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REGISTERED NUMBER: 08301133 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Worlds Biggest Events Ltd

Worlds Biggest Events Ltd (Registered number: 08301133)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Worlds Biggest Events Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: T L Norton
Mrs R E Norton





SECRETARY: T L Norton





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 08301133 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Worlds Biggest Events Ltd (Registered number: 08301133)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 99,481 25,025

CURRENT ASSETS
Stocks 24,119 13,293
Debtors 6 161,538 159,687
Cash at bank and in hand 279,694 137,791
465,351 310,771
CREDITORS
Amounts falling due within one year 7 75,101 45,301
NET CURRENT ASSETS 390,250 265,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,731

290,495

CREDITORS
Amounts falling due after more than one
year

8

(36,005

)

(32,898

)

PROVISIONS FOR LIABILITIES (24,870 ) (4,755 )
NET ASSETS 428,856 252,842

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 428,756 252,742
SHAREHOLDERS' FUNDS 428,856 252,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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.

Worlds Biggest Events Ltd (Registered number: 08301133)

Balance Sheet - continued
30 November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





T L Norton - Director


Worlds Biggest Events Ltd (Registered number: 08301133)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Worlds Biggest Events Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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 - 25% on cost and 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Worlds Biggest Events Ltd (Registered number: 08301133)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 97,200
Additions 109,216
At 30 November 2023 206,416
DEPRECIATION
At 1 December 2022 72,175
Charge for year 34,760
At 30 November 2023 106,935
NET BOOK VALUE
At 30 November 2023 99,481
At 30 November 2022 25,025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 161,538 159,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 12,720 12,720
Taxation and social security 45,537 30,930
Other creditors 16,844 1,651
75,101 45,301

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 20,172 32,898
Other creditors 15,833 -
36,005 32,898

Worlds Biggest Events Ltd (Registered number: 08301133)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Other loans 25,833 -

The directors have provided personal guarantees for the loan provided by Love Finance.

10. RELATED PARTY DISCLOSURES

Mr T L Norton who is a director and shareholder of this company, is also a director and shareholder of:

Twenty20one Limited.

At the year end this company is owed the following amounts:

Twenty20one Limited:
Loan £135,247 (2022 £153,247) The loan is interest free and there is no set repayment date.