Abbreviated Company Accounts - IRIS THEATRE

06889583 IRIS THEATRE 2014-04-30 false 2013-05-01 2014-04-30 true 06889583 2013-05-01 2014-04-30 06889583 2014-04-30 06889583 2013-04-30 06889583 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 06889583 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 iso4217:GBP shares

Registered Number 06889583

IRIS THEATRE

Abbreviated Accounts

30 April 2014

IRIS THEATRE Registered Number 06889583

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	3	6,079	4,675
Investments		-	-
		6,079	4,675
Current assets
Stocks		-	-
Debtors	4	110	-
Investments		-	-
Cash at bank and in hand		18,591	10,353
		18,701	10,353
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		0	(181)
Net current assets (liabilities)		18,701	10,172
Total assets less current liabilities		24,780	14,847
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		24,780	14,847
Reserves
Revaluation reserve		0	0
Other reserves		24,780	14,847
Income and expenditure account		0	0
Members' funds		24,780	14,847

For the year ending 30 April 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 January 2015

And signed on their behalf by:
Andrew Makin, Director

IRIS THEATRE Registered Number 06889583

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation has been provided at 20% on a straight line basis in order to write off the assets over their estimated useful lives

Valuation information and policy
Tangible assets are capitalised if they can be used for more than one year, and cost at least £25. They are valued at cost or a reasonable value on receipt.

Other accounting policies
Stock is valued at the lower of cost or market value.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 May 2013	7,016
Additions	3,786
Disposals	-
Revaluations	(395)
Transfers	-
At 30 April 2014	10,407
Depreciation
At 1 May 2013	2,341
Charge for the year	1,987
On disposals	-
At 30 April 2014	4,328
Net book values
At 30 April 2014	6,079
At 30 April 2013	4,675

4Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	0	0

During the year, Iris Theatre purchased some assets on behalf of St. Paul's Church, Covent Garden. These assets were reimbursed in the following financial year by the church at cost.

5Transactions with directors

Name of director receiving advance or credit:	Simon James Grigg and Charles Ludovic Grant
Description of the transaction:	Purchase of assets on behalf of
Balance at 1 May 2013:	£ 0
Advances or credits made:	£ 729
Advances or credits repaid:	£ 619
Balance at 30 April 2014:	£ 110

Simon James Grigg is the Rector of St. Paul's Church, Covent Garden and a Trustee of Iris Theatre.

Charles Ludovic Grant is the Concert/Administration Director of St. Paul's Church, Covent Garden and a Trustee of Iris Theatre.

During the year, St. Paul's Church, Covent Garden was paid £8000 for hire as a venue.

During the year, Iris Theatre also purchased assets totalling £729 on behalf of St. Paul's Church, Covent Garden. These assets were reimbursed by the church at cost; £619 during the year, and £110 after the year end. As a consequence £110 is recorded within debtors.