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Registration number: 05190289

Tewkesbury Medieval Festival

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Tewkesbury Medieval Festival

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 8

Detailed Profit and Loss Account

9 to 11

 

Tewkesbury Medieval Festival

Company Information

Directors

Mrs M Hache

Mr P J Pembridge

Mrs P Tubbs

Ms J F Parker

Company secretary

Mrs M Hache

Registered office

184 Bath Road
Worcester
Worcs
WR5 3ER

Accountants

Holberton & Co
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

 

Tewkesbury Medieval Festival

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr C German (ceased 30 November 2024)

Mr Allan Harley (ceased 30 November 2024)

Mrs M Hache - Company secretary and director (appointed 1 January 2024)

Mrs A J Thomas (ceased 19 April 2024)

Mrs D M German (ceased 30 November 2024)

Ms G A Liddy (ceased 19 April 2024)

Mr P J Pembridge

Mrs P Tubbs

Miss C J Taylor (ceased 30 November 2024)

Ms J F Parker

Principal activity

The principal activity of the company is the organisation of an annual medieval festival

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 3 February 2025 and signed on its behalf by:

.........................................
Mrs P Tubbs
Director

   
     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Tewkesbury Medieval Festival
for the Year Ended 31 December 2024

It is your duty to ensure that Tewkesbury Medieval Festival has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tewkesbury Medieval Festival. You consider that Tewkesbury Medieval Festival is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tewkesbury Medieval Festival. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Holberton & Co
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

3 February 2025

 

Tewkesbury Medieval Festival

Profit and Loss Account for the Year Ended 31 December 2024

Note

2024
£

2023
£

Turnover

 

129,565

100,546

Cost of sales

 

(112,533)

(108,976)

Gross profit/(loss)

 

17,032

(8,430)

Administrative expenses

 

(5,366)

(4,749)

Operating profit/(loss)

 

11,666

(13,179)

Profit/(loss) before tax

11,666

(13,179)

Profit/(loss) for the financial year

 

11,666

(13,179)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Tewkesbury Medieval Festival

(Registration number: 05190289)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,421

5,377

Current assets

 

Debtors

5

810

356

Cash at bank and in hand

 

40,673

29,903

 

41,483

30,259

Creditors: Amounts falling due within one year

6

(12,551)

(10,958)

Net current assets

 

28,932

19,301

Net assets

 

36,353

24,678

Capital and reserves

 

Retained earnings

36,353

24,678

Shareholders' funds

 

36,353

24,678

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 February 2025 and signed on its behalf by:
 

.........................................
Mrs M Hache
Company secretary and director

.........................................
Mrs P Tubbs
Director

 
     
 

Tewkesbury Medieval Festival

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
184 Bath Road
Worcester
Worcs
WR5 3ER

The principal place of business is:
184 Bath Road
Worcester
Worcs
WR5 3ER

These financial statements were authorised for issue by the Board on 3 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Tewkesbury Medieval Festival

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% Straight line

Plant and machinery

33.33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

The company is registered under the Companies Act 2006 as a company limited by guarantee. The company has claimed exemption under section 62 from using the word "limited" in its name. The members of the company are the directors set out on page 1, and in the event of being wound up the liability under the guarantee is limited to £10 per member of the company.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 9).

 

Tewkesbury Medieval Festival

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

9,200

9,200

Additions

3,028

3,028

At 31 December 2024

12,228

12,228

Depreciation

At 1 January 2024

3,813

3,813

Charge for the year

994

994

At 31 December 2024

4,807

4,807

Carrying amount

At 31 December 2024

7,421

7,421

At 31 December 2023

5,377

5,377

5

Debtors

Current

2024
£

2023
£

Trade debtors

140

-

Prepayments

670

356

 

810

356

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

-

665

Other creditors

12,551

10,293

12,551

10,958

 

Tewkesbury Medieval Festival

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
 £

2023
 £

turnover (analysed below)

129,565

100,546

Cost of sales (analysed below)

(112,533)

(108,976)

Gross profit/(loss)

17,032

(8,430)

Gross profit (%)

13.15%

(8.38)%

Administrative expenses

Establishment costs (analysed below)

(2,876)

(2,701)

General administrative expenses (analysed below)

(967)

(1,054)

Finance charges (analysed below)

(529)

(84)

Depreciation costs (analysed below)

(994)

(910)

(5,366)

(4,749)

Operating profit/(loss)

11,666

(13,179)

Profit/(loss) before tax

11,666

(13,179)

 

Tewkesbury Medieval Festival

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

   

Turnover

Membership

-

4

Donations - fayre

24,090

8,248

Stalls and miscellaneous sales

61,054

49,131

Caterers

26,137

23,485

Programmes and leaflets

2,300

2,067

Fundraising - others

-

330

Camping fees

2,609

2,343

Sponsorship

2,592

2,691

Working with schools

2,556

2,590

Armour in the Abbey

3,227

1,657

Grants and subsidies

5,000

8,000

129,565

100,546

   

Cost of sales

Site expenses

20,020

17,627

Festival expenses

37,151

40,794

Crew expenses

20,470

15,776

Security

13,304

13,304

Printing, stationery and advertising

(1)

-

Posters, programmes and leaflets

2,074

2,549

Entertainers

10,050

9,935

Car parking expenses

3,585

3,650

Working with schools expenditure

3,482

2,981

Campsite expenditure

1,175

1,040

Armour at the Abbey Expenses

1,223

1,320

112,533

108,976

   

Establishment costs

Insurance

2,876

2,701

   

General administrative expenses

Printing, postage and stationery

368

78

Sundry expenses

3

396

Motor expenses

-

124

Advertising

372

258

Accountancy fees

224

198

967

1,054

   

Finance charges

Bank charges

529

84

 

Tewkesbury Medieval Festival

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

   

Depreciation costs

Depreciation of plant and machinery (owned)

(84)

-

Depreciation of fixtures and fittings (owned)

(910)

(910)

(994)

(910)