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REGISTERED NUMBER: 09490242 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Stockton Arts Centre (Trading) Limited

Stockton Arts Centre (Trading) Limited (Registered number: 09490242)






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


Stockton Arts Centre (Trading) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr K C Craddock
Ms M Crocker
Mr S R Dowd
Mr D Mallaghan
Ms N M White
Mr J McCann





SECRETARY: Ms S Kumar





REGISTERED OFFICE: Arc
Dovecot Street
Stockton-On-Tees
Cleveland
TS18 1LL





REGISTERED NUMBER: 09490242 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Stockton Arts Centre (Trading) Limited (Registered number: 09490242)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £   
CURRENT ASSETS
Stocks 13,311 11,986
Debtors 5 - 229
Cash at bank and in hand 88,005 45,247
101,316 57,462
CREDITORS
Amounts falling due within one year 6 (25,938 ) (27,420 )
NET CURRENT ASSETS 75,378 30,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,378

30,042

CAPITAL AND RESERVES
Called up share capital 1 1
Profit and loss account 75,377 30,041
75,378 30,042

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





Dr K C Craddock - Director


Stockton Arts Centre (Trading) Limited (Registered number: 09490242)

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

1. STATUTORY INFORMATION

Stockton Arts Centre (Trading) Limited is a private company, limited by shares , 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group entities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable from bar sales, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Employee benefits
Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Stockton Arts Centre (Trading) Limited (Registered number: 09490242)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors - 229

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 12,274 6,287
Amounts owed to group undertakings 9,166 14,690
Other creditors 4,498 6,443
25,938 27,420

7. ULTIMATE CONTROLLING PARTY

Stockton Arts Centre (Trading) Limited is a wholly owned subsidiary of Stockton Arts Centre, an incorporated charity in England and Wales whose registered office is:
Arc,
Dovecot Street
Stockton on Tees
Tees Valley
TS18 1LL

Consolidated accounts for Stockton Arts Centre include the results for Stockton Arts Centre (Trading) Limited, and a copy is available from the address above.