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REGISTERED NUMBER: 07173403 (England and Wales)










RIVER LEGACY EVENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022






RIVER LEGACY EVENTS LTD (REGISTERED NUMBER: 07173403)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


RIVER LEGACY EVENTS LTD (REGISTERED NUMBER: 07173403)

BALANCE SHEET
31ST DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 823 611

CURRENT ASSETS
Debtors 5 358 -
Cash at bank and in hand 12,354 1,006
12,712 1,006
CREDITORS
Amounts falling due within one year 6 14,933 3,989
NET CURRENT LIABILITIES (2,221 ) (2,983 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,398 ) (2,372 )

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 8 (3,398 ) (4,372 )
SHAREHOLDERS' FUNDS (1,398 ) (2,372 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd November 2023 and were signed by:





T J Clare - Director


RIVER LEGACY EVENTS LTD (REGISTERED NUMBER: 07173403)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022


1. STATUTORY INFORMATION

River Legacy Events Ltd 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: 07173403

Registered office: 15 Queen Square
Leeds
LS2 8AJ

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.

The accounts have been prepared on the going concern basis given that there are no plans to permanently cease activities and cash reserves are sufficient to allow for the company to continue until activities resume.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Turnover
Turnover represents the value of tickets sold, hire fees and other sales in the period.

Turnover from the sale of tickets and hire fees is recognised when significant risks and rewards of ownership of the service have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of tickets and the date the hire commences.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery etc - 20% on cost
Fixtures & Fittings etc - 20% on cost
Office Equipments etc - 20% on cost

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.

RIVER LEGACY EVENTS LTD (REGISTERED NUMBER: 07173403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2022 12,473
Additions 604
Disposals (2,919 )
At 31st December 2022 10,158
DEPRECIATION
At 1st January 2022 11,862
Charge for year 392
Eliminated on disposal (2,919 )
At 31st December 2022 9,335
NET BOOK VALUE
At 31st December 2022 823
At 31st December 2021 611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 358 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 739 1,485
Other creditors 14,194 2,504
14,933 3,989

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary Shares £1,00 0 2,000 2,000

RIVER LEGACY EVENTS LTD (REGISTERED NUMBER: 07173403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


8. RESERVES
Retained
earnings
£   

At 1st January 2022 (4,372 )
Profit for the year 974
At 31st December 2022 (3,398 )