2022-01-022023-01-012023-01-01false10432070THE RUM FESTIVAL LTD2023-09-27iso4217:GBPxbrli:pure104320702022-01-02104320702023-01-01104320702022-01-022023-01-01104320702021-01-02104320702022-01-01104320702021-01-022022-01-0110432070bus:SmallEntities2022-01-022023-01-0110432070bus:AuditExempt-NoAccountantsReport2022-01-022023-01-0110432070bus:FullAccounts2022-01-022023-01-0110432070bus:PrivateLimitedCompanyLtd2022-01-022023-01-0110432070core:WithinOneYear2023-01-0110432070core:AfterOneYear2023-01-0110432070core:WithinOneYear2022-01-0110432070core:AfterOneYear2022-01-0110432070core:ShareCapital2023-01-0110432070core:SharePremium2023-01-0110432070core:RevaluationReserve2023-01-0110432070core:OtherReservesSubtotal2023-01-0110432070core:RetainedEarningsAccumulatedLosses2023-01-0110432070core:ShareCapital2022-01-0110432070core:SharePremium2022-01-0110432070core:RevaluationReserve2022-01-0110432070core:OtherReservesSubtotal2022-01-0110432070core:RetainedEarningsAccumulatedLosses2022-01-0110432070core:LandBuildings2023-01-0110432070core:PlantMachinery2023-01-0110432070core:Vehicles2023-01-0110432070core:FurnitureFittings2023-01-0110432070core:OfficeEquipment2023-01-0110432070core:NetGoodwill2023-01-0110432070core:IntangibleAssetsOtherThanGoodwill2023-01-0110432070core:ListedExchangeTraded2023-01-0110432070core:UnlistedNon-exchangeTraded2023-01-0110432070core:LandBuildings2022-01-0110432070core:PlantMachinery2022-01-0110432070core:Vehicles2022-01-0110432070core:FurnitureFittings2022-01-0110432070core:OfficeEquipment2022-01-0110432070core:NetGoodwill2022-01-0110432070core:IntangibleAssetsOtherThanGoodwill2022-01-0110432070core:ListedExchangeTraded2022-01-0110432070core:UnlistedNon-exchangeTraded2022-01-0110432070core:LandBuildings2022-01-022023-01-0110432070core:PlantMachinery2022-01-022023-01-0110432070core:Vehicles2022-01-022023-01-0110432070core:FurnitureFittings2022-01-022023-01-0110432070core:OfficeEquipment2022-01-022023-01-0110432070core:NetGoodwill2022-01-022023-01-0110432070core:IntangibleAssetsOtherThanGoodwill2022-01-022023-01-0110432070core:ListedExchangeTraded2022-01-022023-01-0110432070core:UnlistedNon-exchangeTraded2022-01-022023-01-0110432070core:MoreThanFiveYears2022-01-022023-01-0110432070core:Non-currentFinancialInstruments2023-01-0110432070core:Non-currentFinancialInstruments2022-01-0110432070dpl:CostSales2022-01-022023-01-0110432070dpl:DistributionCosts2022-01-022023-01-0110432070dpl:AdministrativeExpenses2022-01-022023-01-0110432070core:LandBuildings2022-01-022023-01-0110432070core:PlantMachinery2022-01-022023-01-0110432070core:Vehicles2022-01-022023-01-0110432070core:FurnitureFittings2022-01-022023-01-0110432070core:OfficeEquipment2022-01-022023-01-0110432070core:NetGoodwill2022-01-022023-01-0110432070core:IntangibleAssetsOtherThanGoodwill2022-01-022023-01-0110432070dpl:GroupUndertakings2022-01-022023-01-0110432070dpl:ParticipatingInterests2022-01-022023-01-0110432070dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-022023-01-0110432070core:ListedExchangeTraded2022-01-022023-01-0110432070dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-022023-01-0110432070core:UnlistedNon-exchangeTraded2022-01-022023-01-0110432070dpl:CostSales2021-01-022022-01-0110432070dpl:DistributionCosts2021-01-022022-01-0110432070dpl:AdministrativeExpenses2021-01-022022-01-0110432070core:LandBuildings2021-01-022022-01-0110432070core:PlantMachinery2021-01-022022-01-0110432070core:Vehicles2021-01-022022-01-0110432070core:FurnitureFittings2021-01-022022-01-0110432070core:OfficeEquipment2021-01-022022-01-0110432070core:NetGoodwill2021-01-022022-01-0110432070core:IntangibleAssetsOtherThanGoodwill2021-01-022022-01-0110432070dpl:GroupUndertakings2021-01-022022-01-0110432070dpl:ParticipatingInterests2021-01-022022-01-0110432070dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-022022-01-0110432070core:ListedExchangeTraded2021-01-022022-01-0110432070dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-022022-01-0110432070core:UnlistedNon-exchangeTraded2021-01-022022-01-0110432070core:NetGoodwill2023-01-0110432070core:IntangibleAssetsOtherThanGoodwill2023-01-0110432070core:LandBuildings2023-01-0110432070core:PlantMachinery2023-01-0110432070core:Vehicles2023-01-0110432070core:FurnitureFittings2023-01-0110432070core:OfficeEquipment2023-01-0110432070core:AfterOneYear2023-01-0110432070core:WithinOneYear2023-01-0110432070core:ListedExchangeTraded2023-01-0110432070core:UnlistedNon-exchangeTraded2023-01-0110432070core:ShareCapital2023-01-0110432070core:SharePremium2023-01-0110432070core:RevaluationReserve2023-01-0110432070core:OtherReservesSubtotal2023-01-0110432070core:RetainedEarningsAccumulatedLosses2023-01-0110432070core:NetGoodwill2022-01-0110432070core:IntangibleAssetsOtherThanGoodwill2022-01-0110432070core:LandBuildings2022-01-0110432070core:PlantMachinery2022-01-0110432070core:Vehicles2022-01-0110432070core:FurnitureFittings2022-01-0110432070core:OfficeEquipment2022-01-0110432070core:AfterOneYear2022-01-0110432070core:WithinOneYear2022-01-0110432070core:ListedExchange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THE RUM FESTIVAL LTD

Registered Number
10432070
(England and Wales)

Unaudited Financial Statements for the Year ended
1 January 2023

THE RUM FESTIVAL LTD
Company Information
for the year from 2 January 2022 to 1 January 2023

Director

DOUGLAS, Lucy Rebecca

Registered Address

Honeysuckle Cottage Olley Road
West Runton
Cromer
NR27 9QN

Registered Number

10432070 (England and Wales)
THE RUM FESTIVAL LTD
Balance Sheet as at
1 January 2023

Notes

2023

2022

£

£

£

£

Current assets
Stocks61,8421,842
Debtors74,30017,953
Cash at bank and on hand12,7001,618
18,84221,413
Creditors amounts falling due within one year8(40,483)(60,386)
Net current assets (liabilities)(21,641)(38,973)
Total assets less current liabilities(21,641)(38,973)
Net assets(21,641)(38,973)
Capital and reserves
Called up share capital11
Profit and loss account(21,642)(38,974)
Shareholders' funds(21,641)(38,973)
The financial statements were approved and authorised for issue by the Director on 27 September 2023, and are signed on its behalf by:
DOUGLAS, Lucy Rebecca
Director
Registered Company No. 10432070
THE RUM FESTIVAL LTD
Notes to the Financial Statements
for the year ended 1 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is hosting events and providing staff for events.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year11
6.Stocks

2023

2022

££
Finished goods1,8421,842
Total1,8421,842
7.Debtors

2023

2022

££
Trade debtors / trade receivables-13,653
Prepayments and accrued income4,3004,300
Total4,30017,953
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables99
Bank borrowings and overdrafts13,78655,100
Taxation and social security26,6885,277
Total40,48360,386
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.