Elderflower Events Limited - Period Ending 2019-12-31

Registration number: 11525085

Elderflower Events Limited

Annual Report and Financial Statements

for the Period from 20 August 2018 to 31 December 2019

Elderflower Events Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Elderflower Events Limited

Company Information

Directors

R Borrill S McKenzie H Clarke R E Chandler

Registered office

Agriculture House Bolingbroke Road Louth Lincolnshire LN11 0WA

Bankers

Lloyds Bank 202 High Street Lincoln Lincolnshire LN5 7AP

Auditors

Forrester Boyd Waynflete House 139 Eastgate Louth Lincolnshire LN11 9QQ

Page 1

Elderflower Events Limited

(Registration number: 11525085)
Balance Sheet as at 31 December 2019

	Note	2019 £
Fixed assets
Tangible assets	4	623
Current assets
Debtors	5	2,571
Cash at bank and in hand		1,711
		4,282
Creditors: Amounts falling due within one year	6	(64,779)
Net current liabilities		(60,497)
Net liabilities		(59,874)
Capital and reserves
Called up share capital		100
Profit and loss account		(59,974)
Total equity		(59,874)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 April 2020 and signed on its behalf by:
 

.........................................

S McKenzie
Director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

Elderflower Events Limited

Notes to the Financial Statements for the Period from 20 August 2018 to 31 December 2019

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 11525085.

The address of its registered office is:
Agriculture House
Bolingbroke Road
Louth
Lincolnshire
LN11 0WA

These financial statements were authorised for issue by the Board on 17 April 2020.

These Financial Statements cover the individual entity Elderflower Events Limited.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going Concern
The financial statements have been prepared on a going concern basis, the validity of which depends upon the continued support of the parent company, Woldmarsh Producers Limited. The balance sheet as at 31st December, 2019 is an insolvent balance totalling £59,874. Included in the companies liabilities is a balance of £56,000 owed to the parent company. The loan from the parent company has no formal repayment terms, but these funds will not be withdrawn at short notice and the parent company has provided confirmation to this effect. The financial statements therefore do not include any adjustment that would result from a failure to obtain continued support and funding from the parent company.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 17 April 2020 was Lee Bradbury FCA, who signed for and on behalf of Forrester Boyd .

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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Elderflower Events Limited

Notes to the Financial Statements for the Period from 20 August 2018 to 31 December 2019

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight Line Basis

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

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Elderflower Events Limited

Notes to the Financial Statements for the Period from 20 August 2018 to 31 December 2019

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	934	934
At 31 December 2019	934	934
Depreciation
Charge for the period	311	311
At 31 December 2019	311	311
Carrying amount
At 31 December 2019	623	623

5

Debtors

	2019 £
Trade debtors	2,271
Prepayments and accrued income	300
Total current trade and other debtors	2,571

6

Creditors

Creditors: amounts falling due within one year

	Note	2019 £
Due within one year
Trade creditors		4,207
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	56,000
Accruals and deferred income		4,572
		64,779

Page 5

Elderflower Events Limited

Notes to the Financial Statements for the Period from 20 August 2018 to 31 December 2019

7	Related party transactions

Summary of transactions with parent

During the period the parent company, Woldmarsh Producers Limited loaned Elderflower Events Limited £112,000. It was agreed at a board meeting that the parent company would waive half of this loan. Therefore £56,000 has been written off to the profit and loss reserves.
 

8	Parent and ultimate parent undertaking

The company's immediate parent is Woldmarsh Producers Limited, incorporated in England and Wales.

 

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