Champion Events Ltd - Accounts to registrar (filleted) - small 18.2

Champion Events Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07639032 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2021

for

Champion Events Ltd

Champion Events Ltd (Registered number: 07639032)






Contents of the Financial Statements
for the Year Ended 31 May 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Champion Events Ltd

Company Information
for the Year Ended 31 May 2021







DIRECTORS: S P B Shanagher
Mrs C Champion-Smyth





REGISTERED OFFICE: Beech House
High Street
Pewsey
Wiltshire
SN9 5AF





REGISTERED NUMBER: 07639032 (England and Wales)





ACCOUNTANTS: Fitzgerald Mithia Springer Limited
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Champion Events Ltd (Registered number: 07639032)

Balance Sheet
31 May 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 156 208

CURRENT ASSETS
Debtors 6 10,151 11,545
Cash at bank 56,510 74,326
66,661 85,871
CREDITORS
Amounts falling due within one year 7 26,511 32,539
NET CURRENT ASSETS 40,150 53,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,306

53,540

CREDITORS
Amounts falling due after more than one year 8 50,000 50,000
NET (LIABILITIES)/ASSETS (9,694 ) 3,540

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (10,694 ) 2,540
SHAREHOLDERS' FUNDS (9,694 ) 3,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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.

Champion Events Ltd (Registered number: 07639032)

Balance Sheet - continued
31 May 2021


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 27 September 2021 and were signed on its behalf by:





S P B Shanagher - Director


Champion Events Ltd (Registered number: 07639032)

Notes to the Financial Statements
for the Year Ended 31 May 2021

1. STATUTORY INFORMATION

Champion Events Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Income is recognised during the year when the company provides services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2020
and 31 May 2021 852
DEPRECIATION
At 1 June 2020 644
Charge for year 52
At 31 May 2021 696
NET BOOK VALUE
At 31 May 2021 156
At 31 May 2020 208

Champion Events Ltd (Registered number: 07639032)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 10,151 11,545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 330 6,505
Other creditors 26,181 26,034
26,511 32,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 50,000 50,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2021 and 31 May 2020:

2021 2020
£    £   
S P B Shanagher
Balance outstanding at start of year (363 ) (8,603 )
Amounts advanced 7,343 8,240
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,980 (363 )

The loan amount of £6,981.25 was repaid to the company on 21/09/2021.