ACCOUNTS - Final Accounts preparation

Registered number: SC462181

Charity number: SC044422

THE DUNDEE WHITEHALL THEATRE LTD

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE DUNDEE WHITEHALL THEATRE LTD

CONTENTS

	Page
Reference and administrative details of the Company, its Trustees and advisers	1
Trustees' report	2 - 5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8 - 9
Notes to the financial statements	10 - 19

THE DUNDEE WHITEHALL THEATRE LTD

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

G Smith, Financial Director

C Waghorn, Chair (resigned 17 June 2024)

E Campbell

L Corr

D Bell

L Kidd

R Lesslie

S Whyte

Company registered number

SC462181

Charity registered number

SC044422

Registered office

Whitehall Theatre, 12 Bellfield Street, Dundee, DD1 5JA

Company secretary

Donna Bell

Independent examiner

EQ Accountants Limited, 14 City Quay, Dundee, DD1 3JA

Bankers

Royal Bank of Scotland, 3 High Street, Dundeee, DD1 1SX

Independent Examiner

Douglas Rae CA, EQ Accountants Limited, 14 City Quay, Dundee, DD1 3JA

Page 1

THE DUNDEE WHITEHALL THEATRE LTD

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The primary purpose of Dundee Whitehall Theatre Ltd is to manage and operate the Whitehall Theatre, ensuring the venue is available for:

∙Local amateur dramatic and musical societies

∙Dance schools and youth theatre companies

∙Visiting professional companies across a wide range of genres

We aim to be “the people’s theatre” of Dundee, supporting the city’s cultural life and providing a welcoming space for performers and audiences alike.

b. Achievements in 2024

Growing Community Involvement
2024 was a year of strong growth. Local youth theatre and dance groups returned in significant numbers, bringing many young people back onto the stage.
The programme also broadened, with comedy, educational shows (science and nature), documentaries, and sporting events all finding new audiences. Several new promoters booked the venue for the first time, alongside established partners returning with fresh productions.
Positive Audience and Promoter Feedback
Feedback from both the public and promoters was extremely encouraging. Many complimented the professionalism of the staff, the quality of the venue, and expressed enthusiasm about returning in future.
The introduction of a dedicated Box Office for all theatre productions has been a major success, strengthening financial management and improving customer service.
Maintaining and Improving Facilities
We continued to invest in upgrading the theatre’s technical equipment and facilities, ensuring the venue remains attractive to both local groups and professional touring productions. Many artists now book the Whitehall Theatre on a recurring, multi-year basis, reflecting their confidence in the venue.

c. Plans for 2025

Looking ahead, we will continue to invest in the building and audience experience. Major projects planned for 2025 include:

∙Maintenance of the Caledonian Hall roof

∙Refurbishment of the under-stage dressing rooms

∙Replacement of the theatre’s sound and lighting systems

Page 2

THE DUNDEE WHITEHALL THEATRE LTD

Objectives and activities (continued)

d. Our People

Staff and Volunteers
In 2023, the Board introduced paid contracts for the Front of House team, following business growth and a decline in volunteer availability. This change has been highly successful, receiving positive feedback from both staff and patrons.
We remain committed to paying above the National Minimum Wage and will review pay and benefits as part of the 2025–2027 Business Plan.
Building Capacity
To support future growth, the Board has begun restructuring to bring outsourced social media and technical roles in-house and to expand finance and administrative capacity.
Bar Operations
In July 2024, bar operations were transferred into a new private limited company, Pennycooks Limited, incorporated on 23 July 2024. Staff and stock were transferred under TUPE arrangements. Pennycooks Limited is wholly owned by the Whitehall Theatre Trust. The Theatre Company now pays rent to the Trust on a quarterly basis.

e. Public Benefit

The Trustees confirm that the Company’s activities provide clear public benefit, particularly by:

∙Offering opportunities for young people to perform and develop skills in the arts

∙Providing a venue for local societies and community groups to present their work

∙Attracting professional touring productions to Dundee, broadening cultural choice for audiences

∙Sustaining an accessible, welcoming theatre that supports the cultural and social life of the city

a. Thanks and acknowledgements

The Trustees would like to place on record their gratitude to everyone who contributes to the continuing success of the Whitehall Theatre.
We thank our dedicated staff and volunteers for their commitment and professionalism, our audiences for their loyal support, and the many local and national companies who choose to perform on our stage.
The ongoing success of the Whitehall Theatre is built on this partnership between the community, the artistic groups who bring their work to life, and the individuals who ensure every performance is delivered with excellence.
Together, we will continue to build on this strong foundation to secure a vibrant and sustainable future for the people’s theatre of Dundee.

Page 3

THE DUNDEE WHITEHALL THEATRE LTD

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The unrestricted reserves at 31 December 2024 amount to £255,776 (2023 - £217,548). This exceeds the reserves needed to ensure continued running of the company.

Structure, governance and management

a. Constitution

The Dundee Whitehall Theatre Ltd is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

b. Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
In May 2023, The Theatre Board, with the future and accelerating growth in mind, agreed to extend the size of the Board. A number of individuals were invited, and their applications scrutinised by the existing Board members. As a result, 6 new individuals joined, with 2 retaining their role on the Theatre Trust. A new Company Secretary was appointed, along with a Non-Executive Director with oversight of the Technical & Production aspects of the Theatre. All of the new appointees have an on going active involvement with Theatre (professional and local), and this with their external professional skills is bringing significant benefit to the Board.

c. Organisational structure and decision-making policies

The Directors at the date of this report and through the year are shown on page 1.

Page 4

THE DUNDEE WHITEHALL THEATRE LTD

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

∙select suitable accounting policies and then apply them consistently;

∙observe the methods and principles of the Charities SORP (FRS 102);

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 3 September 2025 and signed on their behalf by:

Graeme Smith

Trustee

Page 5

THE DUNDEE WHITEHALL THEATRE LTD

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DUNDEE WHITEHALL THEATRE LTD

I report on the accounts of the company for the year ended 31 December 2024 which are set out on pages 7 to 19.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

INDEPENDENT EXAMINER'S STATEMENT

In the course of my examination, no matter has come to my attention:

1.

which gives me reasonable cause to believe that in any material respect the requirements:

∙to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and

∙to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

2.

to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.

Signed: Dated: 3 September 2025

Douglas Rae CA

EQ ACCOUNTANTS LIMITED

Chartered Accountants

14 City Quay

Dundee

DD1 3JA

Page 6



THE DUNDEE WHITEHALL THEATRE LTD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

			Unrestricted funds 2024	Continuing operations 2024	Discontinued operations 2024	Total funds 2024	Continuing operations 2023	Discontinued operations 2023	Total funds 2023
		Note	£	£	£	£	£	£	£

	Income from:
	Donations and legacies	2	26,684	26,684	-	26,684	15,486	-	15,486
	Charitable activities	3	264,109	264,109	-	264,109	201,198	-	201,198
	Other trading activities	4	116,821	5,505	111,316	116,821	-	173,781	173,781
	Investments		7,001	7,001	-	7,001	3,922	-	3,922
	Total income		414,615	303,299	111,316	414,615	220,606	173,781	394,387

Expenditure on:
Raising funds	5	38,239	3,493	34,746	38,239	-	57,761	57,761
Charitable activities	7	338,344	309,573	28,771	338,344	292,526	25,186	317,712
Total expenditure		376,583	313,066	63,517	376,583	292,526	82,947	375,473

Net movement in funds

38,032

(9,767)

47,799

38,032

(71,920)

90,834

18,914

Reconciliation of funds:
Total funds brought forward		217,548	217,548	-	217,548	198,634	-	198,634
Net movement in funds		38,032	(9,767)	47,799	38,032	(71,920)	90,834	18,914
Total funds carried forward		255,580	207,781	47,799	255,580	126,714	90,834	217,548

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 19 form part of these financial statements.

Page 7

THE DUNDEE WHITEHALL THEATRE LTD

REGISTERED NUMBER: SC462181

BALANCE SHEET

AS AT 31 DECEMBER 2024

			2024		2023
	Note		£		£

Fixed assets
Tangible assets	11		1,081		2,470
			1,081		2,470
Current assets
Stocks		-		7,709
Debtors	12	3,947		3,657
Cash at bank and in hand		483,350		510,341
		487,297		521,707
Current liabilities
Creditors: amounts falling due within one year	13	(232,798)		(306,629)
Net current assets			254,499		215,078
Total assets less current liabilities			255,580		217,548
Net assets excluding pension asset			255,580		217,548
Total net assets			255,580		217,548

Charity funds
Restricted funds	14		-		-
Unrestricted funds	14		255,580		217,548
Total funds			255,580		217,548

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 03 September 2025 and signed on their behalf by:

Graeme Smith

Trustee

Page 8

THE DUNDEE WHITEHALL THEATRE LTD

REGISTERED NUMBER: SC462181

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The notes on pages 10 to 19 form part of these financial statements.

Page 9

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.ACCOUNTING POLICIES

1.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Dundee Whitehall Theatre Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measure reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Page 10

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.ACCOUNTING POLICIES (CONTINUED)

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

				Tenant's additions	-	100% Straight line
				Plant and machinery	-	20% Straight line

1.5

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.6

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

Page 11

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

	2.	INCOME FROM DONATIONS AND LEGACIES

			Unrestricted funds 2024	Total funds 2024	Total funds 2023
			£	£	£


	Donations	26,684	26,684	15,486

	3.	INCOME FROM CHARITABLE ACTIVITIES

			Unrestricted funds 2024	Total funds 2024	Total funds 2023
			£	£	£


	Theatre income	264,109	264,109	201,198

4.

INCOME FROM OTHER TRADING ACTIVITIES

		Income from non charitable trading activities

			Unrestricted funds 2024	Total funds 2024	Total funds 2023
			£	£	£


	Advertising income	5,505	5,505	-
	Food and beverage sales	111,316	111,316	173,781
		116,821	116,821	173,781

Page 12

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.

EXPENDITURE ON RAISING FUNDS

		Other trading expenses

			Unrestricted funds 2024	Total funds 2024	Total funds 2023
			£	£	£


	Bar expenses	38,239	38,239	57,761

	6.	ANALYSIS OF GRANTS

			Grants to Institutions 2024	Total funds 2024
			£	£


	Donations to Whitehall Theatre Trust	100	100

In the prior year, donations to Whitehall Theatre Trust represents expenditure on building improvements necessary for the continued operation of the premises by the company but which would, in the event of termination of the lease, be retained by the Trust as landlord. Donations in the current year were cash donations.


			Grants to Institutions 2023	Total funds 2023
			£	£


	Donations to Whitehall Theatre Trust	41,353	41,353

	7.	ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
		Summary by fund type

			Unrestricted funds 2024	Total 2024	Total 2023
			£	£	£


	Fundraising trading expenses	338,344	338,344	317,712

Page 13

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

	8.	ANALYSIS OF EXPENDITURE BY ACTIVITIES

			Activities undertaken directly 2024	Grant funding of activities 2024	Support costs 2024	Total funds 2024
			£	£	£	£


	Charitable activities	331,661	100	6,583	338,344


			Activities undertaken directly 2023	Grant funding of activities 2023	Support costs 2023	Total funds 2023
			£	£	£	£


	Charitable activities	270,249	41,353	6,110	317,712

ANALYSIS OF DIRECT COSTS


		Total funds 2024	Total funds 2023
		£	£


	Staff costs	130,164	113,945
	Depreciation	11,995	1,525
	Rent and rates	13,452	5,607
	Heat and light	19,484	24,897
	Insurance	15,841	17,004
	Telephone	1,806	2,143
	Cleaning	18,870	22,419
	Travel expenses	106	-
	Advertising and promotion	4,512	2,622
	Printing, stationery and postage	628	589
	Equipment hire	47,805	42,066
	Repairs and maintenance	17,312	8,333
	Training	210	-
	Sundry expenses	19,723	13,573
	Legal and professional fees	15,873	2,781
	Bank charges	13,880	12,745
		331,661	270,249

Page 14

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

	ANALYSIS OF SUPPORT COSTS

		2024	Total funds 2024	Total funds 2023
		£	£	£


	Governance costs	6,583	6,583	6,110

9.	STAFF COSTS
		2024	2023
		£	£


	Wages and salaries	126,269	110,574
	Contribution to defined contribution pension schemes	3,895	3,371
		130,164	113,945

	The average number of persons employed by the Company during the year was as follows:
		2024	2023
		No.	No.


	Employees	42	21

No employee received remuneration amounting to more than £60,000 in either year.

The employee benefits of key management personnel totalled £39,092.

10.	TRUSTEES' REMUNERATION AND EXPENSES
	During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).

Page 15

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.	TANGIBLE FIXED ASSETS

		Tenant's Improvements	Plant and machinery	Total
		£	£	£
Cost or valuation
At 1 January 2024		262,046	36,163	298,209
Additions		10,802	-	10,802
Disposals		(12,655)	(7,347)	(20,002)
At 31 December 2024		260,193	28,816	289,009
Depreciation
At 1 January 2024		262,046	33,693	295,739
Charge for the year		10,802	1,193	11,995
On disposals		(12,655)	(7,151)	(19,806)
At 31 December 2024		260,193	27,735	287,928
Net book value
At 31 December 2024		-	1,081	1,081
At 31 December 2023		-	2,470	2,470

12.	DEBTORS
		2024	2023
		£	£


	Due within one year
	Other debtors	3,045	-
	Prepayments and accrued income	902	3,657
		3,947	3,657

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£


	Other taxation and social security	17,163	16,447
	Other creditors	475	-
	Accruals and deferred income	215,160	290,182
		232,798	306,629

Page 16

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

14.

STATEMENT OF FUNDS

		STATEMENT OF FUNDS - CURRENT YEAR
			Balance at 1 January 2024 £	Income £	Expenditure £	Balance at 31 December 2024 £
		Unrestricted funds

General Funds - all funds

217,548

414,615

(376,583)

255,580

		STATEMENT OF FUNDS - PRIOR YEAR
			Balance at 1 January 2023 £	Income £	Expenditure £	Balance at 31 December 2023 £
		Unrestricted funds

General Funds - all funds

198,634

394,387

(375,473)

217,548

Page 17

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15.

SUMMARY OF FUNDS

		SUMMARY OF FUNDS - CURRENT YEAR
			Balance at 1 January 2024 £	Income £	Expenditure £	Balance at 31 December 2024 £

General funds

217,548

414,615

(376,583)

255,580

		SUMMARY OF FUNDS - PRIOR YEAR
			Balance at 1 January 2023 £	Income £	Expenditure £	Balance at 31 December 2023 £

General funds

198,634

394,387

(375,473)

217,548

16.

ANALYSIS OF NET ASSETS BETWEEN FUNDS

		ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT PERIOD
			Unrestricted funds 2024	Total funds 2024
			£	£

	Tangible fixed assets	1,081	1,081
	Current assets	487,297	487,297
	Creditors due within one year	(232,798)	(232,798)
	Total	255,580	255,580

		ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD
			Unrestricted funds 2023	Total funds 2023
			£	£

	Tangible fixed assets	2,470	2,470
	Current assets	521,707	521,707
	Creditors due within one year	(306,629)	(306,629)
	Total	217,548	217,548

Page 18

THE DUNDEE WHITEHALL THEATRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

17.	RELATED PARTY TRANSACTIONS
	The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 December 2024.

Page 19