| Registered Number:SC334842 |
For the year ended 31 March 2025
Scotland
Report of the Directors and Unaudited Financial Statements
For the year ended 31 March 2025
Eventage Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Eventage Limited
Statement of Financial Position
31/3/2024
31/3/2025
| Property, plant and equipment |
5,483
3,730
3
422,073
441,792
4
447,275
425,803
| Trade and other receivables |
26,770
17,478
5
734,211
| Cash and cash equivalents |
797,447
814,925
760,981
| Trade and other payables: amounts falling due within one year |
(329,302)
(265,391)
6
431,679
549,534
Net current assets
| Total assets less current liabilities |
996,809
857,482
| Trade and other payables: amounts falling due after more than |
| one year |
-
(1,058)
(6,485)
(2,739)
| Provisions for liabilities |
989,266
Net assets
854,743
1
1
25,142
9,169
964,123
845,573
989,266
854,743
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
Eventage Limited
Statement of Financial Position Continued
| Mrs Christine Lawson Director |
| These financial statements were approved and authorised for issue by the Board on 23 July 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Eventage Limited
Notes to the Financial Statements
Statutory Information
| Eventage Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC334842. |
| Principal place of business: |
Hazeltonhead Farm
Mearnskirk
Glasgow
East Renfrewshire
G77 6RS
223 Ayr Road
Newton Mearns
Glasgow
G77 6AH
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
| There were no material departures from that standard. |
| The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
| assets to fair value where required. |
Revenue recognition
| Turnover is recognised at the fair value of consideration received or receivable for event organisation costs and services provided in the normal course of business. Turnover is shown net of VAT and other sales related taxes.Fair value takes into consideration, any trade or settlement discounts and volume rebates. Revenue from the organisation and management of eventss is recognised when the risk or rewards of ownership have been passed to the customer (this is normally the date of the event). The value should be measured reliably recognising both revenue and costs associated with the transaction. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. |
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
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For the year ended 31 March 2025
Eventage Limited
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
| The company makes lump sum contributions into the director's personal pension scheme. Contributions paid are charged to the profit and loss account in the period in which they are paid. |
Financial Instruments
| The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial |
| Instruments Issues" of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's statement of financial position when the company becomes party to |
| the contractual provisions of a financial instrument. |
| Basic financial instruments, including trade and other receivables, cash and bank balances, trade and other payables, bank |
| and other loans are initially measured at transaction price and subsequently carried at amortised cost. Financial assets and |
| liabilities classified as receivable/payable within one year are not amortised. |
| Investments in non-convertable preference and non-puttable ordinary shares are measured at cost less impairment in the first |
| year and subsequently at fair value, with changes recognised in profit or loss. |
Investments
Investments in shares are included at cost less impairment, unless their fair value can be measured reliably.
| 2. Intangible fixed assets |
Goodwill
21,000
21,000
21,000
21,000
-
-
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For the year ended 31 March 2025
Eventage Limited
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
19,945
11,823
8,122
4,141
3,892
249
8,371
15,715
24,086
| Provision for depreciation and impairment |
16,215
11,311
4,904
Charge for year
2,388
1,695
693
18,603
13,006
5,597
2,774
2,709
5,483
3,218
512
3,730
| 4. Investments held as fixed assets |
422,073
422,073
19,719
19,719
441,792
441,792
441,792
441,792
422,073
422,073
| The company owns a share investment in ZOE Limited at a cost of £10,165. As this is a start up venture, no reliable method |
| of valuation is available at the balance sheet date. |
| The company also holds a £400,000 investment bond. |
| 5. Trade and other receivables |
31/3/2024
31/3/2025
17,478
26,770
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For the year ended 31 March 2025
Eventage Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due within one year |
31/3/2024
31/3/2025
| Taxation and social security |
64,841
30,559
200,550
298,743
265,391
329,302
| 7. Directors advances and guarantees |
Mrs Christine Lawson
Director's loan
-
1,803
-
1,803
| Related party relationships and transactions: |
| During the year, £30,000 of dividends were paid to the director. |
| The Company also paid director's pension contributions of £60,000. |
| The director was owed £1,059 at the Balance Sheet date. The loan is non-interest bearing and there are no fixed repayment |
| terms. |
| 8. Average number of persons employed |
During the year the average number of employees was 1 (2024 : 1)
| The financial statements for the year ended 31 March 2025 of Eventage Limited comply with FRS102 (The Financial |
| Reporting Standard applicable in the UK and ROI). |
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