Party Town Marquees Ltd iXBRL

Company Registration Number: NI629163

Party Town Marquees Ltd

Unaudited Financial Statements

for the financial year ended 31 March 2025

Party Town Marquees Ltd

Company Registration Number: NI629163

BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

75,480

57,768

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Current Assets

Debtors

5,220

2,710

Cash and cash equivalents

76,546

122,830

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81,766

125,540

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Creditors: amounts falling due within one year

(14,886)

(10,379)

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Net Current Assets

66,880

115,161

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Total Assets less Current Liabilities

142,360

172,929

Creditors:

amounts falling due after more than one year

(69,371)

(92,124)

Provisions for liabilities

(15,738)

(14,441)

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Net Assets

57,251

66,364

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Capital and Reserves

Called up share capital

Retained earnings

57,249

66,362

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Equity attributable to owners of the company

57,251

66,364

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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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 10 December 2025



________________________________
Mr. Aidan O'Gara
Director

Party Town Marquees Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Party Town Marquees Ltd is a company limited by shares incorporated in Northern Ireland. 42 Rockstown Road, Carrickmore, Omagh, Co Tyrone, BT79 9BE, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% Reducing Balance

Motor vehicles

25% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was:

2025

2024

Number

Number

Employees

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4.	Tangible assets
		Plant and	Motor	Total
		machinery	vehicles

		£	£	£
	Cost
	At 1 April 2024	121,555	17,628	139,183
	Additions	11,982	24,600	36,582
		─────────	─────────	─────────
	At 31 March 2025	133,537	42,228	175,765
		─────────	─────────	─────────
	Depreciation
	At 1 April 2024	70,557	10,858	81,415
	Charge for the financial year	12,596	6,274	18,870
		─────────	─────────	─────────
	At 31 March 2025	83,153	17,132	100,285
		─────────	─────────	─────────
	Net book value
	At 31 March 2025	50,384	25,096	75,480
		═════════	═════════	═════════
	At 31 March 2024	50,998	6,770	57,768
		═════════	═════════	═════════


5.	Debtors	2025	2024
		£	£

	Trade debtors	5,220	2,710
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Trade creditors	5,000	-
	Taxation (Note 8)	-	2,858
	Accruals	9,886	7,521
		─────────	─────────
		14,886	10,379
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Director's loan accounts	69,371	92,124
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Creditors:
	Corporation tax	-	2,858
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Losses

Total

Total

allowances

2025

2024

At financial year start

14,441

14,441

11,917

Charged to profit and loss

4,429

(3,132)

1,297

2,524

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At financial year end

18,870

(3,132)

15,738

14,441

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10.

Related party transactions

At the start of the year the director had an opening Director's Loan Account balance of £92,124. During the year, Party Town Marquees Ltd borrowed £24,265 and repaid £47,018 leaving a closing balance of £69,371 (2024: £92,124) owed to the director at the year end. This is included in the creditors section of the Balance Sheet.