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REGISTERED NUMBER: 03831969 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Concept Venues Limited

Concept Venues Limited (Registered number: 03831969)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Concept Venues Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: M N J Fuller
S Naker
R C Smallwood
A J Taylor





SECRETARY: S H Pennington





REGISTERED OFFICE: 20 Warwick Street
London
W1B 5NF





REGISTERED NUMBER: 03831969 (England and Wales)






Concept Venues Limited (Registered number: 03831969)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 24,088 28,336
Investments 4 1,500,646 1,500,646
1,524,734 1,528,982

CURRENT ASSETS
Debtors 5 7,391,870 6,352,908

CREDITORS
Amounts falling due within one year 6 15,114,627 13,327,702
NET CURRENT LIABILITIES (7,722,757 ) (6,974,794 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,198,023

)

(5,445,812

)

CAPITAL AND RESERVES
Called up share capital 787 787
Share premium 306,548 306,548
Retained earnings (6,505,358 ) (5,753,147 )
SHAREHOLDERS' FUNDS (6,198,023 ) (5,445,812 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

Concept Venues Limited (Registered number: 03831969)

Balance Sheet - continued
31 December 2016


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 September 2017 and were
signed on its behalf by:





M N J Fuller - Director


Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Concept Venues Limited 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.

2. ACCOUNTING POLICIES

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

Preparation of consolidated financial statements
The financial statements contain information about Concept Venues Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The
company has taken the option under Section 398 of the Companies Act 2006 not to prepare
consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences
are taken into account in arriving at the operating result.

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases when they transfer substantially all the risks and
rewards of ownerships of the leased assets to the company. Other leases that do not
transfer substantially all the risks and rewards of ownership of the leased assets to the
company are classified as operating leases.

The company has entered into some hire purchase agreements for certain assets that
include the option to purchase the items at the end of the lease term for a nominal amount,
which is expected to be much lower than their fair value at that date. The hire purchase
agreements have been classified as finance leases as it is reasonably certain that the option
will be exercised.

Rights to use assets and corresponding obligations to lessors under finance leases are
recognised in the statement of financial position as assets and liabilities at the lower of fair
value of the assets and the present balance of the minimum lease payments, determined at
the inception of the lease.

Lease payments are apportioned between finance charges and reduction of outstanding
lease liabilities using the effective interest method, so as to produce a constant rate of
interest on the remaining balance of the liabilities. Finance charges are recognised in profit
or loss. Assets held under finance leases are included in property, plant and equipment and
are depreciated and reviewed for impairment in the same way as assets owned outright.
Payments received under operating leases are recognised as income over lease term on a
straight-line basis.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences
a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are
equivalent to a similar debt instrument, those financial instruments are classed as financial
liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and
gains or losses relating to financial liabilities are included in the profit and loss account.
Finance costs are calculated so as to produce a constant rate of return on the outstanding
liability.

Where the contractual terms of share capital do not have any terms meeting the definition of
a financial liability then this is classed as an equity instrument.

Going concern
The company's liabilities exceed its assets by £6,198,023 (2015: £5,445,812). The company
depends on the continuing financial support of a director who has confirmed his ongoing
financial support of the company and his ability to do so for the foreseeable future. For this
reason the financial statements have been prepared on a going concern basis.

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 52,465
Additions 1,090
At 31 December 2016 53,555
DEPRECIATION
At 1 January 2016 24,129
Charge for year 5,338
At 31 December 2016 29,467
NET BOOK VALUE
At 31 December 2016 24,088
At 31 December 2015 28,336

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2016 48,000 1,452,646 1,500,646
Reclassification/transfer 1,452,646 (1,452,646 ) -
At 31 December 2016 1,500,646 - 1,500,646
NET BOOK VALUE
At 31 December 2016 1,500,646 - 1,500,646
At 31 December 2015 48,000 1,452,646 1,500,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 406,434 65,039
Amounts owed by group undertakings 3,276,367 3,366,113
Other debtors 3,709,069 2,921,756
7,391,870 6,352,908

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Bank loans and overdrafts 645,214 735,314
Trade creditors 289,013 193,309
Amounts owed to group undertakings - 697,932
Taxation and social security 32,971 33,217
Other creditors 14,147,429 11,667,930
15,114,627 13,327,702

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Bank overdrafts 174 29,468
Bank loans 645,040 705,846
645,214 735,314

The following debentures existed at the year end:
Date Name Amount Description

19/07/08 HSBC Private Bank (UK)
Limited
All monies due
or to become
due to the
company.
Fixed & floating charge
over the undertaking and all
property and assets present
and future.

04/11/09 A.J.Taylor (As Security
Trustee)
All monies due
or to become
due the
company.
Fixed & floating charge over
the undertaking and all
property and assets present
and future.

28/10/11 A.J. Taylor (As Security
Trustee)
All monies due
or to become
due to the
company.
All monies due or to
become due from the
company to the charges on
any account whatsoever
under the terms of the
aforementioned instrument
creating or evidencing the
charge.

The following security is given by the company in respect of Sanctum On The Green Ltd:

Alfandari Private Equites Ltd £76,299 (2015: £NIL).

Date Name Amount Description

06/10/2016 Alfandari
Private
Equities
Limited
All monies due or to
become due from the
company.
Debenture - Given by Concept
Venues Ltd including fixed charge
over present and future freehold and
lease hold property. Fixed charge
over, among other things, interest,
future rights, licences, guarantees,
rents, deposits, contracts, covenants
relating to properties. All intellectual
property. Full details given charge
code 038319690010.

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

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.

A J Taylor
Companies in which A J Taylor is also a director.


During the year the the following transactions occurred between the related parties and the
company:

Iron Maiden Holdings Ltd:
At the balance sheet date the company owes £37,323 to Iron Maiden Holdings Ltd (2015:
£37,323).

Phantom Music Management Ltd:
During the year Phantom Music Management Ltd provided net funding to Concept Venues
Ltd totalling £150,000 (2015: £568,450). At the balance sheet date the company owes
£3,914,048 to Phantom Music Management Ltd (2015: £3,764,048). The company also
owes £1,220,000 (2015: £1,220,000) in loan notes to Phantom Music Management Ltd.

Sphere Entertainment Ltd:
During the year Sphere Entertainment Ltd provided net funding to Concept Venues Ltd
totalling £473,849 (2015: £45,000). At the balance sheet date the company owed
£1,509,316 (2015: £1,035,467) to Sphere Entertainment Ltd.

The Inn On The Green Ltd:
At the balance sheet date the company owed £250,000 (2015: £250,000) in loan notes.

A Cooke

A Shareholder in the company.


At the balance sheet date the company owed £650,000 (2015: £650,000) in loan notes.

R C Smallwood
Companies in which R C Smallwood is also a director and shareholder.


R & K Enterprises Limited
At the balance sheet date the company owes R&K Enterprises £226,808 (2015: £226,808).

A J Taylor
Director.


During the year A J Taylor loaned to the company £122,756 (2015: £342,099). At the
balance sheet date the company owed A J Taylor £1,050,154 (2015: £927,398).

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

9. ULTIMATE CONTROLLING PARTY

A J Taylor, M N J Fuller and R C Smallwood, directors and shareholders of the company.

10. FIRST YEAR ADOPTION

There are no transitional adjustments from FRSSE (effective January 2015) for the year
ending 31 December 2015 to FRS 102 Section 1A for the year ending 31 December 2016.

Transitional relief
On transition to FRS 102, the company has taken advantage of the following transitional
relief:

to measure investment in subsidiaries, associates and joint ventures at cost determined
in accordance with deemed cost;
to determine existence of leases on basis of existing facts and circumstances;
to treat date of transition to FRS 102 as date on which capitalisation of borrowing costs
commences;
not to apply the requirements of paragraphs 20.15A to 20.25A in respect of lease
incentives;