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Registered number: 02355837













THE BIG EVENTS COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
THE BIG EVENTS COMPANY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
THE BIG EVENTS COMPANY LIMITED
REGISTERED NUMBER:02355837

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
120,087
132,490

Cash at bank and in hand
  
52,424
53,074

  
172,511
185,564

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(4,119,574)
(4,115,748)

Net liabilities
  
(3,947,063)
(3,930,184)


Capital and reserves
  

Called up share capital 
 6 
2
2

Profit and loss account
  
(3,947,065)
(3,930,186)

  
(3,947,063)
(3,930,184)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2023.




M Bucks
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
THE BIG EVENTS COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

The Big Events Company Limited is a private company, limited by shares, incorporated in England and Wales, with its principal place of business and registered office at 1st Floor, 47a Firth Street, Soho, London, W1D 4HT.
The principal activity of the Company continued to be the marketing of televised events on a worldwide basis.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company's activities are funded by an interest free loan from M Watt, a director and the sole shareholder. At the reporting date, the Company owed £4,117,476 (2022 - £4,113,199) to M Watt and this is included in other creditors. The directors have prepared the financial statements on a going concern basis on the assumption that M Watt will continue to provide such financial support as may be required by the Company to meet its liabilities as they fall due for at least 12 months following the date of approval of the financial statements.

 
2.3

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2

 
THE BIG EVENTS COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Cash and cash equivalents

Cash is represented by deposits with financial institutions repayable without penalty.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from and to related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£

Other debtors
120,087
132,490


Page 3

 
THE BIG EVENTS COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Director's loan
4,117,476
4,113,199

Accruals and deferred income
2,098
2,549

4,119,574
4,115,748



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1 each
2
2


 
Page 4