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REGISTERED NUMBER: 05152713 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASSOCIATION OF EVENT VENUES LIMITED

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


ASSOCIATION OF EVENT VENUES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: D Thurlow
J Rees
A J Griffin
M Bull
S Sayer
K Villa
I Taylor
J Broughton
P Lorimer
P Michael
R Wicks
A J O'Sullivan
L Hoinkes
S C Marshall





SECRETARY: D Gazzi





REGISTERED OFFICE: 119 High Street
Berkhamsted
Hertfordshire
HP4 2DJ





REGISTERED NUMBER: 05152713 (England and Wales)





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

REPORT OF THE DIRECTORS
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a trade association for event venues.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

D Thurlow
J Rees
A J Griffin
M Bull
S Sayer
K Villa
I Taylor
J Broughton
P Lorimer
P Michael

Other changes in directors holding office are as follows:

S C Hinds - resigned 14 June 2024
A L Gibb - resigned 27 March 2024
R Wicks - appointed 20 March 2024
A J O'Sullivan - appointed 20 March 2024
L Hoinkes - appointed 14 June 2024
S C Marshall - appointed 14 June 2024

R Kitching ceased to be a director after 31 December 2024 but prior to the date of this report.

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:





I Taylor - Director


1 May 2025

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

INCOME STATEMENT
for the Year Ended 31 December 2024

2024 2023
£    £   

TURNOVER 366,279 295,053

Cost of sales 259,140 214,198
GROSS SURPLUS 107,139 80,855

Administrative expenses 57,499 59,701
OPERATING SURPLUS 49,640 21,154

Interest receivable and similar income 5,939 4,388
SURPLUS BEFORE TAXATION 55,579 25,542

Tax on surplus 5,696 1,536
SURPLUS FOR THE FINANCIAL YEAR 49,883 24,006

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 157 192

CURRENT ASSETS
Debtors 5 181,940 98,733
Cash at bank 331,298 309,997
513,238 408,730
CREDITORS
Amounts falling due within one year 6 288,604 234,014
NET CURRENT ASSETS 224,634 174,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,791

174,908

RESERVES
Capital reserve 7 70,000 70,000
Income and expenditure account 7 154,791 104,908
224,791 174,908

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 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 1 May 2025 and were signed on its behalf by:



I Taylor - Director


ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Association of Event Venues Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 and revenue recognition
Turnover represents amounts receivable, excluding value added tax.
Event income is recognised in the period that the event takes place.
Subscriptions fee income is recognised in the period to which it relates as is partnership and other income .
Fees and other amounts paid in advance for the following year are treated as deferred income.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

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

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 192
Disposals (35 )
At 31 December 2024 157
NET BOOK VALUE
At 31 December 2024 157
At 31 December 2023 192

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Events Industry Alliance Limited
Registered office: 119 High Street, Berkhamsted, Hertfordshire. HP4 2DJ.
Nature of business: Providing secretariat services.
%
Class of shares: holding
Ordinary C shares 100.00
Ordinary D shares 15.65
2024 2023
£    £   
Aggregate capital and reserves 38,191 41,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,875 96,820
Other debtors 65 1,913
181,940 98,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,440 22,581
Corporation tax 5,696 1,536
VAT 27,317 21,681
Accruals and deferred income 245,151 188,216
288,604 234,014

ASSOCIATION OF EVENT VENUES LIMITED (REGISTERED NUMBER: 05152713)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. RESERVES
Income
and
expenditure Capital
account reserve Totals
£    £    £   

At 1 January 2024 104,908 70,000 174,908
Surplus for the year 49,883 49,883
At 31 December 2024 154,791 70,000 224,791

8. RELATED PARTY DISCLOSURES

The company subcontracts its day to day management, accounting and secretariat function to Events Industry Alliance Limited (EIA). EIA charged the company £229,038 (2023 - £178,503) for these services.

Also during the year, EIA recharged expenses of £14,936 to AEV (2023 - £12,449).

At the year end the company owed EIA £9,943 (2023 - £16,672).

The company is a trade association for event venues and its board of directors is made up of members whose companies will benefit from this association.

On occasions the company may use the products and services of companies which are associated with its directors and members. This trade is under normal commercial terms.

9. SHARE CAPITAL

The company is limited by guarantee and does not have share capital. If the company is wound up, and its liabilities exceed its assets, the liability of the members is limited to £100 each.

10. CONTROL

The company does not consider it has an ultimate controlling party.