Company registration number 14344741 (England and Wales)
SM PLAY TOUR LIMITED
Unaudited financial statements
For the period ended 30 September 2023
SM PLAY TOUR LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SM PLAY TOUR LIMITED
BALANCE SHEET
As at 30 September 2023
- 1 -
2023
Notes
£
£
Current assets
Debtors
3
140,996
Cash at bank and in hand
3,933
144,929
Creditors: amounts falling due within one year
4
(144,928)
Net current assets
1
Capital and reserves
Called up share capital
1

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 30 September 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 25 March 2024 and are signed on its behalf by:
Mrs H J Enright
Director
Company registration number 14344741 (England and Wales)
SM PLAY TOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 30 September 2023
- 2 -
1
Accounting policies
Company information

SM Play Tour Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Strand, 8th Floor, London, WC2N 5LR.

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.

The Company’s immediate parent is Trafalgar Theatre Productions Limited, a company incorporated in the United Kingdom and registered in England and Wales.

 

However, the directors of Trafalgar Theatre Productions Limited do not consider that the company controls SM Play Tour Limited. The accounts for the smallest group for which consolidated accounts are prepared and which include Trafalgar Theatre Productions Limited include the following statement, “SM Play Tour Limited is not considered to be an entity over which any controls or significant influence is exerted by the group”.

 

The directors of SM Play Limited concur with that assessment and do not consider that there is a controlling party. Therefore, the directors consider it appropriate to take advantage of such exemptions as are available to a company which is not a subsidiary company.

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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable from theatrical productions, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SM PLAY TOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the period ended 30 September 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
2
3
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
4,111
Corporation tax recoverable
135,001
Other debtors
1,884
140,996
4
Creditors: amounts falling due within one year
2023
£
Trade creditors
42,970
Amounts owed to group undertakings
31,980
Other creditors
39,428
Accruals and deferred income
30,550
144,928
5
Parent company

The Company’s immediate parent is Trafalgar Theatre Productions Limited, a company incorporated in the United Kingdom and registered in England and Wales.

 

However, the directors of Trafalgar Theatre Productions Limited do not consider that the company controls SM Play Tour Limited. The accounts for the smallest group for which consolidated accounts are prepared and which include Trafalgar Theatre Productions Limited include the following statement, “SM Play Tour Limited is not considered to be an entity over which any controls or significant influence is exerted by the group”.

 

The directors of SM Play Tour Limited concur with that assessment and do not consider that there is a controlling party. Therefore, the directors consider it appropriate to take advantage of such exemptions as are available to a company which is not a subsidiary company.

The ultimate controlling party is Barings Asset-Based Income Fund (US) LP, by virtue of its 82.98% holding in the issued share capital of Trafalgar Entertainment Group Limited.

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