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REGISTERED NUMBER: 08301133 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Worlds Biggest Events Ltd

Worlds Biggest Events Ltd (Registered number: 08301133)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Worlds Biggest Events Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: T L Norton





SECRETARY: T L Norton





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 08301133 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Worlds Biggest Events Ltd (Registered number: 08301133)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 100,546 99,481

CURRENT ASSETS
Stocks 34,257 24,119
Debtors 6 182,834 161,538
Cash at bank and in hand 365,009 279,694
582,100 465,351
CREDITORS
Amounts falling due within one year 7 88,760 75,101
NET CURRENT ASSETS 493,340 390,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,886

489,731

CREDITORS
Amounts falling due after more than one
year

8

(13,260

)

(36,005

)

PROVISIONS FOR LIABILITIES (24,223 ) (24,870 )
NET ASSETS 556,403 428,856

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 556,303 428,756
SHAREHOLDERS' FUNDS 556,403 428,856

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Worlds Biggest Events Ltd (Registered number: 08301133)

Balance Sheet - continued
30 November 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 director and authorised for issue on 31 March 2025 and were signed by:





T L Norton - Director


Worlds Biggest Events Ltd (Registered number: 08301133)

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


1. STATUTORY INFORMATION

Worlds Biggest Events Ltd 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. 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Worlds Biggest Events Ltd (Registered number: 08301133)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 206,416
Additions 47,295
At 30 November 2024 253,711
DEPRECIATION
At 1 December 2023 106,935
Charge for year 46,230
At 30 November 2024 153,165
NET BOOK VALUE
At 30 November 2024 100,546
At 30 November 2023 99,481

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 182,834 161,538

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 18,627 12,720
Taxation and social security 53,257 45,537
Other creditors 16,876 16,844
88,760 75,101

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 7,427 20,172
Other creditors 5,833 15,833
13,260 36,005

Worlds Biggest Events Ltd (Registered number: 08301133)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Other loans 15,833 25,833

The directors have provided personal guarantees for the loan provided by Love Finance.

10. RELATED PARTY DISCLOSURES

Mr T L Norton who is a director and shareholder of this company, is also a director and shareholder of Twenty20one Limited.

At the year end the company is owed £175,247 (2023 £135,247) by Twenty20one Limited. The loan is interest free and there is no set repayment date.