ACCOUNTS - Final Accounts

Receivables under operating leases

At 31 December 2020 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

EVENT WAREHOUSING AND LOGISTICS LIMITED - Company Information

Caseware UK (AP4) 2020.0.247 2020.0.247 2020-12-312020-12-312020-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 6821239 2020-01-01 2020-12-31 6821239 2019-01-01 2019-12-31 6821239 2020-12-31 6821239 2019-12-31 6821239 2019-01-01 6821239 c:Director1 2020-01-01 2020-12-31 6821239 d:Buildings 2020-01-01 2020-12-31 6821239 d:Buildings 2020-12-31 6821239 d:Buildings 2019-12-31 6821239 d:Buildings d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 6821239 d:PlantMachinery 2020-01-01 2020-12-31 6821239 d:PlantMachinery 2020-12-31 6821239 d:PlantMachinery 2019-12-31 6821239 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 6821239 d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 6821239 d:CurrentFinancialInstruments 2020-12-31 6821239 d:CurrentFinancialInstruments 2019-12-31 6821239 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 6821239 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 6821239 d:ShareCapital 2020-12-31 6821239 d:ShareCapital 2019-12-31 6821239 d:RetainedEarningsAccumulatedLosses 2020-12-31 6821239 d:RetainedEarningsAccumulatedLosses 2019-12-31 6821239 c:FRS102 2020-01-01 2020-12-31 6821239 c:IndependentExaminationCharity 2020-01-01 2020-12-31 6821239 c:FullAccounts 2020-01-01 2020-12-31 6821239 c:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 6821239 d:WithinOneYear 2020-12-31 6821239 d:WithinOneYear 2019-12-31 6821239 d:BetweenOneFiveYears 2020-12-31 6821239 d:BetweenOneFiveYears 2019-12-31 6821239 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 6821239 d:AcceleratedTaxDepreciationDeferredTax 2019-12-31 iso4217:GBP xbrli:pure

Registered number: 6821239

EVENT WAREHOUSING AND LOGISTICS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2020


EVENT WAREHOUSING AND LOGISTICS LIMITED REGISTERED NUMBER:6821239

BALANCE SHEET

AS AT 31 DECEMBER 2020

		2020		2019
Note		£		£

Fixed assets
Tangible assets	4		375,648		378,754
Current assets
Debtors: amounts falling due within one year	5	873		21,873
Cash at bank and in hand	6	117,085		48,950
		117,958		70,823
Creditors: amounts falling due within one year	7	(193,721)		(203,813)
Net current liabilities			(75,763)		(132,990)
Total assets less current liabilities			299,885		245,764
Provisions for liabilities
Deferred tax	8		(1,206)		(982)
Net assets			298,679		244,782

Capital and reserves
Called up share capital	100	100
Profit and loss account	298,579	244,682
	298,679	244,782

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered 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 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 27 August 2021.

Mr N A V Adams

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1


EVENT WAREHOUSING AND LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1.	General information

Event Warehousing and Logistics Limited is a private company, limited by shares, registered in England and Wales. The registered address is 10 Queen Street Place, London, EC4R 1AG.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

In light of the impact of COVID-19 consumer demand, the Company has reviewed its cash flow forecasts and considered the impact on going concern, concluding that the going concern basis remains an appropriate basis of preparation for these financial statements given the likely cash flow impact of operations 12 months from the date of signing this report.

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.

Page 2


EVENT WAREHOUSING AND LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet 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 balance sheet date.

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.

Depreciation is provided on the following basis:

				Land and buildings leasehold	-	over the period of the lease
				Plant and machinery	-	25% reducing balance and 33% straight line

2.6

Debtors

Short term debtors are measured at transaction price, less 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.

Page 3


EVENT WAREHOUSING AND LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.8

Creditors

Short term creditors are measured at the transaction price.

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 average monthly number of employees, including the directors, during the year was as follows:

	2020	2019
	No.	No.

Employees	2	2

4.	Tangible fixed assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost or valuation
At 1 January 2020	411,703	66,569	478,272
At 31 December 2020	411,703	66,569	478,272
Depreciation
At 1 January 2020	32,949	66,569	99,518
Charge for the year on owned assets	3,106	-	3,106
At 31 December 2020	36,055	66,569	102,624
Net book value
At 31 December 2020	375,648	-	375,648
At 31 December 2019	378,754	-	378,754

Page 4


EVENT WAREHOUSING AND LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Debtors

					2020	2019
					£	£


Trade debtors	-	21,000
Amounts owed by group undertakings	100	100
Prepayments and accrued income	773	773
	873	21,873

6.	Cash and cash equivalents
		2020	2019
		£	£

Cash at bank and in hand	117,085	48,950
	117,085	48,950

7.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Trade creditors	1,040	-
Amounts owed to group undertakings	144,309	144,309
Corporation tax	-	10,804
Other taxation and social security	3,308	3,500
Other creditors	25,120	25,104
Accruals and deferred income	19,944	20,096
	193,721	203,813

8.	Deferred taxation

	2020	2019
	£	£

At beginning of year	(982)	(848)
Charged to profit or loss	(224)	(134)
At end of year	(1,206)	(982)

Page 5


EVENT WAREHOUSING AND LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2020	2019
	£	£

	Fixed asset timing differences	(1,206)	(982)
		(1,206)	(982)

Not later than 1 year	58,333	70,000
Later than 1 year and not later than 5 years	-	58,333
	58,333	128,333

During the year, the company earned rental income of £70,000 (2018: £70,000) from operating leases.

10.	Related party transactions
	As at the balance sheet date, the company owed a balance of £144,309 (2019: £144,309) to Sense Marketing Services Limited, its fellow subsidiary.

The company was owed £100 (2019: £100) by Sense Holding Group Limited, its ultimate parent.

These balances are interest free and are repayable on demand.

11.	Controlling party

The ulimate parent company is Sense Holding Group Limited, a company registered in England and Wales.
The ultimate controling party is Mr N A V Adams, a director of the company.

Page 6