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ACTORS' WORKSHOPS (LONDON) LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Actors' Workshops (London) Limited is the trading subsidiary of Seven Dials Playhouse Ltd (formerly The Actors Professional Centre Limited), a registered Company limited by guarantee with registered charity number 275934. Actors' Workshops (London) Limited is incorporated in England and Wales and the address of its registered office is 1A Tower Street, London, WC2H 9NP.
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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The following principal accounting policies have been applied:
In assessing the appropriateness of the going concern basis the director has taken into account all relevant information covering a period of at least twelve months from the date of the approval of the financial statements. The director believes that the company will have adequate funds available to meet its liabilities as they fall due and that it is therefore appropriate to prepare the financial statements on a going concern basis.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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