Fiery Angel Limited is a private company limited by shares incorporated in England and Wales. The registered office is National House, 60-66 Wardour Street, London, W1F 0TA.
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 £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The average monthly number of persons (including directors) employed by the company during the year was:
Details of the company's subsidiaries at 31 March 2020 are as follows:
The above production companies are recognised at cost and incorporated in the United Kingdom.
During the year, the company disposed of the following subsidiary shareholdings:
100% shareholding in Holyrood Theatre Ltd
100% shareholding in Christie Theatre Ltd
100% shareholding in Baloo Theatre Ltd
100% shareholding in Long Day 2018 Ltd
Details of the company's associates at 31 March 2020 are as follows:
The above production companies are recognised at cost and incorporated in the United Kingdom.
Details of the company's joint ventures at 31 March 2020 are as follows:
The above production companies are recognised at cost and incorporated in the United Kingdom
Fiery Dragons Ltd
Shares common directors with the company.
During the year, the company invoiced Fiery Dragons Ltd amounts totalling £25,543 (2019: £24,490) in respect of recharges.
As at the balance sheet date, the company owed Fiery Dragons Ltd £9,576 (2019: £14,713).
Edward Snape Ltd
Shares common directors with the company.
As at the balance sheet date, the company owed Edward Snape Ltd £275,409 (2019: £275,409).
Fierylight 2010 Ltd
Shares common directors with the company.
During the year, the company invoiced Fierylight 2010 Ltd amounts totalling £200,897 (2019: £145,563) in respect of recharges.
As at the balance sheet date, Fierylight 2010 Ltd owed the company £50,000 (2019: £51,598).
Fiery Development Ltd
Shares common directors with the company.
During the year, the company invoiced Fiery Development Ltd £7,530 (2019: £66,216) in respect of recharges.
As at the balance sheet date, Fiery Development Ltd owed the company £Nil (2019: £101,494).
Fiery Angel Entertainment Ltd
Shares common directors with the company.
During the year, the company invoiced Fiery Angel Entertainment Ltd amounts totalling £139,950 (2019: £201,335) in respect of recharges, and was invoiced amounts totalling £4,000 (2019: £Nil) from Fiery Angel Entertainment Ltd in respect of recharges.
As at the balance sheet date, Fiery Angel Entertainment Ltd owed the company £91,995 (2019: £133,408).
Fiery Light Kingdom Ltd
Shares common directors with the company.
During the year, the company invoiced Fiery Light Kingdom Ltd amounts totalling £28,013 (2019: £40,088) in respect of producer fees and roalties.
As at the balance sheet date, Fiery Light Kingdom Ltd owed the company £Nil (2019: £27,237).
YF London Ltd
Shares common directors with the company.
During the year, the company invoiced YF London Ltd amounts totalling £9,517 (2019: £31,366) in respect of recharges, and was invoiced £10,835 (2019: £Nil) from YF London Ltd in respect of recharges.
As at the balance sheet date, YF London Ltd owed the company £Nil (2019: £Nil).
Hairspray 2020 Ltd
Shares common directors with the company.
During the year, the company invoiced Hairspray 2020 Ltd amounts totalling £1,951 (2019: £Nil), in respect of recharges.
As at the balance sheet date, Hairspray 2020 Ltd owed the company £Nil (2019: £Nil).