STANDOUT THEATRE LIMITED

Company Registration Number:
05924158 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

STANDOUT THEATRE LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

STANDOUT THEATRE LIMITED

Balance sheet

As at 31 October 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 619,912 625,294
Total fixed assets: 619,912 625,294
Current assets
Debtors:   27,258 27,258
Cash at bank and in hand: 59,598 27,262
Total current assets: 86,856 54,520
Creditors: amounts falling due within one year: 4 (231,575) (193,371)
Net current assets (liabilities): (144,719) (138,851)
Total assets less current liabilities: 475,193 486,443
Creditors: amounts falling due after more than one year: 5 (383,394) (402,498)
Total net assets (liabilities): 91,799 83,945
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 91,699 83,845
Shareholders funds: 91,799 83,945

The notes form part of these financial statements

STANDOUT THEATRE LIMITED

Balance sheet statements

For the year ending 31 October 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2025
and signed on behalf of the board by:

Name: Stella Okoroafor
Status: Director

The notes form part of these financial statements

STANDOUT THEATRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

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

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings Freehold 0.5% straight line Fixtures, fittings & equipment 25% reducing balance. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STANDOUT THEATRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 24 21

STANDOUT THEATRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 744,139
At 31 October 2024 744,139
Depreciation
At 01 November 2023 118,845
Charge for year 5,382
At 31 October 2024 124,227
Net book value
At 31 October 2024 619,912
At 31 October 2023 625,294

STANDOUT THEATRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

£231,575

STANDOUT THEATRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

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

£383,394