REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
FOR |
THE TICKET FAIRY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
FOR |
THE TICKET FAIRY LIMITED |
THE TICKET FAIRY LIMITED (REGISTERED NUMBER: 07846008) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 December 2022 to 29 November 2023 |
Page |
Company Information | 1 |
Chartered Certified Accountants' Report | 2 |
Abridged Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
THE TICKET FAIRY LIMITED |
COMPANY INFORMATION |
for the period 1 December 2022 to 29 November 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
THE TICKET FAIRY LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Ticket Fairy Limited for the period ended 29 November 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the director of The Ticket Fairy Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Ticket Fairy Limited and state those matters that we have agreed to state to the director of The Ticket Fairy Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that The Ticket Fairy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Ticket Fairy Limited. You consider that The Ticket Fairy Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of The Ticket Fairy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
THE TICKET FAIRY LIMITED (REGISTERED NUMBER: 07846008) |
ABRIDGED BALANCE SHEET |
29 November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
5 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
THE TICKET FAIRY LIMITED (REGISTERED NUMBER: 07846008) |
ABRIDGED BALANCE SHEET - continued |
29 November 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
THE TICKET FAIRY LIMITED (REGISTERED NUMBER: 07846008) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 December 2022 to 29 November 2023 |
1. | STATUTORY INFORMATION |
The Ticket Fairy Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
THE TICKET FAIRY LIMITED (REGISTERED NUMBER: 07846008) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 December 2022 to 29 November 2023 |
2. | ACCOUNTING POLICIES - continued |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2022 |
Additions |
At 29 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for period |
At 29 November 2023 |
NET BOOK VALUE |
At 29 November 2023 |
At 30 November 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2023 | 2022 |
£ | £ |
Repayable by instalments |
Bank loans | 5,945 | 11,007 |
6. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company owed £30,580 (2022: 16,286) to Mr Depak N Patel, the sole director. |
At the balance sheet date, the company owed £900,007 (2022: £882,735) to The Ticket Fairy, Inc. and £218,448 (2022: £207,318) to The Ticket Fairy PTY Limited, Both companies are connected by virtue of common control. |
At the balance sheet date, the company was owed £29,683 (2022: £29,683) by The Ticket Fairy Private Limited and £2,061 (2022: £2,061) by M/S. The Ticket Fairy DMCC, Both companies are connected by virtue of common control. |
Also at the balance sheet date, the company paid advertisement, conference and traveling expense of £21 (2022: £1,191) to The Ticket Fairy US, The company is connected by virtue of common control. |