Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31truefalse22trueEvent organisation.truetruetrue2022-11-01truetrue 08705601 2022-11-01 2023-10-31 08705601 2021-11-01 2022-10-31 08705601 2023-10-31 08705601 2022-10-31 08705601 c:Director1 2022-11-01 2023-10-31 08705601 c:Director2 2022-11-01 2023-10-31 08705601 d:FurnitureFittings 2022-11-01 2023-10-31 08705601 d:CurrentFinancialInstruments 2023-10-31 08705601 d:CurrentFinancialInstruments 2022-10-31 08705601 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08705601 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08705601 d:ShareCapital 2023-10-31 08705601 d:ShareCapital 2022-10-31 08705601 d:RetainedEarningsAccumulatedLosses 2023-10-31 08705601 d:RetainedEarningsAccumulatedLosses 2022-10-31 08705601 c:OrdinaryShareClass1 2022-11-01 2023-10-31 08705601 c:OrdinaryShareClass1 2023-10-31 08705601 c:OrdinaryShareClass1 2022-10-31 08705601 c:FRS102 2022-11-01 2023-10-31 08705601 c:Audited 2022-11-01 2023-10-31 08705601 c:FullAccounts 2022-11-01 2023-10-31 08705601 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08705601 c:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08705601 4 2022-11-01 2023-10-31 08705601 10 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08705601









BOOMTOWN EVENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
BOOMTOWN EVENTS LIMITED
REGISTERED NUMBER: 08705601

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,049
-

Cash at bank and in hand
 5 
4,807
170

  
5,856
170

Creditors: amounts falling due within one year
 6 
(10,155)
(3,575)

Net current liabilities
  
 
 
(4,299)
 
 
(3,405)

Total assets less current liabilities
  
(4,299)
(3,405)

  

Net liabilities
  
(4,299)
(3,405)


Capital and reserves
  

Called up share capital 
 7 
4
4

Profit and loss account
  
(4,303)
(3,409)

  
(4,299)
(3,405)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.




C Rutherford
L M Mitchell
Director
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
BOOMTOWN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Boomtown Events Limited is a private company limited by shares and is registered and incorporated in England and Wales, United Kingdom, registration number 08705601. The address of the registered office is 126 Albert Road, St. Philips, Bristol, England BS2 0YA. The principal activity of the company was that of event organisation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Circus of Boom Limited as at 31 October 2023 and these financial statements may be obtained from 126 Albert Road, St. Philips, Bristol, England, BS2 0YA.

 
2.3

Going concern

The directors review the business position and react accordingly, taking necessary steps where appropriate. The directors believe that the business has sufficient prospect of trade and cash reserves to continue to trade for a period of no less than twelve months from the approval of these accounts.

Page 2

 
BOOMTOWN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
BOOMTOWN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 4

 
BOOMTOWN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.11

Financial liabilities

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Financial liabilities within the scope of IAS 39 are initially classified as financial liabilities at fair value through profit or loss, loans and borrowings, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.
The Group determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value and in the case of loans and borrowings, plus directly attributable transaction costs.
Subsequently, the measurement of financial liabilities depends on their classification as follows:

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss includes financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss.

Financial liabilities are classified as held for trading if they are acquired for the purpose of repurchasing in the near term. Derivatives, including separately embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
1,049
-

1,049
-



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,807
170

4,807
170


Page 5

 
BOOMTOWN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
9,305
-

Accruals and deferred income
850
3,575

10,155
3,575



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



4 (2022 - 4) Ordinary shares of £1.00 each
4
4



8.


Related party transactions

The company has taken advantage of the exemption in section 33 of FRS 102 from disclosing transactions or balances between wholly owned group entities.


9.


Controlling party

The immediate UK parent undertaking for which consolidated accounts are prepared is Circus of Boom Limited. These consolidated accounts may be obtained from the Companies House website.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2023 was unqualified.

The audit report was signed on 31 July 2024 by Matthew Wells ACA (Senior Statutory Auditor) on behalf of Haslers.

 
Page 6