Comedy Festivals Limited - Accounts to registrar (filleted) - small 18.2
Comedy Festivals Limited - Accounts to registrar (filleted) - small 18.2
COMEDY FESTIVALS LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST OCTOBER 2018 TO 31ST MARCH 2020 |
COMEDY FESTIVALS LIMITED (REGISTERED NUMBER: 09200130) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST OCTOBER 2018 TO 31ST MARCH 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
COMEDY FESTIVALS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1ST OCTOBER 2018 TO 31ST MARCH 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Venture House |
The Tanneries |
East Street |
Titchfield |
Hampshire |
PO14 4AR |
COMEDY FESTIVALS LIMITED (REGISTERED NUMBER: 09200130) |
BALANCE SHEET |
31ST MARCH 2020 |
2020 | 2018 |
£ | £ |
CURRENT ASSETS |
Cash at bank |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
COMEDY FESTIVALS LIMITED (REGISTERED NUMBER: 09200130) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST OCTOBER 2018 TO 31ST MARCH 2020 |
1. | STATUTORY INFORMATION |
Comedy Festivals Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Basic financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised when the company becomes party to the contractual provisions of the |
instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there |
is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis |
or to realise the asset and settle the liability simultaneously. |
The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, |
trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items |
approximates their carrying value due to their short term value. Unless otherwise noted, the company is not |
exposed to significant interest, foreign exchange or credit risks arising from these instruments. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2018 - NIL). |