Registered number:
00068890
ASSOCIATED CAPITAL THEATRES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
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ASSOCIATED CAPITAL THEATRES LIMITED
REGISTERED NUMBER:
00068890
BALANCE SHEET
AS AT
31 DECEMBER 2016
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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The directors consider 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 Companies Act 2006.
The directors acknowledge their 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 statement of comprehensive income 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 on
26 September 2017
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Page 1
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ASSOCIATED CAPITAL THEATRES LIMITED
REGISTERED NUMBER:
00068890
BALANCE SHEET
(CONTINUED)
AS AT
31 DECEMBER 2016
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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ASSOCIATED CAPITAL THEATRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
Associated Capital Theatres Limited is a private company limited by shares and incorporated in England. The address of the registered office is Regina House, 124 Finchley Road, London NW3 5JS.
The principal activity of the company remained that of a holding company.
2.
Accounting policies
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Basis of preparation of financial statements
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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
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Short term creditors are measured at the transaction price.
Page 3
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ASSOCIATED CAPITAL THEATRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
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Investments in subsidiary companies
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The following were subsidiary undertakings of the Company:
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ACT Co-Productions Limited
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Presentation of and participation in theatrical productions
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Presentation of and participation of theatrical productions
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Musical Productions Limited
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The aggregate of the share capital and reserves as at 31 December 2016 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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ACT Co-Productions Limited
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Musical Productions Limited
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Page 4
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ASSOCIATED CAPITAL THEATRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
3.
Fixed asset investments (continued)
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Amounts owed by group undertakings
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Related party transactions
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During the year the company repaid a loan of £125,000 from R C Wingate, who is a director of the company.
At the balance sheet date debtors, include £Nil (2015: £1,134,471) owed by ACT Productions Limited, a subsidiary company with the balance having been written off as not recoverable.
At the balance sheet date, debtors include £8,142 (2015: £582,722) owed by ACT Co-Productions Limited, a subsidiary company with £450,000 of the balance having been written off as not recoverable.
At the balance sheet date, creditors include £Nil (2015: £4,545,659) owed to ACT Entertainment Group Limited, the parent company with the balance having been written off.
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Page 5
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ASSOCIATED CAPITAL THEATRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
The company's immediate parent company is ACT Entertainment Group Limited, a company registered in England.
The company's ultimate parent company is Cleobury Limited, a company registered in Jersey.
The ultimate controlling party is R C Wingate, who is a director of the company and of ACT
Entertainment Group Limited.
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First time adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.
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Page 6
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