Registered number
08884571
Voewood Festival Limited
Filleted Accounts
31 December 2023
Voewood Festival Limited
Registered number: 08884571
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,358 1,698
Current assets
Debtors 4 69,128 71,208
Cash at bank and in hand 1,616 938
70,744 72,146
Creditors: amounts falling due within one year 5 (6,483) (6,401)
Net current assets 64,261 65,745
Total assets less current liabilities 65,619 67,443
Creditors: amounts falling due after more than one year 6 (67,590) (70,840)
Net liabilities (1,971) (3,397)
Capital and reserves
Called up share capital 10 10
Profit and loss account (1,981) (3,407)
Shareholder's funds (1,971) (3,397)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Finch
Director
Approved by the board on 19 August 2024
Voewood Festival Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,654
At 31 December 2023 2,654
Depreciation
At 1 January 2023 956
Charge for the year 340
At 31 December 2023 1,296
Net book value
At 31 December 2023 1,358
At 31 December 2022 1,698
4 Debtors 2023 2022
£ £
Amounts owed by associated companies 69,128 71,208
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,901 3,969
Trade creditors 1,952 1,952
Other creditors 630 480
6,483 6,401
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,502 11,752
Amounts owed to associated companies 59,088 59,088
67,590 70,840
7 Related party transactions
Included in debtors are amounts totalling £69,128 (2022 - £71,208) owed by Voewood Events Limited, a company in which the director has a controlling interest.

There is no set repayment date for this loan, and no interest will be charged on the loan.

Included in other creditors due after more than one year are amounts totalling £59,088 (2022 - £59,088) owed to Simon Finch Rare Books Limited, a company in which the director has a controlling interest.

There is no set repayment date for this loan, although it will not be demanded within less than a year, and no interest is charged on this loan.
8 Controlling party
The controlling party is the director S Finch who holds 100% of the issued share capital of the company.
9 Other information
Voewood Festival Limited is a private company limited by shares and incorporated in England. Its registered office is:
Voewood Cromer Road
High Kelling
Holt
NR25 6QS
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