Registration number: 04078239

Arcola Theatre Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Arcola Theatre Limited

(Registration number: 04078239)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	124	1,618
Tangible assets	5	1,294	1,891
		1,418	3,509
Current assets
Stocks	6	2,915	3,348
Debtors	7	4,963	6,483
Cash at bank and in hand		5,051	17,637
		12,929	27,468
Creditors: Amounts falling due within one year	8	(252,937)	(305,399)
Net current liabilities		(240,008)	(277,931)
Net liabilities		(238,590)	(274,422)
Capital and reserves
Called up share capital	9	2	2
Retained earnings		(238,592)	(274,424)
Shareholders' deficit		(238,590)	(274,422)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... L Nazli Company secretary and director

Arcola Theatre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24 Ashwin Street
London
E8 3DL

These financial statements were authorised for issue by the Board on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis despite the Company having net liabilities of £238,590. The directors feel this is appropriate given the intention that the directors and key management have confirmed they will continue to support the Company until such time as it makes profits and hass sufficient cash resources to manage its debt.

Revenue recognition

Revenue is recognsied to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the conisideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
- The Company has transferred the significant risks and rewards of ownership to the buyer
- The Company retains neither continuing managerial invovlement to the degree usually associated
with ownership nor effective control over the goods sold
- The amount of revenue can be reliably measured
- It is probable that the Company will receive the consideration due under the transaction
- The costs incurred or to be insurred in respect of the transaction can be measured reliably

Arcola Theatre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a reenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measrued at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful like. If a reliable estimated of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives using the straight line method, as follows:

Asset class	Depreciation method and rate
Freehold Property	20% on cost
Office equipment	20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Arcola Theatre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of that obligation.

Provisions charged as an expense to the profit ot loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Finacial Position.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Arcola Theatre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 5).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	4,481	4,481
At 31 March 2025	4,481	4,481
Amortisation
At 1 April 2024	2,863	2,863
Amortisation charge	1,494	1,494
At 31 March 2025	4,357	4,357
Carrying amount
At 31 March 2025	124	124
At 31 March 2024	1,618	1,618

Arcola Theatre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Building improvements £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	157,535	2,985	160,520
At 31 March 2025	157,535	2,985	160,520
Depreciation
At 1 April 2024	157,535	1,094	158,629
Charge for the year	-	597	597
At 31 March 2025	157,535	1,691	159,226
Carrying amount
At 31 March 2025	-	1,294	1,294
At 31 March 2024	-	1,891	1,891

6

Stocks

	2025 £	2024 £
Other inventories	2,915	3,348

7

Debtors

	2025 £	2024 £
Trade debtors	4,186	4,461
Other debtors	777	2,022
	4,963	6,483

Arcola Theatre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	7,078	5,579
Taxation and social security	6,205	5,378
Accruals and deferred income	3,250	8,038
Other creditors	236,404	286,404
	252,937	305,399

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

10	Related party transactions

Summary of transactions with key management

Summary of transactions with other related parties

Included within other creditors due within one year is £101,019 (2024: £101,019) owing to a related party. The loan is interest free and repayable on demand.

Also included within creditors due within one year is £135,385 (2024: £185,385) owing to an entity in which a director of Arcola Theatre Limited is key management personnel. The loan is interest free and repayable on demand.