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REGISTERED NUMBER: 13977637 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

15 MARCH 2022 TO 31 MARCH 2023

FOR

PARTICIPATORY ARTS QUALIFICATIONS LTD

PARTICIPATORY ARTS QUALIFICATIONS LTD (REGISTERED NUMBER: 13977637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 MARCH 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARTICIPATORY ARTS QUALIFICATIONS LTD

COMPANY INFORMATION
FOR THE PERIOD 15 MARCH 2022 TO 31 MARCH 2023







DIRECTORS: Ms P Abraham
Ms H Angove
Mr J Dryburgh
Ms L Marshall
Mr C J Stenton





REGISTERED OFFICE: LCB Depot
31 Rutland Street
Leicester
Leicestershire
LE1 1RE





REGISTERED NUMBER: 13977637 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

PARTICIPATORY ARTS QUALIFICATIONS LTD (REGISTERED NUMBER: 13977637)

BALANCE SHEET
31 MARCH 2023

Notes £   
CURRENT ASSETS
Cash in hand 1

CREDITORS
Amounts falling due within one year 5 25,255
NET CURRENT LIABILITIES (25,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,254

)

CAPITAL AND RESERVES
Called up share capital 6 1
Retained earnings 7 (25,255 )
SHAREHOLDERS' FUNDS (25,254 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





Mr C J Stenton - Director


PARTICIPATORY ARTS QUALIFICATIONS LTD (REGISTERED NUMBER: 13977637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 MARCH 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Participatory Arts Qualifications Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PARTICIPATORY ARTS QUALIFICATIONS LTD (REGISTERED NUMBER: 13977637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15 MARCH 2022 TO 31 MARCH 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 25,255

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

7. RESERVES
Retained
earnings
£   

Deficit for the period (25,255 )
At 31 March 2023 (25,255 )

8. RELATED PARTY DISCLOSURES

The company's activities during the year were funded by a loan from the parent company Foundation for Community Dance to the sum of £25,255, which amount was outstanding at 31 March 2023.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Foundation for Community Dance.