Frankfurt Christmas Market Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08671573 (England)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Frankfurt Christmas Market Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Loewenthal

M Loewenthal

REGISTERED OFFICE:

41 Church Street

Birmingham

B3 2RT

REGISTERED NUMBER:

08671573 (England)

ACCOUNTANTS:

Tuerner & Co Ltd

Chartered Accountants

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

FIXED ASSETS

Tangible assets

5

18,558

24,913

CURRENT ASSETS

Debtors

6

102,150

289,675

Cash at bank and in hand

347,916

66,990

450,066

356,665

CREDITORS

Amounts falling due within one year

7

99,605

74,978

NET CURRENT ASSETS

350,461

281,687

TOTAL ASSETS LESS CURRENT LIABILITIES

369,019

306,600

CREDITORS

Amounts falling due after more than one year

8

(34,167

)

(44,167

)

PROVISIONS FOR LIABILITIES

(3,527

)

(4,735

)

NET ASSETS

331,325

257,698

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

331,324

257,697

SHAREHOLDERS' FUNDS

331,325

257,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 25 March 2023 and were signed on its behalf by:

N Loewenthal - Director

1.	STATUTORY INFORMATION

Frankfurt Christmas Market Ltd is a private company, limited by shares , registered in England. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is recognised net of VAT at the time of fulfilment of contractual obligation to provide services. Where any contractual obligations have not been fulfilled at the end of the period, revenue related to these obligations is deferred into later accounting periods.

Tangible fixed assets

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

Plant and machinery 15%/25% straight line.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

96,140

DEPRECIATION

At 1 April 2021

71,227

Charge for year

6,355

At 31 March 2022

77,582

NET BOOK VALUE

At 31 March 2022

18,558

At 31 March 2021

24,913

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

88,004

176,184

Other debtors

14,146

113,491

102,150

289,675

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

10,000

5,833

Trade creditors

2,219

2,340

Amounts owed to group undertakings

241

241

Taxation and social security

56,165

4,239

Other creditors

30,980

62,325

99,605

74,978

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

34,167

44,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,167

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.22

31.3.21

£

£

Within one year

19,800

13,125

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

1

Ordinary

1

1

1

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

M Loewenthal

Balance outstanding at start of year

-

3,613

Amounts repaid

-

(3,613

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

No interest is charged on director's advances. The advances were repayable on demand