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COMPANY REGISTRATION NUMBER: 11887622
SINCLAIR EVENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
SINCLAIR EVENTS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
SINCLAIR EVENTS LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mrs C R Sinclair
Mr D M Sinclair
Registered office
Mountview House
151 High Street
Southgate
London
N14 6EW
Accountants
TC BSG Valentine Limited
Accountants
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
SINCLAIR EVENTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
566
849
CURRENT ASSETS
Debtors
6
2,620
1,814
Cash at bank and in hand
60,339
141,477
--------
---------
62,959
143,291
CREDITORS: amounts falling due within one year
7
( 11,506)
( 20,037)
--------
---------
NET CURRENT ASSETS
51,453
123,254
--------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
52,019
124,103
--------
---------
NET ASSETS
52,019
124,103
--------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
51,919
124,003
--------
---------
SHAREHOLDERS FUNDS
52,019
124,103
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SINCLAIR EVENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:
Mr D M Sinclair
Director
Company registration number: 11887622
SINCLAIR EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mountview House, 151 High Street, Southgate, London, N14 6EW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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. Debt instruments are subsequently measured at amortised cost. 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2022 and 31 March 2023
1,132
-------
Depreciation
At 1 April 2022
283
Charge for the year
283
-------
At 31 March 2023
566
-------
Carrying amount
At 31 March 2023
566
-------
At 31 March 2022
849
-------
6. Debtors
2023
2022
£
£
Other debtors
2,620
1,814
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
208
9,000
Other creditors
11,298
11,037
--------
--------
11,506
20,037
--------
--------