SP Theatre Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13595659 (England and Wales)

Unaudited Financial Statements

for the Period

1 September 2021 to 31 December 2022

for

SP Theatre Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Wilson

J R D Church

REGISTERED OFFICE:

1 Gemini Court, 42a Throwley Way

Sutton

United Kingdom

SM1 4AF

REGISTERED NUMBER:

13595659 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

1 Gemini Court

42a Throwley Way

Sutton

Surrey

SM1 4AF

FIXED ASSETS

Property, plant and equipment

4

202,842

CURRENT ASSETS

Debtors

5

1,030,049

Cash at bank

25,853

1,055,902

CREDITORS

Amounts falling due within one year

6

426,713

NET CURRENT ASSETS

629,189

TOTAL ASSETS LESS CURRENT LIABILITIES

832,031

CREDITORS

Amounts falling due after more than one year

7

1,559,682

NET LIABILITIES

(727,651

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(727,751

)

SHAREHOLDERS' FUNDS

(727,651

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2023 and were signed on its behalf by:

J Wilson - Director

1.	STATUTORY INFORMATION

SP Theatre Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Props & Set

-

25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 .

4.	PROPERTY, PLANT AND EQUIPMENT

Props &

Set

£

COST

Additions

270,456

At 31 December 2022

270,456

DEPRECIATION

Charge for period

67,614

At 31 December 2022

67,614

NET BOOK VALUE

At 31 December 2022

202,842

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

500

Other debtors

1,029,549

1,030,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

13,702

Trade creditors

180,290

Taxation and social security

115,188

Other creditors

117,533

426,713

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

59,682

Other creditors

1,500,000

1,559,682

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

9.	GOING CONCERN

The directors are aware of their responsibilities whilst continuing to trade while insolvent.

Creditor balances totalling £1,500,000 are due to investors and will not be repaid until the company returns to a solvent position.