Company registration number 05572860 (England and Wales)
TMESIS THEATRE
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TMESIS THEATRE
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TMESIS THEATRE
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,657
1,950
Current assets
Debtors
4
3,568
1,393
Cash at bank and in hand
19,816
15,870
23,384
17,263
Creditors: amounts falling due within one year
5
(12,530)
(2,477)
Net current assets
10,854
14,786
Net assets
12,511
16,736
Reserves
Income and expenditure account
12,511
16,736
Members' funds
12,511
16,736
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 31 March 2024 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 members have not required the company to obtain an audit of its financial statements for the year 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 22 September 2024 and are signed on its behalf by:
E Randle
Director
Company registration number 05572860 (England and Wales)
TMESIS THEATRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Tmesis Theatre is a private company limited by guarantee incorporated in England and Wales. The registered office is 1 Maryland Street, Liverpool, England, L1 9DE.
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
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% Reducing balance
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 surplus or deficit.
1.4
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
TMESIS THEATRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023 and 31 March 2024
7,963
Depreciation and impairment
At 1 April 2023
6,013
Depreciation charged in the year
293
At 31 March 2024
6,306
Carrying amount
At 31 March 2024
1,657
At 31 March 2023
1,950
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,100
901
Prepayments and accrued income
468
492
3,568
1,393
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,960
Taxation and social security
753
673
Other creditors
3,817
1,804
12,530
2,477
6
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £5.