REGISTERED NUMBER: 03945491 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2025

for

The Tabor Group Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

17

DIRECTORS:

E J Tabor

K J Tabor

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

03945491 (England and Wales)

AUDITORS:

Cartwrights

Chartered Accountants and Business Advisors

Statutory Auditor

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

The Group continues to provide high quality wedding events to its customers. Despite the drop in profitability during the current year, the business has managed to continue being competitive by acquiring and keeping quality personnel in key areas of the business. Because of our positive performances in previous years and the experience of the directors in the industry, we are confident about the outlook for the foreseeable future.

The performance and profitability of the company is in line with our expectations. Given the tough economic conditions and high cost of living, the directors are content with the results and financial position of the company.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the Group's strategy are subject to a number of risks, but the following have been identified by the directors as being the main risks that could potentially impact on the Group's operating and financial performance.

1. The economy

The industry is largely driven by economic cycles and levels of customer confidence. The directors have attempted to reduce this cyclical risk by expanding its targeted customer base and providing high quality services.

2. Competition

The Group operates in a highly competitive market with the mitigation of risk being achieved by the continuous review by the directors of competitors and potential opportunities available.

The directors regularly review the aforementioned risks and uncertainties and continuously looking into different strategies to mitigate their impact.

KEY PERFORMANCE INDICATORS

The group identifies key performance indicators both financial and quality to measure its performance.

Financial performance indicators:

Turnover - Our income decreased from £7,238,404 in 2024 to £6,627,985, a decrease of 8%.

Net profit - Profit before tax decreased from £432,186 in 2024 to £153,485 a decrease of 64%.

Gross margin -The gross profit margin has decreased from 56% in 2024 to 51%.

EBITDA - which indicates underlying trading performance, decreased from £990,972 in 2024 to £680,083, a decrease of 31%.

With the experience gained in the wedding industry by the directors, we are confident that the Group has the potential to succeed despite the current economic climate. The aim of the Group is to provide high end quality services to our customers.

The directors continuously monitor the performance of the Group and at present consider turnover and gross profit to be their key performance indicators.

ON BEHALF OF THE BOARD:

E J Tabor - Director

26 November 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

E J Tabor

K J Tabor

Other changes in directors holding office are as follows:

L V Cockayne - appointed 11 June 2024 - resigned 11 June 2024

S Palmer - appointed 11 June 2024 - resigned 11 June 2024

DIRECTORS' RESPONSIBILITIES STATEMENT

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.

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Cartwrights, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

E J Tabor - Director

26 November 2025

Opinion

We have audited the financial statements of The Tabor Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 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 31 March 2025 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.

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 Directors' Responsibilities Statement set out on page four, 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.

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:

We ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations, and that they remained alert to instances of non-compliance throughout the audit.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- based on our understanding of the company and industry, and through discussions with directors and key management, we identified any specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; and

- we assessed the extent of compliance with these laws and regulations through making enquiries of management and inspecting legal correspondence.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries, particularly focused around the year-end, to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates in the notes to the financial statements were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.

Eric McIntyre FCCA (Senior Statutory Auditor)

for and on behalf of Cartwrights

Chartered Accountants and Business Advisors

Statutory Auditor

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

26 November 2025

TURNOVER

6,627,985

7,238,404

Cost of sales

(3,237,553

)

(3,221,905

)

GROSS PROFIT

3,390,432

4,016,499

Administrative expenses

(3,166,478

)

(3,475,148

)

223,954

541,351

Other operating income

11,732

6,172

OPERATING PROFIT

4

235,686

547,523

Interest receivable and similar income

26,908

28,772

262,594

576,295

Interest payable and similar expenses

5

(109,109

)

(144,109

)

PROFIT BEFORE TAXATION

153,485

432,186

Tax on profit

6

(55,744

)

(133,570

)

PROFIT FOR THE FINANCIAL YEAR

97,741

298,616

Profit attributable to:

Owners of the parent

97,741

298,616

PROFIT FOR THE YEAR

97,741

298,616

OTHER COMPREHENSIVE INCOME

Revaluation reserve

1,300

-

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

1,300

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

99,041

298,616

Total comprehensive income attributable to:

Owners of the parent

99,041

298,616

FIXED ASSETS

Intangible assets

8

162,287

270,563

Tangible assets

9

7,532,107

7,806,529

Investments

10

-

-

7,694,394

8,077,092

CURRENT ASSETS

Stocks

11

155,771

208,081

Debtors

12

539,720

536,319

Cash at bank and in hand

2,022,675

1,551,123

2,718,166

2,295,523

CREDITORS

Amounts falling due within one year

13

4,672,949

4,263,478

NET CURRENT LIABILITIES

(1,954,783

)

(1,967,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,739,611

6,109,137

CREDITORS

Amounts falling due after more than one year

14

(1,578,812

)

(1,983,724

)

PROVISIONS FOR LIABILITIES

17

(227,206

)

(290,861

)

NET ASSETS

3,933,593

3,834,552

CAPITAL AND RESERVES

Called up share capital

18

2

2

Revaluation reserve

19

1,300

-

Retained earnings

19

3,932,291

3,834,550

SHAREHOLDERS' FUNDS

3,933,593

3,834,552

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

E J Tabor - Director

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

5,887,619

5,887,612

Investments

10

2,368,528

2,368,528

8,256,147

8,256,140

CURRENT ASSETS

Debtors

12

255,711

255,922

Cash at bank

84,302

82,794

340,013

338,716

CREDITORS

Amounts falling due within one year

13

4,115,466

3,758,640

NET CURRENT LIABILITIES

(3,775,453

)

(3,419,924

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,480,694

4,836,216

CREDITORS

Amounts falling due after more than one year

14

(1,238,485

)

(1,620,607

)

PROVISIONS FOR LIABILITIES

17

(1,026

)

(1,458

)

NET ASSETS

3,241,183

3,214,151

CAPITAL AND RESERVES

Called up share capital

18

2

2

Revaluation reserve

19

1,300

-

Retained earnings

19

3,239,881

3,214,149

SHAREHOLDERS' FUNDS

3,241,183

3,214,151

Company's profit for the financial year

25,732

1,086

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

E J Tabor - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

2

3,535,934

-

3,535,936

Changes in equity

Total comprehensive income

-

298,616

-

298,616

Balance at 31 March 2024

2

3,834,550

-

3,834,552

Changes in equity

Total comprehensive income

-

97,741

1,300

99,041

Balance at 31 March 2025

2

3,932,291

1,300

3,933,593

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

2

3,213,063

-

3,213,065

Changes in equity

Total comprehensive income

-

1,086

-

1,086

Balance at 31 March 2024

2

3,214,149

-

3,214,151

Changes in equity

Total comprehensive income

-

25,732

1,300

27,032

Balance at 31 March 2025

2

3,239,881

1,300

3,241,183

Cash flows from operating activities

Cash generated from operations

1

1,290,878

767,520

Interest paid

(104,325

)

(138,518

)

Interest element of hire purchase payments paid

(4,784

)

(5,591

)

Tax paid

(142,947

)

(234,776

)

Net cash from operating activities

1,038,822

388,635

Cash flows from investing activities

Purchase of tangible fixed assets

(79,287

)

(210,954

)

Sale of tangible fixed assets

20,357

47,648

Interest received

26,908

28,772

Net cash from investing activities

(32,022

)

(134,534

)

Cash flows from financing activities

Loan repayments in year

(370,861

)

(353,193

)

Capital repayments in year

(14,466

)

-

Decrease in other creditors

(149,921

)

(153,361

)

Net cash from financing activities

(535,248

)

(506,554

)

Increase/(decrease) in cash and cash equivalents

471,552

(252,453

)

Cash and cash equivalents at beginning of year

2

1,551,123

1,803,576

Cash and cash equivalents at end of year

2

2,022,675

1,551,123

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

31/3/25

31/3/24

£

£

Profit before taxation

153,485

432,186

Depreciation charges

444,397

443,450

Profit on disposal of fixed assets

(1,036

)

(17,428

)

Finance costs

109,109

144,109

Finance income

(26,908

)

(28,772

)

679,047

973,545

Decrease/(increase) in stocks

52,310

(24,013

)

(Increase)/decrease in trade and other debtors

(3,401

)

1,534,340

Increase/(decrease) in trade and other creditors

562,922

(1,716,352

)

Cash generated from operations

1,290,878

767,520

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 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

2,022,675

1,551,123

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

1,551,123

1,803,576

3.	ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

1,551,123

471,552

2,022,675

1,551,123

471,552

2,022,675

Debt

Finance leases

(99,251

)

14,466

(84,785

)

Debts falling due within 1 year

(392,189

)

(11,260

)

(403,449

)

Debts falling due after 1 year

(1,620,607

)

382,122

(1,238,485

)

(2,112,047

)

385,328

(1,726,719

)

Total

(560,924

)

856,880

295,956

1.	STATUTORY INFORMATION

The Tabor Group Limited 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 as modified by the revaluation of certain assets.

Basis of consolidation

The consolidated profit and loss account and balance sheet include the financial statements of the company and its subsidiary undertakings made up to 31 March 2020. The results of subsidiaries sold or acquired are included in the profit and loss account up to, or from the date control passes. Intra-group sales and profits are eliminated fully on consolidation.

Turnover

Turnover represents the fair value of services rendered under contract to the extent that there is a right to consideration and is recorded at the value of the consideration due, net of trade discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the amount of turnover can be measured reliably and conditions as stated in the contracts are satisfied. Where payments are received from customers in advance of service provided, the amounts are recorded as deferred income and included as part of creditors.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Goodwill on consolidation is written off in equal instalments over 20 years. As at the balance sheet date, there were 2.5 years remaining.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings leasehold 2% straight line and over term of lease

Fixtures, fittings and equipment 10% straight line

Marquees 5% straight line

Motor vehicles 20% straight line

No provision for depreciation of freehold buildings has been made on the grounds that the amount is not material.

Stocks

Stocks 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 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.

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.

Deferred income

Deferred income relates to sales revenue in relation to events which take place in a subsequent accounting period.

3.	EMPLOYEES AND DIRECTORS

31/3/25

31/3/24

£

£

Wages and salaries

2,968,534

3,157,131

Other pension costs

26,278

26,272

2,994,812

3,183,403

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

31/3/25

31/3/24

Management and administration

24

24

Production

156

140

180

164

31/3/25

31/3/24

£

£

Directors' remuneration

142,024

126,838