The Leatherhead Theatre Company Limited

Registered number

04451758

Filleted Accounts

31 March 2025

The Leatherhead Theatre Company Limited
Registered number:		04451758
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		22,519			17,630

Current assets
Stocks		4,598			5,972
Debtors	5	29,706			18,213
Cash at bank and in hand		123,461			109,461
		157,765			133,646

Creditors: amounts falling due within one year	6	(147,054)			(130,688)

Net current assets			10,711			2,958

Total assets less current liabilities			33,230			20,588

Creditors: amounts falling due after more than one year	7		(5,417)			(10,417)



Net assets			27,813			10,171

Capital and reserves
Called up share capital			1			1
Profit and loss account			27,812			10,170

Shareholder's funds			27,813			10,171

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




T C Caffell
Director
Approved by the board on 28 October 2025

The Leatherhead Theatre Company Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Statutory information

	The Leatherhead Theatre Company Limited is a private company, limited by shares, domiciled in England and Wales, registration number 4451758. The registered office is The Theatre, 7 Church Street, Leatherhead, Surrey KT22 8DN.

2	Accounting policies

	Accounting convention
	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).

	Preparation of the accounts on a going concern basis
	The directors recognise that the future performance of the company will continue to be impacted by the novel coronavirus (covid-19) and also by the substantial increase in operating costs caused by a hightened level of inflation and other factors. In the period since the financial year end date the company's operations have continued to be significantly impacted by these factors. However, the directors have currently assessed that the company should not be so affected by these that it should not be regarded as a going concern and therefore the accounts include no adjustment in this respect.
	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment	25% per annum reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2	Accounting policies continued

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


3	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		19		14










4	Tangible fixed assets
					Fixtures, fittings and equipment
£
	Cost
	At 1 April 2024				169,196
	Additions				12,401
	At 31 March 2025				181,597

	Depreciation
	At 1 April 2024				151,566
	Charge for the year				7,512
	At 31 March 2025				159,078

	Net book value
	At 31 March 2025				22,519
	At 31 March 2024				17,630


5	Debtors		2025		2024
£				£

	Trade debtors		19,964		10,659
	Other debtors		9,742		7,554
			29,706		18,213


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loan		5,000		5,000
	Trade creditors		4,317		14,853
	Taxation and social security costs		16,718		13,428
	Other creditors		121,019		97,407
			147,054		130,688


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loan		5,417		10,417


8	Controlling party

	The parent charitable company, Leatherhead Revival Trust, has its registered office at The Theatre, 7 Church Street, Leatherhead, Surrey KT22 8DN.