Musical Theatre Network Limited - Period Ending 2018-03-31
Musical Theatre Network Limited - Period Ending 2018-03-31
Registration number:
Year Ended
Musical Theatre Network Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Musical Theatre Network Limited
Company Information
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Directors |
Z E M Simpson A Subramaniam N Foster J Myers S M Mclean Robinson P H Rowe R J Povey S Culshaw |
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Registered office |
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Musical Theatre Network Limited
(Registration number: 06855097)
Balance Sheet as at 31 March 2018
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2018 |
2017 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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A Subramaniam
Director
Musical Theatre Network Limited
Notes to the Financial Statements
Year Ended 31 March 2018
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General information |
The company is a company limited by guarantee incorporated in England.
The address of its registered office is:
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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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
Revenue recognition
Revenue comprises grants, donations and membership fees.
Grants are recognised when the company has entitlement to the funds and any performance conditions attached to the grants have been met.
Donations are recognised when the company has entitlement to the income, there is reasonable assurance of receipt and the amount of income can be measured reliably.
Membership fees are recognised in the periods covered by the membership.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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Staff numbers |
The average number of persons employed by the company during the year was
Musical Theatre Network Limited
Notes to the Financial Statements
Year Ended 31 March 2018
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Debtors |
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2018 |
2017 |
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Other debtors |
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Creditors |
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2018 |
2017 |
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Due within one year |
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Other creditors |
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Related party transactions |
Key management personnel
During the year, one of the directors, Jodi Myers, was paid professional fees of £2,500 (2017- £2,500) for services provided to the company. At the balance sheet date, the amount due to directors was £nil (2017- £nil).