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REGISTERED NUMBER: 09063705 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SHORE EVENTS LIMITED

SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 200,116 115,241
Investments 5 55,564 48,877
255,680 164,118

CURRENT ASSETS
Debtors 6 3,622,299 1,659,321
Cash at bank 117,225 853,999
3,739,524 2,513,320
CREDITORS
Amounts falling due within one year 7 (3,093,456 ) (1,737,983 )
NET CURRENT ASSETS 646,068 775,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,748

939,455

CREDITORS
Amounts falling due after more than one
year

8

(42,113

)

(54,574

)

PROVISIONS FOR LIABILITIES 9 (50,000 ) (29,000 )
NET ASSETS 809,635 855,881

CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 809,524 855,770
809,635 855,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

BALANCE SHEET - continued
31 MAY 2024


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 24 September 2024 and were signed on its behalf by:





C M Lind - Director


SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Shore Events Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09063705

Registered office: Units 7-11 Lady Bee Studios
9 Riverside
Southwick
West Sussex
BN42 4BY

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Where income is received for events & management services in advance of an event taking place, this is deferred and recognised in the period the event takes place.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 and 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.


SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments held as fixed assets are recognised initially at transaction price and subsequently measured at fair value at each reporting date with changes in fair value recognised in the income and expenditure account.

3. EMPLOYEES

The average number of employees during the year was 13 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 1,530 20,343 73,605 47,284 142,762
Additions - 30,280 61,734 33,127 125,141
At 31 May 2024 1,530 50,623 135,339 80,411 267,903
DEPRECIATION
At 1 June 2023 82 1,270 6,134 20,035 27,521
Charge for year 362 10,185 19,574 10,145 40,266
At 31 May 2024 444 11,455 25,708 30,180 67,787
NET BOOK VALUE
At 31 May 2024 1,086 39,168 109,631 50,231 200,116
At 31 May 2023 1,448 19,073 67,471 27,249 115,241

SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 48,877
Revaluations 6,687
At 31 May 2024 55,564
NET BOOK VALUE
At 31 May 2024 55,564
At 31 May 2023 48,877

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2022 (3,077 )
Valuation in 2023 1,954
Valuation in 2024 6,687
Cost 50,000
55,564

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,560,099 504,869
Other debtors 1,076,074 1,035,182
Directors' current accounts 159,490 -
Tax 53,828 -
Prepayments and accrued income 772,808 119,270
3,622,299 1,659,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,461 12,461
Trade creditors 494,646 407,919
Tax 53,828 89,134
Social security and other taxes 17,948 5,597
VAT 103,583 4,818
Other creditors 4,380 15,567
Directors' current accounts - 9,779
Accruals and deferred income 2,406,610 1,192,708
3,093,456 1,737,983

SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 12,461 12,461
Bank loans - 2-5 years 29,652 42,113
42,113 54,574

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 50,000 29,000

Deferred
tax
£   
Balance at 1 June 2023 29,000
Provided during year 21,000
Accelerated Capital Allowances
Balance at 31 May 2024 50,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
C M Lind
Balance outstanding at start of year (9,779 ) (109 )
Amounts advanced 161,951 117,330
Amounts repaid (12,580 ) (127,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 139,592 (9,779 )

J L Lind
Balance outstanding at start of year - -
Amounts advanced 20,888 -
Amounts repaid (990 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,898 -

This balance represented the maximum amount outstanding during the year and has interest applied at HMRC's official rate.