Registered number
09344650
Current Events Limited
Filleted Accounts
31 December 2023
Current Events Limited
Registered number: 09344650
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 1 3,391 4,239
3,391 4,239
Current assets
Cash at bank and in hand 1,404 -
1,404 -
Creditors: amounts falling due within one year 2 (600) (2,444)
Net current assets/(liabilities) 804 (2,444)
Total assets less current liabilities 4,195 1,795
Creditors: amounts falling due after more than one year 3 (111,664) (105,795)
Net liabilities (107,469) (104,000)
Capital and reserves
Called up share capital 3 3
Profit and loss account (107,472) (104,003)
Shareholders' funds (107,469) (104,000)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
Baljinder Nanua
Director
Approved by the board on 20 September 2024
Current Events 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 - 47,236 - 47,236
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 December 2023 - 47,236 - 47,236
Depreciation
At 1 January 2023 - 42,997 - 42,997
Charge for the year - 848 - 848
Surplus on revaluation - - - -
On disposals - - - -
At 31 December 2023 - 43,845 - 43,845
Net book value
At 31 December 2023 - 3,391 - 3,391
At 31 December 2022 - 4,239 - 4,239
Freehold land and buildings: 2023 2022
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
4 Creditors: amounts falling due within one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans and overdrafts - 55
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs - 1,429
Other creditors 600 960
600 2,444
5 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans - 2,887
Obligations under finance lease and hire purchase contracts 111,664 102,908
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
111,664 105,795
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