Penton Exhibitions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI031110

Penton Exhibitions Limited

Filleted Unaudited Financial Statements

For

29 December 2024

Penton Exhibitions Limited

Statement of Financial Position

29 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	4	3,000	3,000

Current assets

Debtors	5	632,441	676,403
Cash at bank and in hand		26,032	2,487
		---------	---------
		658,473	678,890

Creditors: amounts falling due within one year	6	494,429	525,792
		---------	---------
Net current assets		164,044	153,098
		---------	---------
Total assets less current liabilities		167,044	156,098
		---------	---------
Net assets		167,044	156,098
		---------	---------

Capital and reserves

Called up share capital	7	100	100
Profit and loss account		166,944	155,998
		---------	---------
Shareholders funds		167,044	156,098
		---------	---------

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 29th December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Penton Exhibitions Limited

Statement of Financial Position (continued)

29 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

MR WJ PENTON MRS WE PENTON

Director Director

Company registration number: NI031110

Penton Exhibitions Limited

Notes to the Financial Statements

Year ended 29th December 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Penton House, 38 Heron Road, Sydenham Business Park, Belfast, BT3 9LE.

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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallize, based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Other investments other than loans
	£
Cost
At 30th December 2023 and 29th December 2024	3,000
	-------
Impairment
At 30th December 2023 and 29th December 2024	–
	-------

Carrying amount
At 29th December 2024	3,000
	-------
At 29th December 2023	3,000
	-------

Investments represent a capital sum of £3,000 paid to acquire the rights to an established exhibition. The directors are of the opinion that the investment is worth at least that amount shown in the balance sheet.

5. Debtors

	2024	2023
	£	£
Trade debtors	266,820	192,173
Other debtors	365,621	484,230
	---------	---------
	632,441	676,403
	---------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	13,355	53,771
Trade creditors	41,735	57,169
Corporation tax	2,567	2,094
Social security and other taxes	58,484	57,213
Amounts owed to related undertakings-Cactus	217,838	217,838
Other creditors	160,450	137,707
	---------	---------
	494,429	525,792
	---------	---------

7. Called up share capital

Authorised share capital

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Directors' advances, credits and guarantees

9. Related party transactions

The company was under the control of Mr WJ Penton throughout the current and previous year. Mr Penton is the managing director and majority shareholder. During the period the company received services from related companies, Penton Publications Limited and Cactus PR & Communications Limited. The companies are related by virtue of their common director shareholders.

10. Controlling party

The company is a private company, limited by shares. It is registered in Northern Ireland ( NI031110 ) with its registered office at Penton House, 9 Heron Avenue, Belfast, Northern Ireland, BT3 9LF.