COMPANY REGISTRATION NUMBER:
10807348
CWMNI PEN PRODUCTIONS LTD |
|
Company Limited by Guarantee |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
CWMNI PEN PRODUCTIONS LTD |
|
COMPANY LIMITED BY GUARANTEE |
|
STATEMENT OF FINANCIAL POSITION |
|
30 June 2024
Current assets
Cash at bank and in hand |
71 |
97 |
|
|
|
Creditors: amounts falling due within one year |
5 |
2,313 |
1,950 |
|
------- |
------- |
Net current liabilities |
2,242 |
1,853 |
|
------- |
------- |
Total assets less current liabilities |
(
2,242) |
(
1,853) |
|
------- |
------- |
|
|
|
|
Reserves
Profit and loss account |
(
2,242) |
(
1,853) |
|
------- |
------- |
Members deficit |
(
2,242) |
(
1,853) |
|
------- |
------- |
|
|
|
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 comprehensive income has not been delivered.
For the year ending 30 June 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
27 March 2025
, and are signed on behalf of the board by:
Company registration number:
10807348
CWMNI PEN PRODUCTIONS LTD |
|
COMPANY LIMITED BY GUARANTEE |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 30 JUNE 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 Bryn Haul, Pant, Penrhyndeudraeth, LL48 6NB, Gwynedd.
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.
Going concern
The company has secured more grants from the Arts Council of Wales for further work, and having considered this along with reviewing a period of 12 months from the approval date of these financial statements, the directors continue to adopt the going concern basis in preparing the financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
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 of members and does not have a share capital. The liability of members is limited to £1
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
– |
1,893 |
Other creditors |
2,313 |
57 |
|
------- |
------- |
|
2,313 |
1,950 |
|
------- |
------- |
|
|
|
6.
Directors' advances, credits and guarantees
There were no director's advances, credits or guarantees during the year.