Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Serin Aubrey 13/05/2011 John Matthew Britton 06/12/2024 Denise Brough 27/04/2020 Julie Mary Graham 03/12/2024 23/01/2015 Claire Louise Humpage 22/05/2023 Lara Jane Osgood 01/12/2023 John Hamilton Peet 01/01/2018 Michael Houghton Penn 22/10/2018 Susan Jayne Sutton-Scott-Tucker 31/10/2023 Mitchell Howard Tonks 13/05/2011 Leanne Elizabeth Tucker 11/12/2024 Keith Williams 05/02/2024 01/09/2019 14 May 2025 The principal activity of the Company during the financial year was that of catering events. 07633330 2024-12-31 07633330 bus:Director1 2024-12-31 07633330 bus:Director2 2024-12-31 07633330 bus:Director3 2024-12-31 07633330 bus:Director4 2024-12-31 07633330 bus:Director5 2024-12-31 07633330 bus:Director6 2024-12-31 07633330 bus:Director7 2024-12-31 07633330 bus:Director8 2024-12-31 07633330 bus:Director9 2024-12-31 07633330 bus:Director10 2024-12-31 07633330 bus:Director11 2024-12-31 07633330 bus:Director12 2024-12-31 07633330 2023-12-31 07633330 core:CurrentFinancialInstruments 2024-12-31 07633330 core:CurrentFinancialInstruments 2023-12-31 07633330 core:RetainedEarningsAccumulatedLosses 2024-12-31 07633330 core:RetainedEarningsAccumulatedLosses 2023-12-31 07633330 2022-12-31 07633330 2024-01-01 2024-12-31 07633330 bus:FilletedAccounts 2024-01-01 2024-12-31 07633330 bus:SmallEntities 2024-01-01 2024-12-31 07633330 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07633330 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 07633330 bus:Director1 2024-01-01 2024-12-31 07633330 bus:Director2 2024-01-01 2024-12-31 07633330 bus:Director3 2024-01-01 2024-12-31 07633330 bus:Director4 2024-01-01 2024-12-31 07633330 bus:Director5 2024-01-01 2024-12-31 07633330 bus:Director6 2024-01-01 2024-12-31 07633330 bus:Director7 2024-01-01 2024-12-31 07633330 bus:Director8 2024-01-01 2024-12-31 07633330 bus:Director9 2024-01-01 2024-12-31 07633330 bus:Director10 2024-01-01 2024-12-31 07633330 bus:Director11 2024-01-01 2024-12-31 07633330 bus:Director12 2024-01-01 2024-12-31 07633330 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 07633330 (England and Wales)

DARTMOUTH FOOD FESTIVAL LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

DARTMOUTH FOOD FESTIVAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

DARTMOUTH FOOD FESTIVAL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
DARTMOUTH FOOD FESTIVAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Stocks 8,316 0
Debtors 3 11,437 13,654
Cash at bank and in hand 64,938 81,240
84,691 94,894
Creditors: amounts falling due within one year 4 ( 15,216) ( 32,473)
Net current assets 69,475 62,421
Total assets less current liabilities 69,475 62,421
Provision for liabilities 5 0 ( 950)
Net assets 69,475 61,471
Reserves
Profit and loss account 69,475 61,471
Total reserves 69,475 61,471

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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Dartmouth Food Festival Limited (registered number: 07633330) were approved and authorised for issue by the Board of Directors on 14 May 2025. They were signed on its behalf by:

Lara Jane Osgood
Director
DARTMOUTH FOOD FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
DARTMOUTH FOOD FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dartmouth Food Festival Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5th Floor Salt Quay House 4 North East Quay, Sutton Harbour, Plymouth, PL4 0BN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 9

3. Debtors

2024 2023
£ £
Trade debtors 0 1,753
Prepayments and accrued income 2,105 3,956
VAT recoverable 9,332 7,945
11,437 13,654

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 363 0
Accruals and deferred income 13,766 28,652
Taxation and social security 1,087 3,821
15,216 32,473

5. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 950) ( 950)
Credited to the Statement of Income and Retained Earnings 950 0
At the end of financial year 0 ( 950)

6. Liability of members

The members of the Dartmouth Food Festival Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.