Contents of the Financial Statements

for the Period Ended 31 March 2023

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

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Sherrie Eugene-Hart
Philip Vickery
Jeremy Cowhig
Michael Macmahon

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
28 December 2023

And signed on behalf of the board by:
Name: Sherrie Eugene-Hart
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2023

	2023	2022
	£	£
Turnover:	151,621	89,313
Cost of sales:	( 2,357 )	( 1,357 )
Gross profit(or loss):	149,264	87,956
Administrative expenses:	( 161,708 )	( 76,980 )
Operating profit(or loss):	(12,444)	10,976
Profit(or loss) before tax:	(12,444)	10,976
Profit(or loss) for the financial year:	(12,444)	10,976

Balance sheet

As at 31 March 2023

	Notes	2023	2022
		£	£
Fixed assets
Tangible assets:	3	1,466	0
Total fixed assets:		1,466	0
Current assets
Cash at bank and in hand:		11,856	25,261
Total current assets:		11,856	25,261
Creditors: amounts falling due within one year:	4	( 1,224 )	( 719 )
Net current assets (liabilities):		10,632	24,542
Total assets less current liabilities:		12,098	24,542
Total net assets (liabilities):		12,098	24,542
Members' funds
Profit and loss account:		12,098	24,542
Total members' funds:		12,098	24,542

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2023 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 2023

• 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

  All income is recognised once the charity has entitlement to that income, it is probably that the income will be received and the amount of income receivable can be measured reliablyDonations are recognised when the Charity has been notified in writing of both the amount and the settlement date.Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.Income from grants, whether capital or revenue grants, is recognised when the charity has entitlement to the funds.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives on the following basis. Studio Equipment 25 percent straight line Office Equipment 25 percent per annum. Main assets which are studio and office Equipment 4 years.

  Intangible fixed assets amortisation policy

  Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

  Other accounting policies

  Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity that expenditure, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.All expenditure is accounted for on an accrual’s basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Notes to the Financial Statements

for the Period Ended 31 March 2023

• 2. Employees

  	2023	2022
  Average number of employees during the period	0	0