ACCOUNTS - Final Accounts

THE MARRYAT PLAYERS LIMITED - Company Information

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Registered number: 05451178

The Marryat Players Limited

Unaudited

Financial statements

For the Year Ended 31 August 2019

The Marryat Players Limited

Registered number: 05451178

Balance Sheet

As at 31 August 2019

		2019		2018
Note		£		£


Current assets
Cash at bank and in hand	4	10,946		7,022
		10,946		7,022
Creditors: amounts falling due within one year	5	(6,100)		(2,541)
Net current assets			4,846		4,481
Total assets less current liabilities			4,846		4,481

Net assets			4,846		4,481

Capital and reserves
Called up share capital	100	100
Profit and loss account	4,746	4,381
	4,846	4,481

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mrs Margaret Ann Lewisohn

Director

Date: 18 February 2020

The notes on pages 2 to 3 form part of these financial statements.

Page 1

The Marryat Players Limited

Notes to the Financial Statements

For the Year Ended 31 August 2019

1.	General information

The company is limited by shares and incorporated in the United Kingdom, company registration number 05451178. The address of the registered office is: 2nd Floor, Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG.
The principal activity of the company throughout the year under review was music education by the arrangement of youth orchestra concerts and professional concerts.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover represents donations, ticket sales and fees receivable for the period, in respect of the provision of youth orchestra concerts, professional concerts and events.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

Employees

Whilst the Company does not have any employees, it does have a board of Directors which represent the Company in a statutory capacity.

Page 2

The Marryat Players Limited

Notes to the Financial Statements

For the Year Ended 31 August 2019

4.	Cash and cash equivalents
		2019	2018
		£	£

Cash at bank and in hand	10,946	7,022
	10,946	7,022

5.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Other creditors	5,200	1,700
Accruals and deferred income	900	841
	6,100	2,541

Related party transactions

In June 2017, one of the Directors loaned the Company a total of £1,700. The amount of £1,700 was still due to the Director at the year end (2018: £1,700).
During the year, another Director loaned the Company a total of £3,500. The amount of £3,500 was still due to the Director at the year end (2018: £Nil).
Additionally, turnover for the period includes a donation of £3,500 (2018: £6,000) by one of the Directors.

Page 3