REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2022 to 28 March 2023 |
for |
PAC Conference & Event Management Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2022 to 28 March 2023 |
for |
PAC Conference & Event Management Ltd |
PAC Conference & Event Management Ltd (Registered number: 08145356) |
Contents of the Financial Statements |
for the Period 1 April 2022 to 28 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Report of the Accountants | 6 |
PAC Conference & Event Management Ltd |
Company Information |
for the Period 1 April 2022 to 28 March 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
24 Picton House |
Hussar Court |
Waterlooville |
Hampshire |
PO7 7SQ |
PAC Conference & Event Management Ltd (Registered number: 08145356) |
Balance Sheet |
28 March 2023 |
28.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 | ( |
) | ( |
) |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
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 |
PAC Conference & Event Management Ltd (Registered number: 08145356) |
Notes to the Financial Statements |
for the Period 1 April 2022 to 28 March 2023 |
1. | STATUTORY INFORMATION |
PAC Conference & Event Management Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The accounts are rounded to the nearest pound. |
The accounts represent the company as an individual entity. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts. |
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements. |
Turnover |
Turnover represents net invoiced sales of services excluding value added tax. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Taxation |
Taxation for the period 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 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. |
PAC Conference & Event Management Ltd (Registered number: 08145356) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 28 March 2023 |
2. | ACCOUNTING POLICIES - continued |
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 |
At the year end the company had net liabilities of £216,693 (£178,135). The company is reliant on the continued support of its lenders and group companies, and the management consider that it is appropriate to rely on this assertion for a period of not less than twelve months from the date the financial statements are approved. On this basis the directors consider that it is appropriate to prepare the accounts on the going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
and 28 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for period |
At 28 March 2023 |
NET BOOK VALUE |
At 28 March 2023 |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.3.23 | 31.3.22 |
£ | £ |
Trade debtors | ( |
) | ( |
) |
Other debtors |
( |
) | ( |
) |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.3.23 | 31.3.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors | ( |
) | ( |
) |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
PAC Conference & Event Management Ltd (Registered number: 08145356) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 28 March 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.3.23 | 31.3.22 |
£ | £ |
Bank loans |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.3.23 | 31.3.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
'B' | £1 | 2 | 2 |
102 | 102 |
PAC Conference & Event Management Ltd |
Report of the Accountants to the Director of |
PAC Conference & Event Management Ltd |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 28 March 2023 set out on pages three to seven and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
24 Picton House |
Hussar Court |
Waterlooville |
Hampshire |
PO7 7SQ |
Date: ............................................. |