Company Registration No. 00908019 (England and Wales)
Roman Theatre Limited
Unaudited financial statements
for the year ended 30 June 2024
Pages for filing with the registrar
Roman Theatre Limited
Company information
Directors
Viscount Grimston
Viscountess Grimston
Jessica Waddington
(Appointed 1 November 2023)
Secretary
Jessica Waddington
Company number
00908019
Registered office
The Estate Office
Gorhambury
St Albans
Hertfordshire
AL3 6AH
Accountants
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Roman Theatre Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Roman Theatre Limited
Statement of financial position
As at 30 June 2024
1
2024
2023
Notes
£
£
£
£
Current assets
Stocks
-
1,837
Debtors
3
25,011
24,131
Cash at bank and in hand
30,576
41,216
55,587
67,184
Creditors: amounts falling due within one year
4
(26,314)
(52,320)
Net current assets
29,273
14,864
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
29,173
14,764
Total equity
29,273
14,864
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
Viscount Grimston
Director
Company Registration No. 00908019
Roman Theatre Limited
Notes to the financial statements
For the year ended 30 June 2024
2
1
Accounting policies
Company information
Roman Theatre Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Estate Office, Gorhambury, St Albans, Hertfordshire, AL3 6AH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparation of these financial statements
1.3
Reporting period
The comparative financial information presented is in respect of the 9 month period from 1 October 2022 to 30 June 2023. Comparative amounts presented in these financial statements (including the related notes) may not be entirely comparable as a result.
1.4
Turnover
Turnover comprises income recognised in respect of the public viewing of Roman Ruins and from shop sales, and is recognised at the fair value of the consideration received or receivable in the normal course of business, net of VAT.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Roman Theatre Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies (continued)
3
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.7
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
6
7
Roman Theatre Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
4
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,242
4,651
Amounts owed by group undertakings
8,794
Other debtors
12,975
19,480
25,011
24,131
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,600
Amounts owed to group undertakings
16,800
42,576
Corporation tax
4,337
1,549
Other creditors
5,177
4,595
26,314
52,320
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
Each share is entitled to full voting, dividend and capital distribution rights.
6
Parent company
The parent company is Grimston Trust Limited, a company registered in England and Wales. The registered office of the parent company is The Estate Office, Gorhambury, St Albans, Hertfordshire, AL3 6AH.
There is no ultimate controlling party.