Contents of the Financial Statements

for the Period Ended 31 December 2021

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

Directors' report period ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Directors

The director shown below has held office during the whole of the period from
1 January 2021 to 31 December 2021

Robert McElroy

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
21 June 2022

And signed on behalf of the board by:
Name: Robert McElroy
Status: Secretary

Profit And Loss Account

for the Period Ended 31 December 2021

	2021	2020
	£	£
Turnover:	29,234	20,446
Cost of sales:	( 169,370 )	( 220,577 )
Gross profit(or loss):	(140,136)	(200,131)
Administrative expenses:	( 15,856 )	( 8,722 )
Other operating income:	106,672	0
Operating profit(or loss):	(49,320)	(208,853)
Interest receivable and similar income:	9,283	3,253
Interest payable and similar charges:	0	( 150 )
Profit(or loss) before tax:	(40,037)	(205,750)
Tax:	7,151	39,092
Profit(or loss) for the financial year:	(32,886)	(166,658)

Balance sheet

As at 31 December 2021

	Notes	2021	2020
		£	£
Fixed assets
Tangible assets:	3	7,198	10,800
Total fixed assets:		7,198	10,800
Current assets
Debtors:	4	1,707,182	1,115,543
Cash at bank and in hand:		7,324	170,452
Total current assets:		1,714,506	1,285,995
Creditors: amounts falling due within one year:	5	( 1,867,768 )	( 1,409,973 )
Net current assets (liabilities):		(153,262)	(123,978)
Total assets less current liabilities:		(146,064)	( 113,178)
Total net assets (liabilities):		(146,064)	(113,178)
Capital and reserves
Called up share capital:		4,766	4,766
Profit and loss account:		(150,830 )	(117,944 )
Total Shareholders' funds:		( 146,064 )	(113,178)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2021 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 December 2021

• 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 income and amounts derived from ticket sales and other related services provided during the year,excluding VAT, and is recognised on the date of the festival or, in respect of cash based sales, on the date that cash is received

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment lossees

  Valuation information and policy

  The directors may make judgements in the application of the accounting policies above that have a significant impact on theamounts recognised, and may make estimates and assumptions about the carrying amounts of assets and liabilities that are notreadily apparent from other sources. The estimates and associated assumptions are based on historical experience and otherfactors that are considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognisedin the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and futureperiods if the revision affects both current and future periods.The directors have concluded there are no critical judgements and no key sources of estimation uncertainty to disclose.

  Other accounting policies

  Trade Debtors, Trade Creditors, Cash, Financial Assets, Taxation, Interest Rec & Payable, Foreign Currencies

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	0	0