ACCOUNTS - Final Accounts

Cash and cash equivalents

GRAND EVENTS HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-310truetruetruetruetrue2020-07-01falseNo description of principal activity0truetrue 07774359 2020-07-01 2021-12-31 07774359 2019-04-01 2020-06-30 07774359 2021-12-31 07774359 2020-06-30 07774359 c:Director1 2020-07-01 2021-12-31 07774359 d:MotorVehicles 2020-07-01 2021-12-31 07774359 d:MotorVehicles 2021-12-31 07774359 d:MotorVehicles 2020-06-30 07774359 d:MotorVehicles d:OwnedOrFreeholdAssets 2020-07-01 2021-12-31 07774359 d:CurrentFinancialInstruments 2021-12-31 07774359 d:CurrentFinancialInstruments 2020-06-30 07774359 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07774359 d:CurrentFinancialInstruments d:WithinOneYear 2020-06-30 07774359 d:ShareCapital 2021-12-31 07774359 d:ShareCapital 2020-06-30 07774359 d:RetainedEarningsAccumulatedLosses 2020-07-01 2021-12-31 07774359 d:RetainedEarningsAccumulatedLosses 2021-12-31 07774359 d:RetainedEarningsAccumulatedLosses 2020-06-30 07774359 c:OrdinaryShareClass1 2020-07-01 2021-12-31 07774359 c:OrdinaryShareClass1 2021-12-31 07774359 c:OrdinaryShareClass1 2020-06-30 07774359 c:FRS102 2020-07-01 2021-12-31 07774359 c:Audited 2020-07-01 2021-12-31 07774359 c:FullAccounts 2020-07-01 2021-12-31 07774359 c:PrivateLimitedCompanyLtd 2020-07-01 2021-12-31 07774359 c:SmallCompaniesRegimeForAccounts 2020-07-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07774359

GRAND EVENTS HOLDINGS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2021

GRAND EVENTS HOLDINGS LIMITED

REGISTERED NUMBER: 07774359

BALANCE SHEET

AS AT 31 DECEMBER 2021

	31 December	30 June
	2021	2020
Note	£	£

Fixed assets
Tangible assets	4		12,250		-
			12,250		-
Current assets
Debtors: amounts falling due within one year	5	129,297		38,000
Cash at bank and in hand	6	714		26,014
		130,011		64,014
Creditors: amounts falling due within one year	7	(226,375)		(91,563)
Net current liabilities			(96,364)		(27,549)
Total assets less current liabilities			(84,114)		(27,549)

Net liabilities			(84,114)		(27,549)

Capital and reserves
Called up share capital	8	100	100
Profit and loss account	9	(84,214)	(27,649)
		(84,114)	(27,549)

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2022.

I R Liddell

Director

The notes on pages 3 to 8 form part of these financial statements.

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GRAND EVENTS HOLDINGS LIMITED

REGISTERED NUMBER: 07774359

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2021

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GRAND EVENTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

1.	General information

Grand Events Holdings Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 07774359. The address of the registered office is Upminster Court, 133 Hall Lane, Upminster, Essex, RM14 1AL. The address of the place of business is Cromwell Manor, Pitsea Hall Lane, Pitsea, Essex, SS16 4UH. The principal activity of Grand Events Holdings Limited is event catering activities.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of GB Europe Holdings Limited as at 31 December 2021 and these financial statements may be obtained from Companies House.

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GRAND EVENTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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GRAND EVENTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2020 - £NIL).

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GRAND EVENTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

4.	Tangible fixed assets

		Motor vehicles
		£
	Cost or valuation
	Additions	14,700
	At 31 December 2021	14,700
	Depreciation
	Charge for the period on owned assets	2,450
	At 31 December 2021	2,450
	Net book value
	At 31 December 2021	12,250
	At 30 June 2020	-

Debtors

					31 December	30 June
					2021	2020
					£	£


Trade debtors	10,143	4,860
Amounts owed by group undertakings	118,506	33,140
Prepayments and accrued income	648	-
	129,297	38,000

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GRAND EVENTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

Cash at bank and in hand	714	26,014
	714	26,014

Trade creditors	285	5,694
Amounts owed to group undertakings	76,988	49,234
Other taxation and social security	8,139	153
Other creditors	15,588	6,665
Accruals and deferred income	125,375	29,817
	226,375	91,563

Allotted, called up and fully paid

100 (2020 - 100) Ordinary shares of £1.00 each	100	100

Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

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GRAND EVENTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

10.	Related party transactions
	The Company has taken advantage of the exemptions conferred in FRS 102 Section 33 not to disclose transactions with other group companies where 100% of the voting rights are controlled within the group.

11.	Controlling party

The immediate UK parent company is Uniserve Holdings Limited, a company incorporated in England and Wales.
The ultimate parent company is GB Global Holdco. Pte. Ltd., a company incorporated in Singapore.
The UK parent undertaking for which consolidated accounts are prepared is GB Europe Holdings Limited. These consolidated accounts may be obtained from the Companies House website.
The ultimate controlling party is Mr I R Liddell by virtue of his shareholding in the ultimate parent company.

12.	Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2021 was unqualified.

The audit report was signed on 23 September 2022 by Charalambos Patsalides (Senior Statutory Auditor) on behalf of Haslers.

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