ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
15009268 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 18 July 2023

End date: 31 July 2024

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2024

Notes 2024


£
Fixed assets
Intangible assets: 3 32
Tangible assets: 4 200
Investments: 5 120
Total fixed assets: 352
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 6 ( 300 )
Net current assets (liabilities): (300)
Total assets less current liabilities: 52
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 52
Members' funds
Profit and loss account: 52
Total members' funds: 52

The notes form part of these financial statements

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 April 2025
and signed on behalf of the board by:

Name: Danyul Khan
Status: Director

The notes form part of these financial statements

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024
    Average number of employees during the period 3

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 32 32
Transfers 0 0 0
At 31 July 2024 0 32 32
Amortisation
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 July 2024 0 0 0
Net book value
At 31 July 2024 0 32 32

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 0 0 50 25 0 75
Disposals 0 0 0 0 0 0
Revaluations 0 100 0 25 0 125
Transfers 0 0 0 0 0 0
At 31 July 2024 0 100 50 50 0 200
Depreciation
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 July 2024 0 0 0 0 0 0
Net book value
At 31 July 2024 0 100 50 50 0 200

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Fixed assets investments note

Basic sound Av equipment bought in house

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 300
Total 300

COMMUNITY INTEREST ANNUAL REPORT

ROYALE FESTIVALS COMMUNITY INTEREST COMPANY

Company Number: 15009268 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The company is a Community Interest Company supporting local talent and promoting contemporary arts in its all forms of glory. The company was formed in July 2023. The first year 2023-2024 had been a bit difficult to secure funding due to the economical state of the nation which resulted in funding being alot more difficult to secure and companies not sponsoring as much for first time events. We did support a number of local events and national events by providing artists or supporting the event with professional services. During this time the company was able to look at events that take place and potentially what is missing from the market. The company used this time to plan for the future whilst working at some amazing events and attending networking events to secure future relations as it builds its events.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 April 2025

And signed on behalf of the board by:
Name: Danyul Khan
Status: Director