Tempo Burnley Limited Filleted accounts for Companies House (small and micro)

TEMPO BURNLEY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 13527334

Tempo Burnley Limited

Filleted Unaudited Accounts

31 July 2023

Tempo Burnley Limited

Statement of Financial Position

31 July 2023

	2023	2022
Note	£	£

Current assets

Stocks		3,758,016	564,955
Debtors	4	410,975	100
Cash at bank and in hand		63	5,545
		------------	---------
		4,169,054	570,600

Creditors: amounts falling due within one year	5	4,168,954	570,500
		------------	---------
Net current assets		100	100
		----	----
Total assets less current liabilities		100	100
		----	----
Net assets		100	100
		----	----

Capital and reserves

Called up share capital	100	100
	----	----
Shareholders funds	100	100
	----	----

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

These accounts were approved by the board of directors and authorised for issue on 29 April 2024 , and are signed on behalf of the board by:

P M Tempest
Director

Company registration number: 13527334

Tempo Burnley Limited

Notes to the Accounts

Year ended 31 July 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Workshop, 1 Ecclesall Road South, Sheffield, South Yorkshire, S11 9PA.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a)No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments policy nt. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Debtors

	2023	2022
	£	£
Other debtors	410,975	100
	---------	----

5. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	410,855	–
Other creditors	3,758,099	570,500
	------------	---------
	4,168,954	570,500
	------------	---------

6. Related party transactions

During the year no related-party transactions took place. All transactions related to the production of the film "Bank of Dave" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102

7. Controlling party

The company was under the control of the directors throughout the period.