Regis Entertainment Limited Company accounts

COMPANY REGISTRATION NUMBER: 05512757

Regis Entertainment Limited

Financial Statements

31 March 2025

Regis Entertainment Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	5

Independent auditor's report to the members	7

Statement of comprehensive income	11

Statement of financial position	12

Statement of changes in equity	13

Notes to the financial statements	14

Regis Entertainment Limited

Officers and Professional Advisers

The board of directors	J Dallimore
	F Hoddy
	S E Taylor
	K Morshead

Registered office	16-18 Warrior Square
	Southend-On-Sea
	Essex
	England
	SS1 2WS

Auditor	Moore Kingston Smith LLP
	Chartered accountants & statutory auditor
	10 Orange Street
	London
	United Kingdom
	WC2H 7DQ

Regis Entertainment Limited

Strategic Report

Year ended 31 March 2025

The directors present the strategic report for the year ended 31 March 2025.

Fair review of the business

The company's activities increased during the year, with turnover rising to £8,862,176 (2024: £8,692,701). Growth was achieved across all lines of business, reflecting continued operational strength and brand performance.

Profit before tax increased significantly to £11,374,139 (2024: £435,404). This increase primarily arose from the write-off of an intercompany balance as part of a group reconstruction. Excluding this one-off gain, the company continued to deliver a strong underlying trading performance in line with management expectations.

The directors monitor a range of performance measures, with gross profit margin being the key performance indicator. This decreased slightly to 32.82% (2024: 36.26%), mainly due to higher operating costs and inflationary pressures. Given the focused nature of the company's activities, the directors believe that this measure provides a clear and sufficient indication of overall performance and financial position.

Principal risks and uncertainties

The directors consider the principal risks facing the company to be a reduction in hotel occupancy levels and restaurant covers. The broader UK economic environment - including cost-of-living pressures, increased interest rates, and sustained inflation - continues to impact consumer spending and discretionary leisure activity.

Management monitors performance against budgets, historical results, and market data to identify trends and take timely corrective action where required. The company maintains robust cost controls, marketing initiatives to support occupancy, and a focus on service quality to mitigate these risks.

Operational risks such as staff availability, energy costs, and supply chain disruption are also reviewed regularly to ensure business resilience.

Future performance

The directors expect the hotel to remain profitable over the medium to long term. Continuous investment in the property and guest experience remains central to maintaining its luxury status.

Looking ahead, the company plans to expand its capacity by extending the hotel to provide additional rooms and facilities. Land acquisitions to the rear of the property have been completed to facilitate this development, which is expected to enhance capacity, guest experience, and long-term value.

Going concern

The company generated turnover of £8.9 million during the year (2024: £8.7 million), reflecting consistent trading across all business lines. At the year end, the company had net assets of £6.9 million (2024: net liabilities of £4.5 million), representing a substantial strengthening of its balance sheet position.

The company is profitable and maintains adequate financial resources. Based on current forecasts and cash flow projections, the directors have a reasonable expectation that the company has sufficient resources to continue operations for the foreseeable future, being at least 12 months from the date of approval of these financial statements. Accordingly, the directors considered it appropriate to prepare the financial statements on a going concern basis.

Further details regarding the wider group's financial position are provided in the consolidated financial statements of Broadway Creek UK Limited.

This report was approved by the board of directors on 19 December 2025 and signed on behalf of the board by:

S E Taylor

Director

Registered office:

16-18 Warrior Square

Southend-On-Sea

Essex

England

SS1 2WS

Regis Entertainment Limited

Directors' Report

Year ended 31 March 2025

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

Directors

The directors who served the company during the year were as follows:

J Dallimore
F Hoddy
S E Taylor
K Morshead	(Appointed 9 August 2024)

Dividends

No ordinary dividends were paid in the year (2024: £nil). The directors do not recommend payment of a final dividend.

Disclosure of information in the strategic report

The business review, future developments, financial and other key performance indications and a discussion of the financial risk management have been included in the strategic report.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, 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 the profit or loss of the company for that period. In preparing these 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. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

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

This report was approved by the board of directors on 19 December 2025 and signed on behalf of the board by:

S E Taylor

Director

Registered office:

16-18 Warrior Square

Southend-On-Sea

Essex

England

SS1 2WS

Regis Entertainment Limited

Independent Auditor's Report to the Members of Regis Entertainment Limited

Year ended 31 March 2025

Opinion

We have audited the financial statements of Regis Entertainment Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity 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, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 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 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. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the 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 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, 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: " We obtained an understanding of the company's business, controls, legal and regulatory frameworks, laws and regulations and assessed the susceptibility of the company's financial statements to material misstatement from irregularities, including fraud, and instances of non-compliance with laws and regulations; or " We understood how the Company is complying with those frameworks by making enquiries on management, and those responsible for legal and compliance procedures. We corroborated our enquiries through our review of board minutes, papers provided by the finance department, discussion with the finance department and management, and any correspondence received from regulatory and legal bodies; and " We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by enquiring with management and the finance department, during the planning and execution phase of our audit. We considered the programs and controls that the Company has established to address risks identified, or that otherwise prevent, deter and detect fraud and how senior management monitors those programs and controls. Where the risk was considered to be higher, we we performed audit procedures to address each identified fraud risk including revenue recognition. These procedures included testing manual journals and were designed to provide reasonable assurance that the financial statements were free from fraud or error; and " Based on this understanding we designed our audit procedures to detecting irregularities, including fraud. Testing undertaken included making enquiries on the management; journal entry testing; review of bank letters and any correspondence received from regulatory bodies; reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. These procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 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 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.

Terrence Bourne

(Senior Statutory Auditor)

For and on behalf of

Moore Kingston Smith LLP

Chartered accountants & statutory auditor

10 Orange Street

London

United Kingdom

WC2H 7DQ

30 December 2025

Regis Entertainment Limited

Statement of Comprehensive Income

Year ended 31 March 2025

		2025	2024
Note		£	£
Turnover	4	8,862,176	8,692,701

Cost of sales	( 5,952,863)	( 5,541,149)
	------------	------------
Gross profit	2,909,313	3,151,552

Administrative expenses		( 2,695,958)	( 2,633,686)
		------------	------------
Operating profit	5	213,355	517,866

Waiver of related party debt	8	11,179,251	–
Interest payable and similar expenses	9	( 18,467)	( 82,462)
		-------------	------------
Profit before taxation		11,374,139	435,404

Tax on profit	10	–	( 7,026)
		-------------	---------
Profit for the financial year and total comprehensive income		11,374,139	428,378
		-------------	---------

All the activities of the company are from continuing operations.

Regis Entertainment Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	11	11,373	18,595
Tangible assets	12	7,125,653	7,572,192
		------------	------------
		7,137,026	7,590,787

Current assets

Stocks	13	78,444	83,485
Debtors	14	1,620,036	707,176
Cash at bank and in hand		193,262	212,797
		------------	------------
		1,891,742	1,003,458

Creditors: amounts falling due within one year	15	( 2,164,289)	( 13,103,905)
		------------	-------------
Net current liabilities		( 272,547)	( 12,100,447)
		------------	-------------
Total assets less current liabilities		6,864,479	( 4,509,660)
		------------	------------
Net assets/(liabilities)		6,864,479	( 4,509,660)
		------------	------------

Capital and reserves

Called up share capital	17	100	100
Profit and loss account		6,864,379	( 4,509,760)
		------------	------------
Shareholders funds/(deficit)		6,864,479	( 4,509,660)
		------------	------------

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

S E Taylor

Director

Company registration number: 05512757

Regis Entertainment Limited

Statement of Changes in Equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2023	100	( 4,938,138)	( 4,938,038)

Profit for the year		428,378	428,378
	----	------------	------------
Total comprehensive income for the year	–	428,378	428,378

At 31 March 2024	100	( 4,509,760)	( 4,509,660)

Profit for the year		11,374,139	11,374,139
	----	-------------	-------------
Total comprehensive income for the year	–	11,374,139	11,374,139

	----	-------------	-------------
At 31 March 2025	100	6,864,379	6,864,479
	----	-------------	-------------

Regis Entertainment Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16-18 Warrior Square, Southend-on-Sea, England, Essex, SS1 2WS, United Kingdom. The principal place of business address is 0-12 Thorpe Esplanade, Southend-on-Sea, SS13BG, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company generated turnover of £8.9 million during the year (2024: £8.7 million), reflecting consistent trading across all business lines. At the year end, the company had net assets of £6.9 million (2024: net liabilities of £4.5 million), representing a substantial strengthening of its balance sheet position. The company is profitable and maintains adequate financial resources. Based on current forecasts and cash flow projections, the directors have a reasonable expectation that the company has sufficient resources to continue operations for the foreseeable future, being at least 12 months from the date of approval of these financial statements. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis. Further details regarding the wider group's financial position are provided in the consolidated financial statements of Broadway Creek UK Limited.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Broadway Creek (UK) Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. Intercompany loans The directors make an assessment over the payment ability and recoverability of amounts owed to and by group undertakings based on their knowledge of the trading performance of those entities and make provision for any amount which is considered irrecoverable. The loans are repayable on demand, interest free and unsecured. Fixed assets - Depreciation The useful lives and depreciation rates of fixed assets are determined by management and adopted by the Group as a whole. Management use their knowledge and experience as well as historic and industry benchmarks for which rates are determined. For further information see the accounting policy disclosure note to these accounts.

Effective interest method

Interest income and expenses are reported on an accrual basis, using the effective interest method.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for hotelier services net of discounts and of Value Added Tax. Revenue from the sale of hotel rooms is recognised at the point of booking and deferred until the cancellation policy for a possible refund has expired.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Government grants

Government grants are recognised at the fair value of the asset received or receivable and represent grants received under the furlough scheme and hospitality grants. Grants are not recognised until there is reasonable assurance that the Company will comply with the conditions attaching to them and the grants have been received. Grant income has been recognised against the associated expense in the statement of comprehensive income.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website development	-	5 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings Freehold	-	50 year straight line and 20% reducing balance
Furniture and equipment	-	20% reducing balance
Fixtures and fittings	-	10% reducing balance
Motor vehicles	-	3 year straight line
Computer equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial assets Debtors Debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price. Debtors are subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses. Financial liabilities and equity Financial instruments are classified as liabilities and equity instruments 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. Equity instruments Financial instruments classified as equity instruments are recorded at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments. Creditors Creditors payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled. Borrowings Borrowings are initially recognised at the transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	8,862,176	8,692,701
	------------	------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Amortisation of intangible assets	14,237	11,317
Depreciation of tangible assets	679,279	755,458
Impairment of trade debtors	3,447	(1,567)
	---------	---------

6. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	143	135
Administrative staff	9	7
	----	----
	152	142
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	3,688,566	3,337,686
Social security costs	298,382	253,179
Other pension costs	102,712	90,809
	------------	------------
	4,089,660	3,681,674
	------------	------------

7. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	78,697	74,950
	--------	--------

8. Waiver of related party debt

	2025	2024
	£	£
Waiver of related party debt	11,179,251	–
	-------------	----

During the year, the wide Regis group went through a corporate reorganisation in August 2024. As a result of this, the company has recorded a waiver totalling £11,179,251 (2024: £nil) from entities that are no longer within the same group as the company but are still under common control.

9. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	18,467	82,462
	--------	--------

10. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	–	7,026
	----	-------
Tax on profit	–	7,026
	----	-------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	11,374,139	435,404
	-------------	---------
Profit on ordinary activities by rate of tax	2,843,535	108,851
Other tax adjustment to increase/(decrease) tax liability	( 2,843,535)	( 101,825)
	-------------	---------
Tax on profit	–	7,026
	-------------	---------

11. Intangible assets

	Website development
	£
Cost
At 1 April 2024	100,647
Additions	–
Additions from internal developments	7,015
	---------
At 31 March 2025	107,662
	---------
Amortisation
At 1 April 2024	82,052
Charge for the year	14,237
	---------
At 31 March 2025	96,289
	---------
Carrying amount
At 31 March 2025	11,373
	---------
At 31 March 2024	18,595
	---------

12. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Asset under construction	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	14,497,165	664,325	2,125,520	1,000	809,314	18,097,324
Additions	114,976	50,580	67,184	–	–	232,740
	-------------	---------	------------	-------	---------	-------------
At 31 Mar 2025	14,612,141	714,905	2,192,704	1,000	809,314	18,330,064
	-------------	---------	------------	-------	---------	-------------
Depreciation
At 1 Apr 2024	8,726,874	512,095	1,285,163	1,000	–	10,525,132
Charge for the year	543,557	40,562	95,160	–	–	679,279
	-------------	---------	------------	-------	---------	-------------
At 31 Mar 2025	9,270,431	552,657	1,380,323	1,000	–	11,204,411
	-------------	---------	------------	-------	---------	-------------
Carrying amount
At 31 Mar 2025	5,341,710	162,248	812,381	–	809,314	7,125,653
	-------------	---------	------------	-------	---------	-------------
At 31 Mar 2024	5,770,291	152,230	840,357	–	809,314	7,572,192
	-------------	---------	------------	-------	---------	-------------

13. Stocks

	2025	2024
	£	£
Raw materials and consumables	78,444	83,485
	--------	--------

14. Debtors

	2025	2024
	£	£
Trade debtors	883,318	518,457
Prepayments and accrued income	37,413	45,784
Other debtors	699,305	142,935
	------------	---------
	1,620,036	707,176
	------------	---------

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	2,218,750
Trade creditors	709,297	834,035
Amounts owed to group undertakings	–	9,215,414
Accruals and deferred income	219,351	235,483
Social security and other taxes	176,916	200,632
Other creditors	1,058,725	399,591
	------------	-------------
	2,164,289	13,103,905
	------------	-------------

Amounts owed to group undertakings are interest free, unsecured and repayable on demand.

16. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 102,712 (2024: £ 90,809 ).

As at the reporting date amounts owed to defined contribution plans totalled £17,778 (2024: £16,227).

17. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

The Company's ordinary shares, carry full voting rights, dividends and right to distribution on wind up.

18. Other financial commitments

As at the reporting date, the company had no capital or other commitments or contracts for capital expenditure in place (2024: £nil). Charges The company has fixed and floating charges which contains a negative pledge with Barclays Bank PLC in respect of the following properties: - 8 and 10 Clieveden Road, Southend-on-Sea, SS1 3BG - 9, 10, 11, 12 and 14 Thorpe Esplanade, Southend-on-Sea, SS1 3BG A Debenture exists with Barclays Bank PLC over all monies due or to become due from the company to the charge on any account whatsoever. This also contains a fixed and floating charges over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery .

19. Related party transactions

The company has not disclosed transactions with wholly owned members of the group in accordance with FRS 102. No other transactions were undertaken with related parties as such that are required to be disclosed under FRS 102. There was considered to be no key management personnel of the company, other than the directors.

20. Controlling party

The company is a wholly owned subsidiary of Regis Group (Barclays Two) Limited , a company incorporated in the UK with a registered office of 16-18 Warrior Square, Southend-On-Sea, Essex, United Kingdom, SS1 2WS. Broadway Creek UK Limited prepares consolidated financial statements which are available to the public from Companies House at Crown Way, Cardiff, CF14 3UZ, DX 33050, Cardiff. This is both the largest and smallest group of undertakings for which consolidated financial statements are drawn up. During the year, the wider Regis group went through a corporate reorganisation. On 9 August 2024, Broadway Creek Limited, a company incorporated in Guernsey, became the parent of Broadway Creek (UK) Limited and these became the ultimate parent of the company, replacing Regis Group (Holdings) Limited. Following the group restructure, the company is still ultimately controlled by N C Gould and P E Gould by virtue of their direct and indirect interest in the issued share capital of the ultimate parent company, Broadway Creek Limited .