Honestly, I think the visual appeal of the first one was far better than the second.
The photo for the second one is nice, but some of the design elements don’t really do it justice. The way “NYE” is displayed almost looks like it’s a watermark logo. Since this is a New Years Eve flyer, it would be a good idea to make “NYE” more prominent, to make it obvious what it’s for, and give it a bit of flair.
The other part that I have a problem with is the way you did “Tue 31st Dec”. The colour of the banner doesn’t really fit with the overall theme, and the lightness of it makes the text a little hard to read. The primary bits of info that should be the easiest and fastest to see are the most hidden in this (“NYE”, and the date).
Overall though I think you still have the main problem of the first one, being that the main draw is the image, which again I’m guessing you don’t have the rights to, so you can’t supply it with the file, which doesn’t leave the buyer with much aside from a bit of text. If you do have full commercial rights to the image, then that’s great, but if not, then it’s a big issue.
I know it can be difficult to do since it’s almost always the photo as the main eye catching subject, but what you supply as a design also needs to be visually appealing, and complex enough that it can’t be copied within a few minutes. You should try to do something interesting with the text, like some patterns, texture, etc. or include a fancy border or other design elements that are exclusive to this flyer. If everything in your flyer can be created with the default tools of Illustrator/Photoshop, then it’s not enough.
On another note. No one here is trying to put you or your work down, we’re just giving our opinions as to how you can improve your designs, and giving some insight into what should be included with your files. What we say aren’t always “set in stone” rules, but rather personal opinions based on experience and other rejected items that we’ve seen here. Your item was rejected for a reason, and even though we don’t know the exact reason why, we’re doing our best to help you not get rejected in the future. If the reviewer hasn’t given you a more detailed notice as to what you need to do, then you can’t resubmit the same item again, you’ll have to make some significant changes which change the entire look of the flyer(s).