THE BUNKHOUSE MUSIC VENUE C.I.C.

Company Registration Number:
12436604 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

THE BUNKHOUSE MUSIC VENUE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

THE BUNKHOUSE MUSIC VENUE C.I.C.

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

Public House and Bar



Directors

The director shown below has held office during the whole of the period from
1 February 2023 to 31 January 2024

M J Maguire


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
29 October 2024

And signed on behalf of the board by:
Name: M J Maguire
Status: Director

THE BUNKHOUSE MUSIC VENUE C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 219,611 186,671
Cost of sales: ( 153,174 ) ( 118,093 )
Gross profit(or loss): 66,437 68,578
Administrative expenses: ( 88,748 ) ( 96,332 )
Other operating income: 10,000 30,871
Operating profit(or loss): (12,311) 3,117
Interest receivable and similar income: 22 26
Interest payable and similar charges: ( 450 ) ( 324 )
Profit(or loss) before tax: (12,739) 2,819
Tax: 1,076 ( 1,076 )
Profit(or loss) for the financial year: (11,663) 1,743

THE BUNKHOUSE MUSIC VENUE C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,530 5,669
Total fixed assets: 4,530 5,669
Current assets
Stocks: 4 2,500 2,150
Debtors: 5 2 0
Cash at bank and in hand: 19,928 24,415
Total current assets: 22,430 26,565
Creditors: amounts falling due within one year: 6 ( 23,403 ) ( 15,938 )
Net current assets (liabilities): (973) 10,627
Total assets less current liabilities: 3,557 16,296
Provision for liabilities: ( 1,076 )
Total net assets (liabilities): 3,557 15,220
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 3,555 15,218
Total Shareholders' funds: 3,557 15,220

The notes form part of these financial statements

THE BUNKHOUSE MUSIC VENUE C.I.C.

Balance sheet statements

For the year ending 31 January 2024 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 29 October 2024
and signed on behalf of the board by:

Name: M J Maguire
Status: Director

The notes form part of these financial statements

THE BUNKHOUSE MUSIC VENUE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Fixtures & fittings are depreciated at the rate of 20% using the reducing balance method

    Other accounting policies

    Stocks stated at the lower of cost and net realisable value

THE BUNKHOUSE MUSIC VENUE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 4

THE BUNKHOUSE MUSIC VENUE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 7,469 7,469
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 7,469 7,469
Depreciation
At 1 February 2023 1,800 1,800
Charge for year 1,139 1,139
On disposals
Other adjustments
At 31 January 2024 2,939 2,939
Net book value
At 31 January 2024 4,530 4,530
At 31 January 2023 5,669 5,669

THE BUNKHOUSE MUSIC VENUE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Stocks

2024 2023
£ £
Stocks 2,500 2,150
Total 2,500 2,150

THE BUNKHOUSE MUSIC VENUE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 2 0
Total 2 0

THE BUNKHOUSE MUSIC VENUE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 3,108 6,494
Other creditors 20,295 9,444
Total 23,403 15,938

COMMUNITY INTEREST ANNUAL REPORT

THE BUNKHOUSE MUSIC VENUE C.I.C.

Company Number: 12436604 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

See accounts

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
29 October 2024

And signed on behalf of the board by:
Name: M J Maguire
Status: Director