Billetto UK Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 08364593 (England and Wales)
Billetto UK Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Billetto UK Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
-
-
Current assets
Debtors
4
55,371
46,153
Cash at bank and in hand
139,866
174,149
195,237
220,302
Creditors: amounts falling due within one year
5
(175,806)
(202,319)
Net current assets
19,431
17,983
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
19,430
17,982
Total equity
19,431
17,983
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 12 June 2025
P Hansen
Director
Company Registration No. 08364593
Billetto UK Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information
Billetto UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.
1.1
Accounting convention
These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The financial statements of the company are consolidated in the financial statements of Billetto ApS, a company registered in Denmark. These consolidated financial statements are available from its registered office, Trommesalen 5 1614 København V, Denmark.
1.2
Going concern
The financial statements are prepared on a going concern basis on the basis that continuous financial support will be provided by Billetto ApS, the parent entity, for the foreseeable future and at least 12 months from the date these financial statements are approved.
1.3
Turnover
Turnover represents commission charged on tickets sales net of VAT. Commission is recognised as turnover only when booked events have occurred and rights and obligations have been fully discharged. Commission received in advance of pre-booked events is recognised as deferred revenue.
Billetto UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33.3% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was: 0 (2023 - 0).
Billetto UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 January 2024
2,549
Disposals
(2,549)
At 31 December 2024
Depreciation and impairment
At 1 January 2024
2,549
Eliminated in respect of disposals
(2,549)
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
45,642
45,027
Amounts owed by group undertakings
9,729
Other debtors
-
1,126
55,371
46,153
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
158,827
165,512
Amounts owed to group undertakings
18,256
Taxation and social security
7,809
9,058
Other creditors
-
722
Accruals and deferred income
9,170
8,771
175,806
202,319
Billetto UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 5
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1
1
1
1
1
7
Related party transactions
In accordance with FRS 102 section 33 paragraph 33.1A, the company has not disclosed transactions within the wholly owned group.