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Company Registration No. 12530484 (England and Wales)
POETS AND PUNKS LTD Unaudited accounts for the year ended 31 March 2023
POETS AND PUNKS LTD Unaudited accounts Contents
Page
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POETS AND PUNKS LTD Company Information for the year ended 31 March 2023
Director
Miss SUNHEE OH
Company Number
12530484 (England and Wales)
Registered Office
Flat 153 Carysfort Road London N16 9AD England
Accountants
FURUICHOI & CO Chartered Accountants 69 Station Road Hampton Greater London TW12 2BT
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POETS AND PUNKS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,773 
3,081 
Current assets
Debtors
- 
317 
Cash at bank and in hand
48 
1,031 
48 
1,348 
Creditors: amounts falling due within one year
(3,344)
(1,905)
Net current liabilities
(3,296)
(557)
Total assets less current liabilities
(523)
2,524 
Creditors: amounts falling due after more than one year
(107,600)
(107,600)
Net liabilities
(108,123)
(105,076)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(108,223)
(105,176)
Shareholders' funds
(108,123)
(105,076)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2023 and were signed on its behalf by
Miss SUNHEE OH Director Company Registration No. 12530484
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POETS AND PUNKS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
POETS AND PUNKS LTD is a private company, limited by shares, registered in England and Wales, registration number 12530484. The registered office is Flat 153, Carysfort Road, London, N16 9AD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% reducing balance
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
3,423 
At 31 March 2023
3,423 
Depreciation
At 1 April 2022
342 
Charge for the year
308 
At 31 March 2023
650 
Net book value
At 31 March 2023
2,773 
At 31 March 2022
3,081 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
317 
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POETS AND PUNKS LTD Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,444 
905 
Loans from directors
1,900 
1,000 
3,344 
1,905 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
107,600 
107,600 
The parent entity in South Korea has funded GBP 68,600 for the period ended 31 March 2021 and GBP 39,000 for the year ended 31 March 2022, totalling GBP 107,600.
8
Controlling party
By virtue of its relevant legal entity's 100% shareholding the immediate parent undertaking is EDIT CO. LTD, a business incorporated in South Korea.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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