REGISTERED NUMBER: 03666244 (England and Wales)

Circus Promotions Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

John Fossett Roberts

John Alejandro Roberts

SECRETARY:

John Fossett Roberts

REGISTERED OFFICE:

1 Roberts Lane

Brook Farm

Polebrook

Peterborough

Cambridgeshire

PE8 5LS

BUSINESS ADDRESS:

America Farm Cottage

Oxney Road

Peterborough

Cambridgeshire

PE1 5YR

REGISTERED NUMBER:

03666244 (England and Wales)

ACCOUNTANTS:

Haines Watts Peterborough Limited

32 Thorpe Wood

Thorpe Wood Business Park

Peterborough

Cambridgeshire

PE3 6SR

FIXED ASSETS

Tangible assets

5

538,867

633,473

CURRENT ASSETS

Debtors

6

145,791

32,420

Cash at bank

13,804

19,485

159,595

51,905

CREDITORS

Amounts falling due within one year

7

41,037

38,973

NET CURRENT ASSETS

118,558

12,932

TOTAL ASSETS LESS CURRENT LIABILITIES

657,425

646,405

CREDITORS

Amounts falling due after more than one year

8

387

5,027

NET ASSETS

657,038

641,378

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

657,035

641,375

SHAREHOLDERS' FUNDS

657,038

641,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 August 2018 and were signed on its behalf by:

John Alejandro Roberts - Director

1.	STATUTORY INFORMATION

Circus Promotions 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

The principle accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit of loss over the relevant period. The capital element

of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2017

3,127,296

635,852

3,763,148

Additions

50,839

49,378

100,217

Disposals

(5,850

)

(51,645

)

(57,495

)

At 31 May 2018

3,172,285

633,585

3,805,870

DEPRECIATION

At 1 June 2017

2,685,589

444,086

3,129,675

Charge for year

126,456

53,928

180,384

Eliminated on disposal

(244

)

(42,812

)

(43,056

)

At 31 May 2018

2,811,801

455,202

3,267,003

NET BOOK VALUE

At 31 May 2018

360,484

178,383

538,867

At 31 May 2017

441,707

191,766

633,473

Fixed assets, included in the above, which are held under hire purchase contracts are plant and machinery of

net book value £8,867 (2017 £11,824).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

145,791

32,420

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

4,640

4,640

Taxation and social security

9,786

5,717

Other creditors

26,611

28,616

41,037

38,973

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

387

5,027

9.	RELATED PARTY DISCLOSURES

At the year end, Circus Promotions Limited is owed £ 144,996 (2017 £31,323) from A&J Big Tops Ltd, this loan

is interest free. Both companies have directors and shareholders in common.

During the year Circus Promotions Limited hired equipment of £209,000 to A & J Big Tops Limited. A & J Big

Tops Limited recharged insurance and other expenses on the equipment of £27,800 to Circus Promotions

Limited.. There are no outstanding amounts at the year end.

At 31 May 2018 the director's were owed £26,601 (2017 £28,007) this loan is interest free and repayable on

demand.

Circus Promotions Limited acts as a guarantor on behalf of A & J Big Tops Limited.