Highbridge & Burnham on Sea Carnival Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80 Oxford Street
Burnham-On-Sea
Somerset
TA8 1EF

Principal activity

The principal activity of the company is the organisation of the annual carnival procession for Highbridge and Burnham-on-Sea.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Revenue recognition

Turnover consists of the fundraising income, income from the annual procession and donations received.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	- 25% reducing balance

Highbridge & Burnham on Sea Carnival Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

In the event of disbandment, the surplus cash and bank balances shall be allocated in accordance with the Memorandum & Articles of Highbridge & Burnham on Sea Ltd. The general committee shall be responsible for the discharge of all debts.

Highbridge & Burnham on Sea Carnival Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

5	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 September 2024	3,590	3,590
At 31 August 2025	3,590	3,590
Depreciation
At 1 September 2024	3,250	3,250
Charge for the year	86	86
At 31 August 2025	3,336	3,336
Carrying amount
At 31 August 2025	254	254
At 31 August 2024	340	340

6

Debtors

	2025 £	2024 £
Prepayments	278	245
	278	245

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	990	39
Accruals and deferred income	630	630
	1,620	669