Exhibitor Limited - Accounts to registrar (filleted) - small 18.2
Exhibitor Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2021 |
for |
Exhibitor Limited |
Exhibitor Limited (Registered number: 04460556) |
Contents of the Financial Statements |
for the Year Ended 31 October 2021 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abridged Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
Exhibitor Limited |
Company Information |
for the Year Ended 31 October 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Bellarmine House |
14 Upper Church Street |
Chepstow |
Monmouthshire |
NP16 5EX |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Exhibitor Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Exhibitor Limited for the year ended 31 October 2021 which comprise the Profit and Loss Account, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Exhibitor Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Exhibitor Limited and state those matters that we have agreed to state to the Board of Directors of Exhibitor Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Exhibitor Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Exhibitor Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Exhibitor Limited. You consider that Exhibitor Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Exhibitor Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Bellarmine House |
14 Upper Church Street |
Chepstow |
Monmouthshire |
NP16 5EX |
Exhibitor Limited (Registered number: 04460556) |
Abridged Balance Sheet |
31 October 2021 |
31.10.21 | 31.10.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Exhibitor Limited (Registered number: 04460556) |
Abridged Balance Sheet - continued |
31 October 2021 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Exhibitor Limited (Registered number: 04460556) |
Notes to the Financial Statements |
for the Year Ended 31 October 2021 |
1. | STATUTORY INFORMATION |
Exhibitor Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Exhibitor Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the right to the consideration is due and in line with contractual arrangements. Where rental income is received in advance, the amounts are recorded as deferred income and included as part of creditors due within one year. |
Tangible fixed assets |
Land and buildings | - |
No depreciation is provided on freehold land. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
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. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Exhibitor Limited (Registered number: 04460556) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2020 |
and 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
At 31 October 2020 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 November 2020 |
and 31 October 2021 | 100 |
NET BOOK VALUE |
At 31 October 2021 | 100 |
At 31 October 2020 | 100 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.10.21 | 31.10.20 |
£ | £ |
Repayable by instalments |
Bank loans | 125,934 | 129,984 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.10.21 | 31.10.20 |
£ | £ |
Bank loans |
The bank loans are secured by fixed and floating charges over the assets of the company. |
8. | RELATED PARTY DISCLOSURES |
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. |
Included in creditors is a loan of £ free and repayable on demand. |
9. | POST BALANCE SHEET EVENTS |
On 24 December 2021 the company sold its land for £12m and as a result its wholly owned subsidiary has ceased to trade. The group's bank loans were repaid in full from the proceeds. |