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Registration number: 03465424

Abbey International Events Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Abbey International Events Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Abbey International Events Limited

Company Information

Directors

Mr M C Aljoe

Mr J M Aljoe

Company secretary

Mrs S Aljoe

Registered office

2nd Floor
32 Old Compton Street
London
W1D 4TP

Accountants

Ripe LLP
Chartered accountants
9A Burroughs Gardens
London
NW4 4AU

 

Abbey International Events Limited

(Registration number: 03465424)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

446,234

450,504

Cash at bank and in hand

 

133,358

149,582

 

579,592

600,086

Creditors: Amounts falling due within one year

5

(174,059)

(199,343)

Net assets

 

405,533

400,743

Capital and reserves

 

Called up share capital

6

1,000

1,000

Retained earnings

404,533

399,743

Shareholders' funds

 

405,533

400,743

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2024 and signed on its behalf by:
 

.........................................
Mr M C Aljoe
Director

   
     
 

Abbey International Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor
32 Old Compton Street
London
W1D 4TP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Abbey International Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 1).

4

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

-

1,120

Amounts owed by related parties

7

446,234

449,384

   

446,234

450,504

 

Abbey International Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

7

165,476

157,471

Taxation and social security

 

1,123

1,916

Other creditors

 

7,460

39,956

 

174,059

199,343

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       
 

Abbey International Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Related party transactions

Mr M.C. Aljoe is a director of related company. At the balance sheet date:

a) Abbey Leisure Group Limited owed £93,103 (2022: £96,253) to the company.

b) Helenslea Limited owed £303,370 (2022: £303,370) to the company.

c) Compton Communications Ltd (Formerly known as Abbey Leisure Events Limited) owed £13,808 (2022: £13,808) to the company.

d) Oberon Properties Limited, a subsidiary company of Abbey Leisure Group Limited owed £35,953 (2022: £35,953) to the company. (Mr M.C. Aljoe is a director and a shareholder of Abbey Leisure Group Limited).

At the balance sheet date, the company owed:

a) £77,019 (2022: £62,019) to D.A.M. Management Limited, a company in which Mr M.C. Aljoe is a director.

b) £95,457 (2022: £95,452) to Abbey Box Office Limited, a company in which Mr M.C. Aljoe is a director.

c) £5,000 (2022: £5,000) to Mr M.C Aljoe, a director and shareholder of the company.