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Company Registration Number:
11534843 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

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Contents of the Financial Statements

for the Period Ended 31 January 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal activities of the company

The company’s principal activity during the year continued to be the creation and production of theatre and arts-based community projects. The company ceased trading in September 2023.

Additional information

These are the company’s final accounts prior to dissolution. The company ceased trading in September 2023 and will be struck off following the completion of its statutory filings. At the balance sheet date the company held no fixed assets and had outstanding liabilities under a Bounce Back Loan and bank overdraft which it has insufficient funds to repay.



Directors

The director shown below has held office during the whole of the period from
1 February 2024 to 31 January 2025

Jack Pitfield

The director shown below has held office during the period of
1 February 2024 to 23 April 2024

Simon Woodward

The director shown below has held office during the period of
1 February 2024 to 20 March 2024

Natasha Glew

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
14 October 2025

And signed on behalf of the board by:
Name: Jack Pitfield
Status: Director

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Profit And Loss Account

for the Period Ended 31 January 2025

2025 2024


£
£
Turnover: 0 98,874
Cost of sales: ( 80,927 )
Gross profit(or loss): 0 17,947
Administrative expenses: ( 250 ) ( 15,888 )
Other operating income: 21,041
Operating profit(or loss): 20,791 2,059
Interest payable and similar charges: ( 727 ) ( 100 )
Profit(or loss) before tax: 20,064 1,959
Tax: ( 372 )
Profit(or loss) for the financial year: 20,064 1,587

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Balance sheet

As at 31 January 2025

Notes 2025 2024


£
£
Fixed assets
Tangible assets: 3 0 3,907
Total fixed assets: 0 3,907
Current assets
Debtors: 4 22,977
Total current assets: 22,977
Creditors: amounts falling due within one year: 5 ( 4,995 ) ( 4,559 )
Net current assets (liabilities): 17,982 (4,559)
Total assets less current liabilities: 17,982 ( 652)
Creditors: amounts falling due after more than one year: 6 ( 6,839 ) ( 7,499 )
Total net assets (liabilities): 11,143 (8,151)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 11,043 (8,251 )
Total Shareholders' funds: 11,143 (8,151)

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 14 October 2025
and signed on behalf of the board by:

Name: Jack Pitfield
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents income derived from theatrical and arts-based activities, net of VAT where applicable. The company ceased trading in September 2023 and no turnover was generated in the current financial year.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided to write off the cost of fixed assets over their estimated useful lives at the following annual rates: Motor vehicles at 25% reducing balance basis. The company transferred its remaining motor vehicle during the year; no depreciation has been charged in the current period.

    Intangible fixed assets amortisation policy

    The company held no intangible assets during the current or preceding financial year.

    Valuation information and policy

    The company’s assets and liabilities have been stated at estimated realisable values and settlement amounts in accordance with the break-up basis of preparation.

    Other accounting policies

    Government grants, including Theatre Tax Relief, are recognised as income in the period to which they relate once reasonable assurance has been obtained that the conditions for receipt have been met. Debtors and creditors are stated at amounts expected to be received or paid. The company has ceased trading and no deferred taxation has been recognised.

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Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 1

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Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2024 5,455 5,455
Additions
Disposals ( 5,455 ) ( 5,455 )
Revaluations
Transfers
At 31 January 2025 0 0
Depreciation
At 1 February 2024 1,548 1,548
Charge for year
On disposals ( 1,548 ) ( 1,548 )
Other adjustments
At 31 January 2025 0 0
Net book value
At 31 January 2025 0 0
At 31 January 2024 3,907 3,907

The company’s only tangible fixed asset, a motor vehicle, was transferred to SD Theatre CIC, a connected community interest company continuing similar theatre and arts activities, in February 2024 at an estimated market value of £1,935. The carrying amount at 31 January 2024 was £3,907, resulting in a loss on disposal of £1,972 recognised in these accounts. Following the transfer, the company held no tangible fixed assets

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Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Debtors

2025 2024
£ £
Other debtors 22,977
Total 22,977

Debtors consist of an inter-company receivable of £22,976.87 due from SD Theatre CIC. This balance represents Theatre Tax Relief repayments (£21,041.87) received during the year and the market value (£1,935) of a motor vehicle transferred in February 2024. The directors do not expect this amount to be repaid and intend to write it off prior to the company’s dissolution.

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Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 4,995 4,187
Taxation and social security 372
Total 4,995 4,559

Creditors within one year comprise a bank overdraft of £4,995 at 31 January 2025. The company has ceased trading and has insufficient funds to repay this liability. No other short-term creditors remained outstanding at the balance-sheet date.

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Notes to the Financial Statements

for the Period Ended 31 January 2025

6. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Bank loans and overdrafts 6,839 7,499
Total 6,839 7,499

Long-term creditors consist of a Bounce Back Loan from HSBC Bank plc with an outstanding balance of £6839 at 31 January 2025. The loan was taken out under the Government-backed Bounce Back Loan Scheme. The company has ceased trading and has no means to repay the balance. The directors have notified the lender and intend to proceed with strike-off following approval of these accounts.

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Notes to the Financial Statements

for the Period Ended 31 January 2025

7. Financial Commitments

At 31 January 2025 the company owed £6839 under the Bounce Back Loan Scheme and £4,995 as a bank overdraft. The company has ceased trading and has no ongoing financial commitments for new assets or contracts. The directors have notified the lender and bank of their intention to proceed with strike-off.

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 11534843 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

During the financial year, Same Difference Arts CIC continued to deliver community-focused creative activities, supporting access to the arts across Yorkshire through inclusive theatre and participatory projects. The company’s work benefited children, families, and local communities by providing creative engagement opportunities and supporting emerging artists. Following the company’s cessation of trading in September 2023, its community theatre activities and future programme delivery were transferred to SD Theatre CIC to ensure the continued delivery of its charitable and social objectives. Through this transition, the community impact and legacy of Same Difference Arts CIC have been sustained under the new organisation, maintaining the same commitment to creativity, inclusivity, and public benefit.

Consultation with stakeholders

As the company ceased trading in September 2023, formal consultation activity during the financial year was limited. Community feedback and engagement for ongoing arts activities are now undertaken by SD Theatre CIC, which continues to consult with participants, partners, and community groups in developing its programmes. This ensures that the voices and needs of the community continue to inform the delivery of creative and inclusive theatre projects.

Directors' remuneration

No remuneration was received

Transfer of assets

During the financial year, the company transferred Theatre Tax Relief repayments (£21,041.87) and a motor vehicle valued at £1,935 to SD Theatre CIC. SD Theatre CIC is a separate community interest company under common directorship, established to continue the community theatre activities previously delivered by Same Difference Arts CIC. These transfers were made in accordance with the company’s asset lock provisions and for the continued benefit of the community. No consideration was received, and no personal or private benefit arose from these transfers.

This report was approved by the board of directors on
14 October 2025

And signed on behalf of the board by:
Name: Jack Pitfield
Status: Director