Company Registration No. 13953023 (England and Wales)
SOUND PLAY THEATRE PRODUCTIONS LIMITED
(PREVIOUSLY SOUNDPLAYTHEATREPRODUCTIONS LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
SOUND PLAY THEATRE PRODUCTIONS LIMITED
(PREVIOUSLY SOUNDPLAYTHEATREPRODUCTIONS LIMITED)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SOUND PLAY THEATRE PRODUCTIONS LIMITED
(PREVIOUSLY SOUNDPLAYTHEATREPRODUCTIONS LIMITED)
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
Notes
£
£
Current assets
Debtors
3
12,496
Cash at bank and in hand
3,362
15,858
Creditors: amounts falling due within one year
4
(234,948)
Net current liabilities
(219,090)
Capital and reserves
Called up share capital
5
1
Profit and loss reserves
(219,091)
Total equity
(219,090)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the period 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 by the board of directors and authorised for issue on 29 November 2023 and are signed on its behalf by:
K V Graham
Director
Company Registration No. 13953023
SOUND PLAY THEATRE PRODUCTIONS LIMITED
(PREVIOUSLY SOUNDPLAYTHEATREPRODUCTIONS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information
Sound Play Theatre Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Oak House, 60 Kingswood Way, Selsdon, South Croydon, United Kingdom, CR2 8QQ.
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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future on the basis that it receives continuing support from the directors. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents sponsorship income and ticket sales receivable and is shown net of VAT.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
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.
Classification of financial liabilities
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.
SOUND PLAY THEATRE PRODUCTIONS LIMITED
(PREVIOUSLY SOUNDPLAYTHEATREPRODUCTIONS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including creditors 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
2
Employees
There were no employees in the period.
3
Debtors
2023
Amounts falling due within one year:
£
Other debtors
12,496
4
Creditors: amounts falling due within one year
2023
£
Trade creditors
19,943
Other creditors
205,442
Accruals and deferred income
9,563
234,948
5
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary share of £1 each
1
1
On 3 March 2022, 1 Ordinary share of £1 was issued.