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Registered number: 09598428














PACEMAKER TOURING LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
PACEMAKER TOURING LIMITED
REGISTERED NUMBER:09598428

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
10,957
22,225

Cash at bank and in hand
 5 
288,843
245,291

  
299,800
267,516

Creditors: amounts falling due within one year
 6 
(89,968)
(53,822)

Net current assets
  
 
 
209,832
 
 
213,694

Total assets less current liabilities
  
209,832
213,694

  

Net assets
  
209,832
213,694


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
209,831
213,693

  
209,832
213,694


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J A Treays
Director

Date: 9 May 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PACEMAKER TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Pacemaker Touring Limited is a private company, limited by shares, registered in England and Wales, registration number 09598428. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
 
The principal activity of the company continued to be that of live music performance and touring. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from live music performance and touring activities is recognised when it is probable the company will receive the right to the consideration due under the contract.
Income from performances are recognised once the performances have taken place.
Merchandising income is recognised when the significant risks and rewards of ownership have been transferred to the buyer.
Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.
 
 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
PACEMAKER TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.

 
2.11

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).

Page 3

 
PACEMAKER TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Debtors

2024
2023
£
£


Other debtors
237
7,592

Prepayments
10,720
14,633

10,957
22,225



5.


Cash

2024
2023
£
£

Cash at bank and in hand
288,843
245,291



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
9,112
3,370

Corporation tax
28,574
14,739

Other creditors
947
2,926

Accruals
51,335
32,787

89,968
53,822



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


Transactions with the director

As at the year end, the company owed £946 (2023 - £853) to the director. The loan is unsecured, interest free and repayable on demand.
During the year, dividends of £55,000 (2023 - £50,000) was paid to the director. 

 
Page 4