Company registration number: 03840118
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FOR THE YEAR ENDED
30 SEPTEMBER 2022
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MARCUS EVANS (GERMANY) LIMITED
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MARCUS EVANS (GERMANY) LIMITED
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COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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MARCUS EVANS (GERMANY) LIMITED
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CONTENTS
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Statement of financial position
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Statement of changes in equity
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Notes to the financial statements
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MARCUS EVANS (GERMANY) LIMITED
REGISTERED NUMBER:03840118
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STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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
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The notes on pages 3 to 9 form part of these financial statements.
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MARCUS EVANS (GERMANY) LIMITED
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Comprehensive income for the year
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Currency translation differences
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Comprehensive income for the year
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Currency translation differences
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The notes on pages 3 to 9 form part of these financial statements.
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MARCUS EVANS (GERMANY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Marcus Evans (Germany) Limited is a private company limited by shares, registered in England and Wales. The address of its registered office and principal place of business can be found on the company information page.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The Company has net current liabilities of £1,303,740 (2021: £1,260,178). Within total liabilities of £1,525,252 (2021: £1,421,788) there are inter-company creditors of £1,409,858 (2021: 1,023,454).
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.
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Foreign currency translation
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Functional and presentation currency
The Company's functional currency is Euro, being the currency of the primary economic environemnt in which the company operates, and its 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.
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MARCUS EVANS (GERMANY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
Revenue arises from the provision of services in respect of management and arrangement of conferences. Revenue is measured at the fair value of the consideration received or receivable and represents amounts for the provision of services in the normal course of business, net of discounts and other sales-related taxes.
Revenue is recognised at the completion of the conference, until which point the amounts invoiced are recorded as a deferred income.
Annual net income for all accounting periods is automatically allocated to the company in accordance with the provisions of the Profit and Loss Transfer Agreement with its wholly owned subsidiary, Linguarama Spracheninstitut GmbH. Net income is calculated as the profit for the year after any transfers to reserves.
Directly attributable event expenses are recognised in the year in which the event has been completed. Expenses that relate to an event taking place in a subsequent financial year but paid prior to the year end are recorded as prepayments in the statement of financial position.
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.
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:
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
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MARCUS EVANS (GERMANY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
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.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
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The average monthly number of employees during the year was 7 (2021 -14).
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MARCUS EVANS (GERMANY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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MARCUS EVANS (GERMANY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Investments in subsidiary companies
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An impairment has been recognised in the year following an assessment of the carrying value of the investment within the subsidiary as at 30 September 2022, based on the estimated future cashflows of the entity.
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MARCUS EVANS (GERMANY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Due after more than one year
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Commitments under operating leases
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At 30 September 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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A restatement in the prior year commitments column has been included in this year's financial statements as they were omitted in the financial statements that were filed for the year ended 30 September 2021.
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MARCUS EVANS (GERMANY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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 (Formerly Marcus Evans (UK Holdings) Limited), the address of its registered office is Magnus House, 7th Floor, 3 Lower Thames Street, London, EC3R 6HE.
The auditors' report on the financial statements for the year ended 30 September 2022 was unqualified.
The audit report was signed on 9 October 2024 by Andrew Cook FCA (Senior statutory auditor) on behalf of Menzies LLP.
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