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Registered number: 07978052
HYDRA EVENTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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HYDRA EVENTS LIMITED
REGISTERED NUMBER:07978052
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2025.
The notes on pages 2 to 4 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Hydra Events Limited is a private limited liability company registered in England and Wales. Its registered office and business address is 30 Water Street, Canary Wharf, London, England, E14 5GX.
The company's principal activity is that of a promoter of live music and ticket events.
The company's functional and presentational currency is £ sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Turnover comprises revenue recognised by the company in respect of profit shares earned from the staging and operating of live music and corporate events.
Turnover is recognised when the event takes place and it is possible that economic benefit will flow to the company. It is exclusive of Value Added Tax and trade discounts.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
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Basic financial instruments
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The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash is represented by cash in hand and deposits with financial institutions.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Taxation and social security
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Accruals and deferred income
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Allotted, called up and fully paid
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510 A Ordinary shares of £0.10 each
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490 B Ordinary shares of £0.10 each
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The "A" Shareholder has the right to appoint 3 "A" directors and to remove or replace any "A" Director nominated by it. The "B" shareholders have the right to appoint themselves as "B" directors and to maintain that office.
The A Ordinary shares and B Ordinary shares rank pari passu in all other respects.
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The company is a guarantor for loans of £2,371,382 (2024 - £2,874,524) provided to Broadwick Group Limited, its ultimate parent undertaking. The loans are secured by a fixed and floating charge over the assets of the company.
On 12 October 2020 Broadwick Group Limited purchased the entire share capital of Venue Lab Ltd and agreed to pay certain monies for the acquisition over a period of time. £1,850,000 (2024 - £2,000,000) was outstanding at the reporting date. The company has provided a guarantee for this liability by way of a fixed and floating charge over the assets of the company.
The immediate parent undertaking of the company is Broadwick Venues Limited, a company registered in England and Wales, with its registered office at Acre House, 11-15 William Road, London, NW1 3ER.
The ultimate parent undertaking is Broadwick Group Limited, a company registered in England and Wales, with its registered office at Acre House, 11-15 William Road, London, NW1 3ER.
Broadwick Group Limited prepares consolidated accounts, which are available from Companies House.
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.
The audit report was signed on 22 December 2025 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
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