The Events House Limited

	Page
Strategic Report	1—2
Directors' Report	3
Independent Auditor's Report	4—5
Statement of Comprehensive Income	6
Statement of Financial Position	7
Statement of Changes in Equity	8
Statement of Cash Flows	9
Notes to the Statement of Cash Flows	10
Notes to the Financial Statements	11—20

The directors present their strategic report for the year ended 31 December 2024.

Principal Activity

The company's principal activity continues to be the provision of corporate entertaining and events services.

The company is a wholly owned subsidiary of The Events House Holdings Limited.

Review of the Business

The results for the year and the company’s financial position at the year-end are set out in the financial statements.

Turnover for the year increased by 5% to £11,531,499 (2023: £10,971,111), driven by growth in the company’s core markets and the successful launch of new services.

Gross margin improved to 33% (2023: 31%) and profit before tax remained consistent at £1,487,323 (2023: £1,526,092).

The statement of financial position shows the company's improved net asset position at the year end.

Principal Risks and Uncertainties

The directors have assessed the key risks and uncertainties facing the business, particularly in the context of its global operations. The principal risks identified and their respective mitigation strategies are as follows:

Market Risk

The company is exposed to changes in client demand, the cancellation of major sporting events, and broader economic factors (such as corporate spending cycles) that can affect bookings and profitability.

Mitigations include:

Diversified client base across multiple sectors and geographies
Multi-year client relationships and recurring contracts tied to global calendars
Ongoing investment in brand positioning and service innovation to retain competitive advantage

Operational Risk

Delivery of services relies on coordination of venues, third-party suppliers, staff and logistics. Disruption to any part of the delivery chain can result in reputational and financial damage.

Mitigations include:

Use of a network of established suppliers and local delivery partners with contingency options
Detailed operational planning with risk assessments for each major event
Deployment of experienced on-site project managers to ensure live issue resolution
Ongoing investment in internal systems, logistics coordination, and staff training

Regulatory and Compliance Risk

Operating across multiple jurisdictions exposes the company to a range of regulatory and tax compliance requirements, including VAT, employment law, import/export regulations, and visa arrangements.

Mitigations include:

Engagement of professional advisers in key jurisdictions
Internal compliance and planning protocols for each major country/event
Ongoing training for staff involved in cross-border arrangements

Financial Risk

The business is exposed to currency fluctuations (as many costs and revenues are in non-GBP currencies), and to inflationary pressure in travel, hospitality and logistics. Timing mismatches between revenue and cost recognition can also impact working capital.

Mitigations include:

Natural hedging through matched foreign currency income and expenditure
Detailed budgeting and cash flow forecasting on an event-by-event basis
Regular financial reforecasts and cost reviews to maintain margin discipline

Credit Risk

The company may be exposed to credit risk where deposits or prepayments are made to international suppliers, or where client balances are not settled on time.

...CONTINUED

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The Events House Limited

Strategic Report (continued)

For The Year Ended 31 December 2024

Principal Risks and Uncertainties - continued

Mitigations include:

Advance payment or milestone billing structures for major client contracts
Active monitoring of receivables with prompt follow-up on overdue balances
Use of contractual terms that allow for cancellation charges and liability recovery where appropriate

Future Developments

The company continues to focus on its core business and seeks to secure new contracts for its services.

Dividends

The value of dividends paid amounted to £630,000 .

The directors recommended a final dividend of £NIL .

Research and Development

The company continues to invest in research and development. The directors regard R&D investment as key to the continuing success in the medium to long term future.

Post Balance Sheet Events

There have been no material events since the balance sheet date that require disclosure in the financial statements.

On behalf of the board

A Tingle

Director

Date

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The Events House Limited

Company No. 06678068

Directors' Report For The Year Ended 31 December 2024

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors

The directors who held office during the year were as follows:

A Tingle
D G House
E A Gee	Appointed	16/10/2024
J A Wood	Appointed	09/05/2024

Matters covered in the Strategic Report

Disclosures required under s414C(11) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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 of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the board

A Tingle

Director

30 September 2025

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Independent Auditor's Report

to the Members of

The Events House Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of The Events House Limited for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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/(loss) 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 Auditor's 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 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 or 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.

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Independent Auditor's Report (continued)

to the Members of

The Events House Limited

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, 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 is 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor's report 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:

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.

The laws and regulations the auditor identified as being of significance in the context of the entity are Companies Act 2006 and HMRC regulations, and the Health and Safety at Work Act 1974.

The auditor’s approach to the risks identified include:

Enquiry of management as to any actual or potential litigation and claims.
Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

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

Other Matters Which We Are Required to Address

The financial statements for the year ended 31 December 2024 include the prior year financial statements for the period ended 31 December 2023. The prior year financial statements were no subject to an audit, review, or other assurance engagement.

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 that we are required to state to them in an auditor's report 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.

Mr Adrian Neal BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of TAG Berry Audit Limited , Statutory Auditor

30 September 2025

TAG Berry Audit Limited

Bowden House

36 Northampton Road

Market Harborough

LE16 9HE

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The Events House Limited

Statement of Comprehensive Income

For The Year Ended 31 December 2024

Statement of Comprehensive Income

		2024	2023
	Notes	£	£
TURNOVER	3	11,531,499	10,971,111
Cost of sales		(7,751,176 )	(7,580,720 )

GROSS PROFIT		3,780,323	3,390,391

Administrative expenses		(2,243,746 )	(1,757,521 )

OPERATING PROFIT	4	1,536,577	1,632,870
Loss on disposal of fixed assets		(43,021 )	(31,838 )
Amounts written off investments		2,732	(2,732 )
Other interest receivable and similar income	9	46,068	815
Interest payable and similar charges	10	(55,033 )	(72,213 )

PROFIT BEFORE TAXATION		1,487,323	1,526,902
Tax on Profit	11	(405,110 )	(293,290 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,082,213	1,233,612
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		1,082,213	1,233,612

The notes on pages 10 to 20 form part of these financial statements.

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The Events House Limited

Statement of Financial Position

As At 31 December 2024

Statement of Financial Position

Registered number: 06678068

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		2,306,374		1,967,244
Investments	13		2,792		-

			2,309,166		1,967,244
CURRENT ASSETS
Debtors	14	2,924,076		2,169,440
Cash at bank and in hand		1,195,243		1,397,336

		4,119,319		3,566,776
Creditors: Amounts Falling Due Within One Year	15	(3,083,598 )		(2,565,279 )

NET CURRENT ASSETS (LIABILITIES)			1,035,721		1,001,497

TOTAL ASSETS LESS CURRENT LIABILITIES			3,344,887		2,968,741

Creditors: Amounts Falling Due After More Than One Year	16		(152,848 )		(224,670 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	18		(320,344 )		(324,589 )

NET ASSETS			2,871,695		2,419,482

CAPITAL AND RESERVES
Called up share capital	19		9		9
Share premium account			68		68
Income Statement			2,871,618		2,419,405

SHAREHOLDERS' FUNDS			2,871,695		2,419,482

On behalf of the board

A Tingle

Director

30 September 2025

The notes on pages 10 to 20 form part of these financial statements.

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The Events House Limited

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Share Premium	Income Statement	Total
	£	£	£	£
As at 1 January 2023	9	68	1,797,293	1,797,370
Profit for the year and total comprehensive income	-	-	1,233,612	1,233,612

Dividends paid	-	-	(611,500)	(611,500)

As at 31 December 2023 and 1 January 2024	9	68	2,419,405	2,419,482


Profit for the year and total comprehensive income	-	-	1,082,213	1,082,213

Dividends paid	-	-	(630,000)	(630,000)

As at 31 December 2024	9	68	2,871,618	2,871,695

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The Events House Limited

Statement of Cash Flows

For The Year Ended 31 December 2024

Statement of Cash Flows

		2024	2023
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,903,682	1,822,141
Interest paid		(55,033 )	(72,213 )
Tax paid		(119,195 )	(47,329 )

Net cash generated from operating activities		1,729,454	1,702,599

Cash flows from investing activities
Purchase of tangible assets		(1,118,577 )	(1,229,105 )
Proceeds from disposal of tangible assets		-	522,554
Purchase of investment in subsidiary undertaking		(60 )	-
Interest received		46,068	815

Net cash used in investing activities		(1,072,569 )	(705,736 )

Cash flows from financing activities
Equity dividends paid		(625,000 )	(611,500 )
Repayment of bank borrowings		-	(93,750 )
Repayment of finance leases		(181,603 )	(275,926 )
Amount introduced by directors		-	13,425
Amount withdrawn by directors		(42,375)	-

Net cash used in financing activities		(848,978 )	(967,751 )



(Decrease)/increase in cash and cash equivalents		(192,093 )	29,112
Cash and cash equivalents at beginning of year	2	1,397,336	1,368,224

Cash and cash equivalents at end of year	2	1,205,243	1,397,336

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The Events House Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 December 2024

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2024	2023
	£	£
Profit for the financial year	1,082,213	1,233,612
Adjustments for:
Tax on profit	405,110	293,290
Interest expense	55,033	72,213
Interest income	(46,068 )	(815 )
Depreciation of tangible assets	898,426	880,257
Provisions of fixed asset investments	(2,732)	2,732
Loss on disposal of tangible assets	43,021	31,838
Movements in working capital:
Decrease in stocks	-	175,226
Increase in trade and other debtors	(660,762 )	(615,002 )
Increase/(decrease) in trade and other creditors	129,441	(251,210 )

Net cash generated from operations	1,903,682	1,822,141

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2024	2023
	£	£
Cash at bank and in hand	1,195,243	1,397,336

3. Analysis of changes in net funds

	As at 1 January 2024	Cash flows	New finance leases	As at 31 December 2024
	£	£	£	£
Cash at bank and in hand	1,397,336	(202,093)	-	1,195,243
Finance leases	(408,189)	181,603	(162,000)	(388,586)

	989,147	(20,490)	(162,000)	806,657

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The Events House Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

The Events House Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06678068 . The registered office is Unit 6, Highwall Business Park, Tetron Way, Swadlincote, Derbyshire, DE11 0AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and 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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.4. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In preparing these financial statements the directors have made the following judgements:

- Determined whether there are indicators of impairment of the company's tangible assets and investments in subsidiaries. Factors taken into consideration in reaching such a decision include the financial viability and expected future financial performance of the asset.

- Determined that the accounting policies in place in respect of turnover recognition and measurement are reasonable.

2.5. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover can be measured reliably;

- it is probable that the company 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.

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Leasehold	3 years straight line
Plant & Machinery	15-50% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	3 years straight line
Computer Equipment	3 years straight line

Assets that are subject to depreciation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is an indication an asset is impaired the carrying value of the asset is tested for impairment.

An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an assets fair value less costs to sell and the value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separate identifiable cash flows.

2.7. Investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2.8. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.10. Financial Instruments

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.11. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.12. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.13. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.14. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Turnover

Analysis of turnover by class of business is as follows:

	2024	2023
	£	£
Goods	570,173	1,577,559
Services	10,961,326	9,393,552

	11,531,499	10,971,111

Analysis of turnover by geographical market is as follows:

	2024	2023
	£	£
United Kingdom	1,819,876	10,380,285
Europe	3,489,158	141,712
Rest of the world	6,222,465	449,113

	11,531,499	10,971,110

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Bad debts	(2,149)	(384)
Research and Development Costs	86,713	31,712
Exchange differences	49,882	2,044
Depreciation of tangible fixed assets - owned	783,155	720,150
Depreciation of tangible fixed assets - finance leases and hire purchase contracts	115,271	160,107

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	24,000	-


Other Services
Other non-audit services	7,215	-

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	1,101,604	933,844
Social security costs	104,289	83,464
Other pension costs	31,037	40,702

	1,236,930	1,058,010

7. Average Number of Employees

Average number of employees, including directors, during the year was: 32 (2023: 28)

8. Directors' remuneration

	2024	2023
	£	£
Emoluments	69,145	20,778
Company contributions to money purchase pension schemes	7,078	16,919

	76,223	37,697

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

	2024		2023
Money purchase pension schemes	4		2

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Interest Receivable and Similar Income

	2024	2023
	£	£
Bank interest receivable	14,185	815
Director loan interest	31,883	-

	46,068	815

10. Interest Payable and Similar Charges

	2024	2023
	£	£
Bank loans and overdrafts	254	-
Other finance charges	54,779	72,213

	55,033	72,213

11. Tax on Profit

	Tax Rate		2024	2023
The tax charge on the profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	25.0%	23.5%	383,433	295,167
Prior period adjustment			25,922	(47,901 )

			409,355	247,266
Deferred Tax
Deferred taxation			(4,245 )	46,024


Total tax charge for the period			405,110	293,290


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2024	2023
			£	£
Profit before tax			1,487,323	1,526,902

Tax on profit at 25% (UK standard rate)			371,831	358,822
Goodwill/depreciation not allowed for tax			2,234	533
Expenses not deductible for tax purposes			5,123	6,185
Capital allowances			-	(6,542 )
Short term timing differences			-	642
Prior period adjustment			25,922	(47,901 )
Difference in tax rates			-	(2,839 )
Double taxation relief			-	(15,610 )

Total tax charge for the period			405,110	293,290

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 January 2024	398,722	7,015	3,709,381	401,671
Additions	353,866	-	815,609	66,990
Disposals	-	-	(909,468 )	-

As at 31 December 2024	752,588	7,015	3,615,522	468,661

Depreciation
As at 1 January 2024	648	7,015	2,415,639	143,630
Provided during the period	8,935	-	767,640	104,153
Disposals	-	-	(866,447 )	-

As at 31 December 2024	9,583	7,015	2,316,832	247,783

Net Book Value
As at 31 December 2024	743,005	-	1,298,690	220,878

As at 1 January 2024	398,074	-	1,293,742	258,041


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	19,688	31,549	4,568,026
Additions	33,604	10,508	1,280,577
Disposals	-	-	(909,468 )

As at 31 December 2024	53,292	42,057	4,939,135

Depreciation
As at 1 January 2024	7,340	26,510	2,600,782
Provided during the period	12,302	5,396	898,426
Disposals	-	-	(866,447 )

As at 31 December 2024	19,642	31,906	2,632,761

Net Book Value
As at 31 December 2024	33,650	10,151	2,306,374

As at 1 January 2024	12,348	5,039	1,967,244

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023
	£	£
Plant & Machinery	342,662	308,658
Motor Vehicles	102,358	137,909

	445,020	446,567

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

13. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	-
Additions	60

As at 31 December 2024	60

Provision
As at 1 January 2024	-
Reversal of past impairments	(2,732 )

As at 31 December 2024	(2,732 )

Net Book Value
As at 31 December 2024	2,792

As at 1 January 2024	-

Subsidiaries

Details of the company's subsidiaries as at 31 December 2024 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Exsim Ltd	Unit 6, Highwall Business Park, Tetron Way, Swadlincote, Derbyshire, DE11 0AF	A Ordinary	74.00%	-
Events House Inc	174 Distribution Cove, Buda, TX 78610, USA	Ordinary	70.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

	Capital and Reserves	Profit/(loss)
	£	£
Exsim Ltd	(15,737 )	-
Events House Inc	18,470	26,430

14. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,933,869	2,085,836
Amounts owed by group undertakings	503,512	18,404
Other debtors	486,695	65,200

	2,924,076	2,169,440

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

15. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	235,738	183,519
Trade creditors	1,444,654	1,445,786
Amounts owed to group undertakings	-	65,090
Other creditors	358,855	67,584
Corporation tax	637,050	288,440
Taxation and social security	407,301	514,860

	3,083,598	2,565,279

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

Plant, machinery and motor vehicles with a carrying amount of £258,662 (2024: £456,567) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

16. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	152,848	224,670

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Net obligations under finance lease and hire purchase contracts	388,586		408,189

The parent company, The Events House Holdings Limited, has a commercial mortgage secured by a legal charge over the parent company's investment property.

The commercial mortgage is subject to a cross-guarantee and debenture granted by this company and its parent, The Events House Holdings Limited, in favour of the lender. As a result, both the company and its parent company are jointly and severally liable for the borrowings advanced under the facility.

17. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	235,738	183,519
Later than one year and not later than five years	152,848	224,670

	388,586	408,189

	388,586	408,189

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

18. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	320,344	324,589

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

19. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
45,000 Ordinary Shares of £ 0.0001 each	5	5
2 Ordinary A shares of £ 1.0000 each	2	2
1 Ordinary B shares of £ 1.0000 each	1	1
1 Ordinary C shares of £ 1.0000 each	1	1

	9	9

The holders of the A Ordinary shares are not entitled to vote at any general meeting.

Where a dividend is declared in respect of more than one class of shares the company may, by ordinary resolution, differentiate between such classes as to the amount or percentage of dividend payable, but in default the shares in each class shall be deemed to rank pari passu in all other respects as if they constituted one class of shares.

20. Capital Commitments

At the balance sheet date, the company had capital commitments of £69,399 (2023: £nil) which were contracted for but not provided in the financial statements.

21. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	49,159	34,956
Later than one year and not later than five years	25,803	58,960

	74,962	93,916

Finance lease payments represent rentals payable by the company for certain items of plant and machinery and motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 4 years. All leases are on a fixed repayment bases and no arrangements have been entered into for contingent rental payments.

22. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the income statement in respect of defined contribution schemes was £31,037 (2023: £40,702).

At the statement of financial position date contributions of £4,948 (2023: £9,968) were due to the fund and are included in creditors.

23. Directors Advances, Credits and Guarantees

Included within other debtors are the following loans to directors as follows:

At start of period	Amounts advanced	Amounts repaid	At end of period
£1,027	£59,397	£25,000	£35,424

The above loans are unsecured, interest free and repayable on demand.

24. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	630,000	611,500

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The Events House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

25. Related Party Disclosures

During the year the company was charged rent for the use of office premises totalling £72,917 (2023: £nil) by a fellow group company.

At the balance sheet date a total amount of £503,512 (2023: £17,322) was owed to the company by related parties in respect of interest free inter-company loans.

26. Controlling Parties

The company's immediate parent undertaking is The Events House Holdings Ltd .

The ultimate parent undertaking is (incorporated in England & Wales). Its registered office is Unit 6, Highwall Business Park, Tetron Way, Swadlincote, Derbyshire, DE11 0AF .

The company's ultimate controlling party is A Tingle and D G House, directors and majority shareholders of The Events House Holdings Ltd.

27. Auditors Liability Limitation Agreement

The total aggregate liability to the company, of whatever nature, whether in contract, tort or otherwise, of the auditor for any losses whatsoever and howsoever caused arising from or in any way connected with this engagement shall not exceed £100,000. The date of the resolution was 19 November 2024.

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