8 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 798,273 37,500 37,500 760,773 798,273 xbrli:pure xbrli:shares iso4217:GBP 01243405 2024-04-01 2025-03-31 01243405 2025-03-31 01243405 2024-03-31 01243405 2023-04-01 2024-03-31 01243405 2024-03-31 01243405 2023-03-31 01243405 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 01243405 core:FurnitureFittings 2024-04-01 2025-03-31 01243405 bus:Director3 2024-04-01 2025-03-31 01243405 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 01243405 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 01243405 core:FurnitureFittings 2024-03-31 01243405 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 01243405 core:LandBuildings core:LongLeaseholdAssets 2025-03-31 01243405 core:FurnitureFittings 2025-03-31 01243405 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01243405 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 01243405 core:WithinOneYear 2025-03-31 01243405 core:WithinOneYear 2024-03-31 01243405 core:ShareCapital 2025-03-31 01243405 core:ShareCapital 2024-03-31 01243405 core:RevaluationReserve 2025-03-31 01243405 core:RevaluationReserve 2024-03-31 01243405 core:CapitalRedemptionReserve 2025-03-31 01243405 core:CapitalRedemptionReserve 2024-03-31 01243405 core:RetainedEarningsAccumulatedLosses 2025-03-31 01243405 core:RetainedEarningsAccumulatedLosses 2024-03-31 01243405 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 01243405 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2025-03-31 01243405 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2025-03-31 01243405 core:Non-currentFinancialInstruments 2025-03-31 01243405 core:Non-currentFinancialInstruments 2024-03-31 01243405 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 01243405 core:FurnitureFittings 2024-03-31 01243405 bus:SmallEntities 2024-04-01 2025-03-31 01243405 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01243405 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01243405 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01243405 bus:FullAccounts 2024-04-01 2025-03-31 01243405 core:ComputerEquipment 2024-04-01 2025-03-31 01243405 core:ComputerEquipment 2024-03-31 01243405 core:ComputerEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 01243405
Worldwide Theatrix Limited
Unaudited financial statements
31 March 2025
Worldwide Theatrix Limited
Statement of financial position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,058,821
1,075,404
Investments
6
760,773
798,273
-----------
-----------
1,819,594
1,873,677
Current assets
Debtors
7
154,435
136,196
Cash at bank and in hand
542,715
426,838
---------
---------
697,150
563,034
Creditors: Amounts falling due within one year
8
( 99,791)
( 62,521)
---------
---------
Net current assets
597,359
500,513
-----------
-----------
Total assets less current liabilities
2,416,953
2,374,190
Provisions
Taxation including deferred tax
( 29,914)
( 29,547)
-----------
-----------
Net assets
2,387,039
2,344,643
-----------
-----------
Capital and reserves
Called up share capital
14,900
14,900
Revaluation reserve
126,394
133,894
Capital redemption reserve
100,000
100,000
Profit and loss account
2,145,745
2,095,849
-----------
-----------
Shareholders funds
2,387,039
2,344,643
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Worldwide Theatrix Limited
Statement of financial position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 1 June 2025 , and are signed on behalf of the board by:
R L Croft-Sharland
Director
Company registration number: 01243405
Worldwide Theatrix Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address of the company is 105 Risbygate Street, Bury St Edmunds, IP33 3AA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Computer equipment
-
25% straight line
Equipment and props
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of employees during the year was 8 (2024: 8 ).
5. Tangible assets
Investment property
Freehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost or valuation
At 1 April 2024
310,000
785,234
4,727
26,583
1,126,544
Additions
11,564
11,564
Revaluations
( 10,000)
( 10,000)
---------
---------
------
-------
-----------
At 31 March 2025
300,000
796,798
4,727
26,583
1,128,108
---------
---------
------
-------
-----------
Depreciation
At 1 April 2024
34,177
4,144
12,819
51,140
Charge for the year
15,936
146
2,065
18,147
---------
---------
------
-------
-----------
At 31 March 2025
50,113
4,290
14,884
69,287
---------
---------
------
-------
-----------
Carrying amount
At 31 March 2025
300,000
746,685
437
11,699
1,058,821
---------
---------
------
-------
-----------
At 31 March 2024
310,000
751,057
583
13,764
1,075,404
---------
---------
------
-------
-----------
The company owns the rights to certain works created by the late D Croft. The market value of these rights is substantial but, in the absence of any intention to dispose of same, the directors do not believe that the costs of obtaining a professional valuation of the rights would be commensurate with any benefits derived therefrom. The property was revalued by the directors of the company at £300,000 (2024: £310,000) as ascertained by open market values.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Investment property
£
At 31 March 2025
Aggregate cost
232,000
Aggregate depreciation
---------
Carrying value
232,000
---------
At 31 March 2024
Aggregate cost
232,000
Aggregate depreciation
---------
Carrying value
232,000
---------
6. Investments
Other investments other than loans
£
Cost
At 1 April 2024 and 31 March 2025
798,273
---------
Impairment
At 1 April 2024
Impairment losses
37,500
---------
At 31 March 2025
37,500
---------
Carrying amount
At 31 March 2025
760,773
---------
At 31 March 2024
798,273
---------
7. Debtors
2025
2024
£
£
Trade debtors
746
Other debtors
153,689
136,196
---------
---------
154,435
136,196
---------
---------
8. Creditors: Amounts falling due within one year
2025
2024
£
£
Trade creditors
4,047
1,133
Social security and other taxes
88,888
53,814
Other creditors
6,856
7,574
-------
-------
99,791
62,521
-------
-------
9. Directors' advances, credits and guarantees
Included within debtors at the year end are directors loan accounts totalling £82,548 (2024: £80,751). Interest was charged at the official rate of £1,817 (2024: £1,777). The maximum overdrawn balance during the year was £82,548 (2024: £80,751).