2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10698436 2023-04-01 2024-03-31 10698436 2024-03-31 10698436 2023-03-31 10698436 2022-04-01 2023-03-31 10698436 2023-03-31 10698436 2022-03-31 10698436 bus:Director4 2023-04-01 2024-03-31 10698436 bus:Director1 2023-04-01 2024-03-31 10698436 core:WithinOneYear 2024-03-31 10698436 core:WithinOneYear 2023-03-31 10698436 core:RetainedEarningsAccumulatedLosses 2024-03-31 10698436 core:RetainedEarningsAccumulatedLosses 2023-03-31 10698436 bus:Director1 2023-03-31 10698436 bus:Director1 2024-03-31 10698436 bus:Director1 2022-03-31 10698436 bus:Director1 2023-03-31 10698436 bus:SmallEntities 2023-04-01 2024-03-31 10698436 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10698436 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10698436 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 10698436 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 10698436
Association of Women in the Arts
Company Limited by Guarantee
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Association of Women in the Arts
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Current assets
Cash at bank and in hand
17,746
3,770
Creditors: amounts falling due within one year
6
24,544
3,150
--------
-------
Net current (liabilities)/assets
( 6,798)
620
-------
----
Total assets less current liabilities
( 6,798)
620
-------
----
Net (liabilities)/assets
( 6,798)
620
-------
----
Capital and reserves
Profit and loss account
( 6,798)
620
-------
----
Members (deficit)/funds
( 6,798)
620
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 January 2025 , and are signed on behalf of the board by:
S A Kirk
Director
Company registration number: 10698436
Association of Women in the Arts
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for subscriptions.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Company limited by guarantee
The company is limited by guarantee and does not have a share capital. Each member of the company guarantees an amount not exceeding £1 the event of a deficiency of assets on the liquidation of the company.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
2,354
Other creditors
22,190
3,150
--------
-------
24,544
3,150
--------
-------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
K Aleksa Ryemill
( 690)
( 20,000)
( 20,690)
----
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
K Aleksa Ryemill
( 690)
( 690)
----
----
----