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REGISTERED NUMBER: 03623127 (England and Wales)















KOMEDIA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






KOMEDIA LIMITED (REGISTERED NUMBER: 03623127)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KOMEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R Daws
D G Lavender
M D Connolly
P Musselwhite
C R Granger
M G Granger
A Hollingworth
E McOwat





SECRETARY: E McOwat





REGISTERED OFFICE: 44-47 Gardner Street
Brighton
East Sussex
BN1 1UN





REGISTERED NUMBER: 03623127 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

KOMEDIA LIMITED (REGISTERED NUMBER: 03623127)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,595 190,154
Investments 5 46,500 46,500
214,095 236,654

CURRENT ASSETS
Stocks 16,283 15,020
Debtors 6 70,413 143,182
Cash at bank and in hand 360,642 464,313
447,338 622,515
CREDITORS
Amounts falling due within one year 7 532,818 708,918
NET CURRENT LIABILITIES (85,480 ) (86,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,615

150,251

CREDITORS
Amounts falling due after more than one
year

8

102,893

151,989
NET ASSETS/(LIABILITIES) 25,722 (1,738 )

CAPITAL AND RESERVES
Called up share capital 829 300
Share premium 123,876 123,876
Retained earnings (98,983 ) (125,914 )
SHAREHOLDERS' FUNDS 25,722 (1,738 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KOMEDIA LIMITED (REGISTERED NUMBER: 03623127)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





R Daws - Director


KOMEDIA LIMITED (REGISTERED NUMBER: 03623127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Komedia 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 consists of sales typical from the operation of a comedy club.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 62 (2023 - 61 ) .

KOMEDIA LIMITED (REGISTERED NUMBER: 03623127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 403,186 29,513 355,746 788,445
Additions - - 43,570 43,570
Disposals - - (17,503 ) (17,503 )
At 31 March 2024 403,186 29,513 381,813 814,512
DEPRECIATION
At 1 April 2023 310,903 21,662 265,726 598,291
Charge for year 21,814 2,143 42,172 66,129
Eliminated on disposal - - (17,503 ) (17,503 )
At 31 March 2024 332,717 23,805 290,395 646,917
NET BOOK VALUE
At 31 March 2024 70,469 5,708 91,418 167,595
At 31 March 2023 92,283 7,851 90,020 190,154

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 46,500
NET BOOK VALUE
At 31 March 2024 46,500
At 31 March 2023 46,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,583 35,263
Other debtors 58,830 107,919
70,413 143,182

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,045 47,028
Trade creditors 95,759 131,497
Tax 10,711 21,571
Social security and other taxes 41,144 85,834
Other creditors 335,159 422,988
532,818 708,918

KOMEDIA LIMITED (REGISTERED NUMBER: 03623127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 90,025 139,121
Other creditors 12,868 12,868
102,893 151,989

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 140,070 186,149

There are fixed and floating charges over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures, plant and machinery.