Topsy Turvy Theatre Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07364854

Topsy Turvy Theatre Limited

Filleted Unaudited Financial Statements

30 September 2024

Topsy Turvy Theatre Limited

Financial Statements

Year ended 30 September 2024

Contents	Page

Officers and professional advisers	1

Report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Topsy Turvy Theatre Limited

Officers and Professional Advisers

Director C Hills

- Director

Registered office	20 Wood Street
	Castleford
	West Yorkshire
	England
	WF10 1LJ

Accountants	Sterling Finance [UK] Limited
	Chartered accountants
	Westbourne House
	159 Oldham Road
	Ashton Under Lyne
	Lancashire
	United Kingdom
	OL7 9AR

Topsy Turvy Theatre Limited

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Topsy Turvy Theatre Limited

Year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Topsy Turvy Theatre Limited for the year ended 30 September 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Topsy Turvy Theatre Limited in accordance with the terms of our engagement letter dated 8 September 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Topsy Turvy Theatre Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Topsy Turvy Theatre Limited and its director for our work or for this report.

It is your duty to ensure that Topsy Turvy Theatre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Topsy Turvy Theatre Limited. You consider that Topsy Turvy Theatre Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Topsy Turvy Theatre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Finance [UK] Limited Chartered accountants

Westbourne House 159 Oldham Road Ashton Under Lyne Lancashire United Kingdom OL7 9AR

15 September 2025

Topsy Turvy Theatre Limited

Statement of Financial Position

30 September 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		–	150

Current assets

Debtors	6	970	650
Cash at bank and in hand		25,106	26,123
		---------	---------
		26,076	26,773

Creditors: amounts falling due within one year	7	1,405		1,501
		---------		---------
Net current assets			24,671	25,272
			---------	---------
Total assets less current liabilities			24,671	25,422

Creditors: amounts falling due after more than one year	8	18,590	18,175
		---------	---------
Net assets		6,081	7,247
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	5,981	7,147
	--------	--------
Shareholders funds	6,081	7,247
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Topsy Turvy Theatre Limited

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

C Hills
Director

Company registration number: 07364854

Topsy Turvy Theatre Limited

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Wood Street, Castleford, West Yorkshire, WF10 1LJ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipments	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 October 2023 and 30 September 2024	5,474	5,474
	--------	--------
Depreciation
At 1 October 2023	5,324	5,324
Charge for the year	150	150
	--------	--------
At 30 September 2024	5,474	5,474
	--------	--------
Carrying amount
At 30 September 2024	–	–
	--------	--------
At 30 September 2023	150	150
	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	360	650
Other debtors	610	–
	-----	-----
	970	650
	-----	-----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	30	126
Social security and other taxes	200	210
Other creditors	1,175	1,165
	--------	--------
	1,405	1,501
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Social security and other taxes	62	62
Other creditors	18,528	18,113
	---------	---------
	18,590	18,175
	---------	---------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2024	2023
	£	£
C Hills	( 18,528)	( 18,113)
	---------	---------

10. Related party transactions

The company was under the control of Miss C Hills throughout the current and previous year. Miss C Hills is the 100% shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for smaller entities.