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REGISTERED NUMBER: 03561663 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Britannia Corporate Events Limited

Britannia Corporate Events Limited (Registered number: 03561663)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Britannia Corporate Events Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A M Byham
C D W Williams





REGISTERED OFFICE: 1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH





REGISTERED NUMBER: 03561663 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Britannia Corporate Events Limited (Registered number: 03561663)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 569,212 616,086
Investments 6 192,361 192,361
761,573 808,447

CURRENT ASSETS
Debtors 7 73,484 68,708
Cash at bank and in hand 82 32,330
73,566 101,038
CREDITORS
Amounts falling due within one year 8 311,321 373,810
NET CURRENT LIABILITIES (237,755 ) (272,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,818

535,675

CREDITORS
Amounts falling due after more than one
year

9

(186,891

)

(234,538

)

PROVISIONS FOR LIABILITIES (142,321 ) (154,022 )
NET ASSETS 194,606 147,115

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 99,950 99,950
Retained earnings 94,456 46,965
SHAREHOLDERS' FUNDS 194,606 147,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 profit or loss 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.

Britannia Corporate Events Limited (Registered number: 03561663)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





C D W Williams - Director


Britannia Corporate Events Limited (Registered number: 03561663)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Britannia Corporate Events Limited is a private company, limited by shares , 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Plant and machinery - 20% on cost, 15% on reducing balance, 5% on cost, Straight line over 7 years and Straight line over 10 years
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance and 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Britannia Corporate Events Limited (Registered number: 03561663)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 15,000
AMORTISATION
At 1 October 2023
and 30 September 2024 15,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Britannia Corporate Events Limited (Registered number: 03561663)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 4,508 938,848 943,356
Additions - 9,141 9,141
Disposals - (44,442 ) (44,442 )
At 30 September 2024 4,508 903,547 908,055
DEPRECIATION
At 1 October 2023 4,508 322,762 327,270
Charge for year - 39,151 39,151
Eliminated on disposal - (27,578 ) (27,578 )
At 30 September 2024 4,508 334,335 338,843
NET BOOK VALUE
At 30 September 2024 - 569,212 569,212
At 30 September 2023 - 616,086 616,086

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 192,361
NET BOOK VALUE
At 30 September 2024 192,361
At 30 September 2023 192,361

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 5,720 18,658
Amounts owed by group undertakings 15,900 5,600
Amounts owed by associates 453 -
Other debtors 51,411 44,450
73,484 68,708

Britannia Corporate Events Limited (Registered number: 03561663)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 68,097 45,675
Trade creditors 85,563 116,862
Amounts owed to associates - 1,001
Taxation and social security 61,600 40,572
Other creditors 96,061 169,700
311,321 373,810

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 186,891 234,538

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank overdraft 20,451 -
Bank loans 234,537 252,712
254,988 252,712

Marine mortgages, which have been taken out to finance the cost of purchasing sailing vessels, which are secured against the sailing vessels themselves.

The company's bankers have a fixed & floating charge over the undertaking and all the property and assets, in respect of all monies due or to become due from the company.