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REGISTERED NUMBER: 12520687 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

FIRST EXHIBITION (HOLDINGS) LIMITED

FIRST EXHIBITION (HOLDINGS) LIMITED (REGISTERED NUMBER: 12520687)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIRST EXHIBITION (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: R F Turnbull
M B Turnbull





SECRETARY: Ms N J Turnbull





REGISTERED OFFICE: Venture House The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR





REGISTERED NUMBER: 12520687 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

FIRST EXHIBITION (HOLDINGS) LIMITED (REGISTERED NUMBER: 12520687)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 79,205 102,356

CURRENT ASSETS
Debtors 5 103,818 1,918
Investments 6 29,754 29,753
Cash at bank 374,910 445,585
508,482 477,256
CREDITORS
Amounts falling due within one year 7 27,982 135,858
NET CURRENT ASSETS 480,500 341,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,705

443,754

CAPITAL AND RESERVES
Called up share capital 8 29,751 29,751
Retained earnings 529,954 414,003
SHAREHOLDERS' FUNDS 559,705 443,754

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

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

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 6th March 2025 and were signed on its behalf by:





R F Turnbull - Director


FIRST EXHIBITION (HOLDINGS) LIMITED (REGISTERED NUMBER: 12520687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

First Exhibition (Holdings) 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
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

Basic 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 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, where 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.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

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

FIRST EXHIBITION (HOLDINGS) LIMITED (REGISTERED NUMBER: 12520687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023
and 31st October 2024 86,182 3,162 75,205 5,675 170,224
DEPRECIATION
At 1st November 2023 37,030 1,543 25,327 3,968 67,868
Charge for year 12,288 324 9,976 563 23,151
At 31st October 2024 49,318 1,867 35,303 4,531 91,019
NET BOOK VALUE
At 31st October 2024 36,864 1,295 39,902 1,144 79,205
At 31st October 2023 49,152 1,619 49,878 1,707 102,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 103,818 -
Other debtors - 1,918
103,818 1,918

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 29,754 29,753

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 121,342
Taxation and social security 27,982 14,516
27,982 135,858

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,749 Ordinary £1 15,749 15,749
1 Ordinary 'A' £1 1 1
6,563 Ordinary 'B' £1 6,563 6,563
7,438 Ordinary 'C' £1 7,438 7,438
29,751 29,751