2024-04-01 2025-03-31 false No description of principal activity Capium Accounts Production 1.1 10710423 2024-04-01 2025-03-31 10710423 bus:FullAccounts 2024-04-01 2025-03-31 10710423 bus:FRS102 2024-04-01 2025-03-31 10710423 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10710423 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10710423 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10710423 2024-04-01 2025-03-31 10710423 2025-03-31 10710423 bus:RegisteredOffice 2024-04-01 2025-03-31 10710423 core:WithinOneYear 2025-03-31 10710423 core:AfterOneYear 2025-03-31 10710423 1 2024-04-01 2025-03-31 10710423 bus:Director1 2024-04-01 2025-03-31 10710423 bus:Director1 2025-03-31 10710423 bus:Director1 2023-04-01 2024-03-31 10710423 bus:Director2 2024-04-01 2025-03-31 10710423 bus:Director2 2025-03-31 10710423 bus:Director2 2023-04-01 2024-03-31 10710423 bus:Director3 2024-04-01 2025-03-31 10710423 bus:Director3 2025-03-31 10710423 bus:Director3 2023-04-01 2024-03-31 10710423 bus:Director4 2024-04-01 2025-03-31 10710423 bus:Director4 2025-03-31 10710423 bus:Director4 2023-04-01 2024-03-31 10710423 bus:Director5 2024-04-01 2025-03-31 10710423 bus:Director5 2025-03-31 10710423 bus:Director5 2023-04-01 2024-03-31 10710423 bus:Director6 2024-04-01 2025-03-31 10710423 bus:Director6 2025-03-31 10710423 bus:Director6 2023-04-01 2024-03-31 10710423 2023-04-01 10710423 bus:LeadAgentIfApplicable 2024-04-01 2025-03-31 10710423 2023-04-01 2024-03-31 10710423 2024-03-31 10710423 core:WithinOneYear 2024-03-31 10710423 core:AfterOneYear 2024-03-31 10710423 bus:EntityAccountantsOrAuditors 2023-04-01 2024-03-31 10710423 core:PlantMachinery 2024-04-01 2025-03-31 10710423 core:PlantMachinery 2025-03-31 10710423 core:PlantMachinery 2024-03-31 10710423 core:FurnitureFittings 2024-04-01 2025-03-31 10710423 core:FurnitureFittings 2025-03-31 10710423 core:FurnitureFittings 2024-03-31 10710423 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-03-31 10710423 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 10710423 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 10710423 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 10710423 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-03-31 10710423 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2025-03-31 10710423 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2025-03-31 10710423 core:Non-currentFinancialInstruments 2025-03-31 10710423 core:Non-currentFinancialInstruments 2024-03-31 10710423 core:RetainedEarningsAccumulatedLosses 2025-03-31 10710423 core:RetainedEarningsAccumulatedLosses 2024-03-31 10710423 dpl:Item1 2024-04-01 10710423 dpl:Item1 2025-03-31 10710423 dpl:Item1 2023-04-01 10710423 dpl:Item1 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10710423
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 March 2025

for

THE BEAUFORT THEATRE LIMITED

Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025.
Objectives

The Company was incorporated in 2017 and its objectives are to carry out trading activities in line with the ethos of our sole member, Ffin Dance Ltd. Our objectives also include working with our sole member to deliver its charitable objectives and to help in raising funds.

Achievements and Performance

As we move into our 9th year at The Beaufort Theatre we have faced some challenges and have noted a decrease in pre-booking for events due to the publics concern for the escalated rate of living. However, due to prudent house-keeping, the company can report a small profit.

We have been fortunate to receive funding from the Shared Prosperity Fund from the UK Government; this has covered the wages for a full time Events and Volunteers Coordinator, together with a part-time Venue Supervisor and part-time Catering Assistant. It has also enabled us to make on-going maintenance to the interior and exterior of the venue and improve the stage lighting and sound. Unfortunately, the UK Shared Prosperity Fund grant funding ceased on 31 March 2025.

During the year we have continued and developed ongoing connections with our community through social media platforms and regular media updates on progress at the venue and information about new shows and activities.

The Café Bar has been vibrant accounting to 28% of our overall total income.

Day time usage of the lower level of the venue is increasing steadily with more events being booked in, together with the addition of a new pre-school dance class in addition to our regular 7 weekly dance and urban acrobatics classes.

We acknowledge that we will continue to face challenging times, where local and regional engagement with the arts is traditionally low and the region has higher than average levels of deprivation. All of these issues are accentuated by a backdrop of ever decreasing public funding and rising living costs. However, despite this, our efforts to continue with engaging audiences and developing new and innovative programming stands as we look at changing our marketing and communication strategies. We will achieve this by working collaboratively and in partnership, proving that we have a very valuable role to play in the creative community.

The Board of Directors would like to thank our audiences and participants for their continued support and engagement, to our staff and volunteers for their continued hard work, enthusiasm and dedication, and to our partners and funders for their confidence and recognition of a quality arts programme.

Pay and Remuneration
The Company is run and managed mainly by volunteers. The Companys Artistic Director and Senior Manager, Sue Lewis is a volunteer, and the Directors would like to take this opportunity of expressing their thanks to Sue for her hard work, commitment and enthusiasm.

Related Parties

Sharon Harford, Chair of the Board of Directors of The Beaufort Theatre Limited, and Louis Norman are also Director/Trustees of Ffin Dance, the sole member.

Risk Management

The Board is developing its ongoing Risk Register and is currently having discussions to understand the key risks. These risks are:

1. A lack of large profit from the Café and Bar

2. A lack of community use of venue, in particular during the daytime by community groups

3. A lack of Key Staff and insufficient volunteers to cover the theatre activities

4. The cessation of UK Shared Prosperity Fund funding for paid staff

The Risk Register is a dynamic, working document that identifies the controls in place for each risk. The Risk Register is monitored regularly by the Board.


Finance Review

The Directors monitor the financial status of the Company through regular Board meetings, where information is presented on the financial situation of the Company.

The Board receives timely financial reports, which enable extensive monitoring. The Board acknowledges the work of all staff and volunteers to ensure the continued implementation of financial procedures and the ongoing work towards having a sustainable and secure financial position within the Company.

The Directors are pleased to report that during the year, the Company has made a small profit

Grants/Funding

£52,089 UK Shared Prosperity Fund

Reserves

At the year end, the Company had £44,142.11 at bank, an increase on the previous year. At this stage of its development the Company does not keep reserves.


































































































Directors
The directors who served the company throughout the year were as follows:
Richard Bevan
Sharon Harford
Steven Harford
Paul Maddy
Louis William Norman
Louisa Giles

This report was approved by the board and signed on its behalf by:


----------------------------------
Richard Bevan
Director
----------------------------------
Steven Harford
Director

Date approved: 06 August 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 29,900    38,499 
29,900    38,499 
Current assets      
Stocks 4 1,000    2,500 
Cash at bank and in hand 44,442    34,610 
45,442    37,110 
Creditors: amount falling due within one year 5 (33,231)   (41,416)
Net current assets 12,211    (4,306)
 
Total assets less current liabilities 42,111    34,193 
Net assets 42,111    34,193 
 

Capital and reserves
     
Profit and loss account 42,111    34,193 
Shareholders' funds 42,111    34,193 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 06 August 2025 and were signed on its behalf by:


-------------------------------
Richard Bevan
Director
-------------------------------
Steven Harford
Director
2
General Information
The Beaufort Theatre Limited is a private company, limited by shares, registered in England and Wales, registration number 10710423, registration address Beaufort Hill, , Beaufort,, Ebbw Vale, , NP23 5QQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery 20% and 10% Straight Line
Fixtures and Fittings 10% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 3 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 April 2024 25,627    39,918    65,545 
Additions    
Disposals    
At 31 March 2025 25,627    39,918    65,545 
Depreciation
At 01 April 2024 14,192    12,854    27,046 
Charge for year 4,607    3,992    8,599 
On disposals    
At 31 March 2025 18,799    16,846    35,645 
Net book values
Closing balance as at 31 March 2025 6,828    23,072    29,900 
Opening balance as at 01 April 2024 11,435    27,064    38,499 


4.

Stocks

2025
£
  2024
£
Stocks 1,000    2,500 
1,000    2,500 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Corporation Tax 2,468   
PAYE & Social Security 927    431 
Accruals 6,011    7,093 
Deferred Grants 11,805    13,639 
Deferred Income 8,739    17,834 
Pension Creditor 98   
Wages & Salaries Control Account 3,183    2,419 
33,231    41,416 

6.

Company Limited by Guarantee

The Company is Limited by Guarantee and therefore has no shares. The liability of it's members is limited to £1.
3