Page One Artists Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10138285 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Page One Artists Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P D H Baylay

J E Gallimore

REGISTERED OFFICE:

Elm House

10-16 Elm Street

London

WC1X 0BJ

REGISTERED NUMBER:

10138285 (England and Wales)

CURRENT ASSETS

Debtors

5

5,882

18,206

Cash at bank

62,929

68,510

68,811

86,716

CREDITORS

Amounts falling due within one year

6

21,355

120,071

NET CURRENT ASSETS/(LIABILITIES)

47,456

(33,355

)

TOTAL ASSETS LESS CURRENT LIABILITIES

47,456

(33,355

)

CREDITORS

Amounts falling due after more than one year

7

50,000

-

NET LIABILITIES

(2,544

)

(33,355

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(2,546

)

(33,357

)

SHAREHOLDERS' FUNDS

(2,544

)

(33,355

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2022 and were signed on its behalf by:

P D H Baylay - Director

J E Gallimore - Director

1.	STATUTORY INFORMATION

Page One Artists Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1A "Small Entitles" and the Companies Act 2006. The Financial Statements have been prepared under the historical cost convention.

As at 31st March 2021, the company was dependent on continued financial support from its other creditors. The directors confirm that this support will continue for at least 12 months following the date of approval of these accounts, therefore they consider it appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

729

DEPRECIATION

At 1 April 2020

and 31 March 2021

729

NET BOOK VALUE

At 31 March 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

219

18,206

Prepayments and accrued income

5,663

-

5,882

18,206

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

31

-

Trade creditors

1,440

25,059

Taxation and social security

11,193

14,007

Other creditors

8,691

81,005

21,355

120,071

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

50,000

-