Theatr Ardudwy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13797261

Theatr Ardudwy Limited

Filleted Unaudited Financial Statements

31 December 2024

Theatr Ardudwy Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	4	394,288	345,735
Tangible assets	5	5,864	–
		---------	---------
		400,152	345,735

Current assets

Debtors	6	31,504	4,360
Cash at bank and in hand		7,030	686
		--------	-------
		38,534	5,046

Creditors: amounts falling due within one year	7	512,976	405,794
		---------	---------
Net current liabilities		474,442	400,748
		---------	---------
Total assets less current liabilities		( 74,290)	( 55,013)
		--------	--------
Net liabilities		( 74,290)	( 55,013)
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 74,291)	( 55,014)
	--------	--------
Shareholder deficit	( 74,290)	( 55,013)
	--------	--------

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 31 December 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 member has 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Theatr Ardudwy Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr N Bowen-Morris
Director

Company registration number: 13797261

Theatr Ardudwy Limited

Notes to the Financial Statements

Year ended 31 December 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 128 City Road, LONDON, EC1V2NX.

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. The financial statements are prepared in sterling, which is the functional currency of the entity. The figures in the financial statements are rounded to the nearest whole pound.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

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.

Research and development

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

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:

	Plant and machinery	-	20% p.a. Straight Line

4. Intangible assets

	Development costs
	£
Cost
At 1 January 2024	345,735
Additions	48,553
	---------
At 31 December 2024	394,288
	---------
Amortisation
At 1 January 2024 and 31 December 2024	–
	---------
Carrying amount
At 31 December 2024	394,288
	---------
At 31 December 2023	345,735
	---------

5. Tangible assets

	Plant and machinery
	£
Cost
At 1 January 2024	–
Additions	9,111
	-------
At 31 December 2024	9,111
	-------
Depreciation
At 1 January 2024	–
Charge for the year	3,247
	-------
At 31 December 2024	3,247
	-------
Carrying amount
At 31 December 2024	5,864
	-------
At 31 December 2023	–
	-------

6. Debtors

	2024	2023
	£	£
Trade debtors	20,506	–
Other debtors	10,998	4,360
	--------	-------
	31,504	4,360
	--------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	3,503	–
Other creditors	509,473	405,794
	---------	---------
	512,976	405,794
	---------	---------

8. Director's advances, credits and guarantees

Mr N V Bowen-Morris is the sole director and as at 31st December 2024 was owed £496,223 (2023: £397,503) from the company.