Registered number
07360191
P-R Event Productions Ltd
Filleted Accounts
31 March 2025
P-R Event Productions Ltd
Registered number: 07360191
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 149,837 177,200
Current assets
Debtors 4 679,700 710,461
Cash at bank and in hand 549,979 463,258
1,229,679 1,173,719
Creditors: amounts falling due within one year 5 (155,590) (218,960)
Net current assets 1,074,089 954,759
Total assets less current liabilities 1,223,926 1,131,959
Provisions for liabilities (37,458) (44,299)
Net assets 1,186,468 1,087,660
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,186,466 1,087,658
Shareholders' funds 1,186,468 1,087,660
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R C Tarling - Toley
Director
Approved by the board on 18 August 2025
P-R Event Productions Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 416,018 84,553 500,571
Additions 450 13,500 13,950
Disposals - (14,468) (14,468)
At 31 March 2025 416,468 83,585 500,053
Depreciation
At 1 April 2024 270,790 52,581 323,371
Charge for the year 29,135 11,097 40,232
On disposals - (13,387) (13,387)
At 31 March 2025 299,925 50,291 350,216
Net book value
At 31 March 2025 116,543 33,294 149,837
At 31 March 2024 145,228 31,972 177,200
4 Debtors 2025 2024
£ £
Trade debtors 116,346 105,900
Director's loan 423,461 454,323
Other debtors 139,893 150,238
679,700 710,461
5 Creditors: amounts falling due within one year 2025 2024
£ £
Director's loan 5 5
Taxation and social security costs 155,080 217,932
Other creditors 505 1,023
155,590 218,960
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P L Tarling - Toley
Loan 1 85,088 - - 85,088
Loan 2 30,034 - - 30,034
Loan 3 19,497 - - 19,497
Loan 4 80,793 - (60,000) 20,793
Loan 5 - 44,569 - 44,569
R Tarling - Toley
Loan 1 85,088 - - 85,088
Loan 2 53,533 - - 53,533
Loan 3 19,497 - - 19,497
Loan 4 80,793 - (60,000) 20,793
Loan 5 - 44,569 - 44,569
454,323 89,138 (120,000) 423,461
7 Controlling party
The controlling party are the directors'.
8 Other information
P-R Event Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Coach House
1a Chapel Hill
Islip
Northants
NN14 3JP
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