ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 30 September 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 12591989

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2023

	MARCUS EVANS EVENTS SPAIN LTD


MARCUS EVANS EVENTS SPAIN LTD

COMPANY INFORMATION

Directors	N R Walker
	S C King


Registered number	12591989


Registered office	20 Farringdon Street
	11th Floor
	London
	EC4A 4AB


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


MARCUS EVANS EVENTS SPAIN LTD

CONTENTS

	Page
Statement of Financial Position	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 - 6


MARCUS EVANS EVENTS SPAIN LTD REGISTERED NUMBER:12591989

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	3		21,473		33,067
			21,473		33,067
Current assets
Debtors: amounts falling due within one year	5	87,214		205,813
Cash at bank and in hand		12,176		190,621
		99,390		396,434
Creditors: amounts falling due within one year	6	(2,133,248)		(1,529,914)
Net current liabilities			(2,033,858)		(1,133,480)
Total assets less current liabilities			(2,012,385)		(1,100,413)

Net liabilities			(2,012,385)		(1,100,413)

Capital and reserves
Called up share capital	100	100
Foreign exchange reserve	(44,870)	(45,440)
Profit and loss account	(1,967,615)	(1,055,073)
	(2,012,385)	(1,100,413)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

N R Walker

Director

Date: 17 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 1


MARCUS EVANS EVENTS SPAIN LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2023

	Called up share capital	Foreign exchange reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 October 2021	100	-	-	100
Comprehensive income for the year
Loss for the year	-	-	(1,055,073)	(1,055,073)
Currency translation differences	-	(45,440)	-	(45,440)

At 1 October 2022	100	(45,440)	(1,055,073)	(1,100,413)
Comprehensive income for the year
Loss for the year	-	-	(912,542)	(912,542)
Currency translation differences	-	570	-	570
At 30 September 2023	100	(44,870)	(1,967,615)	(2,012,385)

The notes on pages 3 to 6 form part of these financial statements.

Page 2


MARCUS EVANS EVENTS SPAIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.	General information

Marcus Evans Events Spain Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is 20 Farringdon Street, 11th Floor, London EC4A 4AB. Its principal place of business is Calle Pau Claris 186, Planta 4, Barcelona, 08037, Spain.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company has net liabilities of £2,012,385. However, within total liabilities of £2,133,248 there are intercompany creditors of £1,828,054.

Marcus Evans Holdings (IOM) Ltd has confirmed that currently, as a major creditor of the UK company, it will not demand repayment of the amounts outstanding until such a time that the Company is able to make repayments without having a detrimental impact on the Company. The period for not demanding payment is at least 12 months from the date of signing these financial statements.

Marcus Evans Holdings (IOM) Ltd has also confirmed that it will currently continue to provide financial resources as may be required for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements.

At the time of approving the financial statements, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and Company also has group financial support available in case of financial difficulties. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional currency is Euro, being the currency of the primary economic environment in which the company operates. The company's presentational currency which is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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MARCUS EVANS EVENTS SPAIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

2.4

Revenue

Revenue arises from the provision of services in respect of management and arrangement of conferences. Revenue is measured at the fair value of the consideration received or receivable and represents amount for the provision of services in the normal course of business, net of discounts and other sales-related taxes.
Revenue is recognised at the completion of the conference, until which point the amounts invoiced are recorded as a deferred income.

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Event related expenses

Directly attributable event expenses are recognised in the year in which the event has been completed. Expenses that relate to an event taking place in a subsequent financial year but not paid prior to the year end are recorded as prepayments in the statement of financial position

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles

25%

Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4


MARCUS EVANS EVENTS SPAIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.	Tangible fixed assets

		Motor vehicles
		£
	Cost or valuation
	At 1 October 2022	33,067
	Exchange adjustments	(434)
	At 30 September 2023	32,633
	Depreciation
	Charge for the year on owned assets	11,160
	At 30 September 2023	11,160
	Net book value
	At 30 September 2023	21,473
	At 30 September 2022	33,067

Employees

The average monthly number of employees during the year was 42 (2022 - 29).

Debtors

					2023	2022
					£	£


Trade debtors	24,633	65,951
Other debtors	42,475	82,070
Called up share capital not paid	100	100
Prepayments and accrued income	20,006	57,692
	87,214	205,813

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MARCUS EVANS EVENTS SPAIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	12,972	36,169
Amounts owed to group undertakings	1,828,054	1,047,202
Other taxation and social security	116,751	111,895
Other creditors	80,205	107,329
Accruals and deferred income	95,266	227,319
	2,133,248	1,529,914

No later than 1 year	5,120	95,023
Later than 1 year and not later than 5 years	23,952	5,188
	29,072	100,211

8.	Controlling party

The parent company of the smallest group of which the company is a member and for which group accounts are prepared is Marcus Evans Conferences Ltd, the address of its registered office is 20 Farringdon Street, 11th Floor, London EC4A 4AB.

9.	Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 17 September 2025 by Andrew Cook FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 6