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REGISTERED NUMBER: 10406271 (England and Wales)















This Event Company Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






This Event Company Ltd (Registered number: 10406271)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


This Event Company Ltd

Company Information
for the year ended 31 December 2023







Director: S M Smith





Registered office: F4 Beehive Yard
Bath
Avon
BA1 5BT





Registered number: 10406271 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

This Event Company Ltd (Registered number: 10406271)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - 44
Tangible assets 5 9,161 11,214
9,161 11,258

Current assets
Debtors 6 16,885 33,195
Cash at bank 12,402 1,483
29,287 34,678
Creditors
Amounts falling due within one
year

7

926,589

900,359
Net current liabilities (897,302 ) (865,681 )
Total assets less current
liabilities

(888,141

)

(854,423

)

Creditors
Amounts falling due after more
than one year

8

333,232

333,232
Net liabilities (1,221,373 ) (1,187,655 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings (1,221,473 ) (1,187,755 )
Shareholders' funds (1,221,373 ) (1,187,655 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

This Event Company Ltd (Registered number: 10406271)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 2 October 2024 and were signed by:





S M Smith - Director


This Event Company Ltd (Registered number: 10406271)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

This Event Company Ltd 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.

2. Accounting policies

Accounting convention
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 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 pound.

The financial statements have been prepared under 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 and the ultimate controlling party will give continued support. Hence the directors continue to adopt the going concern basis of accounting in preparing the financial statements. In addition, the parent company, has confirmed that amounts owed will not be called upon until there are sufficient funds to repay.

This Event Company Ltd (Registered number: 10406271)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Management recharges
Management recharges are levied from the parent company. The recharge which includes salary and overhead costs is based on management's assessment and apportionment of the amount of time spend on the affairs of This Event Company Ltd.

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Depreciation and amortisation
The director considers the depreciation and amortisation policy to be a crucial accounting estimate. The expected useful life of all fixed asset categories are reviewed annually by management based on industry experience and are considered reasonable.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software3 years straight line

This Event Company Ltd (Registered number: 10406271)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery etc3 - 5 years straight line

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

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 in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, loans from connected companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

This Event Company Ltd (Registered number: 10406271)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Intangible fixed assets
Software
£
Cost
At 1 January 2023
and 31 December 2023 56,491
Amortisation
At 1 January 2023 56,447
Amortisation for year 44
At 31 December 2023 56,491
Net book value
At 31 December 2023 -
At 31 December 2022 44

5. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023
and 31 December 2023 392,404
Depreciation
At 1 January 2023 381,190
Charge for year 2,053
At 31 December 2023 383,243
Net book value
At 31 December 2023 9,161
At 31 December 2022 11,214

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 8,795 8,795
Amounts owed by group undertakings - 3,747
Other debtors 8,090 20,653
16,885 33,195

This Event Company Ltd (Registered number: 10406271)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 95,086 85,387
Amounts owed to group undertakings 610,271 612,667
Other creditors 221,232 202,305
926,589 900,359

8. Creditors: amounts falling due after more than one
year
2023 2022
£ £
Other creditors 333,232 333,232

9. Leasing agreements
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023 2022
£    £   

nil 4,599

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

11. Related party disclosures

The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with group companies.

At the year end, the company owes the director of the ultimate parent company £333,232 (2022 - £333,232). The movement in the year represents net monies paid to the company of £Nil (2022 - £25,000). This is included in other creditors due after more than one year.

12. Parent company

The company's ultimate parent company is That Topco Limited, a company incorporated in England and Wales.