Registered number
10861698
Experience Ticketing Limited
Filleted Accounts
31 December 2023
Experience Ticketing Limited
Registered number: 10861698
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 1,793,856 1,237,722
Cash at bank and in hand 15,913 4,449
1,809,769 1,242,171
Creditors: amounts falling due within one year 5 (976,818) (595,278)
Net current assets 832,951 646,893
Total assets less current liabilities 832,951 646,893
Creditors: amounts falling due after more than one year 6 (52,569) -
Net assets 780,382 646,893
Capital and reserves
Called up share capital 100 100
Profit and loss account 780,282 646,793
Shareholders' funds 780,382 646,893
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Barley
Director
Approved by the board on 26 July 2024
Experience Ticketing Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: J A Brookfield
Firm: Brookfield & Co
Date of audit report: 26 July 2024
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
4 Debtors 2023 2022
£ £
Trade debtors 1,038 1,038
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,783,167 1,236,684
Other debtors 9,651 -
1,793,856 1,237,722
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 42,815 -
Trade creditors 13,302 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 892,192 582,389
Taxation and social security costs 7,058 7,447
Accruals and deferred Income 19,841 5,442
Other creditors 1,610 -
976,818 595,278
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 52,569 -
Other creditors -
7 Other information
Experience Ticketing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit B3.1 Bussey Building
133 Copeland Road
London
England
SE15 3SN
The directors of the company consider Rooftop Cinema Group Limited to be it's ultimate holding company.
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