PHANTASMAGORIA CIC

Company limited by guarantee

Company Registration Number:
13345597 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

PHANTASMAGORIA CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PHANTASMAGORIA CIC

Balance sheet

As at 31 August 2024

Notes 2024 16 months to 31 August 2023


£

£
Fixed assets
Tangible assets: 3 1,665 2,545
Total fixed assets: 1,665 2,545
Current assets
Debtors: 4 0 1,694
Cash at bank and in hand: 30,097 6,027
Total current assets: 30,097 7,721
Creditors: amounts falling due within one year: 5 ( 18,660 ) ( 2,734 )
Net current assets (liabilities): 11,437 4,987
Total assets less current liabilities: 13,102 7,532
Creditors: amounts falling due after more than one year: 6 ( 16,522 ) ( 3,844 )
Total net assets (liabilities): (3,420) 3,688
Members' funds
Profit and loss account: (3,420) 3,688
Total members' funds: ( 3,420) 3,688

The notes form part of these financial statements

PHANTASMAGORIA CIC

Balance sheet statements

For the year ending 31 August 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 5 August 2025
and signed on behalf of the board by:

Name: A L Gilligan
Status: Director

The notes form part of these financial statements

PHANTASMAGORIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts invoiced by the company in respect of sales and services provided during the year, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life. The annual depreciation rates used on a reducing balance basis are as follows:- Fixtures and fittings 20%.

PHANTASMAGORIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 16 months to 31 August 2023
    Average number of employees during the period 1 1

PHANTASMAGORIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 3,975 3,975
Additions
Disposals ( 725 ) ( 725 )
Revaluations
Transfers
At 31 August 2024 3,250 3,250
Depreciation
At 1 September 2023 1,430 1,430
Charge for year 415 415
On disposals ( 260 ) ( 260 )
Other adjustments
At 31 August 2024 1,585 1,585
Net book value
At 31 August 2024 1,665 1,665
At 31 August 2023 2,545 2,545

PHANTASMAGORIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 16 months to 31 August 2023
£ £
Trade debtors 0 1,694
Total 0 1,694

PHANTASMAGORIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 16 months to 31 August 2023
£ £
Other creditors 18,660 2,734
Total 18,660 2,734

PHANTASMAGORIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due after more than one year note

2024 16 months to 31 August 2023
£ £
Other creditors 16,522 3,844
Total 16,522 3,844

COMMUNITY INTEREST ANNUAL REPORT

PHANTASMAGORIA CIC

Company Number: 13345597 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The operation of arts and crafts workshops in the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

A L Gilligan was paid a salary of £11025 for the year.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 August 2025

And signed on behalf of the board by:
Name: A L Gilligan
Status: Director