ACCOUNTS - Final Accounts

THE BIG EVENTS COMPANY LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-30true2021-05-013No description of principal activity3truetrue 02355837 2021-05-01 2022-04-30 02355837 2020-05-01 2021-04-30 02355837 2022-04-30 02355837 2021-04-30 02355837 c:Director1 2021-05-01 2022-04-30 02355837 d:CurrentFinancialInstruments 2022-04-30 02355837 d:CurrentFinancialInstruments 2021-04-30 02355837 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 02355837 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 02355837 d:ShareCapital 2022-04-30 02355837 d:ShareCapital 2021-04-30 02355837 d:RetainedEarningsAccumulatedLosses 2022-04-30 02355837 d:RetainedEarningsAccumulatedLosses 2021-04-30 02355837 c:OrdinaryShareClass1 2021-05-01 2022-04-30 02355837 c:OrdinaryShareClass1 2022-04-30 02355837 c:OrdinaryShareClass1 2021-04-30 02355837 c:FRS102 2021-05-01 2022-04-30 02355837 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 02355837 c:FullAccounts 2021-05-01 2022-04-30 02355837 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02355837

THE BIG EVENTS COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022


THE BIG EVENTS COMPANY LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


THE BIG EVENTS COMPANY LIMITED REGISTERED NUMBER:02355837

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2022

	2022	2021
Note	£	£

Current assets
Debtors: amounts falling due within one year	3	132,490	132,490
Cash at bank and in hand		53,074	46,615
		185,564	179,105
Current liabilities
Creditors: amounts falling due within one year	4	(4,115,748)	(4,102,915)
Net liabilities		(3,930,184)	(3,923,810)

Capital and reserves
Called up share capital	5	2	2
Profit and loss account		(3,930,186)	(3,923,812)
		(3,930,184)	(3,923,810)

For the year ended 30 April 2022 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 2 December 2022.

M Bucks

Director

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

Page 1


THE BIG EVENTS COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

1.	General information

The Big Events Company Limited is a private limited company incorporated in England and Wales, with its principal place of business and registered office at 1st Floor, 47a Firth Street, Soho, London, W1D 4HT.
The principal activity of the Company continued to be the marketing of televised events on a worldwide basis.

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.

2.2

Going concern

The Company's activities are funded by an interest free loan from M Watt, a director and the sole shareholder. At the reporting date, the Company owed £ 4,113,199 (2021 - £4,101,415) to M Watt, included in other creditors. The directors have prepared the financial statements on a going concern basis on the assumption that M Watt will continue to provide such financial support as may be required by the Company to meet its liabilities as they fall due for at least 12 months following the date of approval of the financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2


THE BIG EVENTS COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Cash and cash equivalents

Cash is represented by deposits with financial institutions repayable without penalty.

2.6

Financial instruments

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

2.7

Creditors

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

Debtors

					2022	2021
					£	£

	Other debtors	132,490	132,490

Page 3


THE BIG EVENTS COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

4.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Directors loan	4,113,199	4,101,415
Accruals and deferred income	2,549	1,500
	4,115,748	4,102,915

5.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

2 (2021 - 2) Ordinary shares of £1 each	2	2

Page 4