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REGISTERED NUMBER: 02853184 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

The Ticketline Network Limited

The Ticketline Network Limited (Registered number: 02853184)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


The Ticketline Network Limited (Registered number: 02853184)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,132 -
Tangible assets 5 33,750 15,749
Investments 6 236,535 484,711
322,417 500,460

CURRENT ASSETS
Debtors 7 2,146,989 1,726,138
Cash at bank and in hand 560,663 1,123,672
2,707,652 2,849,810
CREDITORS
Amounts falling due within one year 8 387,967 791,439
NET CURRENT ASSETS 2,319,685 2,058,371
TOTAL ASSETS LESS CURRENT LIABILITIES 2,642,102 2,558,831

PROVISIONS FOR LIABILITIES - 10,305
NET ASSETS 2,642,102 2,548,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,642,002 2,548,426
SHAREHOLDERS' FUNDS 2,642,102 2,548,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





Mr P A Betesh - Director


The Ticketline Network Limited (Registered number: 02853184)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Ticketline Network Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02853184

Registered office: Queens Chambers
5 John Dalton Street
Manchester
M2 6ET

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved.

Turnover
Turnover represents the amount derived from ordinary activities, stated after trade discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services and is recognised on the provision of services on a percentage degree of completion basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

IT development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

The Ticketline Network Limited (Registered number: 02853184)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
IT
development
£   
COST
Additions 55,468
At 31 March 2023 55,468
AMORTISATION
Amortisation for year 3,336
At 31 March 2023 3,336
NET BOOK VALUE
At 31 March 2023 52,132

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 105,853 94,632 200,485
Additions 4,266 28,507 32,773
At 31 March 2023 110,119 123,139 233,258
DEPRECIATION
At 1 April 2022 101,827 82,909 184,736
Charge for year 1,507 13,265 14,772
At 31 March 2023 103,334 96,174 199,508
NET BOOK VALUE
At 31 March 2023 6,785 26,965 33,750
At 31 March 2022 4,026 11,723 15,749

The Ticketline Network Limited (Registered number: 02853184)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 484,711
Disposals (265,246 )
Revaluations 17,070
At 31 March 2023 236,535
NET BOOK VALUE
At 31 March 2023 236,535
At 31 March 2022 484,711

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2023 236,535

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,062 2,626
Amounts owed by group undertakings 33,469 1,000
Other debtors 1,481,544 1,031,063
Deferred tax asset 73,356 -
Prepayments 557,558 691,449
2,146,989 1,726,138

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,195 40,876
Amounts owed to group undertakings 12,395 -
Taxation and social security 94,470 107,841
Other creditors 266,907 642,722
387,967 791,439

9. RELATED PARTY DISCLOSURES

Included within the debtors note 10 is a balance due from a related party of £33,469 (2022 : £1,000).

Included within the creditors note 11 is a balance due to a related party of £12,395 (2022 : £nil).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Ticketline Group Limited.