0 false false false false false false false false false false true false false false true true true No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 250,355 95,380 345,735 345,735 250,355 xbrli:pure xbrli:shares iso4217:GBP 13797261 2023-01-01 2023-12-31 13797261 2023-12-31 13797261 2022-12-31 13797261 2021-12-13 2022-12-31 13797261 2022-12-31 13797261 2021-12-12 13797261 bus:Director1 2023-01-01 2023-12-31 13797261 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 13797261 core:WithinOneYear 2023-12-31 13797261 core:WithinOneYear 2022-12-31 13797261 core:ShareCapital 2023-12-31 13797261 core:ShareCapital 2022-12-31 13797261 core:RetainedEarningsAccumulatedLosses 2023-12-31 13797261 core:RetainedEarningsAccumulatedLosses 2022-12-31 13797261 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 13797261 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 13797261 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 13797261 bus:SmallEntities 2023-01-01 2023-12-31 13797261 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13797261 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13797261 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13797261 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 13797261
Theatr Ardudwy Limited
Filleted Unaudited Financial Statements
31 December 2023
Theatr Ardudwy Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
4
345,735
250,355
Current assets
Debtors
5
4,360
32,417
Cash at bank and in hand
686
796
-------
--------
5,046
33,213
Creditors: amounts falling due within one year
6
405,794
309,687
---------
---------
Net current liabilities
400,748
276,474
---------
---------
Total assets less current liabilities
( 55,013)
( 26,119)
--------
--------
Net liabilities
( 55,013)
( 26,119)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 55,014)
( 26,120)
--------
--------
Shareholder deficit
( 55,013)
( 26,119)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Theatr Ardudwy Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
Mr N Bowen-Morris
Director
Company registration number: 13797261
Theatr Ardudwy Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 City Road, LONDON, EC1V2NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The figures in the financial statements are rounded to the nearest whole pound.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Research and development
Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
4. Intangible assets
Development costs
£
Cost
At 1 January 2023
250,355
Additions
95,380
---------
At 31 December 2023
345,735
---------
Amortisation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
345,735
---------
At 31 December 2022
250,355
---------
5. Debtors
2023
2022
£
£
Other debtors
4,360
32,417
-------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
405,794
309,687
---------
---------
7. Director's advances, credits and guarantees
Mr N V Bowen-Morris is the sole director and as at 31st December 2023 was owed £397,503 (2022: £283,963) from the company.