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REGISTERED NUMBER: 05152713 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ASSOCIATION OF EVENT VENUES LIMITED

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


ASSOCIATION OF EVENT VENUES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: D Thurlow
J Rees
A J Griffin
M Bull
S Sayer
K Mulloy
S C Hinds
I Taylor
J Broughton
P Lorimer
P Michael
R Kitching
A J O'Sullivan
R Wicks





SECRETARY: M Youngs





REGISTERED OFFICE: 119 High Street
Berkhamsted
Hertfordshire
HP4 2DJ





REGISTERED NUMBER: 05152713 (England and Wales)





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

REPORT OF THE DIRECTORS
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a trade association for event venues.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

D Thurlow
J Rees
A J Griffin
M Bull
S Sayer
K Mulloy
S C Hinds
I Taylor
J Broughton
P Lorimer
P Michael

Other changes in directors holding office are as follows:

R Kitching - resigned 16 June 2023
C V Zoccali - resigned 20 September 2023
J Driscoll - appointed 1 January 2023 - resigned 29 December 2023
R Kitching - appointed 20 September 2023

A J O'Sullivan and R Wicks were appointed as directors after 31 December 2023 but prior to the date of this report.

A L Gibb ceased to be a director after 31 December 2023 but prior to the date of this report.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

REPORT OF THE DIRECTORS
for the Year Ended 31 December 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S C Hinds - Director


15 April 2024

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

INCOME STATEMENT
for the Year Ended 31 December 2023

2023 2022
£    £   

TURNOVER 295,053 241,325

Cost of sales 214,198 194,550
GROSS SURPLUS 80,855 46,775

Administrative expenses 59,701 60,549
OPERATING SURPLUS/(DEFICIT) 21,154 (13,774 )

Interest receivable and similar income 4,388 196
SURPLUS/(DEFICIT) BEFORE
TAXATION

25,542

(13,578

)

Tax on surplus/(deficit) 1,536 -
SURPLUS/(DEFICIT) FOR THE
FINANCIAL YEAR

24,006

(13,578

)

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 192 192

CURRENT ASSETS
Debtors 5 98,733 162,167
Cash at bank 309,997 297,821
408,730 459,988
CREDITORS
Amounts falling due within one year 6 234,014 309,278
NET CURRENT ASSETS 174,716 150,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,908

150,902

RESERVES
Capital reserve 7 70,000 70,000
Income and expenditure account 7 104,908 80,902
174,908 150,902

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

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

The directors acknowledge their 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





S C Hinds - Director


ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Association of Event Venues Limited is a private company, limited by guarantee , 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 and revenue recognition
Turnover represents amounts receivable, excluding value added tax.
Event income is recognised in the period that the event takes place.
Subscriptions fee income is recognised in the period to which it relates as is partnership and other income .
Fees and other amounts paid in advance for the following year are treated as deferred income.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

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

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 192
NET BOOK VALUE
At 31 December 2023 192
At 31 December 2022 192

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Events Industry Alliance Limited
Registered office: 119 High Street, Berkhamsted, Hertfordshire. HP4 2DJ.
Nature of business: Providing secretariat services.
%
Class of shares: holding
Ordinary C shares 100.00
Ordinary D shares 19.10
2023 2022
£    £   
Aggregate capital and reserves 41,889 35,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,820 161,071
Other debtors 1,913 1,096
98,733 162,167

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,581 44,216
Corporation tax 1,536 -
VAT 21,681 28,151
Other creditors - 3,524
Accruals and deferred income 188,216 233,387
234,014 309,278

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. RESERVES
Income
and
expenditure Capital
account reserve Totals
£    £    £   

At 1 January 2023 80,902 70,000 150,902
Surplus for the year 24,006 24,006
At 31 December 2023 104,908 70,000 174,908

8. RELATED PARTY DISCLOSURES

The company subcontracts its day to day management, accounting and secretariat function to Events Industry Alliance Limited (EIA). EIA charged the company £178,503 (2022 - £173,205) for these services.

Also during the year, EIA recharged expenses of £12,449 to AEV (2022 - £4,323).

At the year end the company owed EIA £16,672 (2022 - £43,136).

The company is a trade association for event venues and its board of directors is made up of members whose companies will benefit from this association.

On occasions the company may use the products and services of companies which are associated with its directors and members. This trade is under normal commercial terms.

9. SHARE CAPITAL

The company is limited by guarantee and does not have share capital. If the company is wound up, and its liabilities exceed its assets, the liability of the members is limited to £100 each.

10. CONTROL

The company does not consider it has an ultimate controlling party.