THE PLAYGROUND THEATRE COMPANY LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 03534123

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,750		5,500

			2,750		5,500
CURRENT ASSETS
Debtors	5	5,126		11,255
Cash at bank and in hand		57,739		25,669

		62,865		36,924
Creditors: Amounts Falling Due Within One Year	6	(7,606 )		(8,556 )

NET CURRENT ASSETS (LIABILITIES)			55,259		28,368

TOTAL ASSETS LESS CURRENT LIABILITIES			58,009		33,868

Creditors: Amounts Falling Due After More Than One Year	7		(23,469 )		(17,825 )

NET ASSETS			34,540		16,043

Income and Expenditure Account			34,540		16,043

MEMBERS' FUNDS			34,540		16,043

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THE PLAYGROUND THEATRE COMPANY LIMITED

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mrs N S Tate

Director

04/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

THE PLAYGROUND THEATRE COMPANY LIMITED is a private company, limited by guarantee, incorporated in England & Wales, registered number 03534123 . The registered office is Unit 8 Latimer Road Industrial Estate, 343-453 Latimer Road, Kensington, London, W10 6RQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents donations received by the charity in furtherance of its principal activity.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	Straight line over 3 years
Computer Equipment	Straight line over 3 years

2.4. Taxation

The charity is exempt from corporation tax on its charitable activities.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	42,272	2,376	44,648

As at 31 March 2025	42,272	2,376	44,648

Depreciation
As at 1 April 2024	36,772	2,376	39,148
Provided during the period	2,750	-	2,750

As at 31 March 2025	39,522	2,376	41,898

Net Book Value
As at 31 March 2025	2,750	-	2,750

As at 1 April 2024	5,500	-	5,500

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,738	9,500
VAT	2,388	1,755

	5,126	11,255

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THE PLAYGROUND THEATRE COMPANY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	7,606	6,953
Accruals and deferred income	-	1,603

	7,606	8,556

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	23,469	17,825

8. Related Party Transactions

The company leases premises from Mrs N Tate (a serving director and charity trustee) and Mr P Tate (a connected person). The rent paid is below current market value in recognition of the company's charitable status.

The company has paid £3,053 (2024: £4,864) for cleaning services to E.C.C. Services (UK) Ltd, a company owned by Mr P Tate. The costs paid are below current market value in recognition of the company's charitable status.

Included in other creditors is an amount of £23,469 (2024 - £17,825) owed to Mr P Tate.

The company received charitable donations totalling £87,042 (2024 - £101,172) from connected company, Red Horse Limited.

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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