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REGISTERED NUMBER: 04603534 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

STONELEIGH ABBEY EVENTS LIMITED

STONELEIGH ABBEY EVENTS LIMITED (REGISTERED NUMBER: 04603534)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STONELEIGH ABBEY EVENTS LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A P M Bird OBE
D Ingle





REGISTERED OFFICE: The Estate Office
Stoneleigh Abbey
Kenilworth
Warwickshire
CV8 2LF





REGISTERED NUMBER: 04603534 (England and Wales)





ACCOUNTANTS: Haines Watts (Western) Limited
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

STONELEIGH ABBEY EVENTS LIMITED (REGISTERED NUMBER: 04603534)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,698 2,221

CURRENT ASSETS
Debtors 5 49,076 128,940
Cash at bank 24,151 6,597
73,227 135,537
CREDITORS
Amounts falling due within one year 6 (59,830 ) (122,140 )
NET CURRENT ASSETS 13,397 13,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,095

15,618

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 14,095 14,618
15,095 15,618

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:



D Ingle - Director


STONELEIGH ABBEY EVENTS LIMITED (REGISTERED NUMBER: 04603534)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. COMPANY INFORMATION

Stoneleigh Abbey Events Limited 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 company's principal activities and nature of its operations are the holding of events, marketing and merchandising.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

When the outcome of a transaction can be estimated reliably, turnover from events are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to when the event has taken place.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

STONELEIGH ABBEY EVENTS LIMITED (REGISTERED NUMBER: 04603534)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Donations payable
The profits each year are donated to the holding company (a registered charity) subject to a deduction to retain a sufficient level of working capital within the company.

3. EMPLOYEES AND DIRECTORS

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

STONELEIGH ABBEY EVENTS LIMITED (REGISTERED NUMBER: 04603534)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 9,656 21,761 31,417
DEPRECIATION
At 1 December 2022 8,388 20,808 29,196
Charge for year 285 238 523
At 30 November 2023 8,673 21,046 29,719
NET BOOK VALUE
At 30 November 2023 983 715 1,698
At 30 November 2022 1,268 953 2,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 9,250
Amounts owed by group undertakings 48,068 118,179
Prepayments and accrued income 1,008 1,511
49,076 128,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 174 297
VAT 1,477 1,356
Accruals and deferred income 58,179 120,487
59,830 122,140

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Stoneleigh Abbey Limited, a company registered in England and Wales and whose registered office is The Estate Office, Stoneleigh Abbey, Kenilworth, Warwickshire CV8 2LF.