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EVENTINGLIVE LIMITED
(A Company Limited by Guarantee)
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FOR THE YEAR ENDED 15 MARCH 2024
The company is a private company limited by guarantee and domiciled in England and Wales, registration number 09544145. The registered office is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, England, RG19 6AB. The principal place of business is 1 The Hall Barns, Furneaux Pelham, Buntingford, Hertfordshire, SG9 0TR.
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:
During the year the company made a loss before tax of £3,057 (2023: loss of £3,085). At the year end the company has net liabilities of £62,002 (2023: £58,945). The directors have reviewed the results and future plans which indicate that they expect the company to be able to meet current and future liabilities as they fall due.
The directors have also noted that given that the initial seed funding of £89,960 (other creditors) was provided to the company on the basis that repayment of the loans would be dependent upon the company’s ability to generate sufficient revenues (which to date have not materialised as anticipated) and in the absence of any other creditors, the directors consider that the company remains a going concern.
Investments in associates are measured at cost less accumulated impairment.
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Associates and joint ventures
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Associates and Joint Ventures are held at cost less impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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