REGENCY PERFORMANCE ARTS C.I.C.

Company limited by guarantee

Company Registration Number:
10187339 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

REGENCY PERFORMANCE ARTS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2023

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

REGENCY PERFORMANCE ARTS C.I.C.

Directors' report period ended 31 May 2023

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

Directors

The director shown below has held office during the whole of the period from
1 June 2022 to 31 May 2023

Zahra Tarjomani


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
22 February 2024

And signed on behalf of the board by:
Name: Zahra Tarjomani
Status: Director

REGENCY PERFORMANCE ARTS C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 69,646 63,091
Cost of sales: ( 34,033 ) ( 10,810 )
Gross profit(or loss): 35,613 52,281
Administrative expenses: ( 42,694 ) ( 57,018 )
Operating profit(or loss): (7,081) (4,737)
Profit(or loss) before tax: (7,081) (4,737)
Profit(or loss) for the financial year: (7,081) (4,737)

REGENCY PERFORMANCE ARTS C.I.C.

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 4,760 5,600
Total fixed assets: 4,760 5,600
Current assets
Debtors: 4 454 3,433
Cash at bank and in hand: 221 5,298
Total current assets: 675 8,731
Creditors: amounts falling due within one year: 5 ( 5,609 ) ( 7,424 )
Net current assets (liabilities): (4,934) 1,307
Total assets less current liabilities: (174) 6,907
Total net assets (liabilities): (174) 6,907
Members' funds
Profit and loss account: (174) 6,907
Total members' funds: ( 174) 6,907

The notes form part of these financial statements

REGENCY PERFORMANCE ARTS C.I.C.

Balance sheet statements

For the year ending 31 May 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 22 February 2024
and signed on behalf of the board by:

Name: Zahra Tarjomani
Status: Director

The notes form part of these financial statements

REGENCY PERFORMANCE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 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 discounts and value added taxes. Turnover includes revenues earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customers returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value over their expected useful lives on the following bases:Fixtures and Fittings 15%Computer equipment 25%

REGENCY PERFORMANCE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

REGENCY PERFORMANCE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 8,000 1,124 9,124
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 8,000 1,124 9,124
Depreciation
At 1 June 2022 2,400 1,124 3,524
Charge for year 840 0 840
On disposals
Other adjustments
At 31 May 2023 3,240 1,124 4,364
Net book value
At 31 May 2023 4,760 0 4,760
At 31 May 2022 5,600 0 5,600

REGENCY PERFORMANCE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
£ £
Other debtors 454 3,433
Total 454 3,433

REGENCY PERFORMANCE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 420 420
Other creditors 5,189 7,004
Total 5,609 7,424

REGENCY PERFORMANCE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Loans to directors

Name of director receiving advance or credit: Zahra Tarjomani
Description of the transaction:
Loan paid to director to cover future production costs paid from directors private funds. Loan will be repaid when costs have been incurred and brought into the company accounts next year.
£
Balance at 31 May 2022 3,433
Advances or credits made: 500
Advances or credits repaid: 3,479
Balance at 31 May 2023 454

COMMUNITY INTEREST ANNUAL REPORT

REGENCY PERFORMANCE ARTS C.I.C.

Company Number: 10187339 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

The company is a performing arts group for local children, performing shows at no cost to gain experience for children wishing to pursue a career in performing arts.

Consultation with stakeholders

No consultation with stakeholders

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
22 February 2024

And signed on behalf of the board by:
Name: Zahra Tarjomani
Status: Director