Acorah Software Products - Accounts Production 14.6.300 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11820283 Ms Carmen Gil Prados Mr Enrique Gil Cabrera true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11820283 2023-02-28 11820283 2024-02-28 11820283 2023-03-01 2024-02-28 11820283 frs-core:CurrentFinancialInstruments 2024-02-28 11820283 frs-core:ShareCapital 2024-02-28 11820283 frs-core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-28 11820283 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11820283 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11820283 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11820283 frs-bus:SmallEntities 2023-03-01 2024-02-28 11820283 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11820283 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11820283 1 2023-03-01 2024-02-28 11820283 frs-bus:Director1 2023-03-01 2024-02-28 11820283 frs-bus:Director1 2023-02-28 11820283 frs-bus:Director1 2024-02-28 11820283 frs-bus:Director2 2023-03-01 2024-02-28 11820283 frs-core:CurrentFinancialInstruments 1 2024-02-28 11820283 frs-core:CurrentFinancialInstruments 2 2024-02-28 11820283 frs-countries:EnglandWales 2023-03-01 2024-02-28 11820283 2022-02-28 11820283 2023-02-28 11820283 2022-03-01 2023-02-28 11820283 frs-core:CurrentFinancialInstruments 2023-02-28 11820283 frs-core:ShareCapital 2022-02-28 11820283 frs-core:ShareCapital 2023-02-28 11820283 frs-core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 11820283 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-02-28 11820283 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11820283 frs-core:CurrentFinancialInstruments 1 2023-02-28 11820283 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 11820283
Phase 20 Events Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11820283
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 14,393 11,939
Cash at bank and in hand 19,161 58,223
33,554 70,162
Creditors: Amounts Falling Due Within One Year 5 (75,992 ) (70,670 )
NET CURRENT ASSETS (LIABILITIES) (42,438 ) (508 )
TOTAL ASSETS LESS CURRENT LIABILITIES (42,438 ) (508 )
NET LIABILITIES (42,438 ) (508 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (42,538 ) (608 )
SHAREHOLDERS' FUNDS (42,438) (508)
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Carmen Gil Prados
Director
19/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 March 2022 100 (5,617 ) (5,517)
Profit for the year and total comprehensive income - 5,009 5,009
As at 28 February 2023 and 1 March 2023 100 (608 ) (508)
Loss for the year and total comprehensive income - (41,930 ) (41,930)
As at 28 February 2024 100 (42,538 ) (42,438)
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Phase 20 Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11820283 . The registered office is 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,440 11,440
Prepayment 798 399
Other debtors - Unpaid Share Capital 100 100
Pension Payable 4 -
VAT 1,974 -
Other taxes and social security 77 -
14,393 11,939
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,189 (522 )
VAT - 400
Other creditor - 126
Loan from Intercompany 71,941 69,846
Directors' loan accounts 862 820
75,992 70,670
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Ms Carmen Gil Prados 820 42 - - 862
The above loan is unsecured, interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party are Ms Carmen Gil Prados by virtue of his ownership of 50% but not more than 75% and Enrique Gil Cabrera 25% but not more than 50% of the issued share capital in the company.
Page 4