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REGISTERED NUMBER: 07783340 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2024

for

Destination Events (Holdings) Limited

Destination Events (Holdings) Limited (Registered number: 07783340)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 6


Destination Events (Holdings) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R C Bone
Mrs G Bone





REGISTERED OFFICE: Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY





REGISTERED NUMBER: 07783340 (England and Wales)





ACCOUNTANTS: PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY

Destination Events (Holdings) Limited (Registered number: 07783340)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of was that of a holding company, providing management services to its trading subsidiary which organises promotional events.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

R C Bone
Mrs G Bone

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R C Bone - Director


26 March 2025

Destination Events (Holdings) Limited (Registered number: 07783340)

Income Statement
for the Year Ended 30 June 2024

2024 2023
Notes £    £   

TURNOVER 328,400 56,000

Administrative expenses 54,782 56,717
273,618 (717 )

Other operating income 2,000 2,000
OPERATING PROFIT 4 275,618 1,283


Interest payable and similar expenses 5 -
PROFIT BEFORE TAXATION 275,613 1,283

Tax on profit 886 547
PROFIT FOR THE FINANCIAL YEAR 274,727 736

Destination Events (Holdings) Limited (Registered number: 07783340)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,194,326 1,159,818
Investments 6 1,000 1,000
1,195,326 1,160,818

CURRENT ASSETS
Debtors: amounts falling due within one year 7 14,222 14,034
Cash at bank 42,286 31,923
56,508 45,957
CREDITORS
Amounts falling due within one year 8 765,741 723,009
NET CURRENT LIABILITIES (709,233 ) (677,052 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,093

483,766

PROVISIONS FOR LIABILITIES 111,132 84,674
NET ASSETS 374,961 399,092

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 9 319,288 345,746
Retained earnings 53,673 51,346
374,961 399,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Destination Events (Holdings) Limited (Registered number: 07783340)

Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





R C Bone - Director


Destination Events (Holdings) Limited (Registered number: 07783340)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Destination Events (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
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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - not provided
Improvements to property - 10% per annum on reducing balance
Fixtures and fittings - 20% per annum on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Destination Events (Holdings) Limited (Registered number: 07783340)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 1,717 1,920

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold Long to and
property leasehold property fittings Totals
£    £    £    £    £   
COST
At 1 July 2023 65,394 1,077,400 52,567 9,364 1,204,725
Additions 36,225 - - - 36,225
At 30 June 2024 101,619 1,077,400 52,567 9,364 1,240,950
DEPRECIATION
At 1 July 2023 - - 36,412 8,495 44,907
Charge for year - - 1,556 161 1,717
At 30 June 2024 - - 37,968 8,656 46,624
NET BOOK VALUE
At 30 June 2024 101,619 1,077,400 14,599 708 1,194,326
At 30 June 2023 65,394 1,077,400 16,155 869 1,159,818

During the year ended 30 June 2016, one of the directors, RC Bone, revalued the long leasehold by £430,420 to reflect its fair value of £1,000,000. It had previously been recorded at historical cost of £569,580.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1,000
NET BOOK VALUE
At 30 June 2024 1,000
At 30 June 2023 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 571 1,441
Prepayments and accrued income 13,651 12,593
14,222 14,034

Destination Events (Holdings) Limited (Registered number: 07783340)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,479 8,952
Amounts owed to group undertakings 308,638 265,522
Corporation tax 886 547
Directors' current accounts 445,738 445,738
Accruals and deferred income - 2,250
765,741 723,009

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023 345,746
Cash share issue (26,458 )

At 30 June 2024 319,288

10. RELATED PARTY DISCLOSURES

The directors, R C Bone and G Bone, are also directors and shareholders of Destination Events Limited.

During the year, Destination Events (Holdings) Limited received fees of £56,000 (2023: £56,000), and dividends of £189,400 (2023: £NIL).

At the balance sheet date £308,638 was due to (2023: £265,522) Destination Events Limited.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.