Registered Number: 03708860 Report of the Directors and Unaudited Financial Statements for the year ended 31 March 2025 for BILLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED
BILLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Contents Page For the year ended 31 March 2025 Company information 3 Directors' report 4 Accountants' report 6 Income statement 7 Statement of financial position 8 Notes to the financial statements Detailed Income Statement 11 2 of 11
BILLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Company Information For the year ended 31 March 2025 Directors Robert Cook Elizabeth Croot Danielle Cutler Lisa Maloney Olga Maloney Kathryn ODonnell Susan Taylor Registered Number Registered Office Accountants Secretary 03708860 Stockton Business Centre 70 Brunswick Street Stockton on Tees TS18 1DW Wm Fortune and Son Collingwood House Church Square Hartlepool TS24 7EN Olga Maloney 3 of 11
ALLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Directors' Report For the year ended 31 March 2025 Director's report and financial statements The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025. Principal activities Principal activity of the company during the financial year was of organising music and folklore festival Directors The directors who served the company throughout the year were as follows: Robert Cook Elizabeth Croot Danielle Cutler Lisa Maloney Olga Maloney Kathryn ODonnell Susan Taylor Statement of directors' responsibilities The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to : • select suitable accounting policies and then apply them consistently • make judgements and accounting estimates that are reasonable and prudent • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions 4 of 11
LLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Directors' Report For the year ended 31 March 2025 This report was approved by the board and signed on its behalf by: Olga Maloney Secretary Толоку Date approved: 08 December 2025 5 of 11
ALLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Accountants' Report For the year ended 31 March 2025 Accountant's report You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Wm Fortune and Son 31 March 2025 W Falane der Wm Fortune and Son Collingwood House Church Square Hartlepool TS24 7EN 08 December 2025 6 of 11
ALLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Income Statement For the year ended 31 March 2025 Notes Turnover Cost of sales Gross profit Administrative expenses Operating loss Profit/ (Loss) on ordinary activities before taxation Tax on profit on ordinary activities Profit/ (Loss) for the financial year 2 2025 62,622 (37,001) 25,621 (36,075) (10,454) (10,454) 2024 € 218,759 (3,757) 215,002 (227,330) (12,328) (12,328) (10,454) (12,328) 7 of 11
SILLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Statement of Financial Position As at 31 March 2025 Notes Fixed assets Tangible fixed assets 3 Current assets Stocks 4 Cash at bank and in hand Creditors: amount falling due within one year Net current assets 5 2025 2,000 2,000 1,000 56,725 57,725 (38,970) 18,755 2024 2,000 2,000 1,000 29,110 30,110 (901) 29,209 Total assets less current liabilities Net assets 20,755 20,755 31,209 31,209 Capital and reserves Profit and loss account Shareholders' funds 6 20,755 20,755 31,209 31,209 For the year ended 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: 1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the board of directors on 08 December 2025 and were signed on its behalf by: Olga Maloney O malary Director 8 of 11
AILLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Notes to the Financial Statements For the year ended 31 March 2025 General Information Billingham International Folklore Festival Limited is a private company, limited by shares, registered in, registration number 03708860, registration address Stockton Business Centre, 70 Brunswick Street, Stockton on Tees, TS18 1DW. The presentation currency is £ sterling. 1. Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. 2. Operating profit/ (loss) 2025 E 2024 The operating loss is stated after charging: Depreciation of tangible fixed assets 2,374 9 of 11
BILLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Notes to the Financial Statements For the year ended 31 March 2025 3. Tangible fixed assets Cost or valuation Fixtures and Fittings 32,458 Total 32,458 At 01 April 2024 Additions Disposals At 31 March 2025 Depreciation At 01 April 2024 Charge for year On disposals At 31 March 2025 Net book values Closing balance as at 31 March 2025 Opening balance as at 01 April 2024 32,458 30,458 32,458 30,458 30,458 2,000 2,000 30,458 2,000 2,000 4. Stocks Finished Goods 2025 1,000 1,000 2024 1,000 1,000 5. Creditors: amount falling due within one year Grants for Festival 2025 Accrued Expenses Other Creditors 2025 38,970 38,970 2024 902 (1) 901 6. Profit and loss account Balance at 01 April 2024 Loss for the year Balance at 31 March 2025 2025 31,209 (10,454) 20,755 10 of 11
SILLINGHAM INTERNATIONAL FOLKLORE FESTIVAL LIMITED Detailed Income Statement For the year ended 31 March 2025 2025 E 30,000 18,280 1,603 4,247 7,000 1,492 62,622 Turnover Arts Council of England Grant Stockton Borough Council Grant Fundraising Performance sales Donations Sponsorship Heritage Lottery Grant 2024 Bank Interest Cost of sales Opening Stock Departing show The Dance of Time Expenses Closing Stock - Raw Materials Gross profit Administrative expenses Wages & Salaries Accountancy Fees Legal and Professional Fees (Allowable) Festival running costs Rent General Travel Expenses Bank Charges Depreciation Charge: Fixtures & Fittings Advertising General Insurance Computer Expenses Stationery & Postage Telephone, Fax & Internet Sundry Expenses Subscriptions Operating loss Profit/ (Loss) on ordinary activities before taxation Profit/ (Loss) for the financial year 2024 27,000 161,654 2,500 16,042 7,183 3,000 1,380 218,759 31,451 5,550 (37,001) 25,621 7,000 872 2,631 7,464 4,239 216 10,818 998 1,120 203 256 102 156 4,757 (1,000) 1,680 13 196,838 7,213 4,706 370 2,374 10,485 989 1,873 87 553 (1) 150 (3,757) 215,002 (36,075) (10,454) (10,454) (10,454) (227,330) (12,328) (12,328) (12,328) 11 of 11