IRIS Accounts Production v24.3.2.46 08896722 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088967222023-05-31088967222024-05-31088967222023-06-012024-05-31088967222022-05-31088967222022-06-012023-05-31088967222023-05-3108896722ns15:EnglandWales2023-06-012024-05-3108896722ns14:PoundSterling2023-06-012024-05-3108896722ns10:Director12023-06-012024-05-3108896722ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108896722ns10:SmallEntities2023-06-012024-05-3108896722ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3108896722ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108896722ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108896722ns10:FullAccounts2023-06-012024-05-310889672212023-06-012024-05-3108896722ns10:Director22023-06-012024-05-3108896722ns10:RegisteredOffice2023-06-012024-05-3108896722ns5:CurrentFinancialInstruments2024-05-3108896722ns5:CurrentFinancialInstruments2023-05-3108896722ns5:ShareCapital2024-05-3108896722ns5:ShareCapital2023-05-3108896722ns5:RetainedEarningsAccumulatedLosses2024-05-3108896722ns5:RetainedEarningsAccumulatedLosses2023-05-3108896722ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3108896722ns5:ComputerSoftware2023-06-012024-05-3108896722ns5:FurnitureFittings2023-06-012024-05-3108896722ns5:IntangibleAssetsOtherThanGoodwill2023-05-3108896722ns5:IntangibleAssetsOtherThanGoodwill2024-05-3108896722ns5:IntangibleAssetsOtherThanGoodwill2023-05-3108896722ns5:FurnitureFittings2023-05-3108896722ns5:FurnitureFittings2024-05-3108896722ns5:FurnitureFittings2023-05-3108896722ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3108896722ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3108896722ns5:AcceleratedTaxDepreciationDeferredTax2024-05-3108896722ns5:AcceleratedTaxDepreciationDeferredTax2023-05-3108896722ns5:DeferredTaxation2023-05-3108896722ns5:DeferredTaxation2023-06-012024-05-3108896722ns5:DeferredTaxation2024-05-31
REGISTERED NUMBER: 08896722 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

CHRISTMAS FUNCTIONS LIMITED

CHRISTMAS FUNCTIONS LIMITED (REGISTERED NUMBER: 08896722)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHRISTMAS FUNCTIONS LIMITED

Company Information
for the year ended 31 May 2024







DIRECTORS: P Greier
M Rabadia





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 08896722 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

CHRISTMAS FUNCTIONS LIMITED (REGISTERED NUMBER: 08896722)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,969 3,959
Tangible assets 5 65,403 85,955
68,372 89,914

CURRENT ASSETS
Stocks 6 265,600 182,963
Debtors 7 3,276,670 3,700,504
Cash at bank and in hand 468,487 267,988
4,010,757 4,151,455
CREDITORS
Amounts falling due within one year 8 (187,123 ) (525,132 )
NET CURRENT ASSETS 3,823,634 3,626,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,892,006

3,716,237

PROVISIONS FOR LIABILITIES 9 (17,093 ) (21,489 )
NET ASSETS 3,874,913 3,694,748

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,874,813 3,694,648
SHAREHOLDERS' FUNDS 3,874,913 3,694,748

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

CHRISTMAS FUNCTIONS LIMITED (REGISTERED NUMBER: 08896722)

Statement of Financial Position - continued
31 May 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





P Greier - Director


CHRISTMAS FUNCTIONS LIMITED (REGISTERED NUMBER: 08896722)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Christmas Functions 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 represents sales of goods and services net of VAT and trade discounts. Turnover is recognised when the goods and services are provided to the customer.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Cash and cash equivalent
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.

Creditors
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.

CHRISTMAS FUNCTIONS LIMITED (REGISTERED NUMBER: 08896722)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 4,949
AMORTISATION
At 1 June 2023 990
Charge for year 990
At 31 May 2024 1,980
NET BOOK VALUE
At 31 May 2024 2,969
At 31 May 2023 3,959

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023 329,525
Additions 1,249
At 31 May 2024 330,774
DEPRECIATION
At 1 June 2023 243,570
Charge for year 21,801
At 31 May 2024 265,371
NET BOOK VALUE
At 31 May 2024 65,403
At 31 May 2023 85,955

6. STOCKS
31/5/24 31/5/23
£    £   
Finished goods 265,600 182,963

CHRISTMAS FUNCTIONS LIMITED (REGISTERED NUMBER: 08896722)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors 600,987 552,528
Amounts owed by related companies 2,669,029 3,147,976
Other debtors 6,654 -
3,276,670 3,700,504

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 10,199 -
Amounts owed to related companies 70,000 70,000
Taxation and social security 81,146 79,266
Other creditors 25,778 375,866
187,123 525,132

9. PROVISIONS FOR LIABILITIES
31/5/24 31/5/23
£    £   
Deferred tax
Accelerated capital allowances 17,093 21,489

Deferred
tax
£   
Balance at 1 June 2023 21,489
Credit to Income Statement during year (4,396 )
Balance at 31 May 2024 17,093

10. CAPITAL COMMITMENTS

There are no capital commitments contracted in the year.

11. RELATED PARTY DISCLOSURES

At the year end the company owed an amount of £25,727 (2023 - £25,727) to the directors.

Included in other debtors there is an amount of £2,669,028 (2023 - £3,147,975), due from Bavarian Winter Wonderland Limited, a company under the same control of the directors/shareholders.

Included in other debtors there is an amount of £567,758 (2023- £552,528) due from Franke Fahrzeugbau , a German company under the same control of one of the directors/ shareholders.

Included in other creditors there is an amount of £70,000 (2023 - £70,000) due to Bavarian Gold Limited, a company under the same control of one of the directors.

12. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their direct interest in the whole of the issued share capital.