REGISTERED NUMBER: 02853184 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Orbit Tickets Limited

Page

Report of the Director

1

Balance Sheet

2

Notes to the Financial Statements

3

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

Although the company has recorded a loss for the financial year, this result reflects a period of significant strategic investment in the company's long-term growth. During the year, the company undertook a comprehensive rebrand following a change of name, and commenced a major redevelopment of its ticketing software platform. These initiatives are expected to strengthen the company's market position and support future profitability.

In addition, the company recognised a loss on certain long-term investments, which have been prudently written down in the current accounts The directors remain confident that the measures implemented during the year will provide a strong foundation for sustainable success in the years ahead.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a ticket agent.

DIRECTOR

Mr P A Betesh held office during the whole of the period from 1 April 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P A Betesh - Director

10 December 2025

FIXED ASSETS

Intangible assets

4

336,495

169,135

Tangible assets

5

42,106

61,530

Investments

6

132,377

228,867

510,978

459,532

CURRENT ASSETS

Debtors

7

2,091,495

2,036,933

Cash at bank and in hand

188,335

677,141

2,279,830

2,714,074

CREDITORS

Amounts falling due within one year

8

440,870

468,804

NET CURRENT ASSETS

1,838,960

2,245,270

TOTAL ASSETS LESS CURRENT LIABILITIES

2,349,938

2,704,802

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,349,838

2,704,702

SHAREHOLDERS' FUNDS

2,349,938

2,704,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

Mr P A Betesh - Director

1.	STATUTORY INFORMATION

Orbit Tickets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02853184

Registered office:

3rd Floor

Planetree House

21-31 Oldham Street

Manchester

Greater Manchester

M1 1JG

The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amount derived from ordinary activities, stated after trade discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services and is recognised on the provision of services on a percentage degree of completion basis.

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.

IT development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Computer equipment

-

33.33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

IT

development

£

COST

At 1 April 2024

217,175

Additions

289,554

At 31 March 2025

506,729

AMORTISATION

At 1 April 2024

48,040

Amortisation for year

122,194

At 31 March 2025

170,234

NET BOOK VALUE

At 31 March 2025

336,495

At 31 March 2024

169,135

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

118,168

170,626

288,794

Additions

198

12,171

12,369

At 31 March 2025

118,366

182,797

301,163

DEPRECIATION

At 1 April 2024

106,048

121,216

227,264

Charge for year

3,023

28,770

31,793

At 31 March 2025

109,071

149,986

259,057

NET BOOK VALUE

At 31 March 2025

9,295

32,811

42,106

At 31 March 2024

12,120

49,410

61,530

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

228,867

Additions

100

Disposals

(51,638

)

Impairments

(44,952

)

At 31 March 2025

132,377

NET BOOK VALUE

At 31 March 2025

132,377

At 31 March 2024

228,867

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

882

359

Other debtors

2,090,613

2,036,574

2,091,495

2,036,933

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

89,175

65,658

Amounts owed to group undertakings

182,337

122,760

Taxation and social security

34,635

56,699

Other creditors

134,723

223,687

440,870

468,804

9.	RELATED PARTY DISCLOSURES

Included within the creditors note 11 are balances due to related parties of £182,337 (2024: £122,760).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Orbit Tickets Group Limited.