REGISTERED NUMBER: 09704045 (England and Wales)

LISA DARWIN VENTURES LIMITED

PREVIOUSLY KNOWN AS

FB FASHION BALL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST AUGUST 2023 TO 31ST DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

5

FIXED ASSETS

Intangible assets

4

-

836

Tangible assets

5

3,198

-

3,198

836

CURRENT ASSETS

Debtors

6

44,924

83,480

Cash at bank and in hand

2,581

9,461

47,505

92,941

CREDITORS

Amounts falling due within one year

7

50,538

54,384

NET CURRENT (LIABILITIES)/ASSETS

(3,033

)

38,557

TOTAL ASSETS LESS CURRENT LIABILITIES

165

39,393

CREDITORS

Amounts falling due after more than one year

8

-

39,374

NET ASSETS

165

19

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

164

18

SHAREHOLDERS' FUNDS

165

19

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th August 2025 and were signed by:

Mrs L M Darwin - Director

1.	STATUTORY INFORMATION

Lisa Darwin Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09704045

Registered office:

3365 Century Way

Thorpe Park

Leeds

LS15 8ZB

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

Revenue represents amounts receivable (exclusive of VAT) from ticket sales, sponsorship, sundry income and consultancy.

Single events (2024 events)

Income is recognised when the event takes place.

Amounts received in advance of an event are recorded as deferred income within creditors until the event has occurred.

Bundled multiple events (such as taking FB Fashion Ball to five cities during 2025 and 2026)

Where an event spans more than one accounting period, income and directly attributable costs are recognised when all elements of the bundle are complete reflecting that the significant risks and rewards remain with the company until completion.

Until completion income and costs are deferred and recorded as a net debtor or creditor.

Consultancy income

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and disbursements, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Direct Event Costs

Direct costs of staging events include venue hire, production costs, marketing, staff and subcontractor costs attributable to specific events. These are recognised in the profit and loss account in the same period as the related income.

Cancellation & Contingent Liabilities

Where an event is cancelled, amounts received in advance are refunded in accordance with contractual terms, and unrecoverable costs are charged immediately to the profit and loss account. Provisions are made where obligations exist at the balance sheet date.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Deferred income & work in progress

Monies received in respect of events which have not yet taken place at the balance sheet date are carried forward as deferred income.

Direct costs incurred in respect of future events (e.g. venue deposits, marketing, production costs) are carried as work in progress within prepayments and are charged to the profit and loss account in the period in which the related revenue is recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st August 2023

and 31st December 2024

2,510

AMORTISATION

At 1st August 2023

1,674

Charge for period

836

At 31st December 2024

2,510

NET BOOK VALUE

At 31st December 2024

-

At 31st July 2023

836

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st August 2023

3,537

Additions

3,915

At 31st December 2024

7,452

DEPRECIATION

At 1st August 2023

3,537

Charge for period

717

At 31st December 2024

4,254

NET BOOK VALUE

At 31st December 2024

3,198

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,844

2,500

Amounts recoverable on

contract

10,000

78,000

Other debtors

30,080

2,980

44,924

83,480

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

5,601

Trade creditors

2,400

-

Taxation and social security

1,965

3,642

Other creditors

46,173

45,141

50,538

54,384

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

36,874

Other creditors

-

2,500

-

39,374

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L M Darwin.

FB Fashion Ball Limited is a wholly owned subsidiary of Lisa Darwin Brand Holdings (company number 11208920) . The ultimate controlling party continued to be Mrs L M Darwin.

The intellectual property rights, trading styles and brand names associated with FB Fashion Ball continue to be held by the Lisa Darwin Brand Holdings.