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REGISTERED NUMBER: 13305428 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 16


ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P Morgan
K McDonald





REGISTERED OFFICE: Orchard
Trade Street
Cardiff
CF10 5DT





REGISTERED NUMBER: 13305428 (England and Wales)





AUDITORS: Xeinadin Audit Limited
(Statutory Auditor)
Court House
Court Road
Bridgend
CF31 1BE

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their strategic report of the company and the group for the year ended 30 September 2024.

REVIEW OF BUSINESS
The results for the year and the financial position of the Group are shown in the annexed financial statements. Trading during the year was that of a media and events company.

PRINCIPAL RISKS AND UNCERTAINTIES
Financial performance and operating cashflows are the basis of funding growth, increasing shareholder value and paying dividends. Failure to achieve satisfactory performance could affect our ability to deliver the returns our stakeholders expect.

Harnessing and improving the skills and talents of our existing employees and recruiting, retaining and developing new employees will enable us to improve our capabilities. Failure to engage and enhance existing employees or to attract and retain talented employees could hamper our ability to deliver in the future.

The directors acknowledge that they have a responsibility for the company's systems of internal control and risk management and for monitoring their effectiveness.

No system of control can, however, provide absolute assurance against material misstatement of loss and thus the directors have reviewed the controls and in their judgement, they are appropriate to the Company's business and relative in terms of costs and benefits of implementing more specific controls.

Management aim to minimise the risk the Group faces by developing a broad, balanced client base. Clear risk assessments and strong financial and operational management is essential to control and manage the Group's existing business, retain key staff and balance current development with future growth.

ON BEHALF OF THE BOARD:





K McDonald - Director


6 May 2025

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of a media and events specialist with expertise in creative services for Marketing, Production, Branding, Events and Entertainment.

DIVIDENDS
No dividends will be distributed for the year ended 30 September 2024.

FUTURE DEVELOPMENTS
The board aims to continue to identify opportunities for investment and expand the current level of service into different sectors.

The commercial environment in which the Group operates remains competitive but the directors believe that the Group has a strong competitive advantage due to consistent high-quality and its strong reputation.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
P Morgan and K McDonald were appointed as directors after 30 September 2024 but prior to the date of this report.

P Janczur , A G Wilson and M S Wordley ceased to be directors after 30 September 2024 but prior to the date of this report.

J P Carpenter was appointed as a director after 30 September 2024 but ceased to be a director prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Board Meeting.

ON BEHALF OF THE BOARD:





K McDonald - Director


6 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD


Opinion
We have audited the financial statements of Orchard Media and Events Group Investments Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit was planned on the basis that the testing undertaken and procedures carried out would have a reasonable expectation of detecting any instances of irregularity including fraud. The plan involved assessing the risk of the financial statements containing material misstatements taking into account various factors such as the control systems in place, the standard of record keeping and an assessment of the influence and role of the stakeholders involved. The audit plan was followed and benefitted from the audit teams knowledge of the client. They considered how fraud may occur and where the financial statements may be susceptible to error.

Suitable transaction sample testing was made on the high risk areas of the financial statements. Enquiries were made of the company directors for information and explanations as required during the course of the audit and any contentious areas appropriately challenged to ensure that sufficient audit evidence was obtained.

The procedures and testing undertaken as a result of our risk assessments were deemed sufficient to identify material errors for which adjustment was then made in the financial statements. There is however no guarantee that all errors, including those related to fraud, would be identified as part of the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jon Payne ACA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
(Statutory Auditor)
Court House
Court Road
Bridgend
CF31 1BE

6 May 2025

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 12,072,671 15,720,248

Cost of sales 9,995,208 12,820,578
GROSS PROFIT 2,077,463 2,899,670

Administrative expenses 1,730,158 1,645,335
347,305 1,254,335

Other operating income 52,794 137,678
OPERATING PROFIT 4 400,099 1,392,013

Interest receivable and similar income 72,674 51,983
472,773 1,443,996
Amounts written off investments 5 - 100
472,773 1,443,896

Interest payable and similar expenses 6 6,179 10,227
PROFIT BEFORE TAXATION 466,594 1,433,669

Tax on profit 7 114,171 335,388
PROFIT FOR THE FINANCIAL YEAR 352,423 1,098,281

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

CONSOLIDATED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 10 347,073 429,750
Investments 11 - -
347,073 429,750

CURRENT ASSETS
Debtors 12 2,423,924 1,789,178
Cash at bank 1,481,257 4,001,850
3,905,181 5,791,028
CREDITORS
Amounts falling due within one year 13 1,995,545 4,115,520
NET CURRENT ASSETS 1,909,636 1,675,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,256,709

2,105,258

CREDITORS
Amounts falling due after more than one
year

14

(9,375

)

(121,875

)

PROVISIONS FOR LIABILITIES 18 (20,728 ) (47,787 )

ACCRUALS AND DEFERRED INCOME 19 (3,354 ) (2,927 )
NET ASSETS 2,223,252 1,932,669

CAPITAL AND RESERVES
Called up share capital 20 2,500 2,500
Retained earnings 21 2,220,752 1,899,249
SHAREHOLDERS' FUNDS 2,223,252 1,901,749

NON-CONTROLLING INTERESTS 22 - 30,920
TOTAL EQUITY 2,223,252 1,932,669

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:



P Morgan - Director


ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

COMPANY BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 10 - -
Investments 11 1,870,614 1,870,614
1,870,614 1,870,614

CURRENT ASSETS
Debtors 12 - 89,885

CREDITORS
Amounts falling due within one year 13 - 89,885
NET CURRENT LIABILITIES - -
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,870,614

1,870,614

CAPITAL AND RESERVES
Called up share capital 20 2,500 2,500
Share premium 21 1,000,000 1,000,000
Revaluation reserve 21 868,114 868,114
SHAREHOLDERS' FUNDS 1,870,614 1,870,614

Company's profit for the financial year - 1,075,552

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





P Morgan - Director


ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Non-controlling Total
capital earnings Total interests equity
£    £    £    £    £   
Balance at 1 October 2022 2,500 984,499 986,999 20,323 1,007,322

Changes in equity
Dividends - (171,885 ) (171,885 ) - (171,885 )
Total comprehensive income - 1,086,635 1,086,635 10,597 1,097,232
Balance at 30 September 2023 2,500 1,899,249 1,901,749 30,920 1,932,669

Changes in equity
Total comprehensive income - 321,503 321,503 (30,920 ) 290,583
Balance at 30 September 2024 2,500 2,220,752 2,223,252 - 2,223,252

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Share Revaluation Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 October 2022 2,500 - 1,000,000 (36,553 ) 965,947

Changes in equity
Dividends - (170,885 ) - - (170,885 )
Total comprehensive income - 170,885 - 904,667 1,075,552
Balance at 30 September 2023 2,500 - 1,000,000 868,114 1,870,614

Changes in equity
Balance at 30 September 2024 2,500 - 1,000,000 868,114 1,870,614

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (382,318 ) 1,420,598
Interest paid (6,179 ) (10,227 )
Grants - 25,000
Other cashflow - (5,696 )
Tax paid (355,330 ) (94,748 )
Deferred income (1,099,092 ) (1,294,627 )
Deferred costs (566,341 ) 3,787
Net cash from operating activities (2,409,260 ) 44,087

Cash flows from investing activities
Purchase of tangible fixed assets (80,138 ) (87,138 )
Sale of tangible fixed assets 3,631 13,149
Sale of fixed asset investments - (100 )
Other related loans - (24,435 )
Interest received 72,674 51,983
Net cash from investing activities (3,833 ) (46,541 )

Cash flows from financing activities
Loan repayments in year (112,500 ) (130,000 )
Amount introduced by directors 5,000 -
Dividends not paid at year end - (90,834 )
Equity dividends paid - (171,885 )
Net cash from financing activities (107,500 ) (392,719 )

Decrease in cash and cash equivalents (2,520,593 ) (395,173 )
Cash and cash equivalents at beginning
of year

2

4,001,850

4,397,023

Cash and cash equivalents at end of year 2 1,481,257 4,001,850

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 466,594 1,433,669
Depreciation charges 149,282 150,375
Loss/(profit) on disposal of fixed assets 9,964 (6,524 )
Government grants (10,973 ) (25,949 )
Finance costs 6,179 10,227
Finance income (72,674 ) (51,983 )
548,372 1,509,815
Decrease/(increase) in trade and other debtors 635,819 (179,455 )
(Decrease)/increase in trade and other creditors (1,566,509 ) 90,238
Cash generated from operations (382,318 ) 1,420,598

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 1,481,257 4,001,850
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 4,001,850 4,397,023


ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank and in hand 4,001,850 (2,520,593 ) 1,481,257
4,001,850 (2,520,593 ) 1,481,257
Debt
Debts falling due within 1 year (112,500 ) - (112,500 )
Debts falling due after 1 year (121,875 ) 112,500 (9,375 )
(234,375 ) 112,500 (121,875 )
Total 3,767,475 (2,408,093 ) 1,359,382

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Orchard Media and Events Group Investments 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 General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with 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.

Going Concern
The directors have prepared detailed forecasts for the foreseeable future and are confident that they are able to manage the business effectively.

After making relevant enquiries and carrying out various scenario planning the directors have a reasonable expectation that the Group has adequate resources to continue in operation for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("The Group") as they formed a single entity. Intercompany transactions and balances between Group companies are therefore eliminated in full.

As explained in Note 22 to the financial statements, Orchard Connects Limited, a 51% subsidiary of Orchard Media and Events Limited has been excluded from the consolidated accounts on the basis that it is not material for the purpose of giving a true and fair view.

Significant judgements and estimates
Judgements in applying accounting policies and key sources of estimation uncertainty are detailed below:

Tangible fixed assets
Fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing useful lives, factors such as technological innovation and product life cycles are considered. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Revenue recognition
Costs to complete requires management's best estimate to correctly allocate contract revenue and costs to accounting periods in which the work is performed. Revenues and expenses are recognised by reference to the stage of completion of contract activity where the outcome of the contract can be reliably estimated, otherwise revenue is only recognised to the extent of recoverable contract costs incurred.

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before the revenue is recognised:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Group will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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

Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Government grants
All revenue based grants are recognised as income on a systematic basis over the periods over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Financial instruments
The Group only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Debt instruments (other than those wholly repayable or receivable in one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond normal business terms or in case of an outright short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cashflows discounted at a market rate of interest for similar debt instruments and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 2,512,503 2,395,960
Social security costs 272,269 253,995
Other pension costs 96,677 91,648
2,881,449 2,741,603

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Direct 49 46
Directors 6 3
Central 9 11
64 60

2024 2023
£    £   
Directors' remuneration 127,817 148,231
Directors' pension contributions to money purchase schemes 5,112 5,196

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 97,333 94,567
Depreciation - owned assets 149,220 150,375
Loss/(profit) on disposal of fixed assets 9,964 (6,524 )
Auditors' remuneration 11,500 13,000
Foreign exchange differences 658 2,699

5. AMOUNTS WRITTEN OFF INVESTMENTS
2024 2023
£    £   
Amounts w/o invs - 100

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 6,179 10,227

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 140,274 325,321

Deferred tax (26,103 ) 10,067
Tax on profit 114,171 335,388

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 466,594 1,433,669
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 22 %)

116,649

315,407

Effects of:
Expenses not deductible for tax purposes 7,331 802
Income not taxable for tax purposes (3,622 ) (207 )
Depreciation in excess of capital allowances 19,916 8,720
Deferred tax adjustment (26,103 ) 10,666
Total tax charge 114,171 335,388

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Final - 171,885

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 533,677 226,280 45,557
Additions 59,953 8,939 897
Disposals (35,292 ) (2,677 ) (6,106 )
At 30 September 2024 558,338 232,542 40,348
DEPRECIATION
At 1 October 2023 334,929 75,919 39,058
Charge for year 56,651 41,482 2,264
Eliminated on disposal (24,847 ) (1,644 ) (6,060 )
At 30 September 2024 366,733 115,757 35,262
NET BOOK VALUE
At 30 September 2024 191,605 116,785 5,086
At 30 September 2023 198,748 150,361 6,499

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 18,000 171,664 995,178
Additions - 10,349 80,138
Disposals - (12,477 ) (56,552 )
At 30 September 2024 18,000 169,536 1,018,764
DEPRECIATION
At 1 October 2023 4,071 111,451 565,428
Charge for year 3,355 45,468 149,220
Eliminated on disposal - (10,406 ) (42,957 )
At 30 September 2024 7,426 146,513 671,691
NET BOOK VALUE
At 30 September 2024 10,574 23,023 347,073
At 30 September 2023 13,929 60,213 429,750

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1,870,614
NET BOOK VALUE
At 30 September 2024 1,870,614
At 30 September 2023 1,870,614

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

The Orchard Media and Events Group Limited
Registered office: UK
Nature of business: Media and events
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 2,223,304 1,870,614
Profit for the year 352,690 1,075,552


12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,024,494 802,033 - -
Amounts owed by group undertakings - - - 89,885
Amounts owed by participating interests 1,157,221 183,891 - -
Other debtors - 394 - -
Prepayments 242,209 802,860 - -
2,423,924 1,789,178 - 89,885

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 15) 112,500 112,500 - -
Trade creditors 418,589 751,673 - -
Tax 110,274 325,330 - -
Social security and other taxes 90,296 85,583 - -
VAT 74,965 309,672 - -
Other creditors - 89,885 - 89,885
Directors' current accounts 704 5,704 - -
Accruals and deferred income 671,508 819,372 - -
Accrued expenses 516,709 1,615,801 - -
1,995,545 4,115,520 - 89,885

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2024 2023
£    £   
Bank loans (see note 15) 9,375 121,875

15. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 112,500 112,500
Amounts falling due between one and two years:
Bank loans - 1-2 years 9,375 9,375
Amounts falling due between two and five years:
Bank loans - 2-5 years - 112,500

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 120,000 90,000
Between one and five years 480,000 52,500
600,000 142,500

17. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 121,875 234,375

There is a fixed and floating charge over the undertaking as well as companies with common control and all property and assets present and future, including goodwill, book debts, uncalled capital, building fixture & fittings, plant & machinery. The bank loan has been personally guaranteed by the founder shareholders.

18. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 20,728 47,787

Group
Deferred
tax
£   
Balance at 1 October 2023 47,787
Credit to Income Statement during year (27,059 )
Balance at 30 September 2024 20,728

19. ACCRUALS AND DEFERRED INCOME

Group
2024 2023
£    £   
Deferred government grants 3,354 2,927

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,500 Ordinary £1 2,500 2,500

21. RESERVES

Group
Retained
earnings
£   

At 1 October 2023 1,899,249
Profit for the year 321,503
At 30 September 2024 2,220,752

Company
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 October 2023 - 1,000,000 868,114 1,868,114
Profit for the year - -
At 30 September 2024 - 1,000,000 868,114 1,868,114


22. NON-CONTROLLING INTERESTS

Non-controlling interests relate to the profit and loss in respect of Orchard Connects Limited.

Orchard Connects Limited is a 51% subsidiary of Orchard Media and Events Limited. It has been excluded from this years consolidated accounts on the basis that is is not material to the group for the purpose of giving a true and fair view.

ORCHARD MEDIA AND EVENTS GROUP
INVESTMENTS LTD (REGISTERED NUMBER: 13305428)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


23. RELATED PARTY DISCLOSURES

Included in creditors are amounts owed to the directors of £704 (2023 £704).

During the year, the Group paid it's shareholders a commission for their personal guarantees in respect of the bank borrowings totalling £7,800 (2023 £7,800).

At the balance sheet date, the Group was owed £87,500 (2023 £144,273), by Rescape Innovation Limited, a company with common shareholders.This amount was repaid in full on 18th October 2024.

At the balance sheet date, the Group was owed £1,062,719 (2023 £39,618) by Push 4 Audio Visual Investments Limited, a company with common shareholders. This amount was repaid in full on 18th October 2024.

During the year, the Group was charged rent at market value by Orchard Media Properties Limited and Push 4 Audio Visual Investments Limited, companies with common shareholders.

24. POST BALANCE SHEET EVENTS

Post the balance sheet date but prior to signing of the financial statements 100% of the share capital
of Orchard Media and Events Investments Limited were purchased by Orchard Media and Events
EOT Trustee Limited, a private company limited by guarantee without share capital, forming an
Employee Ownership Trust.

Orchard Media and Events Investments Limited owns 100% of the share capital of Orchard Media and
Events Group Limited.

25. ULTIMATE CONTROLLING PARTY

The controlling party is Orchard Media and Events EOT Trustee Limited.