2023-02-012024-01-312024-01-31false11161796Hellotickets Limited2025-01-31falseiso4217:GBPxbrli:pure111617962023-02-01111617962024-01-31111617962023-02-012024-01-31111617962022-02-01111617962023-01-31111617962022-02-012023-01-3111161796bus:SmallEntities2023-02-012024-01-3111161796bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3111161796bus:FullAccounts2023-02-012024-01-3111161796bus:PrivateLimitedCompanyLtd2023-02-012024-01-3111161796core:WithinOneYear2024-01-3111161796core:AfterOneYear2024-01-3111161796core:WithinOneYear2023-01-3111161796core:AfterOneYear2023-01-3111161796core:ShareCapital2024-01-3111161796core:SharePremium2024-01-3111161796core:RevaluationReserve2024-01-3111161796core:OtherReservesSubtotal2024-01-3111161796core:RetainedEarningsAccumulatedLosses2024-01-3111161796core:ShareCapital2023-01-3111161796core:SharePremium2023-01-3111161796core:RevaluationReserve2023-01-3111161796core:OtherReservesSubtotal2023-01-3111161796core:RetainedEarningsAccumulatedLosses2023-01-3111161796core:LandBuildings2024-01-3111161796core:PlantMachinery2024-01-3111161796core:Vehicles2024-01-3111161796core:FurnitureFittings2024-01-3111161796core:OfficeEquipment2024-01-3111161796core:NetGoodwill2024-01-3111161796core:IntangibleAssetsOtherThanGoodwill2024-01-3111161796core:ListedExchangeTraded2024-01-3111161796core:UnlistedNon-exchangeTraded2024-01-3111161796core:LandBuildings2023-01-3111161796core:PlantMachinery2023-01-3111161796core:Vehicles2023-01-3111161796core:FurnitureFittings2023-01-3111161796core:OfficeEquipment2023-01-3111161796core:NetGoodwill2023-01-3111161796core:IntangibleAssetsOtherThanGoodwill2023-01-3111161796core:ListedExchangeTraded2023-01-3111161796core:UnlistedNon-exchangeTraded2023-01-3111161796core:LandBuildings2023-02-012024-01-3111161796core:PlantMachinery2023-02-012024-01-3111161796core:Vehicles2023-02-012024-01-3111161796core:FurnitureFittings2023-02-012024-01-3111161796core:OfficeEquipment2023-02-012024-01-3111161796core:NetGoodwill2023-02-012024-01-3111161796core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111161796core:ListedExchangeTraded2023-02-012024-01-3111161796core:UnlistedNon-exchangeTraded2023-02-012024-01-3111161796core:MoreThanFiveYears2023-02-012024-01-3111161796core:Non-currentFinancialInstruments2024-01-3111161796core:Non-currentFinancialInstruments2023-01-3111161796dpl:CostSales2023-02-012024-01-3111161796dpl:DistributionCosts2023-02-012024-01-3111161796core:LandBuildings2023-02-012024-01-3111161796core:PlantMachinery2023-02-012024-01-3111161796core:Vehicles2023-02-012024-01-3111161796core:FurnitureFittings2023-02-012024-01-3111161796core:OfficeEquipment2023-02-012024-01-3111161796dpl:AdministrativeExpenses2023-02-012024-01-3111161796core:NetGoodwill2023-02-012024-01-3111161796core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111161796dpl:GroupUndertakings2023-02-012024-01-3111161796dpl:ParticipatingInterests2023-02-012024-01-3111161796dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3111161796core:ListedExchangeTraded2023-02-012024-01-3111161796dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3111161796core:UnlistedNon-exchangeTraded2023-02-012024-01-3111161796dpl:CostSales2022-02-012023-01-3111161796dpl:DistributionCosts2022-02-012023-01-3111161796core:LandBuildings2022-02-012023-01-3111161796core:PlantMachinery2022-02-012023-01-3111161796core:Vehicles2022-02-012023-01-3111161796core:FurnitureFittings2022-02-012023-01-3111161796core:OfficeEquipment2022-02-012023-01-3111161796dpl:AdministrativeExpenses2022-02-012023-01-3111161796core:NetGoodwill2022-02-012023-01-3111161796core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3111161796dpl:GroupUndertakings2022-02-012023-01-3111161796dpl:ParticipatingInterests2022-02-012023-01-3111161796dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3111161796core:ListedExchangeTraded2022-02-012023-01-3111161796dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3111161796core:UnlistedNon-exchangeTraded2022-02-012023-01-3111161796core:NetGoodwill2024-01-3111161796core:IntangibleAssetsOtherThanGoodwill2024-01-3111161796core:LandBuildings2024-01-3111161796core:PlantMachinery2024-01-3111161796core:Vehicles2024-01-3111161796core:FurnitureFittings2024-01-3111161796core:OfficeEquipment2024-01-3111161796core:AfterOneYear2024-01-3111161796core:WithinOneYear2024-01-3111161796core:ListedExchangeTraded2024-01-3111161796core:UnlistedNon-exchangeTraded2024-01-3111161796core:ShareCapital2024-01-3111161796core:SharePremium2024-01-3111161796core:RevaluationReserve2024-01-3111161796core:OtherReservesSubtotal2024-01-3111161796core:RetainedEarningsAccumulatedLosses2024-01-3111161796core:NetGoodwill2023-01-3111161796core:IntangibleAssetsOtherThanGoodwill2023-01-3111161796core:LandBuildings2023-01-3111161796core:PlantMachinery2023-01-3111161796core:Vehicles2023-01-3111161796core:FurnitureFittings2023-01-3111161796core:OfficeEquipment2023-01-3111161796core:AfterOneYear2023-01-3111161796core:WithinOneYear2023-01-3111161796core:ListedExchangeTraded2023-01-3111161796core:UnlistedNon-exchangeTraded2023-01-3111161796core:ShareCapital2023-01-3111161796core:SharePremium2023-01-3111161796core:RevaluationReserve2023-01-3111161796core:OtherReservesSubtotal2023-01-3111161796core:RetainedEarningsAccumulatedLosses2023-01-3111161796core:NetGoodwill2022-02-0111161796core:IntangibleAssetsOtherThanGoodwill2022-02-0111161796core:LandBuildings2022-02-0111161796core:PlantMachinery2022-02-0111161796core:Vehicles2022-02-0111161796core:FurnitureFittings2022-02-0111161796core:OfficeEquipment2022-02-0111161796core:AfterOneYear2022-02-0111161796core:WithinOneYear2022-02-0111161796core:ListedExchangeTraded2022-02-0111161796core:UnlistedNon-exchangeTraded2022-02-0111161796core:ShareCapital2022-02-0111161796core:SharePremium2022-02-0111161796core:RevaluationReserve2022-02-0111161796core:OtherReservesSubtotal2022-02-0111161796core:RetainedEarningsAccumulatedLosses2022-02-0111161796core:AfterOneYear2023-02-012024-01-3111161796core:WithinOneYear2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3111161796core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3111161796core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3111161796core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3111161796core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3111161796core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3111161796core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3111161796core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3111161796core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3111161796core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3111161796core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3111161796core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3111161796core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3111161796core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3111161796core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3111161796core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3111161796core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3111161796core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3111161796core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3111161796bus:Director12023-02-012024-01-3111161796bus:Director22023-02-012024-01-31

Hellotickets Limited

Registered Number
11161796
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Hellotickets Limited
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

J D Largo
J P Mckee

Registered Address

Building 423 - Sky View (Ro) Argosy Road, Castle Donington
East Midlands Airport
Derby
DE74 2SA

Registered Number

11161796 (England and Wales)
Hellotickets Limited
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments32,411,2662,198,759
2,411,2662,198,759
Current assets
Debtors43,57292,113
Cash at bank and on hand97,434223,602
101,006315,715
Net current assets (liabilities)101,006315,715
Total assets less current liabilities2,512,2722,514,474
Net assets2,512,2722,514,474
Capital and reserves
Called up share capital1,032971
Share premium2,698,7642,347,392
Other reserves-351,434
Profit and loss account(187,524)(185,323)
Shareholders' funds2,512,2722,514,474
The financial statements were approved and authorised for issue by the Board of Directors on 31 January 2025, and are signed on its behalf by:
J D Largo
Director
Registered Company No. 11161796
Hellotickets Limited
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
HelloTickets 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.
Statement of compliance
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
Functional and presentation currency
The financial statements are presented in pound sterling (£), which is the company’s functional currency, and figures are rounded to the nearest whole pound.
Going concern
The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due, and that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
There have been no significant judgements or estimates applied to the numbers contained within these financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the transaction providing that; the amount of revenue associated with the transaction can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, the stage of completion of the transaction can be measured reliably and the costs incurred or to be incurred in respect of completing the transaction can be measured reliably.
Operating leases
Rentals paid under operating leases are charged to income statement on a straight line basis over the period of the lease.
Foreign currency translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each reporting period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.
Current taxation
Taxation for the year comprises current 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 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 statement of financial position date. Group relief of trading losses has been claimed to utilised some of the losses incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. During the 2024 financial year, the company issued 69,376 ordinary shares of £0.001 each, which were fully paid. The consideration for these shares had been received in the previous financial year and recorded under advance subscriptions within other reserves. The total proceeds of £351,434 were reclassified from advance subscriptions to share capital and share premium upon the issuance of the shares in the 2024 financial year.
2.Average number of employees

20242023
Average number of employees during the year00
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 February 232,198,7592,198,759
Additions212,507212,507
At 31 January 242,411,2662,411,266
Net book value
At 31 January 242,411,2662,411,266
At 31 January 232,198,7592,198,759

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings-88,113
Other debtors3,5724,000
Total3,57292,113
5.Parent-subsidiary relationships
The financial statements contain information about Hellotickets Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirement to prepare consolidated financial statements.