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REGISTERED NUMBER: 11460963 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Hexagon Events Ltd

Hexagon Events Ltd (Registered number: 11460963)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hexagon Events Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: T Haggis





REGISTERED OFFICE: Bretton House
Bell Meadow Business Park
Pulford
Chester
Cheshire
CH4 9EP





REGISTERED NUMBER: 11460963 (England and Wales)





ACCOUNTANTS: DUNCAN BOXWELL & COMPANY LIMITED
Bretton House
Bell Meadow Business Park
Pulford
Chester
Cheshire
CH4 9EP

Hexagon Events Ltd (Registered number: 11460963)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 68,774 88,298

CURRENT ASSETS
Inventories 7,374 5,618
Debtors 5 6,315 9,870
Prepayments and accrued income - 962
Cash at bank and in hand 119,571 58,694
133,260 75,144
CREDITORS
Amounts falling due within one year 6 206,625 207,302
NET CURRENT LIABILITIES (73,365 ) (132,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,591

)

(43,860

)

CREDITORS
Amounts falling due after more than
one year

7

(20,114

)

(30,110

)

PROVISIONS FOR LIABILITIES (6,502 ) -
NET LIABILITIES (31,207 ) (73,970 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (31,208 ) (73,971 )
(31,207 ) (73,970 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Hexagon Events Ltd (Registered number: 11460963)

Balance Sheet - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





T Haggis - Director


Hexagon Events Ltd (Registered number: 11460963)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Hexagon Events Ltd is a private company, limited by shares , registered in England and 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
Revenue 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.
Leasehold - 10% Straight Line
Fixtures and Fittings - 25% on reducing balance

Stocks
Inventories 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.

Hexagon Events Ltd (Registered number: 11460963)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

Going concern
As at 30 June 2023 the company’s balance sheet showed net current liabilities. This indicates that the company is technically insolvent and could be wound up on the petition of creditors.

The company is dependant upon the continued support of the director via his loan account and willingness and ability to continue to provide such support. The director has expressed his willingness and ability to continue such support.

The director has considered the position of the company and believes that in the forthcoming year the company can trade profitably, recoup losses and thus improve the financial position of the company.

On this basis the director believes it to be appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 17 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
Leasehold Fittings Totals
£    £    £   
COST
At 1 July 2022 45,720 169,357 215,077
Disposals (2,000 ) - (2,000 )
At 30 June 2023 43,720 169,357 213,077
DEPRECIATION
At 1 July 2022 15,151 111,628 126,779
Charge for year 3,526 13,998 17,524
At 30 June 2023 18,677 125,626 144,303
NET BOOK VALUE
At 30 June 2023 25,043 43,731 68,774
At 30 June 2022 30,569 57,729 88,298

Hexagon Events Ltd (Registered number: 11460963)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 100 -
Other debtors 1,965 5,620
2,065 5,620

Amounts falling due after more than one year:
Other debtors 4,250 4,250

Aggregate amounts 6,315 9,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 9,759 9,520
Trade creditors 43,054 20,439
Amounts owed to group undertakings 111,254 143,254
Taxation and social security 39,906 27,808
Other creditors 2,652 6,281
206,625 207,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 20,114 30,110

8. RELATED PARTY DISCLOSURES

The company is wholy owned by Cheg Holdings Limited, a company incorporated in England and Wales. The ultimate controlling party is T Haggis by virtue of his ownership of Cheg Holdings Limited.