Caseware UK (AP4) 2025.0.111 2025.0.111 2025-03-31 2025-03-31 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.2024-04-01 false The principal activity of the company continued to be that of development and management of corporate and ticketed live music event venues.19 15 true true false 10884920 2024-04-01 2025-03-31 10884920 2023-04-01 2024-03-31 10884920 2025-03-31 10884920 2024-03-31 10884920 1 2024-04-01 2025-03-31 10884920 d:Director2 2024-04-01 2025-03-31 10884920 c:Buildings c:ShortLeaseholdAssets 2024-04-01 2025-03-31 10884920 c:Buildings c:ShortLeaseholdAssets 2025-03-31 10884920 c:Buildings c:ShortLeaseholdAssets 2024-03-31 10884920 c:PlantMachinery 2024-04-01 2025-03-31 10884920 c:PlantMachinery 2025-03-31 10884920 c:PlantMachinery 2024-03-31 10884920 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10884920 c:ComputerEquipment 2024-04-01 2025-03-31 10884920 c:ComputerEquipment 2025-03-31 10884920 c:ComputerEquipment 2024-03-31 10884920 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10884920 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10884920 c:CurrentFinancialInstruments 2025-03-31 10884920 c:CurrentFinancialInstruments 2024-03-31 10884920 c:Non-currentFinancialInstruments 2025-03-31 10884920 c:Non-currentFinancialInstruments 2024-03-31 10884920 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 10884920 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 10884920 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 10884920 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 10884920 c:ShareCapital 2025-03-31 10884920 c:ShareCapital 2024-03-31 10884920 c:RetainedEarningsAccumulatedLosses 2025-03-31 10884920 c:RetainedEarningsAccumulatedLosses 2024-03-31 10884920 c:AcceleratedTaxDepreciationDeferredTax 2025-03-31 10884920 c:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10884920 c:TaxLossesCarry-forwardsDeferredTax 2025-03-31 10884920 c:TaxLossesCarry-forwardsDeferredTax 2024-03-31 10884920 d:OrdinaryShareClass1 2024-04-01 2025-03-31 10884920 d:OrdinaryShareClass1 2025-03-31 10884920 d:FRS102 2024-04-01 2025-03-31 10884920 d:Audited 2024-04-01 2025-03-31 10884920 d:FullAccounts 2024-04-01 2025-03-31 10884920 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10884920 c:WithinOneYear 2025-03-31 10884920 c:WithinOneYear 2024-03-31 10884920 c:BetweenOneFiveYears 2025-03-31 10884920 c:BetweenOneFiveYears 2024-03-31 10884920 c:MoreThanFiveYears 2025-03-31 10884920 c:MoreThanFiveYears 2024-03-31 10884920 d:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10884920 2 2024-04-01 2025-03-31 10884920 6 2024-04-01 2025-03-31 10884920 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10884920 BROADWICK VENUES LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BROADWICK VENUES LIMITED
CONTENTS
| Page
Statement of Financial Position | 1
Notes to the Financial Statements | 2 - 8
BROADWICK VENUES LIMITED REGISTERED NUMBER:10884920
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,776,000 |  | 1,611,155
Investments | 5 |  | 366,726 |  | 366,726
|  |  | 2,142,726 |  | 1,977,881
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 7,273,142 |  | 7,275,372 |
Cash at bank and in hand |  | 923,975 |  | 1,489,444 |
|  | 8,197,117 |  | 8,764,816 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 7 | (11,148,853) |  | (11,241,422) |
Net current liabilities |  |  | (2,951,736) |  | (2,476,606)
Creditors: amounts falling due after more than one year | 8 |  | - |  | (500,000)
Net liabilities |  |  | (809,010) |  | (998,725)
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 100 |  | 100
Profit and loss account |  |  | (809,110) |  | (998,825)
|  |  | (809,010) |  | (998,725)
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 4 February 2026.
S J Tracey
Director
The notes on pages 2 to 8 form part of these financial statements. Page 1
BROADWICK VENUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Broadwick Venues Limited is a private limited liability company registered in England and Wales. Its registered office and business address is Acre House, 11-15 William Road, London, NW1 3ER. The principal activity of the company continued to be that of development and management of corporate and ticketed live music event venues. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
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:
| 2.2 | Exemption from preparing consolidated financial statements
The company is a parent company that is also a subsidiary included in the consolidated financial statements of its immediate parent undertaking registered in England and Wales and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
| 2.3 | Going concern
At the reporting date the company had net current liabilities and net liabilities. The group that the company is a part of was profitable in the year and the ultimate parent undertaking continues to receive financial support from its investors, has strong cash reserves and expects its profitability to continue. The directors have obtained assurance from the ultimate parent undertaking that funds will continue to be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under the going concern basis.
| 2.4 | Turnover
Turnover comprises revenue recognised by the company in respect of the hiring out of live music and corporate venues, event management fees and production fees. Revenue is recognised when the events take place and it is probable that economic benefits will flow to the company. It is exclusive of Value Added Tax and trade discounts.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method. Page 2
BROADWICK VENUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Pensions
The company is a member of a Group who's parent undertaking contributes to a defined contribution plan for the Group's employees. The company reimburses the parent undertaking for the pension costs of its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations. The contributions are recognised as an expense in the Statement of comprehensive income when they fall due to the parent undertaking. The assets of the plan are held separately from the Group in independently administered funds.
| 2.8 | Current and deferred taxation
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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Page 3
BROADWICK VENUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:
|  |  |  | Leasehold improvements | - | Over the term of the lease
|  |  |  | Plant and machinery | - | 10 year straight line
|  |  |  | Computer equipment | - | 4 year straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.11 | Basic financial instruments
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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 19 (2024 - 15).
Page 4
BROADWICK VENUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Leasehold improvements | Plant and machinery | Computer equipment | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 April 2024 | 1,890,965 | 552,682 | 23,306 | 2,466,953
| Additions | 318,910 | 180,420 | - | 499,330
| At 31 March 2025 | 2,209,875 | 733,102 | 23,306 | 2,966,283
| Depreciation |  |  |  |
| At 1 April 2024 | 610,173 | 237,003 | 8,622 | 855,798
| Charge for the year on owned assets | 273,810 | 54,849 | 5,826 | 334,485
| At 31 March 2025 | 883,983 | 291,852 | 14,448 | 1,190,283
| Net book value |  |  |  |
| At 31 March 2025 | 1,325,892 | 441,250 | 8,858 | 1,776,000
| At 31 March 2024 | 1,280,792 | 315,679 | 14,684 | 1,611,155
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 April 2024 | 366,726
| At 31 March 2025 | 366,726
Page 5
BROADWICK VENUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,188,796 | 1,749,974
| Amounts owed by group undertakings | 4,518,150 | 3,822,084
| Other debtors | 613,926 | 866,031
| Prepayments and accrued income | 882,326 | 626,088
| Deferred taxation | 69,944 | 211,195
|  | 7,273,142 | 7,275,372
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 247,437 | 1,183,434
| Amounts owed to group undertakings | 7,897,355 | 6,867,610
| Other taxation and social security | 143,234 | 62,952
| Other creditors | 741,863 | 843,790
| Accruals and deferred income | 2,118,964 | 2,283,636
|  | 11,148,853 | 11,241,422
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | - | 500,000
9. | Deferred taxation
|  | 2025
|  | £
| Deferred tax asset |
| At beginning of year | 211,195
| Charged to profit or loss | (141,251)
| At end of year | 69,944
Page 6
BROADWICK VENUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 9.Deferred taxation (continued)
| The deferred tax asset is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 23,831 | (82,591)
| Tax losses carried forward | 46,113 | 293,786
|  | 69,944 | 211,195
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 Ordinary shares of £1 each | 100 | 100
11. | Contingent liabilities
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 Group. 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 Group provided a guarantee for this liability by way of a fixed and floating charge over the assets of the Group.
12. | Commitments under operating leases
| At 31 March 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 1,384,218 | 1,334,218
| Later than 1 year and not later than 5 years | 5,309,597 | 5,367,709
| Later than 5 years | 3,745,000 | 4,792,047
|  | 10,438,815 | 11,493,974
| In addition, the company has contingent rent arrangements in place with some landlords which are dependent on the level of profit generated at each site.
Page 7
BROADWICK VENUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. | Post balance sheet events
On 2 October 2025 Broadwick Group Limited, the ultimate parent undertaking, obtained new growth finance in the form of a £12M revolving credit facility from a bank. The facility has been secured by way of a fixed and floating charge over the assets of the group.
14. | Parent undertaking
The immediate and ultimate parent undertaking of the company 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.
15. | Auditors' information
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified. The audit report was signed on 4 February 2026 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
Page 8