The Village Green Events Company Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 09593557

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	84,711		8,170
Cash at bank and in hand		13		582

		84,724		8,752
Creditors: Amounts Falling Due Within One Year	5	(42,793 )		(6,922 )

NET CURRENT ASSETS (LIABILITIES)			41,931		1,830

TOTAL ASSETS LESS CURRENT LIABILITIES			41,931		1,830

NET ASSETS			41,931		1,830

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			41,831		1,730

SHAREHOLDERS' FUNDS			41,931		1,830

For the year ending 30 May 2025 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 Eamonn Joseph Hunt

Director

04/12/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

The Village Green Events Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09593557 . The registered office is The Village Store, 2 Riverside Court, Don Road, Sheffield, S9 2TJ.

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. 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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest 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 materials, 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.

2.3. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 2

Page 3

The Village Green Events Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 May 2025

2.4. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax are recognised in other comprehensive income or directly in equity respectively.

2.5. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.6. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,432	350
Other debtors	75,279	7,820

	84,711	8,170

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,041	5,598
Other creditors	22,229	1,200
Taxation and social security	14,523	124

	42,793	6,922

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 3

Page 4

The Village Green Events Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 May 2025

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 31 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 May 2025
	£	£	£	£	£
Mr Eamonn Joseph Hunt	3,957	29,690	(4,047 )	-	29,600

The above loan is unsecured, interest free and repayable on demand.

8. Related Party Transactions

Amounts due from related parties as at year end were £45,679 (2024 : £3,863). These loans are interest free and payable on demand.

Page 4