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REGISTERED NUMBER: SC693953 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Leith Theatre Trading Limited

Leith Theatre Trading Limited (Registered number: SC693953)






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


Leith Theatre Trading Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H C Linklater
R M Athey
H J Duncan
J Tree
B Last
J Ferguson
M Gorman
J Dyer





REGISTERED OFFICE: 28-30 Ferry Road
Edinburgh
Lothian
EH6 4AE





REGISTERED NUMBER: SC693953 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Leith Theatre Trading Limited (Registered number: SC693953)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 313 4,520
Cash at bank 33,349 76,347
33,662 80,867
CREDITORS
Amounts falling due within one year 5 4,327 13,442
NET CURRENT ASSETS 29,335 67,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,335

67,425

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,334 67,424
29,335 67,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





H C Linklater - Director


Leith Theatre Trading Limited (Registered number: SC693953)

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

1. STATUTORY INFORMATION

Leith Theatre Trading Limited is a private company, limited by shares , registered in Scotland. 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leith Theatre Trading Ltd pays all trading profits for the reporting period to its parent charily (Leith Theatre Trust) under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings.

At the reporting date there was no legal obligation in place for the company to make this gift aid payment, although prior to the reporting date the board had indicated its intention to pay the taxable profits to the parent charity in respect of the reporting period. The payment is planned to be made within 9 months of the reporting date.

Tax relief on gift aid payments is recognised in the reporting period in which the profits arise.

Measurement of debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

Creditors
Creditors are recognised where the charity has a present obligation resulting form a past event that will probably result in the transfer of funds to at third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

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

Leith Theatre Trading Limited (Registered number: SC693953)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 312 2,295
Other debtors 1 2,225
313 4,520

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 11,432
Taxation and social security 1,962 -
Other creditors 2,365 2,010
4,327 13,442

6. RELATED PARTY DISCLOSURES

During the year Leith Theatre Trading Limited were invoiced £2,165 (2023: £79,268 plus VAT) by Leith Theatre Trust (the parent company) for use of the Theatre, staff and resources.

At the year end a creditor balance of £2,365 (2023: £11,632) is outstanding.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Leith Theatre Trust.

Leith Theatre Trading Limited is a wholly owned subsidiary of Leith Theatre Trust (Registered Company Number: SC338846; Registered Charity Number: SC042359)