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ROSE THEATRE ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Rose Theatre Enterprises Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is Rose Theatre, 24-26 High Street, Kingston-upon-Thames, Surrey, KT1 1HL. The principal activity of the company is the development and staging of theatrical productions.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
Turnover comprises commissioning fees receivable from the company's parent undertaking plus third party funding in respect of theatrical productions and other sundry hire income. Commissioning fees are recognised in the period in which the costs of the production are incurred and is equal to such costs after deducting an allowance for the theatre tax credit receivable on the qualifying production costs.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the
same period as the related expenditure.
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