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Registered number: 11702960
Rule of Three Arts Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17 Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH
Rule of Three Arts Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Maria Brewster
Susan Potts
Jane Leah
REGISTERED OFFICE
2 Marine Terrace
Liverpool
L22 5PR
COMPANY DETAILS
Private company limited by guarantee registered in EW - England and Wales, registered number 11702960
BANKERS
Virgin Money
ACCOUNTANTS
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17 Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH
Rule of Three Arts Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Income And Expenditure Account-
Income And Expenditure Account Summaries-
Rule of Three Arts Ltd
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets3-265
CURRENT ASSETS
Debtors42,2125,537
Cash at bank and in hand8,6314,606
10,84310,143
CREDITORS: Amounts falling due within one year510,1369,915
NET CURRENT ASSETS707228
TOTAL ASSETS LESS CURRENT LIABILITIES707493
PROVISIONS FOR LIABILITIES AND CHARGES6-50
NET ASSETS707443
RESERVES
Income and expenditure account707443
FUNDS707443
For the year ending 31/03/2025 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 decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/12/2025 and signed on their behalf by
.............................
Maria Brewster
Director
Rule of Three Arts Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. General Information
Rule of Three Arts Ltd (company number: 11702960) is a private company limited by guarantee without share capital and incorporated in England and Wales. Its registered office is 2 Marine Terrace, Liverpool L22 5PR.
1e. Policy For Going Concern
The directors believe that the company is experiencing good levels of funding and project income and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Rule of Three Arts Ltd
1f. Policy For Income Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue from the sale of goods and provision of services is recognised when goods or services are delivered and legal title has passed. Income includes Grants for Projects and Income for Artistic and Creative Consultancy and Partnership Projects.
2. EMPLOYEES
20252024
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/04/20241,0632,2853,348
At 31/03/20251,0632,2853,348
Depreciation
At 01/04/20247982,2853,083
For the year265-265
At 31/03/20251,0632,2853,348
Net Book Amounts
At 31/03/2025---
At 31/03/2024265-265
Rule of Three Arts Ltd
4. DEBTORS 20252024
££
Amounts falling due within one year
UK corporation tax208208
Accrued income2,0045,329
2,2125,537
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
PAYE control470419
Directors current account98
Accruals1,6112,029
Deferred income8,0467,459
10,1369,915
The deferred income of £8,046 (2024 £7,459) represents grants received in advance for future expenditure.
6. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation-50
-50
7. RELATED PARTY TRANSACTIONS
The company paid £34,500 to an Arts Management Company in which one of the directors of Rule of Three Arts Ltd is a director.
Rule of Three Arts Ltd
8. ANALYSIS OF INCOME
The turnover includes all income comprising Grants and Earned Income
20252024
Grant Income15,6959,811
Earned Income85,10357,275
____________
100,79867,086
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