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Company registration number: 12623438







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2022


MARCUS EVANS EVENTS CANADA LTD






































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MARCUS EVANS EVENTS CANADA LTD
 


 
COMPANY INFORMATION


Directors
T Burraway 
M Van Os 




Registered number
12623438



Registered office
Magnus House
7th Floor

3 Lower Thames Street

London

EC3R 6HE




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


MARCUS EVANS EVENTS CANADA LTD
 



CONTENTS



Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6

 


MARCUS EVANS EVENTS CANADA LTD
REGISTERED NUMBER:12623438



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022

2022
Unaudited 2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,671
-

  
19,671
-

Current assets
  

Debtors: amounts falling due within one year
 5 
62,934
100

Cash at bank and in hand
  
66,421
-

  
129,355
100

Creditors: amounts falling due within one year
 6 
(178,630)
-

Net current (liabilities)/assets
  
 
 
(49,275)
 
 
100

Total assets less current liabilities
  
(29,604)
100

  

Net (liabilities)/assets
  
(29,604)
100


Capital and reserves
  

Called up share capital 
  
100
100

Foreign exchange reserve
  
(600)
-

Profit and loss account
  
(29,104)
-

  
(29,604)
100


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 by: 




................................................
M Van Os
Director
Date: 7 October 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 


MARCUS EVANS EVENTS CANADA LTD
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022


Called up share capital
Foreign exchange reserve
Profit and loss account
Total equity

£
£
£
£


At 1 October 2020
100
-
-
100


Other comprehensive income for the year
-
-
-
-



At 1 October 2021
100
-
-
100


Comprehensive income for the year

Loss for the year
-
-
(29,104)
(29,104)

Currency translation differences
-
(600)
-
(600)


At 30 September 2022
100
(600)
(29,104)
(29,604)


The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


MARCUS EVANS EVENTS CANADA LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.


General information

Marcus Evans Events Canada Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is Magna House, 7th Floor, 3 Lower Thames Street, London, EC3R 6HE. Its principal place of business is 999 de Maisonneuve West, Montreal, QC, Canada, H3A 3L4.
The company commenced trading from October 2021. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Company has net liabilities of £29,604. However, within total liabilities of £178,630 there are intercompany creditors of £131,740.
Marcus Evans Holdings (IOM) Ltd has confirmed that currently, as a major creditor of the UK company, it will not demand repayment of the amounts outstanding until such a time that the Company is able to make repayments without having a detrimental impact on the Company. The period for not demanding payment is at least 12 months from the date of signing these financial statements.
Marcus Evans Holdings (IOM) Ltd has also confirmed that it will currently continue to provide financial resources as may be required for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements.
At the time of approving the financial statements, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and Company also has group financial support available in case of financial difficulties. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional currency is the Canadian Dollar, being the currency of the primary economic environment in which the company operates. The company's presentational currency is GBP. 

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 


MARCUS EVANS EVENTS CANADA LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

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:

Leasehold improvements
-
Over the length of the lease
Office equipment
-
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.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees




The average monthly number of employees during the year was 0 (2021 -0).

Page 4

 


MARCUS EVANS EVENTS CANADA LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

4.


Tangible fixed assets





Leasehold improvements
Office equipment
Total

£
£
£



Cost or valuation


Additions
15,290
6,840
22,130



At 30 September 2022

15,290
6,840
22,130



Depreciation


Charge for the year on financed assets
1,699
760
2,459



At 30 September 2022

1,699
760
2,459



Net book value



At 30 September 2022
13,591
6,080
19,671



At 30 September 2021
-
-
-
Page 5

 


MARCUS EVANS EVENTS CANADA LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5.


Debtors

2022
Unaudited 2021
£
£


Other debtors
62,834
-

Called up share capital not paid
100
100

62,934
100



6.


Creditors: Amounts falling due within one year

2022
Unaudited 2021
£
£

Trade creditors
25,673
-

Amounts owed to group undertakings
131,740
-

Accruals and deferred income
21,217
-

178,630
-



7.


Commitments under operating leases

At 30 September 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
Unaudited 2021
£
£


Not later than 1 year
95,967
-

Later than 1 year and not later than 5 years
159,945
-

255,912
-


8.


Controlling party

The parent company of the smallest and largest group of which the company is a member and for which group accounts are prepared is Marcus Evans Conferences Ltd, the address of its registered office is Magnus House, 7th Floor, 3 Lower Thames Street, London, EC3R 6HE. 

9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2022 was unqualified.

The audit report was signed on 7 October 2024 by Andrew Cook FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 6