Tewkesbury Medieval Festival - Period Ending 2019-12-31
Tewkesbury Medieval Festival - Period Ending 2019-12-31
Registration number:
Tewkesbury Medieval Festival
for the Year Ended 31 December 2019
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB
Tewkesbury Medieval Festival
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Tewkesbury Medieval Festival
Company Information
Directors |
Mr C German Mr D J Vaughan Mrs A J Thomas Mrs D M German Ms G A Liddy Mr P J Pembridge Mrs P Tubbs Mrs P A Clatworthy |
Company secretary |
Mrs A J Thomas |
Registered office |
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Accountants |
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Page 1 |
Tewkesbury Medieval Festival
(Registration number: 05190289)
Abridged Balance Sheet as at 31 December 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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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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Prepayments and accrued income |
- |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
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( |
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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 December 2019 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.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Page 2 |
Tewkesbury Medieval Festival
(Registration number: 05190289)
Abridged Balance Sheet as at 31 December 2019
Approved and authorised by the
.........................................
Director
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Director
Page 3 |
Tewkesbury Medieval Festival
Notes to the Abridged Financial Statements for the Year Ended 31 December 2019
General information |
The company is a private company limited by share capital, incorporated in Other.
The address of its registered office is:
The principal place of business is:
1 Manns Court
High Street
Tewkesbury
Gloucestershire
GL20 5BP
These financial statements were authorised for issue by the
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 abridged 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 abridged 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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Page 4 |
Tewkesbury Medieval Festival
Notes to the Abridged Financial Statements for the Year Ended 31 December 2019
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
10% Straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
The company is registered under the Companies Act 2006 as a company limited by guarantee. The company has claimed exemption under section 62 from using the word "limited" in its name. The members of the company are the directors set out on page 1, and in the event of being wound up the liability under the guarantee is limited to £10 per member of the company.
Page 5 |
Tewkesbury Medieval Festival
Notes to the Abridged Financial Statements for the Year Ended 31 December 2019
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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Additions |
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At 31 December 2019 |
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Depreciation |
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Charge for the year |
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At 31 December 2019 |
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Carrying amount |
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At 31 December 2019 |
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Page 6 |