for the Period Ended 31 October 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2024
Principal activities of the company
Additional information
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Directors
The directors shown below have held office during the whole of the period from
1 November 2023
to
31 October 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
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£ |
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Administrative expenses: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
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£ |
£ |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 5 |
(
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 October 2024
| 2024 | 2023 | |
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| Average number of employees during the period |
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for the Period Ended 31 October 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 November 2023 |
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| At 31 October 2024 |
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| At 1 November 2023 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 31 October 2024 |
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| Net book value | ||||||
| At 31 October 2024 |
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| At 31 October 2023 |
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for the Period Ended 31 October 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other debtors |
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| Total |
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for the Period Ended 31 October 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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| Total |
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We are a community music festival generally held on the 2nd Saturday in May each year, attended by over 20,000 people. It is London’s largest free one day music festival and over 100 bands perform in 17 venues. There are a number of benefits to the community: The event is free to attend. It is loved by the community and it makes residents proud of the area they live in. Everyone we speak to about it has a positive attitude – whether they attend or not! We give 600 musicians a platform to showcase live and original music, including a youth stage for under 18 year olds. The event is socially inclusive with people of all backgrounds, ethnicity and ages attending. Over 300 volunteers assist with the delivery of the event. We help drive business into local companies (eg convenience stores, takeaways etc). For the pub venues, it is their busiest and most profitable day of the year.
Two of the three Directors live in the area. The festival is managed on a voluntary basis. It is a benefit to all residents by making the area a better place to live. The friendliness of festival goers (most of whom are local) gives a “feel good” feeling to residents and we constantly receive positive comments about the festival. We write to all residents that live near the outdoor venues in advance so they were aware that a music festival is taking place. In consideration to them, the music ends at 10:45pm, although it goes on longer in most of the pubs.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
19 May 2025
And signed on behalf of the board by:
Name: Mr Faye Hamilton
Status: Director