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REGISTERED NUMBER: 09704045 (England and Wales)










FB FASHION BALL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






FB FASHION BALL LIMITED (REGISTERED NUMBER: 09704045)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


FB FASHION BALL LIMITED (REGISTERED NUMBER: 09704045)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
ASSETS

FIXED ASSETS
Intangible assets 4 836 1,673
Tangible assets 5 - -
836 1,673

CURRENT ASSETS
Debtors 6 83,480 45,443
Cash at bank and in hand 9,461 13,566
92,941 59,009
93,777 60,682

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 18 634
SHAREHOLDERS' FUNDS 19 635

CREDITORS 8 93,758 60,047
93,777 60,682

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

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

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.

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 12th September 2023 and were signed by:





Mrs L M Darwin - Director


FB FASHION BALL LIMITED (REGISTERED NUMBER: 09704045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

FB Fashion Ball Limited 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: 09704045

Registered office: 3365 Century Way
Thorpe Park
Leeds
LS15 8ZB

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from ticket sales is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to delivery of the event.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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

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.

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.

FB FASHION BALL LIMITED (REGISTERED NUMBER: 09704045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st August 2022
and 31st July 2023 2,510
AMORTISATION
At 1st August 2022 837
Charge for year 837
At 31st July 2023 1,674
NET BOOK VALUE
At 31st July 2023 836
At 31st July 2022 1,673

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022
and 31st July 2023 3,537
DEPRECIATION
At 1st August 2022
and 31st July 2023 3,537
NET BOOK VALUE
At 31st July 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,500 4,000
Amounts recoverable on
contract 78,000 36,000
Other debtors 2,980 5,443
83,480 45,443

FB FASHION BALL LIMITED (REGISTERED NUMBER: 09704045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. CREDITORS
2023 2022
£    £   
Amounts falling due within one year:
Bank loans and overdrafts 5,601 5,007
Taxation and social security 3,642 2,445
Other creditors 45,141 10,095
54,384 17,547

Amounts falling due after more than one year:
Bank loans 36,874 42,500
Other creditors 2,500 -
39,374 42,500

Aggregate amounts 93,758 60,047

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by
instalments - 2,500
- 2,500

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L M Darwin.

FB Fashion Ball Limited is a wholly owned subsidiary of Lisa Darwin Brand Holdings (company number 11208920) . The ultimate controlling party continued to be Mrs L M Darwin.

The intellectual property rights, trading styles and brand names associated with FB Fashion Ball continue to be held by the Lisa Darwin Brand Holdings.