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REGISTERED NUMBER: 03504064 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

RAIN OR SHINE THEATRE COMPANY

RAIN OR SHINE THEATRE COMPANY (REGISTERED NUMBER: 03504064)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAIN OR SHINE THEATRE COMPANY

COMPANY INFORMATION
for the year ended 28 FEBRUARY 2023







DIRECTORS: K R J Meekings
D Jordan





SECRETARY: B R Devoil





REGISTERED OFFICE: 25 Paddock Gardens
Longlevens
Gloucester
Gloucestershire
GL2 0ED





REGISTERED NUMBER: 03504064 (England and Wales)





ACCOUNTANTS: C B Heslop And Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

RAIN OR SHINE THEATRE COMPANY (REGISTERED NUMBER: 03504064)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,522 3,363

CURRENT ASSETS
Debtors 5 779 -
Cash at bank and in hand 15,241 18,224
16,020 18,224
CREDITORS
Amounts falling due within one year 6 1,955 5,366
NET CURRENT ASSETS 14,065 12,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,587

16,221

PROVISIONS FOR LIABILITIES 479 639
NET ASSETS 16,108 15,582

RESERVES
Income and expenditure account 16,108 15,582
16,108 15,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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 surplus or deficit 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 November 2023 and were signed on its behalf by:




K R J Meekings - Director


RAIN OR SHINE THEATRE COMPANY (REGISTERED NUMBER: 03504064)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Rain or Shine Theatre Company is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

RAIN OR SHINE THEATRE COMPANY (REGISTERED NUMBER: 03504064)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 10,193 2,200 12,393
DEPRECIATION
At 1 March 2022 6,968 2,062 9,030
Charge for year 806 35 841
At 28 February 2023 7,774 2,097 9,871
NET BOOK VALUE
At 28 February 2023 2,419 103 2,522
At 28 February 2022 3,225 138 3,363

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 779 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 2,500
Taxation and social security 306 1,123
Other creditors 1,649 1,743
1,955 5,366

7. CONTINGENT LIABILITIES

There were no contingent liabilities at 28th February 2023 or at 28th February 2022.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as the company is limited by guarantee of the members.

9. VAT EXEMPTION

The directors of Rain or Shine Theatre Company wish to take advantage of the provisions of HMRC Notice 701/47 Culture (Dec 2003), regarding the exemption from VAT of performance ticket sales (admission charges).
The directors confirm that the company fulfils the criteria of an eligible Cultural body on the following grounds:
1. The company is a non-profit making organisation.
2. All profits made are re-invested back into the company to improve its facilities and equipment.
3. The Company Directors, who are the company's policy decision makers of last resort, are all unpaid volunteers, and receive no financial remuneration, directly or indirectly, from the company.