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REGISTERED NUMBER: 06786886 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SWAN EVENTS LIMITED

SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWAN EVENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Ms K L Cooke
Mr P Rusbridge





REGISTERED OFFICE: 4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE





REGISTERED NUMBER: 06786886 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 9,000
Tangible assets 5 1,767 1,714
Investments 6 19,998 19,998
28,765 30,712

CURRENT ASSETS
Debtors 7 113,706 355,864
Cash at bank and in hand 368,286 146,025
481,992 501,889
CREDITORS
Amounts falling due within one year 8 119,938 193,646
NET CURRENT ASSETS 362,054 308,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,819

338,955

CREDITORS
Amounts falling due after more than one
year

9

(12,199

)

(22,397

)

PROVISIONS FOR LIABILITIES 11 (402 ) (3,330 )
NET ASSETS 378,218 313,228

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 378,216 313,226
SHAREHOLDERS' FUNDS 378,218 313,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)

BALANCE SHEET - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





Mr P Rusbridge - Director


SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Swan Events Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 provision of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Group accounts
The accounts present information about the company as an individual undertaking and not about its
group. The company and its subsidiary undertaking comprise a small-sized group. The company has
therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to
prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,002
AMORTISATION
At 1 April 2023 11,002
Amortisation for year 2,000
At 31 March 2024 13,002
NET BOOK VALUE
At 31 March 2024 7,000
At 31 March 2023 9,000

SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 683 2,105 2,788
Additions - 650 650
At 31 March 2024 683 2,755 3,438
DEPRECIATION
At 1 April 2023 605 469 1,074
Charge for year 78 519 597
At 31 March 2024 683 988 1,671
NET BOOK VALUE
At 31 March 2024 - 1,767 1,767
At 31 March 2023 78 1,636 1,714

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 19,998
NET BOOK VALUE
At 31 March 2024 19,998
At 31 March 2023 19,998

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Upgrade Publishing Ltd
Registered office: Studio 1305a, Goldhawk Road, London, W12 8EU
Nature of business: Publishing
%
Class of shares: holding
Ordinary 60.00
30.9.23 30.9.22
£    £   
Aggregate capital and reserves (6,837 ) (16,352 )
Profit/(loss) for the year 9,515 (2,394 )

SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 79,224 36,849
Amounts owed by group undertakings - 319,015
Other debtors 12,300 -
Prepayments and accrued income 22,182 -
113,706 355,864

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) 10,205 9,953
Trade creditors 7,251 16,886
Taxation 19,694 69,425
Social security and other taxes 236 324
Value added tax 7,288 3,179
Other creditors 2,334 -
Directors' current accounts 253 605
Accruals and deferred income 72,677 93,274
119,938 193,646

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 12,199 22,397

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,205 9,953

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,199 20,668

Amounts falling due between two and five years:
Bank loans - 2-5 years - 1,729

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 402 3,330

SWAN EVENTS LIMITED (REGISTERED NUMBER: 06786886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 3,330
Provided during year (2,928 )
Balance at 31 March 2024 402

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2