Company registration number 11954946 (England and Wales)
TTP PRODUCTIONS LIMITED
Unaudited financial statements
For the year ended 31 December 2024
TTP PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TTP PRODUCTIONS LIMITED
BALANCE SHEET
As at 31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
2,597
968,575
Cash at bank and in hand
10,284
6,075
12,881
974,650
Creditors: amounts falling due within one year
4
(12,880)
(974,649)
Net current assets
1
1
Capital and reserves
Called up share capital
1
1

The notes on pages 2 to 4 form part of these financial statements.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 September 2025 and are signed on its behalf by:
Mrs H J Enright
Director
Company registration number 11954946 (England and Wales)
TTP PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
- 2 -
1
Accounting policies
Company information

TTP Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ashcombe Court, Woolsack Way, Godalming, Surrey, GU7 1LQ.

1.1
Reporting period

The reporting period has been shortened as the company ceased acting as a theatre production company at the period end. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company’s immediate parent is Trafalgar Theatre Productions Limited, a company incorporated in the United Kingdom and registered in England and Wales.

However, the directors of Trafalgar Theatre Productions Limited do not consider that the company controls TTP Productions Limited . The accounts for the smallest group for which consolidated accounts are prepared and which include Trafalgar Theatre Productions Limited include the following statement, “TTP Productions Limited is not considered to be an entity over which any controls or significant influence is exerted by the group”.

The directors of TTP Productions Limited concur with that assessment and do not consider that there is a controlling party. Therefore, the directors consider it appropriate to take advantage of such exemptions as are available to a company which is not a subsidiary company.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of theatre production services is recognised by reference to the period in which the services were provided.

TTP PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
- 3 -
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
0
6
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
94,237
Corporation tax recoverable
-
0
759,387
Amounts owed by group undertakings
2,596
25,735
Other debtors
1
89,216
2,597
968,575
TTP PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2024
- 4 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
16,940
Amounts owed to group undertakings
1,980
310,958
Other creditors
10,900
646,751
12,880
974,649
5
Parent company

The company’s immediate parent company is Trafalgar Theatre Productions Limited, a company incorporated in the United Kingdom and registered in England and Wales.

The Company’s most senior parent entity producing publicly available consolidated financial statements incorporating the Company is Trafalgar Entertainment Group Limited. There financial statements are available from Companies House. The registered office is Ashcombe Court, Woolsack Way, Godalming, GU7 1LQ.

The ultimate controlling party is Barings Asset-Based Income Fund (US) LP, by virtue of its 82.98% holding in the issued share capital of Trafalgar Entertainment Group Limited.

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