Brand Events 2 Limited - Accounts to registrar (filleted) - small 18.2

BRAND EVENTS 2 LIMITED

Financial Statements

for the Year Ended 31 December 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C P Hughes

J R Cooke-Priest

R L G French

Registered office:

3rd Floor

207 Regent Street

London

W1B 3HH

Registered number:

08742355 (England and Wales)

Accountants:

Haines Watts

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Investments

4

25

25

Current assets

Debtors

5

100

100

Cash at bank

374

374

474

474

Creditors

Amounts falling due within one year

6

8,525

8,525

Net current liabilities

(8,051

)

(8,051

)

Total assets less current liabilities

(8,026

)

(8,026

)

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8

(8,126

)

(8,126

)

Shareholders' funds

(8,026

)

(8,026

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 22 December 2020 and were signed on its behalf by:

C P Hughes - Director

1.	Statutory information

Brand Events 2 Limited is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The accounts have been prepared on the going concern basis as the directors believe that the company will continue to have access to adequate funding from the parent company to enable it to continue to operate as a going concern.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any 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.

3.	Employees and directors

The average number of employees during the year was NIL (2018 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2019

and 31 December 2019

25

Net book value

At 31 December 2019

25

At 31 December 2018

25

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Amounts owed by group undertakings

70

70

Other debtors

30

30

100

100

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Amounts owed to group undertakings

25

25

Other creditors

8,500

8,500

8,525

8,525

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

70

Ordinary

£1

70

70

30

Ordinary A

£1

30

30

100

100

8.

Reserves

Retained

earnings

£

At 1 January 2019

(8,126

)

Profit for the year

-

At 31 December 2019

(8,126

)