Company registration number 11398147 (England and Wales)
STRANGELOVE ON STAGE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
STRANGELOVE ON STAGE LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
STRANGELOVE ON STAGE LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
31 October 2024
30 September 2023
Notes
£
£
£
£
Current assets
Stocks
-
95,586
Debtors
3
1,014,564
1,199
Cash at bank and in hand
1,247,557
31,614
2,262,121
128,399
Creditors: amounts falling due within one year
4
(3,187,148)
(137,829)
Net current liabilities
(925,027)
(9,430)
Capital and reserves
Called up share capital
150
150
Profit and loss reserves
(925,177)
(9,580)
Total equity
(925,027)
(9,430)
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 October 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 period 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 16 April 2025 and are signed on its behalf by:
D R Luff
Director
Company registration number 11398147 (England and Wales)
STRANGELOVE ON STAGE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
Strangelove on Stage Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 39-41 Charing Cross Road, London, WC2H 0AR.
1.1
Reporting period
The company has lengthened its financial reporting period from 30 September 2024 to 31 October 2024 and as a consequence the financial statements presented show 13 months' activity .
The financial reporting period has been lengthened so as to properly capture the production activities.
1.2
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.
These financial statements for the period ended 31 October 2024 are the first financial statements of Strangelove on Stage Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2022. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received for box office, merchandising and associated income and is shown net of VAT and other sales related taxes.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any loss arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
STRANGELOVE ON STAGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently recoverable is based on taxable profits/losses for the year and the company's claim to relief under the Theatre Tax Relief provisions. Taxable profit/loss differs from net profit/loss as reported in the income statement because it excludes items that are never taxable or deductible.
1.8
Employee benefits
The costs of short-term employee and workers' benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the services are received. This includes cast and crew who are not engaged under contracts of employment, however Equity-approved contracts are used.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
131,277
Corporation tax recoverable
644,600
Other debtors
238,687
1,199
1,014,564
1,199
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
185,361
677
Taxation and social security
96,159
Other creditors
2,905,628
137,152
3,187,148
137,829