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COMPANY REGISTRATION NUMBER: 08506142

Sola Events Limited

Filleted Unaudited Financial Statements

28 December 2024

Sola Events Limited

Statement of Financial Position

28 December 2024

| 2024 | 2023
Note | £ | £ | £

Current assets

Debtors | 5 | 32,642 |  | 34,562
Cash at bank and in hand | 2,478 |  | 4,521
| -------- |  | --------
| 35,120 |  | 39,083

Creditors: amounts falling due within one year | 6 | 23,249 |  | 17,159
| -------- |  | --------
Net current assets |  | 11,871 | 21,924
|  | -------- | --------
Total assets less current liabilities |  | 11,871 | 21,924

Creditors: amounts falling due after more than one year | 7 |  | – | 4,167
|  | -------- | --------
Net assets |  | 11,871 | 17,757
|  | -------- | --------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | 11,771 | 17,657
|  | -------- | --------
Shareholder funds |  | 11,871 | 17,757
|  | -------- | --------

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 28 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sola Events Limited

Statement of Financial Position (continued)

28 December 2024
These financial statements were approved by the board of directors and authorised for issue on 24 January 2026 , and are signed on behalf of the board by:

Mrs S L Shield |
Director |

Company registration number: 08506142

Sola Events Limited

Notes to the Financial Statements

Year ended 28 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Greengate, Cardale Park, Harrogate, North Yorkshire, HG3 1GY.
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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors

| 2024 | 2023
| £ | £
Other debtors | 32,642 | 34,562
| -------- | --------

6. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 4,883 | 1,800
Trade creditors | 826 | 1,148
Corporation tax | 13,958 | 10,569
Social security and other taxes | 1,640 | 1,700
Other creditors | 1,942 | 1,942
| -------- | --------
| 23,249 | 17,159
| -------- | --------

7. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | – | 4,167
| ---- | -------

8. Director's advances, credits and guarantees
The director received no further advances during the year.
9. Related party transactions
The company was under the control of Mrs S L Shield throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102.