THE DRAGON BARMOUTH LTD
CHARITY NUMBER 1141777
The Dragon Barmouth Ltd serves the small town of Barmouth and surrounding areas. We provide the arts, music, drama and education.
We continued to improve the Welsh cultural offer at the theatre. The return of a Welsh rock band and a project that bought local stories to the town Welsh Whisperers was begun.
In 2023/24 we continued to hold regular sessions for the over 50’s by providing events where free lunches, teas and films and a warm space were provided, these events were fully funded.
A wide variety of music was staged catering for all tastes, Jazz, Opera and popular music.
Our drama events have grown this year, with visiting production companies providing a variety of plays.
The school holidays saw children’s drama, arts, storytelling, crafts and a circus events.
The Dragon serves as the local council’s meeting place and a venue for computer and exercise classes. We also host a number of local groups such as the WI and a mother and baby group.
We continued to make improvements to the building. The once derelict kitchen has been refurbished and an illuminated LED sign has been installed out side keeping every one up to date on what is on at The Dragon. Progress has been made to install a new toilet for the disabled on the lower ground floor funded by The National Lottery.
REGISTERED NUMBER: 07456849 (Wales)
THE DRAGON BARMOUTH LTD
REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB
THE DRAGON BARMOUTH LTD
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 7 |
| Detailed Income and Expenditure Account | 8 |
THE DRAGON BARMOUTH LTD
COMPANY INFORMATION for the Year Ended 31 MARCH 2024
| DIRECTORS: | S J A Wolfers |
|---|---|
| P J Marshall | |
| S Robertson | |
| J Horrocks | |
| K Moyce | |
| REGISTERED OFFICE: | Ty Glyndwr |
| Glyndwr Street | |
| Dolgellau | |
| Gwynedd | |
| LL40 1BB | |
| REGISTERED NUMBER: | 07456849 (Wales) |
| ACCOUNTANTS: | E W Owen & Co |
| Glyndwr Buildings | |
| Glyndwr Street | |
| Dolgellau | |
| Gwynedd | |
| LL40 1BB |
Page 1
THE DRAGON BARMOUTH LTD
REPORT OF THE DIRECTORS for the Year Ended 31 MARCH 2024
The directors present their report with the financial statements of the company for the year ended 31 March 2024.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.
S J A Wolfers P J Marshall S Robertson J Horrocks K Moyce
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
P J Marshall - Director
28 November 2024
Page 2
THE DRAGON BARMOUTH LTD
INCOME STATEMENT for the Year Ended 31 MARCH 2024
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses Other operating income OPERATING (DEFICIT)/SURPLUS 4 Interest receivable and similar income Interest payable and similar expenses (DEFICIT)/SURPLUS BEFORE TAXATION Tax on (deficit)/surplus (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2024 £ 96,576 24,590 71,986 77,900 (5,914) 473 (5,441) 14 (5,427) - (5,427) - (5,427) |
2023 £ 84,047 18,597 |
|---|---|---|
| 65,450 55,782 |
||
| 9,668 997 |
||
| 10,665 4 |
||
| 10,669 90 |
||
| 10,579 - |
||
| 10,579 |
The notes form part of these financial statements
Page 3
THE DRAGON BARMOUTH LTD (REGISTERED NUMBER: 07456849)
BALANCE SHEET 31 MARCH 2024
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account |
2024 £ 312 7,500 15,021 22,833 13,338 |
£ 38,508 9,495 48,003 48,003 48,003 |
2023 £ 413 827 23,346 24,586 966 |
£ 29,810 23,620 |
|---|---|---|---|---|
| 53,430 | ||||
| 53,430 | ||||
| 53,430 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:
P J Marshall - Director
The notes form part of these financial statements
Page 4
THE DRAGON BARMOUTH LTD
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024
1. STATUTORY INFORMATION
The Dragon Barmouth Ltd is a private company, limited by guarantee, registered in Wales. The company's registered number and registered office address can be found on the Company Information page.
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.
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 etc - 20% on reducing balance and 20% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 2 (2023 - 1).
Page 5
continued...
THE DRAGON BARMOUTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
4. OPERATING (DEFICIT)/SURPLUS
The operating deficit (2023 - operating surplus) is stated after charging:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 9,559 | 7,383 |
5. TANGIBLE FIXED ASSETS
| Freehold property Equipment £ £ COST At 1 April 2023 276 6,524 Additions - 15,300 At 31 March 2024 276 21,824 DEPRECIATION At 1 April 2023 - 5,073 Charge for year - 3,351 At 31 March 2024 - 8,424 NET BOOK VALUE At 31 March 2024 276 13,400 At 31 March 2023 276 1,451 |
Fixtures and Computer fittings equipment £ £ 44,973 - 2,261 696 47,234 696 16,890 - 6,069 139 22,959 139 24,275 557 28,083 - |
Totals £ 51,773 18,257 |
|---|---|---|
| 70,030 | ||
| 21,963 9,559 |
||
| 31,522 | ||
| 38,508 | ||
| 29,810 |
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors |
2024 £ 4,737 2,763 7,500 2024 £ 1,347 11,991 13,338 |
2023 £ 827 - |
|
|---|---|---|---|
| 827 | |||
| 2023 £ 150 816 |
|||
| 966 |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8. RELATED PARTY DISCLOSURES
Suzie Robertson is also a trustee of 'The London Accordion Orchestra' (1158082).
Pamela Marshall is also a trustee of 'Tickwood Care Farm' (1153036).
Page 6
THE DRAGON BARMOUTH LTD
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF THE DRAGON BARMOUTH LTD
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB
Date: .............................................
This page does not form part of the statutory financial statements
Page 7
THE DRAGON BARMOUTH LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2024
| Turnover Events Bar Takings Room Letting Fundraising activities Grants receivable Donations 184 Club Draw Cost of sales Opening stock Purchases Film hire Performers Drama productions Closing stock GROSS SURPLUS Other income Sundry receipts Deposit account interest Expenditure Rates and water Insurance Light and heat Wages Telephone Post and stationery Advertising Licences Travel and subsistence Repairs and renewals Cleaning and waste collection Subscriptions and fees Computer costs Sundry expenses Accountancy Legal and professional fees Carried forward |
2024 £ 13,098 13,623 17,959 - 51,762 134 - 413 8,945 1,512 11,702 2,330 24,902 (312) 473 14 196 6,498 4,731 23,597 1,241 541 3,389 70 2,456 19,963 978 292 90 - 888 3,360 |
£ 96,576 24,590 71,986 487 72,473 68,290 4,183 |
2023 £ 10,417 9,178 12,893 133 51,301 30 95 503 5,545 4,278 5,554 3,130 19,010 (413) 997 4 283 5,272 4,341 13,313 1,118 526 2,235 54 2,384 13,993 998 222 113 8 816 2,722 |
£ 84,047 18,597 |
|---|---|---|---|---|
| 65,450 1,001 |
||||
| 66,451 48,398 |
||||
| 18,053 |
This page does not form part of the statutory financial statements
Page 8
THE DRAGON BARMOUTH LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2024
| Brought forward Finance costs Bank charges Payment charges Depreciation Equipment Fixtures and fittings Computer equipment NET (DEFICIT)/SURPLUS |
2024 £ 52 - 3,350 6,069 139 |
£ 4,183 52 4,131 9,558 (5,427) |
2023 £ - 90 363 7,021 - |
£ 18,053 90 |
|---|---|---|---|---|
| 17,963 7,384 |
||||
| 10,579 |
This page does not form part of the statutory financial statements
Page 9
REGISTERED NUMBER: 07456849 (Wales)
THE DRAGON BARMOUTH LTD
REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB
THE DRAGON BARMOUTH LTD
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 7 |
| Detailed Income and Expenditure Account | 8 |
THE DRAGON BARMOUTH LTD
COMPANY INFORMATION for the Year Ended 31 MARCH 2024
| DIRECTORS: | S J A Wolfers |
|---|---|
| P J Marshall | |
| S Robertson | |
| J Horrocks | |
| K Moyce | |
| REGISTERED OFFICE: | Ty Glyndwr |
| Glyndwr Street | |
| Dolgellau | |
| Gwynedd | |
| LL40 1BB | |
| REGISTERED NUMBER: | 07456849 (Wales) |
| ACCOUNTANTS: | E W Owen & Co |
| Glyndwr Buildings | |
| Glyndwr Street | |
| Dolgellau | |
| Gwynedd | |
| LL40 1BB |
Page 1
THE DRAGON BARMOUTH LTD
REPORT OF THE DIRECTORS for the Year Ended 31 MARCH 2024
The directors present their report with the financial statements of the company for the year ended 31 March 2024.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.
S J A Wolfers P J Marshall S Robertson J Horrocks K Moyce
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
P J Marshall - Director
28 November 2024
Page 2
THE DRAGON BARMOUTH LTD
INCOME STATEMENT for the Year Ended 31 MARCH 2024
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses Other operating income OPERATING (DEFICIT)/SURPLUS 4 Interest receivable and similar income Interest payable and similar expenses (DEFICIT)/SURPLUS BEFORE TAXATION Tax on (deficit)/surplus (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2024 £ 96,576 24,590 71,986 77,900 (5,914) 473 (5,441) 14 (5,427) - (5,427) - (5,427) |
2023 £ 84,047 18,597 |
|---|---|---|
| 65,450 55,782 |
||
| 9,668 997 |
||
| 10,665 4 |
||
| 10,669 90 |
||
| 10,579 - |
||
| 10,579 |
The notes form part of these financial statements
Page 3
THE DRAGON BARMOUTH LTD (REGISTERED NUMBER: 07456849)
BALANCE SHEET 31 MARCH 2024
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account |
2024 £ 312 7,500 15,021 22,833 13,338 |
£ 38,508 9,495 48,003 48,003 48,003 |
2023 £ 413 827 23,346 24,586 966 |
£ 29,810 23,620 |
|---|---|---|---|---|
| 53,430 | ||||
| 53,430 | ||||
| 53,430 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:
P J Marshall - Director
The notes form part of these financial statements
Page 4
THE DRAGON BARMOUTH LTD
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024
1. STATUTORY INFORMATION
The Dragon Barmouth Ltd is a private company, limited by guarantee, registered in Wales. The company's registered number and registered office address can be found on the Company Information page.
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.
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 etc - 20% on reducing balance and 20% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 2 (2023 - 1).
Page 5
continued...
THE DRAGON BARMOUTH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
4. OPERATING (DEFICIT)/SURPLUS
The operating deficit (2023 - operating surplus) is stated after charging:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 9,559 | 7,383 |
5. TANGIBLE FIXED ASSETS
| Freehold property Equipment £ £ COST At 1 April 2023 276 6,524 Additions - 15,300 At 31 March 2024 276 21,824 DEPRECIATION At 1 April 2023 - 5,073 Charge for year - 3,351 At 31 March 2024 - 8,424 NET BOOK VALUE At 31 March 2024 276 13,400 At 31 March 2023 276 1,451 |
Fixtures and Computer fittings equipment £ £ 44,973 - 2,261 696 47,234 696 16,890 - 6,069 139 22,959 139 24,275 557 28,083 - |
Totals £ 51,773 18,257 |
|---|---|---|
| 70,030 | ||
| 21,963 9,559 |
||
| 31,522 | ||
| 38,508 | ||
| 29,810 |
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors |
2024 £ 4,737 2,763 7,500 2024 £ 1,347 11,991 13,338 |
2023 £ 827 - |
|
|---|---|---|---|
| 827 | |||
| 2023 £ 150 816 |
|||
| 966 |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8. RELATED PARTY DISCLOSURES
Suzie Robertson is also a trustee of 'The London Accordion Orchestra' (1158082).
Pamela Marshall is also a trustee of 'Tickwood Care Farm' (1153036).
Page 6
THE DRAGON BARMOUTH LTD
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF THE DRAGON BARMOUTH LTD
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB
Date: .............................................
This page does not form part of the statutory financial statements
Page 7
THE DRAGON BARMOUTH LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2024
| Turnover Events Bar Takings Room Letting Fundraising activities Grants receivable Donations 184 Club Draw Cost of sales Opening stock Purchases Film hire Performers Drama productions Closing stock GROSS SURPLUS Other income Sundry receipts Deposit account interest Expenditure Rates and water Insurance Light and heat Wages Telephone Post and stationery Advertising Licences Travel and subsistence Repairs and renewals Cleaning and waste collection Subscriptions and fees Computer costs Sundry expenses Accountancy Legal and professional fees Carried forward |
2024 £ 13,098 13,623 17,959 - 51,762 134 - 413 8,945 1,512 11,702 2,330 24,902 (312) 473 14 196 6,498 4,731 23,597 1,241 541 3,389 70 2,456 19,963 978 292 90 - 888 3,360 |
£ 96,576 24,590 71,986 487 72,473 68,290 4,183 |
2023 £ 10,417 9,178 12,893 133 51,301 30 95 503 5,545 4,278 5,554 3,130 19,010 (413) 997 4 283 5,272 4,341 13,313 1,118 526 2,235 54 2,384 13,993 998 222 113 8 816 2,722 |
£ 84,047 18,597 |
|---|---|---|---|---|
| 65,450 1,001 |
||||
| 66,451 48,398 |
||||
| 18,053 |
This page does not form part of the statutory financial statements
Page 8
THE DRAGON BARMOUTH LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2024
| Brought forward Finance costs Bank charges Payment charges Depreciation Equipment Fixtures and fittings Computer equipment NET (DEFICIT)/SURPLUS |
2024 £ 52 - 3,350 6,069 139 |
£ 4,183 52 4,131 9,558 (5,427) |
2023 £ - 90 363 7,021 - |
£ 18,053 90 |
|---|---|---|---|---|
| 17,963 7,384 |
||||
| 10,579 |
This page does not form part of the statutory financial statements
Page 9