General Information
THE QUEER COMEDY CLUB LTD is a private company, limited by shares, registered in England and Wales, registration number 14726043, registration address 9 Hewson Way, Elephant Park, London, SE17 1JS.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
25% Straight Line
|
| Plant and Machinery |
15% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 9 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Computer Equipment |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
- |
|
2,707 |
|
30,000 |
|
32,707 |
| Additions |
86,421 |
|
- |
|
374,418 |
|
460,839 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
86,421 |
|
2,707 |
|
404,418 |
|
493,546 |
| Depreciation |
| At 01 April 2024 |
- |
|
215 |
|
1,000 |
|
1,215 |
| Charge for year |
12,963 |
|
676 |
|
40,442 |
|
54,081 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
12,963 |
|
891 |
|
41,442 |
|
55,296 |
| Net book values |
| Closing balance as at 31 March 2025 |
73,458 |
|
1,816 |
|
362,976 |
|
438,250 |
| Opening balance as at 01 April 2024 |
- |
|
2,492 |
|
29,000 |
|
31,492 |
The net book value of Improvements to property includes £ 362,976 (2024 £29,000) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
77,755 |
|
18,020 |
| VAT |
0 |
|
9,058 |
|
77,755 |
|
27,078 |
|
| 4. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Deposits paid |
20,400 |
|
20,400 |
|
20,400 |
|
20,400 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
29,885 |
|
150 |
| PAYE & Social Security |
8,379 |
|
0 |
| Accrued Expenses |
1,100 |
|
1,100 |
| Other Creditors |
1,159 |
|
(1) |
| Pension Control Account |
4,665 |
|
0 |
| Loan |
67,284 |
|
0 |
| VAT |
23,437 |
|
0 |
|
135,909 |
|
1,249 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Directors' Loan Accounts |
284,628 |
|
156,582 |
|
284,628 |
|
156,582 |
|
|
Related Party Disclosure
At the balance sheet date, the company owed £284,627 (2023 : £156,581) to directors. The loan is interest-free and repayable on demand. No security has been provided for the loan.
|
2
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