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COMPANY REGISTRATION NUMBER: 05308243
Conferences UK Limited
Filleted Unaudited Financial Statements
30 November 2024
Conferences UK Limited
Financial Statements
Year ended 30th November 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Conferences UK Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
24,711
24,711
Tangible assets
6
18,538
20,162
--------
--------
43,249
44,873
Current assets
Debtors
7
252,756
233,870
Cash at bank and in hand
52,064
30,917
---------
---------
304,820
264,787
Creditors: amounts falling due within one year
8
184,497
186,342
---------
---------
Net current assets
120,323
78,445
---------
---------
Total assets less current liabilities
163,572
123,318
Creditors: amounts falling due after more than one year
9
54,005
71,961
---------
---------
Net assets
109,567
51,357
---------
---------
Capital and reserves
Called up share capital
90
90
Share premium account
29,980
29,980
Capital redemption reserve
10
10
Profit and loss account
79,487
21,277
---------
--------
Shareholders funds
109,567
51,357
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Conferences UK Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
Mr S. J. Thompson
Director
Company registration number: 05308243
Conferences UK Limited
Notes to the Financial Statements
Year ended 30th November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jactin House, Hood Street, Manchester, M4 6WX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting 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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property Improvements
-
15% reducing balance
Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Intangible assets
Development costs
£
Cost
At 1st December 2023 and 30th November 2024
24,711
--------
Amortisation
At 1st December 2023 and 30th November 2024
--------
Carrying amount
At 30th November 2024
24,711
--------
At 30th November 2023
24,711
--------
6. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1st December 2023
2,840
133,383
136,223
Additions
1,647
1,647
-------
---------
---------
At 30th November 2024
2,840
135,030
137,870
-------
---------
---------
Depreciation
At 1st December 2023
2,588
113,473
116,061
Charge for the year
38
3,233
3,271
-------
---------
---------
At 30th November 2024
2,626
116,706
119,332
-------
---------
---------
Carrying amount
At 30th November 2024
214
18,324
18,538
-------
---------
---------
At 30th November 2023
252
19,910
20,162
-------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
141,976
123,484
Other debtors
110,780
110,386
---------
---------
252,756
233,870
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
17,956
17,956
Trade creditors
114,184
142,714
Social security and other taxes
43,590
11,613
Other creditors
8,767
14,059
---------
---------
184,497
186,342
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
54,005
71,961
--------
--------
10. Related party transactions
The company was under the control of S.J. Thompson throughout the current and previous year. S.J. Thompson is the managing director. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 1a.
11. Controlling party
The company is a wholly owned subsidiary of Accommodation for Students (Holdings) Limited, a company incorporated in England and Wales.