Brighton Psych Fest Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15274508

BRIGHTON PSYCH FEST LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

BRIGHTON PSYCH FEST LTD

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	4	2,628	510
Cash at bank and in hand		4,020	3,764
		-------	-------
		6,648	4,274

Creditors: amounts falling due within one year	5	8,329		13,079
		-------		---------
Net current liabilities			1,681	8,805
			-------	-------
Total assets less current liabilities			( 1,681)	( 8,805)
			-------	-------
Net liabilities			( 1,681)	( 8,805)
			-------	-------

Capital and reserves

Called up share capital	102	102
Profit and loss account	( 1,783)	( 8,907)
	-------	-------
Shareholders deficit	( 1,681)	( 8,805)
	-------	-------

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.

For the year ending 31 December 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 .

BRIGHTON PSYCH FEST LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 19 August 2026 , and are signed on behalf of the board by:

Mr J J McKeown

Director

Company registration number: 15274508

BRIGHTON PSYCH FEST LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL.

2. Statement of compliance

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

Revenue recognition

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a 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. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2025	2024
	£	£
Trade debtors	–	510
Other debtors	2,628	–
	-------	----
	2,628	510
	-------	----

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	250	–
Other creditors	8,079	13,079
	-------	---------
	8,329	13,079
	-------	---------

6. Directors' advances, credits and guarantees

Included within creditors falling due in less than one year are directors' loans totalling £2,479. These loans are interest free and repayable on demand.

7. Controlling party

The company is a 50% subsidiary of Joy Entertainment Group Limited, a company incorporated in England and Wales. The registered office of Joy Entertainment Group Limited is 168 Church Road, Hove, East Sussex, BN3 2DL. The ultimate controlling party is ATC Events through its control of Joy Entertainment Group Ltd.