Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-2802023-03-01falseoperation of annual college May Ball0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14684560 2023-02-28 14684560 2023-03-01 2024-02-28 14684560 2022-03-01 2023-02-22 14684560 2024-02-28 14684560 c:Director2 2023-03-01 2024-02-28 14684560 d:CurrentFinancialInstruments 2024-02-28 14684560 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 14684560 d:RetainedEarningsAccumulatedLosses 2024-02-28 14684560 c:FRS102 2023-03-01 2024-02-28 14684560 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 14684560 c:FullAccounts 2023-03-01 2024-02-28 14684560 c:CompanyLimitedByGuarantee 2023-03-01 2024-02-28 14684560 2 2023-03-01 2024-02-28 14684560 e:PoundSterling 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure

Registered number: 14684560









SJC MAY BALL LIMITED
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2024

 
SJC MAY BALL LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14684560

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
Note
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
  
54,575

Cash at bank and in hand
  
789,521

  
844,096

Creditors: amounts falling due within one year
  
(763,477)

NET CURRENT ASSETS
  
 
 
80,619

  

NET ASSETS
  
80,619


CAPITAL AND RESERVES
  

Profit and loss account
  
80,619

  
80,619


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N Macdonald
Director

Date: 6 January 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
SJC MAY BALL LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

1.


GENERAL INFORMATION

SJC May Ball Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is St. John's College, St. Johns Street, Cambridge, United Kingdom, CB2 1TP.
The Company’s functional and presentational currency is GBP. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover represents ticket sales for the May Ball. Income is recognised when the event occurs. 

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
SJC MAY BALL LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration.


4.


DEBTORS

2024
£


Prepayments and accrued income
54,575

54,575



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£

Trade creditors
34,766

Corporation tax
24,167

Other taxation and social security
131,452

Other creditors
26

Accruals and deferred income
573,066

763,477




6.


COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 3