Silverfin false false 30/06/2024 01/07/2023 30/06/2024 C Witham 22/06/2023 28 January 2025 The principal activity of the company during the financial year was that of operating a franchise for theatre schools. 14952479 2024-06-30 14952479 bus:Director1 2024-06-30 14952479 core:CurrentFinancialInstruments 2024-06-30 14952479 core:ShareCapital 2024-06-30 14952479 core:RetainedEarningsAccumulatedLosses 2024-06-30 14952479 core:ComputerEquipment 2023-06-30 14952479 2023-06-30 14952479 core:ComputerEquipment 2024-06-30 14952479 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-06-30 14952479 2023-07-01 2024-06-30 14952479 bus:FilletedAccounts 2023-07-01 2024-06-30 14952479 bus:SmallEntities 2023-07-01 2024-06-30 14952479 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14952479 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14952479 bus:Director1 2023-07-01 2024-06-30 14952479 core:ComputerEquipment core:TopRangeValue 2023-07-01 2024-06-30 14952479 core:ComputerEquipment 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 14952479 (England and Wales)

SWISH THEATRE SCHOOLS LTD

Unaudited Financial Statements
For the financial period ended 30 June 2024
Pages for filing with the registrar

SWISH THEATRE SCHOOLS LTD

Unaudited Financial Statements

For the financial period ended 30 June 2024

Contents

SWISH THEATRE SCHOOLS LTD

BALANCE SHEET

As at 30 June 2024
SWISH THEATRE SCHOOLS LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024
£
Fixed assets
Tangible assets 3 292
292
Current assets
Debtors 4 1,540
Cash at bank and in hand 108
1,648
Creditors: amounts falling due within one year 5 ( 37,809)
Net current liabilities (36,161)
Total assets less current liabilities (35,869)
Net liabilities ( 35,869)
Capital and reserves
Called-up share capital 120
Profit and loss account ( 35,989 )
Total shareholders' deficit ( 35,869)

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Swish Theatre Schools Ltd (registered number: 14952479) were approved and authorised for issue by the Director on 28 January 2025. They were signed on its behalf by:

C Witham
Director
SWISH THEATRE SCHOOLS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 30 June 2024
SWISH THEATRE SCHOOLS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Swish Theatre Schools Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Studio,, 117 Jumpers Road, Christchurch, BH23 2JS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 July 2023 0 0
Additions 350 350
At 30 June 2024 350 350
Accumulated depreciation
At 01 July 2023 0 0
Charge for the financial period 58 58
At 30 June 2024 58 58
Net book value
At 30 June 2024 292 292

4. Debtors

2024
£
Amounts owed by associates 1,000
Other debtors 540
1,540

5. Creditors: amounts falling due within one year

2024
£
Trade creditors 323
Amounts owed to related parties 35,746
Accruals 1,740
37,809