PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10653465 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

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

Principal activities of the company

The company's principal activities during the year continued to be performing arts and artistic creation.

Additional information

Small company provisionsThis report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Directors

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

Martin Goldschmidt
Sarah Williams


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
7 June 2023

And signed on behalf of the board by:
Name: Martin Goldschmidt
Status: Director

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 11,294 400
Cost of sales: ( 3,273 ) 0
Gross profit(or loss): 8,021 400
Administrative expenses: ( 8,019 ) ( 1,342 )
Operating profit(or loss): 2 (942)
Profit(or loss) before tax: 2 (942)
Profit(or loss) for the financial year: 2 (942)

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 31,341 6,468
Total current assets: 31,341 6,468
Creditors: amounts falling due within one year: 3 ( 25,291 ) ( 420 )
Net current assets (liabilities): 6,050 6,048
Total assets less current liabilities: 6,050 6,048
Total net assets (liabilities): 6,050 6,048
Members' funds
Profit and loss account: 6,050 6,048
Total members' funds: 6,050 6,048

The notes form part of these financial statements

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

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.

This report was approved by the board of directors on 7 June 2023
and signed on behalf of the board by:

Name: Martin Goldschmidt
Status: Director

The notes form part of these financial statements

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

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

    Turnover is measured at the fair value of the consideration received or receivable, net of discountsand value added taxes. Turnover includes revenue earned from the sale of goods and from therendering of services. Turnover from the sale of goods is recognised when the significant risks andrewards of ownership of the goods have transferred to the buyer. Turnover from the rendering ofservices is recognised by reference to the stage of completion of the contract. The stage ofcompletion of a contract is measured by comparing the costs incurred for work performed to dateto the total estimated contract costs.

    Other accounting policies

    DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less anyimpairment losses for bad and doubtful debts. Loans and other financial assets are initiallyrecognised at transaction price including any transaction costs and subsequently measured atamortised cost determined using the effective interest method, less any impairment losses for badand doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loansand other financial liabilities are initially recognised at transaction price net of any transaction costsand subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and pastperiods. A current tax asset is recognised in respect of a tax loss that can be carried back torecover tax paid in a previous period. Deferred tax is recognised in respect of all timing differencesbetween the recognition of income and expenses in the financial statements and their inclusion intax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to theextent that it is probable that they will be recovered against the reversal of deferred tax liabilities orother future taxable profits. Deferred tax is measured using the tax rates and laws that have beenenacted or substantively enacted by the reporting date and that are expected to apply to thereversal of the timing difference, except for revalued land and investment property where the taxrate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities arenot discounted.

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

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

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 25,291 420
Total 25,291 420

COMMUNITY INTEREST ANNUAL REPORT

PALESTINE MUSIC EXPO (UK) COMMUNITY INTEREST COMPANY

Company Number: 10653465 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

PMX organised the first song writing camp with international and Palestinian songwriters in the Westbank.

Consultation with stakeholders

Regular online meetings with the PMX management committee to discuss the organised the song writing camp.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 October 2023

And signed on behalf of the board by:
Name: Martin Goldschmidt
Status: Director