REGISTERED NUMBER: 03623127 (England and Wales)

KOMEDIA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Daws

D G Lavender

M D Connolly

P Musselwhite

C R Granger

M G Granger

A Hollingworth

E McOwat

SECRETARY:

E McOwat

REGISTERED OFFICE:

44-47 Gardner Street

Brighton

East Sussex

BN1 1UN

REGISTERED NUMBER:

03623127 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

119,482

167,595

Investments

5

46,500

46,500

165,982

214,095

CURRENT ASSETS

Stocks

22,926

16,283

Debtors

6

71,167

70,413

Cash at bank and in hand

177,776

360,642

271,869

447,338

CREDITORS

Amounts falling due within one year

7

(465,259

)

(532,818

)

NET CURRENT LIABILITIES

(193,390

)

(85,480

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,408

)

128,615

CREDITORS

Amounts falling due after more than one year

8

(41,800

)

(102,893

)

NET (LIABILITIES)/ASSETS

(69,208

)

25,722

CAPITAL AND RESERVES

Called up share capital

829

829

Share premium

123,876

123,876

Retained earnings

(193,913

)

(98,983

)

SHAREHOLDERS' FUNDS

(69,208

)

25,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2025 and were signed on its behalf by:

R Daws - Director

1.	STATUTORY INFORMATION

Komedia Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consists of sales typical from the operation of a comedy club.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis. Following a detailed review of the company's cash requirements the directors consider that the company will be able to continue in operational existence for the foreseeable future. The principal factors in the consideration are the continued support of the banks, creditors and directors. For this reason the directors continue to adopt the going concern basis in preparing the accounts. Should this not prove to be appropriate adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts and to provide for any future liabilities that might arise.

3.

EMPLOYEES

The average number of employees during the year was 63 (2024 - 62 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

403,186

29,513

381,813

814,512

Additions

-

-

13,726

13,726

Disposals

-

-

(14,131

)

(14,131

)

At 31 March 2025

403,186

29,513

381,408

814,107

DEPRECIATION

At 1 April 2024

332,717

23,805

290,395

646,917

Charge for year

21,101

1,951

38,787

61,839

Eliminated on disposal

-

-

(14,131

)

(14,131

)

At 31 March 2025

353,818

25,756

315,051

694,625

NET BOOK VALUE

At 31 March 2025

49,368

3,757

66,357

119,482

At 31 March 2024

70,469

5,708

91,418

167,595

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

46,500

NET BOOK VALUE

At 31 March 2025

46,500

At 31 March 2024

46,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,662

11,583

Other debtors

46,868

58,830

Tax

10,637

-

71,167

70,413

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

60,717

50,045

Trade creditors

43,507

95,759

Tax

-

10,711

Social security and other taxes

53,376

41,144

Other creditors

307,659

335,159

465,259

532,818

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

28,932

90,025

Other creditors

12,868

12,868

41,800

102,893

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

89,649

140,070

There are fixed and floating charges over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures, plant and machinery.