Contents of the Financial Statements

for the Period Ended 31 March 2022

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

Directors' report period ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Directors

The directors shown below have held office during the whole of the period from
1 April 2021 to 31 March 2022

Joseph Burns
Bronwen Maddox
Hannah White

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
22 September 2022

And signed on behalf of the board by:
Name: Joseph Burns
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2022

	2022	2021
	£	£
Turnover:	300	0
Cost of sales:	0	0
Gross profit(or loss):	300	0
Distribution costs:	0	0
Administrative expenses:	( 660 )	( 1,646 )
Other operating income:	0	0
Operating profit(or loss):	(360)	(1,646)
Interest receivable and similar income:	0	0
Interest payable and similar charges:	0	0
Profit(or loss) before tax:	(360)	(1,646)
Tax:	0	0
Profit(or loss) for the financial year:	(360)	(1,646)

Balance sheet

As at 31 March 2022

	Notes	2022	2021
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:		0	0
Investments:		0	0
Total fixed assets:		0	0
Current assets
Stocks:		0	0
Debtors:	3	20	20
Cash at bank and in hand:		88,922	89,332
Investments:		0	0
Total current assets:		88,942	89,352
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	4	( 90,848 )	( 90,898 )
Net current assets (liabilities):		(1,906)	(1,546)
Total assets less current liabilities:		(1,906)	( 1,546)
Creditors: amounts falling due after more than one year:		0	0
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		(1,906)	(1,546)
Capital and reserves
Called up share capital:		100	100
Share premium account:		0	0
Other reserves:		0	0
Profit and loss account:		(2,006 )	(1,646 )
Total Shareholders' funds:		( 1,906 )	(1,546)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2022 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 March 2022

• 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

  The turnover and profit before gift aid and taxation is attributable to income from events and room hire at 2 Carlton Gardens. Turnover arises solely from within the United Kingdom. Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

  Other accounting policies

  IFG Enterprises Limited has financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. Financial liabilities held at amortised cost would include loans.

Notes to the Financial Statements

for the Period Ended 31 March 2022

• 2. Employees

  	2022	2021
  Average number of employees during the period	0	0