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REGISTERED NUMBER: 04678389 (England and Wales)




















Strategic Report, Report of the Director and

Financial Statements

for the Year Ended 31 December 2024

for

Robe UK Ltd

Robe UK Ltd (Registered number: 04678389)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 8

Balance Sheet 9

Notes to the Financial Statements 10


Robe UK Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr M J Hannaford





SECRETARY: Mr L J Nash





REGISTERED OFFICE: 3 Spinney View
Stone Circle Road
Round Spinney Industrial Estate
Northampton
Northamptonshire
NN3 8RF





REGISTERED NUMBER: 04678389 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Robe UK Ltd (Registered number: 04678389)

Strategic Report
for the Year Ended 31 December 2024

The director presents his strategic report for the year ended 31 December 2024.

Review of business results and performance

The company is the exclusive UK distributor of its parent company which manufactures show lighting and is recognised as the global leader for its innovation, quality engineering and dedication to the very highest production values.

The period under review was another good year for the company, with turnover in excess of £10 million.

Key performance indicators

2024 2023
£    £   
Turnover 10,234,940 10,650,080
Profit/(loss) before taxation 750,589 1,060,179
Shareholders' fund total 5,165,411 4,409,423


Principal risks and uncertainties

Due to the nature of the business, the company is exposed to the following risks which are mitigated through regular review of the management information systems.

Credit risk

Credit risk is minimised in that 80% of sales are made on a pre-paid basis. Credit is only extended to very few substantial primarily multi-national customers. All other customers are extended a minimal credit line only for the purchase of urgent spare parts.

Liquidity risk

Rolling cashflow projections are prepared regularly for review by the directors and the company maintains a positive cash balance at all times to ensure liabilities can be settled as they fall due.

Supply chain

The company is largely reliant on the capacity for production within the group. Group has significantly increased expansion of the manufacturing capability in the past year.

ON BEHALF OF THE BOARD:





Mr M J Hannaford - Director


25 July 2025

Robe UK Ltd (Registered number: 04678389)

Report of the Director
for the Year Ended 31 December 2024

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTOR
Mr M J Hannaford held office during the whole of the period from 1 January 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he 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 company's auditors are aware of that information.

AUDITORS
The auditors, Clifford Roberts - Statutory Auditor, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:





Mr M J Hannaford - Director


25 July 2025

Report of the Independent Auditors to the Members of
Robe UK Ltd

Opinion
We have audited the financial statements of Robe UK Ltd (the 'company') for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and 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 company's affairs as at 31 December 2024 and of its 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 company 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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.

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 Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Robe UK Ltd


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

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, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Robe UK 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK Generally Accepted Accounting Practice, UK corporate taxation laws.

- We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and by observing the oversight of management, the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud in the first instance.

We corroborated our inquiries through our review of all relevant available audit information.
- Identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud;

- Understanding of how senior management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

- Challenging assumptions and judgements made by management in its significant accounting estimates;

- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and,

- Assessing the extent of compliance with relevant laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Report of the Independent Auditors to the Members of
Robe UK Ltd


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.




Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

25 July 2025

Robe UK Ltd (Registered number: 04678389)

Statement of Income and Retained Earnings
for the Year Ended 31 December 2024

2024 2023
Notes £ £

REVENUE 10,234,940 10,650,080

Cost of sales 6,767,377 6,998,487
GROSS PROFIT 3,467,563 3,651,593

Administrative expenses 2,754,913 2,625,311
OPERATING PROFIT 4 712,650 1,026,282

Interest receivable and similar income 42,334 35,706
754,984 1,061,988

Interest payable and similar expenses 5 4,395 1,809
PROFIT BEFORE TAXATION 750,589 1,060,179

Tax on profit 6 (5,309 ) 246,134
PROFIT FOR THE FINANCIAL YEAR 755,898 814,045

Retained earnings at beginning of year 4,408,423 3,594,378

RETAINED EARNINGS AT END OF
YEAR

5,164,321

4,408,423

Robe UK Ltd (Registered number: 04678389)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Property, plant and equipment 7 82,585 103,821
Investments 8 1,374,963 1,374,963
1,457,548 1,478,784

CURRENT ASSETS
Inventories 9 1,615,527 1,571,400
Debtors 10 1,116,474 560,613
Cash at bank 1,692,730 2,067,755
4,424,731 4,199,768
CREDITORS
Amounts falling due within one year 11 696,312 1,243,174
NET CURRENT ASSETS 3,728,419 2,956,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,185,967

4,435,378

PROVISIONS FOR LIABILITIES 13 20,646 25,955
NET ASSETS 5,165,321 4,409,423

CAPITAL AND RESERVES
Called up share capital 14 1,000 1,000
Retained earnings 5,164,321 4,408,423
SHAREHOLDERS' FUNDS 5,165,321 4,409,423

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





Mr M J Hannaford - Director


Robe UK Ltd (Registered number: 04678389)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Robe UK 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 Company 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.

The significant accounting policies applied in the preparation of these financial statements are set out below.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements
The financial statements contain information about Robe UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Robe Lighting S.R.O, Hazovice 2090, 75661, Roznov pod Radostem, Czech Republic.

Revenue
Turnover represents the invoiced sale of goods and services, excluding Value Added tax.

Sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer and the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 50% on cost and 25% on cost
Computer equipment - 25% on cost, 20% on cost and Straight line over 3 years

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

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

Robe UK Ltd (Registered number: 04678389)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

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

Financial instruments
Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

Debtors and creditors receivable / payable more than one year.

Debtors and creditors which are receivable or payable more than one year are measure initially at fair value and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Derivatives

Derivative financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss.

3. EMPLOYEES AND DIRECTORS
2024 2023
£ £
Wages and salaries 1,541,976 1,521,729
Social security costs 159,834 177,731
Other pension costs 33,847 31,626
1,735,657 1,731,086

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

26 25

Robe UK Ltd (Registered number: 04678389)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS - continued

2024 2023
£ £
Director's remuneration 269,240 244,573
Director's pension contributions to money purchase schemes 3,210 2,425

Information regarding the highest paid director is as follows:
2024 2023
£ £
Emoluments etc 269,240 244,573
Pension contributions to money purchase schemes 3,210 2,425

4. OPERATING PROFIT

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

2024 2023
£ £
Depreciation - owned assets 21,236 2,140
Auditors' remuneration 14,200 12,100
Other non- audit services 2,318 2,258
Foreign exchange differences (3,670 ) 23,780

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£ £
Interest on corporation tax 4,395 1,809

6. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
2024 2023
£ £
Current tax:
UK corporation tax - 222,519

Deferred tax (5,309 ) 23,615
Tax on profit (5,309 ) 246,134

Robe UK Ltd (Registered number: 04678389)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. TAXATION - continued

Reconciliation of total tax (credit)/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 750,589 1,060,179
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 25%)

187,647

265,045

Effects of:
Expenses not deductible for tax purposes 11,696 9,811
Capital allowances in excess of depreciation - (24,150 )
timing differences
Deferred Tax movement - 23,615
Change in Tax Rate - (13,997 )
Group loss relief (204,652 ) (14,190 )
Total tax (credit)/charge (5,309 ) 246,134

7. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024
and 31 December 2024 130,545 14,453 22,699 141,466 309,163
DEPRECIATION
At 1 January 2024 130,016 14,453 22,699 38,174 205,342
Charge for year 176 - - 21,060 21,236
At 31 December 2024 130,192 14,453 22,699 59,234 226,578
NET BOOK VALUE
At 31 December 2024 353 - - 82,232 82,585
At 31 December 2023 529 - - 103,292 103,821

8. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2024
and 31 December 2024 1,374,963
NET BOOK VALUE
At 31 December 2024 1,374,963
At 31 December 2023 1,374,963

Robe UK Ltd (Registered number: 04678389)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. FIXED ASSET INVESTMENTS - continued

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

Robe Lighting Ireland Limited
Registered office: Coliemore House, Coliemore Road, Dakley, Dublin, A96A8D5, Ireland
Nature of business: Support to performing arts
%
Class of shares: holding
Ordinary 100.00
2024 2023
£ £
Aggregate capital and reserves 107,589 98,478
Profit for the year 9,111 37,734

Artistic Licence Engineering Limited
Registered office: The Mould Making Workshop Soby Mews, Bovey Tracey, Newton Abbot, England, TQ13 9JG
Nature of business: Manufacture of loaded electronic boards
%
Class of shares: holding
Ordinary 100.00
2024 2023
£ £
Aggregate capital and reserves 290,092 477,248
Loss for the year (188,720 ) (54,365 )

9. INVENTORIES
2024 2023
£ £
Stocks 1,615,527 1,571,400

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 127,366 366,969
Amounts owed by group undertakings 880,191 121,673
VAT 40,823 -
Prepayments and accrued income 68,094 71,971
1,116,474 560,613

Robe UK Ltd (Registered number: 04678389)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Payments on account 270,573 68,798
Trade creditors 33,162 212,672
Amounts owed to group undertakings 151,874 372,636
Tax (112,000 ) 146,398
Social security and other taxes 95,054 102,987
VAT - 68,553
Other creditors 22,287 28,689
Accruals and deferred income 235,362 237,998
Accrued expenses - 4,443
696,312 1,243,174

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 115,936 94,843
Between one and five years 341,724 80,447
In more than five years 367,128 -
824,788 175,290

13. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 20,646 25,955

Deferred tax
£
Balance at 1 January 2024 25,955
Accelerated capital allowances (5,309 )
Balance at 31 December 2024 20,646

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1.00 1,000 1,000

15. ULTIMATE PARENT COMPANY

The ultimate parent company is Robe Lighting S.R.O a company incorporated in the Czech Republic, by virtue of its 100% shareholding.

Robe UK Ltd (Registered number: 04678389)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

16. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in the Financial Reporting Standard 102 "Related Party Disclosures" for a wholly owned subsidiary company not to disclose transactions with other members of the wholly owned group headed by Robe Lighting S.R.O.

The ultimate controlling party is Robe Lighting S.R.O.

Registered Address
Hazovice 2090
75661
Roznov pod Radhostem
Czech Republic