Harlequins Theatre School Ltd


FINANCIAL STATEMENTS


for the year ended 31st August 2023



Harlequins Theatre School Ltd

CONTENTS

for the year ended 31st August 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Harlequins Theatre School Ltd

Company No. 10353733

STATEMENT OF FINANCIAL POSITION

as at 31st August 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment477707597
77707597
CURRENT ASSETS
Debtors51591314500
Cash at bank and in hand16153219
1752817719
CURRENT LIABILITIES
Creditors: amounts falling due
within one year61925116414
NET CURRENT (LIABILITIES)/ASSETS(1723)1305
TOTAL ASSETS LESS CURRENT LIABILITIES60478902
 
Creditors: amounts falling due
after more than one year757508750
 
NET ASSETS297152
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings295150
SHAREHOLDERS FUNDS297152

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st August 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 4 April 2024


Mrs D A Elwell

Director

Company Number 10353733 (England)

Harlequins Theatre School Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st August 2023


1   Statutory information

Harlequins Theatre School Ltd is a private company limited by shares and registered under company number 10353733 in England. Its registered office address is 289,Chipperfield Road, Bromley, England, BR5 2LR.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2022 - 2).

4   Property, plant and equipment
 
PlantFixtures
andand
MachineryFittingsTotal
£££
Cost
At 1st September 2022 11199165512854
Additions1914-1914
At 31st August 202313113165514768
 
Depreciation
At 1st September 2022 44747835257
Charge for year15671741741
At 31st August 202360419576998
 
Net Book Value
At 31st August 202370726987770
At 31st August 202267258727597

5   Debtors20232022
££
 
Other debtors1591314500
1591314500

6   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts30003000
Corporation tax58573567
Other creditors13321625
Accruals and deferred income90628222
1925116414

7   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts57508750
57508750

8   Loans20232022
££
Analysis of maturity of debt:
 
Within one year30003000
Between one and five years57508750
875011750

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20232022
££
 
Mrs D A Elwell138302
Miss Z Carver138303
276605

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