2 2 Great Northern Events (NW) Limited 6419531 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is the operation of arts facilities. Digita Accounts Production Advanced 6.30.9574.0 true 6419531 2023-12-01 2024-11-30 6419531 2024-11-30 6419531 core:RetainedEarningsAccumulatedLosses 2024-11-30 6419531 core:CurrentFinancialInstruments 2024-11-30 6419531 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 6419531 core:FurnitureFittingsToolsEquipment 2024-11-30 6419531 bus:SmallEntities 2023-12-01 2024-11-30 6419531 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 6419531 bus:FilletedAccounts 2023-12-01 2024-11-30 6419531 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 6419531 bus:RegisteredOffice 2023-12-01 2024-11-30 6419531 bus:Director1 2023-12-01 2024-11-30 6419531 bus:CompanyLimitedByGuarantee 2023-12-01 2024-11-30 6419531 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 6419531 core:PlantMachinery 2023-12-01 2024-11-30 6419531 countries:EnglandWales 2023-12-01 2024-11-30 6419531 2023-11-30 6419531 core:FurnitureFittingsToolsEquipment 2023-11-30 6419531 2022-12-01 2023-11-30 6419531 2023-11-30 6419531 core:RetainedEarningsAccumulatedLosses 2023-11-30 6419531 core:CurrentFinancialInstruments 2023-11-30 6419531 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 6419531 core:FurnitureFittingsToolsEquipment 2023-11-30 xbrli:pure iso4217:GBP

Registration number: 6419531

Great Northern Events (NW) Limited

(A company limited by guarantee)

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Great Northern Events (NW) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Great Northern Events (NW) Limited

(Registration number: 6419531)
Statement of Financial Position as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

770

1,027

Current assets

 

Debtors

5

6,107

7,764

Cash at bank and in hand

 

72,479

45,853

 

78,586

53,617

Creditors: Amounts falling due within one year

6

(10,663)

(14,174)

Net current assets

 

67,923

39,443

Net assets

 

68,693

40,470

Reserves

 

Retained earnings

68,693

40,470

Surplus

 

68,693

40,470

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 and 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 16 May 2025 and signed on its behalf by:
 

Ann-Marie Franey
Director

   
     
 

Great Northern Events (NW) Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
1 Norman Road
Heaton Moor
Stockport
Cheshire
SK4 4HJ

These financial statements were authorised for issue by the Board on 16 May 2025.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

 

Great Northern Events (NW) Limited

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

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

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.

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.

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 2 (2023 - 2).

 

Great Northern Events (NW) Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

3,414

3,414

At 30 November 2024

3,414

3,414

Depreciation

At 1 December 2023

2,387

2,387

Charge for the year

257

257

At 30 November 2024

2,644

2,644

Carrying amount

At 30 November 2024

770

770

At 30 November 2023

1,027

1,027

5

Debtors

Current

2024
£

2023
£

Trade debtors

6,107

1,897

Other debtors

-

5,867

 

6,107

7,764

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

326

7,898

Taxation and social security

1,936

1,759

Accruals and deferred income

4,025

-

Other creditors

4,376

4,517

10,663

14,174