WsM Carnival Limited 31/03/2025 iXBRL

Company registration number: 03878654

WsM Carnival Limited

Company limited by guarantee

Unaudited filleted financial statements

31 March 2025

Brooking Ruse

Chartered Accountants

2 Stafford Place

Weston-super-Mare

Somerset

BS23 2QZ

WsM Carnival Limited

Company limited by guarantee

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

WsM Carnival Limited

Company limited by guarantee

Directors and other information


Directors	Mr. N.M. Mathewson	(Resigned 17 July 2024)
	Mrs. J. Mathews
	Mr. Richard Berry	(Appointed 17 July 2024)
	Mr. Martin Williams	(Appointed 17 July 2024)
	Mr. Andrew Berry	(Appointed 17 July 2024)
	Mr. Neil O'Donoghue	(Appointed 17 July 2024)


Company number	03878654


Registered office	2 Stafford Place
	Weston-super-Mare
	Somerset
	BS23 2QZ


Accountants	Brooking Ruse
	2 Stafford Place
	Weston-super-Mare
	Somerset
	BS23 2QZ




	Bankers	Nat West Bank plc
		89 High Street
		Weston-super-Mare
		Somerset
		BS23 1JW

WsM Carnival Limited

Company limited by guarantee

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of WsM Carnival Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WsM Carnival Limited for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of WsM Carnival Limited, as a body, in accordance with the terms of our engagement letter dated 11 September 2020. Our work has been undertaken solely to prepare for your approval the financial statements of WsM Carnival Limited and state those matters that we have agreed to state to the board of directors of WsM Carnival Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WsM Carnival Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that WsM Carnival Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WsM Carnival Limited. You consider that WsM Carnival Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of WsM Carnival Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Brooking Ruse

Chartered Accountants

2 Stafford Place

Weston-super-Mare

Somerset

BS23 2QZ

20 June 2025

WsM Carnival Limited

Company limited by guarantee

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	2,361		631
		_______		_______
			2,361		631

Current assets
Debtors	6	-		555
Cash at bank and in hand		31,266		31,338
		_______		_______
		31,266		31,893
Creditors: amounts falling due
within one year	7	( 690)		( 780)
		_______		_______
Net current assets			30,576		31,113
			_______		_______
Total assets less current liabilities			32,937		31,744

			_______		_______
Net assets			32,937		31,744
			_______		_______

Capital and reserves
Special reserve			22,277		22,277
Profit and loss account			10,660		9,467
			_______		_______
Members funds			32,937		31,744
			_______		_______

For the year ending 31 March 2025 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 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.

These financial statements were approved by the board of directors and authorised for issue on 20 June 2025 , and are signed on behalf of the board by:

Mr. Andrew Berry

Director

Company registration number: 03878654

WsM Carnival Limited

Company limited by guarantee

Statement of changes in equity

Year ended 31 March 2025

	Special reserve	Profit and loss account	Total
	£	£	£


At 1 April 2023	22,277	17,605	39,882

Profit/(loss) for the year		( 8,138)	( 8,138)
	_______	_______	_______
Total comprehensive income for the year	-	( 8,138)	( 8,138)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	22,277	9,467	31,744

Profit/(loss) for the year		1,193	1,193
	_______	_______	_______
Total comprehensive income for the year	-	1,193	1,193

	_______	_______	_______
At 31 March 2025	22,277	10,660	32,937
	_______	_______	_______

WsM Carnival Limited

Company limited by guarantee

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 2 Stafford Place, Weston-super-Mare, Somerset, BS23 2QZ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
President's jewellery	-	15% %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

4. Limited by guarantee

The company is limited by guarantee of the directors and does not have a share capital.

5. Tangible assets

	Fixtures, fittings and equipment	President's jewellery	Total
	£	£	£
Cost
At 1 April 2024	715	660	1,375
Additions	2,146	-	2,146
	_______	_______	_______
At 31 March 2025	2,861	660	3,521
	_______	_______	_______
Depreciation
At 1 April 2024	107	637	744
Charge for the year	413	3	416
	_______	_______	_______
At 31 March 2025	520	640	1,160
	_______	_______	_______
Carrying amount
At 31 March 2025	2,341	20	2,361
	_______	_______	_______
At 31 March 2024	608	23	631
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Other debtors	-	555
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	690	780
	_______	_______