Arts Fresco Events Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08688524 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Arts Fresco Events Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Berridge

Dr S Hill

Mrs N B Thomas

N G Kitson

SECRETARY:

Dr S Hill

REGISTERED OFFICE:

21 The Point

Rockingham Road

Market Harborough

Leicestershire

LE16 7NU

REGISTERED NUMBER:

08688524 (England and Wales)

ACCOUNTANTS:

Edward Thomas Peirson & Sons

Chartered Accountants

21 The Point

Rockingham Road

Market Harborough

Leicestershire

LE16 7NU

CURRENT ASSETS

Debtors

4

106

-

Cash at bank

170

471

276

471

CREDITORS

Amounts falling due within one year

5

582

371

NET CURRENT (LIABILITIES)/ASSETS

(306

)

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

(306

)

100

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

(406

)

-

SHAREHOLDERS' FUNDS

(306

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 23 December 2019 and were signed on its behalf
by:

D R Berridge - Director

1.	STATUTORY INFORMATION

Arts Fresco Events 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.

The accounts have been prepared on the going concern basis notwithstanding the fact that at the balance sheet

date there are net liabilities. The main creditor is the parent company who will ensure that the company

continues to operate for the foreseeable future.

Turnover

Turnover represents amounts received from the company's parent undertaking for staging the Arts Fresco street

theatre festival, excluding value added tax.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

VAT

63

-

Prepayments

43

-

106

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Amounts owed to group undertakings

582

278

VAT

-

93

582

371

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

100

Ordinary

1

100

7.	RELATED PARTY DISCLOSURES

Arts Fresco Limited a charitable company, which is the company's parent undertaking, did not award a grant to the company this year (2018: £42,000) as no street theatre festival (known as Arts Fresco) was organised. The company is, in accordance with its Articles of Association, obliged to pay any surplus distributable profits that it made during the year to its parent undertaking under Gift Aid, but this year has made a loss (2018:surplus £243). In addition, during the year the parent company paid, on behalf of its subsidiary, expenses of £303. As a result of these transactions and the balance of the loan brought forward the start of the year, the company owed its parent undertaking £582 at 31 March 2019 (2018: £278) .

Arts Fresco Events Ltd - Accounts to registrar (filleted) - small 18.2

Arts Fresco Events Ltd - Accounts to registrar (filleted) - small 18.2