Brand Events Holdings Limited - Accounts to registrar (filleted) - small 18.2
Brand Events Holdings Limited - Accounts to registrar (filleted) - small 18.2
BRAND EVENTS HOLDINGS LIMITED |
Audited Financial Statements |
for the Year Ended 31 December 2018 |
BRAND EVENTS HOLDINGS LIMITED (REGISTERED NUMBER: 06256849) |
Contents of the Financial Statements |
for the year ended 31 December 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BRAND EVENTS HOLDINGS LIMITED |
Company Information |
for the year ended 31 December 2018 |
Directors: |
Registered office: |
Registered number: |
Auditors: |
Chartered Accountants & Statutory Auditor |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Bankers: |
7th Floor |
180 Oxford Street |
London |
W1D 1EA |
Solicitors: |
115 Colmore Row |
London |
B3 3AL |
BRAND EVENTS HOLDINGS LIMITED (REGISTERED NUMBER: 06256849) |
Balance Sheet |
31 December 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 3 |
Current assets |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 6 |
Retained earnings | 7 | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
BRAND EVENTS HOLDINGS LIMITED (REGISTERED NUMBER: 06256849) |
Notes to the Financial Statements |
for the year ended 31 December 2018 |
1. | Statutory information |
Brand Events Holdings Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The financial statements have been prepared on a going concern basis as the directors have the assessed the |
trading activities of the group to be cash positive during the next twelve months and beyond. Furthermore, the |
directors expect to have the continued financial support of the shareholders who represent £6.5m of the |
company's current liabilities at the balance sheet date. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less provision for impairment. |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a |
party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial |
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the |
effective interest rate method. A provision is established when there is objective evidence that the company will |
not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank |
and bank overdrafts which are an integral part of the company's cash management. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the |
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity |
instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company |
after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds |
received, net of direct issue costs. |
Taxation |
Taxation for the year 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. |
BRAND EVENTS HOLDINGS LIMITED (REGISTERED NUMBER: 06256849) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 January 2018 |
and 31 December 2018 |
Net book value |
At 31 December 2018 |
At 31 December 2017 |
4. | Debtors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
5. | Creditors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
6. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary A | 1p | 1,089 | 1,089 |
Ordinary B | 1p | 429 | 429 |
1,518 | 1,518 |
BRAND EVENTS HOLDINGS LIMITED (REGISTERED NUMBER: 06256849) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
7. | Reserves |
Retained |
earnings |
£ |
At 1 January 2018 | ( |
) |
Deficit for the year | ( |
) |
At 31 December 2018 | ( |
) |
8. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Auditors' Report was unqualified. |
for and on behalf of |
9. | Related party transactions |
Included in debtors is £1,263,110 (2017: £2,801,076) owed by related companies. Included in creditors is £101 |
(2017: £101) owed to related companies. |