Iguana Exhibitions Limited 02812853 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is that of event management solutions Digita Accounts Production Advanced 6.30.9574.0 true 02812853 2023-12-01 2024-11-30 02812853 2024-11-30 02812853 core:CapitalRedemptionReserve 2024-11-30 02812853 core:RetainedEarningsAccumulatedLosses 2024-11-30 02812853 core:ShareCapital 2024-11-30 02812853 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-11-30 02812853 core:CurrentFinancialInstruments 2024-11-30 02812853 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 02812853 core:Non-currentFinancialInstruments 2024-11-30 02812853 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 02812853 core:FurnitureFittingsToolsEquipment 2024-11-30 02812853 core:LandBuildings 2024-11-30 02812853 core:MotorVehicles 2024-11-30 02812853 bus:SmallEntities 2023-12-01 2024-11-30 02812853 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 02812853 bus:FilletedAccounts 2023-12-01 2024-11-30 02812853 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 02812853 bus:RegisteredOffice 2023-12-01 2024-11-30 02812853 bus:Director3 2023-12-01 2024-11-30 02812853 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 02812853 core:ComputerEquipment 2023-12-01 2024-11-30 02812853 core:FurnitureFittings 2023-12-01 2024-11-30 02812853 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 02812853 core:LandBuildings 2023-12-01 2024-11-30 02812853 core:MotorCars 2023-12-01 2024-11-30 02812853 core:MotorVehicles 2023-12-01 2024-11-30 02812853 core:KeyManagementPersonnel 2023-12-01 2024-11-30 02812853 countries:AllCountries 2023-12-01 2024-11-30 02812853 2023-11-30 02812853 core:CostValuation 2023-11-30 02812853 core:FurnitureFittingsToolsEquipment 2023-11-30 02812853 core:LandBuildings 2023-11-30 02812853 core:MotorVehicles 2023-11-30 02812853 2022-12-01 2023-11-30 02812853 2023-11-30 02812853 core:CapitalRedemptionReserve 2023-11-30 02812853 core:RetainedEarningsAccumulatedLosses 2023-11-30 02812853 core:ShareCapital 2023-11-30 02812853 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-11-30 02812853 core:CurrentFinancialInstruments 2023-11-30 02812853 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 02812853 core:Non-currentFinancialInstruments 2023-11-30 02812853 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 02812853 core:FurnitureFittingsToolsEquipment 2023-11-30 02812853 core:LandBuildings 2023-11-30 02812853 core:MotorVehicles 2023-11-30 iso4217:GBP xbrli:pure

Registration number: 02812853

Iguana Exhibitions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Iguana Exhibitions Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Iguana Exhibitions Limited

(Registration number: 02812853)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

111,947

164,766

Investments

5

49

49

 

111,996

164,815

Current assets

 

Debtors

6

447,444

485,452

Cash at bank and in hand

 

799,824

473,410

 

1,247,268

958,862

Creditors: Amounts falling due within one year

7

(772,337)

(493,583)

Net current assets

 

474,931

465,279

Total assets less current liabilities

 

586,927

630,094

Creditors: Amounts falling due after more than one year

7

(101,326)

(198,065)

Net assets

 

485,601

432,029

Capital and reserves

 

Called up share capital

6,085

9,335

Capital redemption reserve

7,165

3,915

Retained earnings

472,351

418,779

Shareholders' funds

 

485,601

432,029

 

Iguana Exhibitions Limited

(Registration number: 02812853)
Balance Sheet as at 30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2025 and signed on its behalf by:
 

.........................................
Mrs R Mason
Director

   
     
 

Iguana Exhibitions Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Five Mile House
128 Hanbury Road
Stoke Prior
Bromsgrove
B60 4JZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Iguana Exhibitions Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance

Computer Equipment

33.33% Straight Line

Fixtures and Fittings

20% Straight Line

Short Leasehold

Over the Lease Term

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call 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 of change in value.

 

Iguana Exhibitions Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Iguana Exhibitions Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 14).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

42,233

298,324

206,833

547,390

Additions

-

1,166

41,861

43,027

Disposals

-

-

(94,048)

(94,048)

At 30 November 2024

42,233

299,490

154,646

496,369

Depreciation

At 1 December 2023

42,233

262,260

78,131

382,624

Charge for the year

-

16,504

28,612

45,116

Eliminated on disposal

-

-

(43,318)

(43,318)

At 30 November 2024

42,233

278,764

63,425

384,422

Carrying amount

At 30 November 2024

-

20,726

91,221

111,947

At 30 November 2023

-

36,064

128,702

164,766

 

Iguana Exhibitions Limited

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

5

Investments

2024
£

2023
£

Investments in associates

49

49

Associates

£

Cost

At 1 December 2023

49

Carrying amount

At 30 November 2024

49

At 30 November 2023

49

6

Debtors

2024
£

2023
£

Trade debtors

 

190,323

34,359

Owed by related parties

9

86,428

98,373

Other debtors

 

170,693

352,720

Total current trade and other debtors

 

447,444

485,452

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

102,957

110,623

Trade creditors

 

277,990

150,674

Taxation and social security

 

126,830

44,414

Accruals and deferred income

 

69,765

35,008

Other creditors

 

194,795

152,864

 

772,337

493,583

Due after one year

 

Loans and borrowings

8

101,326

198,065

 

Iguana Exhibitions Limited

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

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

47,747

129,599

Hire purchase contracts

53,579

68,466

101,326

198,065

2024
£

2023
£

Current loans and borrowings

Bank borrowings

81,852

81,852

Hire purchase contracts

21,105

28,771

102,957

110,623

9

Related party transactions

Key management personnel

At the end of the financial year, the company has an outstanding aggregate loan to two directors amounting to £72,222 (2023 £286,378). This loan is interest-free and repayable on demand. The loan was fully repaid within 9 months of the year end.