NOQ Events Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11805571

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		16,371		19,480
Tangible Assets	5		19,170		9,500

			35,541		28,980
CURRENT ASSETS
Stocks	6	273,670		181,385
Debtors	7	189,002		49,296
Cash at bank and in hand		900,939		1,011,311

		1,363,611		1,241,992
Creditors: Amounts Falling Due Within One Year	8	403,175		(1,181,604 )

NET CURRENT ASSETS (LIABILITIES)			1,766,786		60,388

TOTAL ASSETS LESS CURRENT LIABILITIES			1,802,327		89,368

Creditors: Amounts Falling Due After More Than One Year	9		-		(7,703 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(4,793 )		-

NET ASSETS			1,797,534		81,665

CAPITAL AND RESERVES
Called up share capital	11		112		81
Share premium account			5,019,333		1,706,208
Profit and Loss Account			(3,221,911 )		(1,624,624 )

SHAREHOLDERS' FUNDS			1,797,534		81,665

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NOQ Events Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrea Diaferio

Director

17/09/2025

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

1. General Information

NOQ Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11805571 . The registered office is 242 Westbourne Studios, Acklam Road, Unit 222, London, United Kingdom, W10 5JJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Intangible assets 10 years straight line

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	3 years straight line
Computer Equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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NOQ Events Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Taxation

Current tax

Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

2.11. Employee benefits

Defined contribution schemes

The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	31,089

As at 31 December 2024	31,089

Amortisation
As at 1 January 2024	11,609
Provided during the period	3,109

As at 31 December 2024	14,718

Net Book Value
As at 31 December 2024	16,371

As at 1 January 2024	19,480

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NOQ Events Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	1,103	16,348	17,451
Additions	5,337	12,787	18,124

As at 31 December 2024	6,440	29,135	35,575

Depreciation
As at 1 January 2024	176	7,775	7,951
Provided during the period	1,249	7,205	8,454

As at 31 December 2024	1,425	14,980	16,405

Net Book Value
As at 31 December 2024	5,015	14,155	19,170

As at 1 January 2024	927	8,573	9,500

6. Stocks

	2024	2023
	£	£
Stock	273,670	181,385

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	119,291	30,038
Other debtors	69,711	19,258

	189,002	49,296

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	231,874	159,429
Amounts owed to participating interests	(1,164,094 )	-
Other creditors	461,048	1,011,533
Taxation and social security	67,997	10,642

	(403,175 )	1,181,604

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	-	7,703

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NOQ Events Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
At the beginning of financial year	0	0
Charged to the Profit and Loss Account	(4,793)	0

At the end of financial year	(4,793)	0

	2024	2023
	£	£
Other timing differences	4,793	-

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	112	81

12. Related Party Transactions

NOQ Events Ltd owns 100% of subsidiary company NOQ Events US LLC.

At the end of the year NOQ Events Ltd had an intercompany loan balance of £371,308 owed to NOQ Events US LLC.

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