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REGISTERED NUMBER: 04676551 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

FAILED ARTIST LIMITED

FAILED ARTIST LIMITED (Registered number: 04676551)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1


FAILED ARTIST LIMITED (Registered number: 04676551)

Balance Sheet
29 February 2024

29.2.24 28.2.23
£    £    £    £   
FIXED ASSETS 1,646 2,195

CURRENT ASSETS 169,909 101,083

PREPAYMENTS AND ACCRUED INCOME 2,560 -

CREDITORS
Amounts falling due within one year (51,157 ) (24,344 )
NET CURRENT ASSETS 121,312 76,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,958

78,934

ACCRUALS AND DEFERRED INCOME 1,450 1,450
NET ASSETS 121,508 77,484

CAPITAL AND RESERVES 121,508 77,484

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

FAILED ARTIST LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04676551

Registered office: C/O Golder Baqa
1 Baker's Row
London
EC1R 3DB

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 1 ) .

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr James Holliday
Balance outstanding at start of year 36,329 39,182
Amounts advanced 188,208 55,600
Amounts repaid (141,272 ) (58,453 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 83,265 36,329

FAILED ARTIST LIMITED (Registered number: 04676551)

Balance Sheet - continued
29 February 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

This loan is unsecured and repayable on demand. Interest has been charged at 2%/2.25% on the overdrawn loan amount.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by:





Mrs Susan Holliday - Director