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REGISTERED NUMBER: 10535905 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022

FOR

HARRY KING PROMOTIONS LIMITED

HARRY KING PROMOTIONS LIMITED (REGISTERED NUMBER: 10535905)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 4


HARRY KING PROMOTIONS LIMITED (REGISTERED NUMBER: 10535905)

STATEMENT OF FINANCIAL POSITION
30 DECEMBER 2022

30.12.22 31.12.21
Notes £    £   
CURRENT ASSETS
Debtors 4 3,240 1,483
Cash at bank 1,313 17,364
4,553 18,847
CREDITORS
Amounts falling due within one year 5 (4,743 ) (10,146 )
NET CURRENT (LIABILITIES)/ASSETS (190 ) 8,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

(190

)

8,701

CREDITORS
Amounts falling due after more than one
year

6

(226,859

)

(229,882

)
NET LIABILITIES (227,049 ) (221,181 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (227,149 ) (221,281 )
(227,049 ) (221,181 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2022 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 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.

HARRY KING PROMOTIONS LIMITED (REGISTERED NUMBER: 10535905)

STATEMENT OF FINANCIAL POSITION - continued
30 DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





T G King - Director


HARRY KING PROMOTIONS LIMITED (REGISTERED NUMBER: 10535905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022


1. STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is DPC Accountants Limited, Stone House, Stone Road Business Park, Stoke-on-Trent, Staffordshire, ST4 6SR.

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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See debtors note for the net carrying amount of the debtors.

REVENUE RECOGNITION
Revenue is recognised at the fair value of the consideration received or receivable and in which the services are rendered, stated net of discounts and of Value Added Tax. Revenue is recognised in the accounting period in which the services are rendered.

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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


HARRY KING PROMOTIONS LIMITED (REGISTERED NUMBER: 10535905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

GOING CONCERN
The company is supported by its director with loans of £226,860. Whilst these loans are technically repayable on demand, the director has provided assurance that they will not be repayable within 1 year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 31.12.21
£    £   
Trade debtors 3,240 -
Other debtors - 1,483
3,240 1,483

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 31.12.21
£    £   
Trade creditors 298 102
Taxation and social security 1,453 -
Other creditors 2,992 10,044
4,743 10,146

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.22 31.12.21
£    £   
Other creditors 226,859 229,882

7. RELATED PARTY DISCLOSURES

Amounts due to director as at 31/12/2022 was £226,860.

8. POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.