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REGISTERED NUMBER: 09634533 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Manana Festival Limited

Manana Festival Limited (Registered number: 09634533)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Manana Festival Limited

Company Information
for the year ended 31 August 2023







DIRECTOR: H M Follett





REGISTERED OFFICE: 1 Charterhouse Mews
London
EC1M 6BB





REGISTERED NUMBER: 09634533 (England and Wales)





ACCOUNTANTS: ansteybond
1-2 Charterhouse Mews
London
EC1M 6BB

Manana Festival Limited (Registered number: 09634533)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 13,387 -
Cash at bank 1,216 -
14,603 -
CREDITORS
Amounts falling due within one year 5 (12,069 ) (33,873 )
NET CURRENT ASSETS/(LIABILITIES) 2,534 (33,873 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,534

(33,873

)

CREDITORS
Amounts falling due after more than one year 6 (35,066 ) (15,034 )
NET LIABILITIES (32,532 ) (48,907 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (32,632 ) (49,007 )
SHAREHOLDERS' FUNDS (32,532 ) (48,907 )

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

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

The director acknowledges his 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.

Manana Festival Limited (Registered number: 09634533)

Balance Sheet - continued
31 August 2023


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 director and authorised for issue on 31 August 2024 and were signed by:





H M Follett - Director


Manana Festival Limited (Registered number: 09634533)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Manana Festival Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents sales of tickets, merchandise, advertising and other associated income relating to music events, excluding value added tax.

Taxation
Taxation for the year 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.

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 year 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.

Cash and cash equivalents
In the company's financial statements, cash and cash equivalents includes cash on hand and deposits held with banks.

Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment.

Trade and other creditors
Trade and other creditors are obligations to pay for services that have been acquired in the ordinary course of business and are measured at historical cost. Accrued expenses are recognised when the amount can be measured reliably.

Manana Festival Limited (Registered number: 09634533)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Going concern
The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,387 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,203 8,129
Other creditors 5,866 25,744
12,069 33,873

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 35,066 15,034

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 September 2022 (49,007 )
Profit for the year 16,375
At 31 August 2023 (32,632 )

Manana Festival Limited (Registered number: 09634533)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

9. RELATED PARTY DISCLOSURES

At the balance sheet date, included within other creditors, is an amount of £4,371 (2022: £1,138) owed to H Follet, Director of the company.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H M Follett.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Manana Festival Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Manana Festival Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Manana Festival Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Manana Festival Limited and state those matters that we have agreed to state to the director of Manana Festival Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Manana Festival Limited and its director for our work or for this report.

It is your duty to ensure that Manana Festival Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Manana Festival Limited. You consider that Manana Festival Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Manana Festival Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ansteybond
1-2 Charterhouse Mews
London
EC1M 6BB


31 August 2024