020
27,367
Other creditors
581,566
549,185
______
______
£638,752
£579,132
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Just For Laughs Theatricals UK Limited
Notes to the financial statements (continued)
7.
Related party transactions
During the year funds totalling £18,653 were received from Geston Juste Pour Rire Inc, a group company. There are no fixed repayment terms and no interest is being charged. At 30 December 2018 £3,932 was still due to the company, at this date the company also owed Geston Juste Pour Rire Inc £46,020.
8.
General information
Just for Laughs Theatricals UK Limited is a private company limited by shares and incorporated in England. Its registered office is Dawes Road Hub, 20 Dawes Road, London, SW6 7EN.
The financial statements are presented in Sterling, which is the functional currency of the company.
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