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REGISTERED NUMBER: 02800774 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Arc Theatre Ensemble - London

Arc Theatre Ensemble - London (Registered number: 02800774)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arc Theatre Ensemble - London

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Ainsworth
D Altaras
C A Amos
P Jeyaratnam-Joyner



SECRETARY: N K Bocking



REGISTERED OFFICE: Salisbury House
London
EC2M 5SQ



REGISTERED NUMBER: 02800774 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Paul Waite FCCA



AUDITORS: Aspen Waite
Rubis House
15 Friarn Street
Somerset
TA6 3LH

Arc Theatre Ensemble - London (Registered number: 02800774)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,595 2,128

CURRENT ASSETS
Debtors 5 24,305 18,339
Cash at bank 36,925 61,691
61,230 80,030
CREDITORS
Amounts falling due within one year 6 34,182 52,705
NET CURRENT ASSETS 27,048 27,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,643

29,453

RESERVES
Income and expenditure account 28,643 29,453
28,643 29,453

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





M Ainsworth - Director


Arc Theatre Ensemble - London (Registered number: 02800774)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Arc Theatre Ensemble - London is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Arc Theatre Ensemble - London (Registered number: 02800774)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023
and 31 March 2024 77,037
Depreciation
At 1 April 2023 74,909
Charge for year 533
At 31 March 2024 75,442
Net book value
At 31 March 2024 1,595
At 31 March 2023 2,128

Arc Theatre Ensemble - London (Registered number: 02800774)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 5,958 1,440
Other debtors 18,347 16,899
24,305 18,339

6. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Taxation and social security 6,980 6,314
Other creditors 27,202 46,391
34,182 52,705

7. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Paul Waite FCCA (Senior Statutory Auditor)
for and on behalf of Aspen Waite

8. Other financial commitments

At 31 March 2024 the company had no financial commitments.

9. Limited by guarantee

The company is limited by guarantee, not having share capital. In the event of a winding up, under the terms of the Memorandum of Association, each member guarantees the sum of £1.