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ARENA ENTERTAINMENT (UK) LTD

Unaudited Financial Statements

for the Year Ended 30 November 2023






ARENA ENTERTAINMENT (UK) LTD (REGISTERED NUMBER: 06754604)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6

Chartered Accountants' Report 7

ARENA ENTERTAINMENT (UK) LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: B McManus
H McManus



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 06754604 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Virgin Money
94-96 Briggate
Leeds
LS1 6NP

ARENA ENTERTAINMENT (UK) LTD (REGISTERED NUMBER: 06754604)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,452 2,107
1,453 2,108

CURRENT ASSETS
Debtors 6 43,285 20,637
Cash at bank and in hand 43,339 56,900
86,624 77,537
CREDITORS
Amounts falling due within one year 7 33,523 29,256
NET CURRENT ASSETS 53,101 48,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,554

50,389

CREDITORS
Amounts falling due after more than one
year

8

30,000

30,000
NET ASSETS 24,554 20,389

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,454 20,289
SHAREHOLDERS' FUNDS 24,554 20,389

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.

ARENA ENTERTAINMENT (UK) LTD (REGISTERED NUMBER: 06754604)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





B McManus - Director


ARENA ENTERTAINMENT (UK) LTD (REGISTERED NUMBER: 06754604)

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


1. STATUTORY INFORMATION

Arena Entertainment (UK) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ARENA ENTERTAINMENT (UK) LTD (REGISTERED NUMBER: 06754604)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 30,000
AMORTISATION
At 1 December 2022
and 30 November 2023 29,999
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 7,243 1,200 8,443
DEPRECIATION
At 1 December 2022 5,536 800 6,336
Charge for year 256 399 655
At 30 November 2023 5,792 1,199 6,991
NET BOOK VALUE
At 30 November 2023 1,451 1 1,452
At 30 November 2022 1,707 400 2,107

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 43,285 17,262
Prepayments - 3,375
43,285 20,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Clients account 1,229 5,179
Tax 2,069 890
Social security and other taxes - 339
VAT 6,747 8,072
Directors' loan accounts 19,713 12,842
Accrued expenses 3,765 1,934
33,523 29,256

ARENA ENTERTAINMENT (UK) LTD (REGISTERED NUMBER: 06754604)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Directors loan account 30,000 30,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Arena Entertainment (UK) Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arena Entertainment (UK) Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Arena Entertainment (UK) Ltd, as a body, in accordance with the terms of our engagement letter dated 20 November 2008. Our work has been undertaken solely to prepare for your approval the financial statements of Arena Entertainment (UK) Ltd and state those matters that we have agreed to state to the Board of Directors of Arena Entertainment (UK) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arena Entertainment (UK) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arena Entertainment (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arena Entertainment (UK) Ltd. You consider that Arena Entertainment (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arena Entertainment (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


5 August 2024