Acorah Software Products - Accounts Production 16.4.675 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10898810 Mr Tristan Baker Mr Oliver Royds Mr Rodney Peter Donald Birrell false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10898810 2023-08-31 10898810 2024-08-31 10898810 2023-09-01 2024-08-31 10898810 frs-core:CurrentFinancialInstruments 2024-08-31 10898810 frs-core:Non-currentFinancialInstruments 2024-08-31 10898810 frs-core:BetweenOneFiveYears 2024-08-31 10898810 frs-core:ComputerEquipment 2024-08-31 10898810 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10898810 frs-core:ComputerEquipment 2023-08-31 10898810 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 10898810 frs-core:FurnitureFittings 2024-08-31 10898810 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10898810 frs-core:FurnitureFittings 2023-08-31 10898810 frs-core:MotorVehicles 2024-08-31 10898810 frs-core:MotorVehicles 2023-09-01 2024-08-31 10898810 frs-core:MotorVehicles 2023-08-31 10898810 frs-core:OtherResidualIntangibleAssets 2024-08-31 10898810 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 10898810 frs-core:OtherResidualIntangibleAssets 2023-08-31 10898810 frs-core:WithinOneYear 2024-08-31 10898810 frs-core:SharePremium 2024-08-31 10898810 frs-core:ShareCapital 2024-08-31 10898810 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10898810 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10898810 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10898810 frs-bus:SmallEntities 2023-09-01 2024-08-31 10898810 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10898810 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10898810 frs-bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10898810 frs-bus:OrdinaryShareClass2 2024-08-31 10898810 frs-bus:OrdinaryShareClass3 2023-09-01 2024-08-31 10898810 frs-bus:OrdinaryShareClass3 2024-08-31 10898810 1 2023-09-01 2024-08-31 10898810 frs-core:UnlistedNon-exchangeTraded 2024-08-31 10898810 frs-core:UnlistedNon-exchangeTraded 2023-08-31 10898810 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 10898810 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 10898810 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 10898810 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 10898810 frs-bus:Director1 2023-09-01 2024-08-31 10898810 frs-bus:Director2 2023-09-01 2024-08-31 10898810 frs-bus:Director2 2023-08-31 10898810 frs-bus:Director2 2024-08-31 10898810 frs-bus:Director3 2023-09-01 2024-08-31 10898810 frs-countries:EnglandWales 2023-09-01 2024-08-31 10898810 2022-08-31 10898810 2023-08-31 10898810 2022-09-01 2023-08-31 10898810 frs-core:CurrentFinancialInstruments 2023-08-31 10898810 frs-core:Non-currentFinancialInstruments 2023-08-31 10898810 frs-core:BetweenOneFiveYears 2023-08-31 10898810 frs-core:WithinOneYear 2023-08-31 10898810 frs-core:SharePremium 2023-08-31 10898810 frs-core:ShareCapital 2023-08-31 10898810 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10898810 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31 10898810 frs-bus:OrdinaryShareClass3 2022-09-01 2023-08-31 10898810 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 10898810
Troubadour Theatres Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10898810
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 14,492 16,392
Tangible Assets 5 17,281 22,682
Investments - Shares 6 300 300
32,073 39,374
CURRENT ASSETS
Debtors 7 4,894,602 5,810,845
Cash at bank and in hand 554 17
4,895,156 5,810,862
Creditors: Amounts Falling Due Within One Year 8 (137,021 ) (612,510 )
NET CURRENT ASSETS (LIABILITIES) 4,758,135 5,198,352
TOTAL ASSETS LESS CURRENT LIABILITIES 4,790,208 5,237,726
Creditors: Amounts Falling Due After More Than One Year 9 (1,864,503 ) (2,331,507 )
NET ASSETS 2,925,705 2,906,219
CAPITAL AND RESERVES
Called up share capital 11 651 651
Share premium account 3,499,622 3,499,622
Profit and Loss Account (574,568 ) (594,054 )
SHAREHOLDERS' FUNDS 2,925,705 2,906,219
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tristan Baker
Director
1 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Troubadour Theatres Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10898810 . The registered office is Troubadour Wembley Park Theatre, 3 Fulton Road, Wembley, England, HA9 0SP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website Development costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 25% Straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 16 13
16 13
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4. Intangible Assets
Website Development Costs
£
Cost
As at 1 September 2023 19,000
As at 31 August 2024 19,000
Amortisation
As at 1 September 2023 2,608
Provided during the period 1,900
As at 31 August 2024 4,508
Net Book Value
As at 31 August 2024 14,492
As at 1 September 2023 16,392
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 19,695 12,341 7,919 39,955
Additions - - 2,838 2,838
As at 31 August 2024 19,695 12,341 10,757 42,793
Depreciation
As at 1 September 2023 9,027 2,751 5,495 17,273
Provided during the period 4,924 2,457 858 8,239
As at 31 August 2024 13,951 5,208 6,353 25,512
Net Book Value
As at 31 August 2024 5,744 7,133 4,404 17,281
As at 1 September 2023 10,668 9,590 2,424 22,682
6. Investments - Shares
Unlisted
£
Cost
As at 1 September 2023 300
As at 31 August 2024 300
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 300
As at 1 September 2023 300
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7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,168 5,567
VAT 10,466 4,814
Called up share capital not paid 273 273
11,907 10,654
Due after more than one year
Amounts owed by group undertakings 4,882,695 5,800,191
4,894,602 5,810,845
Included in Amounts owed by group undertakings is a balance of £55,735.44 (2023: £1,293,058) which is owed by Wembley Park Theatre Limited (Company No. 10940099), balance of £2,452,956.30 (2023: £2,451,480) which is owed by White City Theatres Limited (Company No.11294334), balance of £1,227,942.88 (2023: £1,226,501) which is owed by Troubadour Asset management Limited (Company No.11717983), balance of £72,294.53 (2023: £33,794) which is owed by Meridian Water Studios (Company No. 12527635), balance of £63,246.58 (2023: £62,810) which is owed by Troubadour Trust, balance of £49,380 which is owed by Canary Wharf (Company No.01971312) and balance of £821,186.34 (2023: £602,045) which is owed by Brent Cross Studios Ltd (Company No.16212867) all of which are 100% subsidiaries of Troubadour Theatres Limited.
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,924 4,924
Trade creditors 50,709 104,890
Other taxes and social security 69,013 240,245
Pension 7,375 4,531
Other creditors - 253,520
Accruals and deferred income 5,000 4,400
137,021 612,510
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,231 6,155
Bank loans 1,325,352 1,325,352
Directors loan account 537,920 1,000,000
1,864,503 2,331,507
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,924 4,924
Later than one year and not later than five years 1,231 6,155
6,155 11,079
6,155 11,079
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11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2,606,514 Ordinary A shares of £ 0.0001 each 261 261
3,898,486 Ordinary B shares of £ 0.0001 each 390 390
651 651
12. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Oliver Royds (1,000,000 ) 462,080 - - (537,920 )
The above loan is unsecured, interest free and repayable on demand.
13. Related Party Transactions
Included within Head Office Recharge Income, is an amount of £1,100,000, which was charged from Wembley Park Theatres Ltd (£600,000), Meridian Water Studios (£200,000) and Brent Cross Studios (£300,000), all of which, are 100% subsidiaries of Troubadour Theatres Ltd.
14. Controlling Party
The company's controlling parties are Mr. Tristan Baker & Mr. Oliver Charles Royds by virtue of their ownership of the issued share capital in the company.
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