REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 |
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THE BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 |
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FOR |
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THE BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED |
THE BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED (REGISTERED NUMBER: 03262299) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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THE BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 December 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
80 Victoria Road |
Darlington |
County Durham |
DL1 5JG |
THE BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED (REGISTERED NUMBER: 03262299) |
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BALANCE SHEET |
31 December 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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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 profit or loss 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 BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED (REGISTERED NUMBER: 03262299) |
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BALANCE SHEET - continued |
31 December 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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THE BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED (REGISTERED NUMBER: 03262299) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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The Black Dyke Band (1855) Promotions Limited is a
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and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
At the year end, the company had significant net liabilities. The holding company has ensured that arrangements |
for the achievement of adequate working capital have been applied throughout the year, and where necessary, |
supplied liquid assets to the company. These measures will continue in place as required. |
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The directors have also put in place measures to protect the company from the impact of the current restrictions |
caused by the global COVID-19 pandemic. These are detailed in note 10 to the financial statements. |
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On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. |
The financial statements do not include any adjustment that would result from the company restricting its |
working capital funding. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
THE BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED (REGISTERED NUMBER: 03262299) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 January 2019 |
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Additions |
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At 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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VAT | 1,920 | 6,112 |
Accruals and deferred income |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Amounts owed to group undertakings |
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8. | RELATED PARTY DISCLOSURES |
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At the year end, the company owed £395,760 (2018 - £367,674) to its parent company. There is no interest |
accruing on this balance nor are there any repayment terms. |
THE BLACK DYKE BAND (1855) PROMOTIONS |
LIMITED (REGISTERED NUMBER: 03262299) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2019 |
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9. | POST BALANCE SHEET EVENTS |
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Due to the global COVID-19 pandemic and the subsequent restrictions put in place by the UK Government on |
23 March 2020, the band has been unable to rehearse nor perform from that date onwards. This has significantly |
impacted the income streams of both the company and the holding company in the 2020 financial year. As at the |
date the financial statements were approved, those restrictions were still in place and as such an estimate of the |
overall financial impact cannot be made. |
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The directors consider it appropriate to prepare the financial statements on a going concern basis. The company |
and the holding company have been placed in a period of incubation, operating on minimum costs, whilst the |
situation continues. The directors have explored alternative income streams should restrictions continue for an |
extended period, and also with a view to replace lost income given the expected reduction in sales once |
rehearsals and performances do resume. In addition, the holding company has sought financial assistance from |
the Government where available and will continue to support the company with liquid assets as required. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company's parent company The Black Dyke Band (1855) Limited is a charitable company limited by |
guarantee, therefore the ultimate controlling party is the Trustees of The Black Dyke Band (1855) Limited. |