Would you like to have your latest events module show only the current event - i.e. the event taking place NOW.
The solution is quite easy. Create a template override file called now.php and place it in /templates/YOURTEMPLATE/html/mod_jevents_latest/YOURLAYOUT/ substituting your template name in the path.
The in your latest events module config look for the config option called "Override Layout" and type "now" in this field.
Note that the example is based on the assumption that you are using the ruthin layout. If you are using another, say "extplus", then you would place this override file in the folder /templates/YOURTEMPLATE/html/mod_jevents_latest/extplus/ . Note that you would also need to change the references to "ruthin" and "Ruthin" to "extplus" and "Extplus" in the override file.