Contents of the Financial Statements

for the Period Ended 31 August 2019

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 August 2019

The directors present their report with the financial statements of the company for the period ended 31 August 2019

Directors

The directors shown below have held office during the whole of the period from
27 August 2018 to 31 August 2019

Lady Heywood
Ian Taylor
Alex Beard
Mindy Kilby

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 December 2020

And signed on behalf of the board by:
Name: Lady Heywood
Status: Director

Profit And Loss Account

for the Period Ended 31 August 2019

	2019	2018
	£	£
Turnover:	20,230,000	17,932,000
Cost of sales:	( 14,307,000 )	( 12,552,000 )
Gross profit(or loss):	5,923,000	5,380,000
Administrative expenses:	( 1,374,000 )	( 1,323,000 )
Other operating income:	2,257,000
Operating profit(or loss):	6,806,000	4,057,000
Interest payable and similar charges:	( 31,000 )	( 32,000 )
Profit(or loss) before tax:	6,775,000	4,025,000
Profit(or loss) for the financial year:	6,775,000	4,025,000

Balance sheet

As at 31 August 2019

	Notes	2019	2018
		£	£
Fixed assets
Intangible assets:	3	0	171,000
Total fixed assets:		0	171,000
Current assets
Stocks:	4	303,000	580,000
Debtors:	5	3,986,000	2,926,000
Cash at bank and in hand:		539,000	413,000
Total current assets:		4,828,000	3,919,000
Creditors: amounts falling due within one year:	6	( 3,852,000 )	( 2,914,000 )
Net current assets (liabilities):		976,000	1,005,000
Total assets less current liabilities:		976,000	1,176,000
Creditors: amounts falling due after more than one year:	7	( 800,000 )	( 1,000,000 )
Total net assets (liabilities):		176,000	176,000
Capital and reserves
Called up share capital:		126,000	126,000
Profit and loss account:		50,000	50,000
Total Shareholders' funds:		176,000	176,000

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 August 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 August 2019

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents the amounts derived from catering activities, multimedia production and distribution, sponsorship, venue hire, retail sales, concerts, advertising, licensing and other income. Revenue from venue hire, production sponsorship and concerts is recognised on the day of the event. Other commercial turnover is recognised when services are provided or for the sale of goods, when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will be realised and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from the sale of goods is measured at fair value after making provision in respect of future returns of goods and services supplied by the company prior to the balance sheet date. Income is deferred only to the extent that contractual obligations have not been met at period end. The turnover and profit before tax is attributable to the principal activity of the company and arose in the United Kingdom

  Tangible fixed assets depreciation policy

  Tangible fixed assetsTangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at annual rates on a straight-line basis to write off the cost of tangible fixed assets over their estimated useful lives.

  Other accounting policies

  The financial statements have been prepared in accordance with the FRS102 accounting standard. There are no material departures from that standard in these financial statements and the triennial review for gift aid has been adopted. The financial statements have been prepared on the going concern basis, and the directors believe that the company will continue in operational existence for the foreseeable future.

Notes to the Financial Statements

for the Period Ended 31 August 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	31	34