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REGISTERED NUMBER: 03831969 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

Concept Venues Limited

Concept Venues Limited (Registered number: 03831969)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Concept Venues Limited

Company Information
for the Year Ended 31 December 2017







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





SECRETARY: A Leyshon





REGISTERED OFFICE: 20 Warwick Street
London
W1B 5NF





REGISTERED NUMBER: 03831969 (England and Wales)






Concept Venues Limited (Registered number: 03831969)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 18,886 24,088
Investments 4 1,406,219 1,500,646
1,425,105 1,524,734

CURRENT ASSETS
Debtors 5 9,281,224 7,391,870

CREDITORS
Amounts falling due within one year 6 15,861,996 15,114,627
NET CURRENT LIABILITIES (6,580,772 ) (7,722,757 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,155,667

)

(6,198,023

)

CREDITORS
Amounts falling due after more than
one year

7

735,738

-
NET LIABILITIES (5,891,405 ) (6,198,023 )

CAPITAL AND RESERVES
Called up share capital 787 787
Share premium 306,548 306,548
Retained earnings (6,198,740 ) (6,505,358 )
SHAREHOLDERS' FUNDS (5,891,405 ) (6,198,023 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 2017


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 6 September 2018 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 2017

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.

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 each asset over its estimated useful life.

Office Equipment 10% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate 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.

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 £5,891,405 (2016: £6,198,023). 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 2017

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017
and 31 December 2017 53,555
DEPRECIATION
At 1 January 2017 29,467
Charge for year 5,202
At 31 December 2017 34,669
NET BOOK VALUE
At 31 December 2017 18,886
At 31 December 2016 24,088

4. FIXED ASSET INVESTMENTS
Shares in
group Shares in
undertakings associate Totals
£    £    £   
COST
At 1 January 2017 1,500,646 - 1,500,646
Additions 100 - 100
Disposals (94,527 ) - (94,527 )
Reclassification/transfer (1,367,569 ) 1,367,569 -
At 31 December 2017 38,650 1,367,569 1,406,219
NET BOOK VALUE
At 31 December 2017 38,650 1,367,569 1,406,219
At 31 December 2016 1,500,646 - 1,500,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors 53,601 406,434
Amounts owed by group undertakings 4,301,811 3,276,367
Other debtors 4,925,812 3,709,069
9,281,224 7,391,870

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Bank loans and overdrafts 647,480 645,214
Trade creditors 215,080 289,013
Amounts owed to group undertakings 737,473 -
Taxation and social security 14,845 32,971
Other creditors 14,247,118 14,147,429
15,861,996 15,114,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.17 31.12.16
£    £   
Other creditors 735,738 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs
non-instalment's 735,738 -
735,738 -

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.17 31.12.16
£    £   
Bank overdraft - 174
Bank loans 647,480 645,040
647,480 645,214

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

14/07/08 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.

17/10/11 A.J Taylor All monies due
or to become
due to the
company.
All properties, all present
and future rights licences,
guarantees, rents, deposits,
contracts, covenants and
warranties.




04/04/13


Phantom Music
ManagementLtd
All monies due
or to become
due to the
company.
Fixed & floating charge over
the undertaking and all
property and assets present
and future.




04/04/13



Sphere Entertainment Ltd
All monies due
or to become
due to the
company
Fixed & floating charge over
the undertaking and all
property and assets present
and future.














Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

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

Alfandari Private Equites Ltd £30,324 (2016: £76,299).

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.

9. 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 £28,794 to Iron Maiden Holdings Ltd (2016:
£37,323).

Phantom Music Management Ltd:
During the year Phantom Music Management Ltd provided net funding to Concept Venues
Ltd totalling £191,836 (2016: £150,000). At the balance sheet date the company owes
£4,105,554 to Phantom Music Management Ltd (2016: £3,914,048). The company also
owes £1,220,000 (2016: £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 £811,584 (2016: £473,849). At the balance sheet date the company owed
£2,320,900 (2016: £1,509,316) to Sphere Entertainment Ltd.

The Inn On The Green Ltd:
At the balance sheet date the company owed £250,000 (2016: £250,000) in loan notes.

All amounts are repayable on demand and no interest is charged.

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

9. RELATED PARTY DISCLOSURES - continued

The Sanctum London Ltd

A subsidiary of the company.


The Sanctum London Ltd received funding of £1,769,023 from Concept Venues Ltd in the
year (2016: £425,583). At the balance sheet date The Sanctum London Ltd owes the
company £1,949,680 (2016: £587,157). The amount is classified as a current debtor and is
repayable on demand, no interest is charged.

A Cooke

A Shareholder in the company.


At the balance sheet date the company owed £650,000 (2016: £650,000) in loan notes. The
amount is classified as a current creditor and is repayable on demand, interest is charged at
5%.

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


R & K Enterprises Limited

During the year R&K Enterprises Limited provide funding of £150,000 to the company. At the
balance sheet date the company owes R&K Enterprises £376,808 (2016: £226,808). The
amount is classified as a current creditor and is repayable on demand, no interest is
charged.

A J Taylor
Director.


During the year the company repaid A J Taylor £238,750 (2016: A J Taylor loaned to the
company £122,756). At the balance sheet date the company owed A J Taylor £811,584
(2016: £1,050,154). The amount is classified as a current creditor and is repayable on
demand, no interest is charged.

Geales Restaurant Ltd

A subsidiary of the company.


During the year year the company received repayments from Concept Venues Ltd of
£287,660 (2016: the company advanced Concept Venues Ltd £768,026). At the balance
sheet date Concept Venues Ltd owes the company £737,473 (2016: £1,002,633). The
amount is classified as a current debtor and is repayable on demand, no interest is charged.

Concept Venues Limited (Registered number: 03831969)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

9. RELATED PARTY DISCLOSURES - continued

Sanctum On The Green Ltd

A subsidiary of the company.


During the year the company repaid £112,673 to Concept Venues Ltd. At the balance sheet
date the company owes Concept Venues Ltd £2,352,131 (2016: £2,490,804). The amount
is classified as a current creditor and is repayable on demand, no interest is charged.

10. ULTIMATE CONTROLLING PARTY

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