REGISTERED NUMBER: 10051943 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Night Fright Promotions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P N Walker

C R Walker

REGISTERED OFFICE:

2 Pavilion Court

600 Pavilion Drive

Northampton

NN4 7SL

REGISTERED NUMBER:

10051943 (England and Wales)

AUDITORS:

Harris & Co (Accountants) Ltd, Statutory Auditor

2 Pavilion Court

600 Pavilion Drive

Northampton

NN4 7SL

FIXED ASSETS

Tangible assets

4

2,789,153

2,737,481

CURRENT ASSETS

Stocks

2,200

2,200

Debtors

5

-

60,656

Cash at bank

72,558

14,029

74,758

76,885

CREDITORS

Amounts falling due within one year

6

2,311,856

2,183,043

NET CURRENT LIABILITIES

(2,237,098

)

(2,106,158

)

TOTAL ASSETS LESS CURRENT LIABILITIES

552,055

631,323

CREDITORS

Amounts falling due after more than one year

7

(537,119

)

(548,399

)

PROVISIONS FOR LIABILITIES

(697,767

)

(684,151

)

NET LIABILITIES

(682,831

)

(601,227

)

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

(732,831

)

(651,227

)

(682,831

)

(601,227

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2026 and were signed on its behalf by:

P N Walker - Director

1.	STATUTORY INFORMATION

Night Fright Promotions 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 Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

When preparing the financial statements, management is required to make estimates and assumptions which affect assets. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Asset under construction

Included within plant and machinery in fixed assets is an asset under construction. As the asset is still being built, there are estimation uncertainties in relation to the future costs to complete and the final value of the asset. The asset is included in the financial statements at the cost incurred to date.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles - 25% Straight line

Computer Equipment- 20% Straight Line

Asset under construction included in plant and machinery - To be depreciated upon completion

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.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Investments in non-derivative instruments that are equity to the issuer are measured:

o at fair value with changes recognised in the Income Statement if the shares are publicly traded or their fair value can otherwise be measured reliably;

o at cost less impairment for all other investments.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Taxation

The tax expense for the year comprises current and deferred tax. 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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:

o 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

o 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Going concern

At the year end the Company owed a balance of £1,807,764 (2024: £1,709,816) to its parent undertaking. The Company has obtained support from its parent undertaking who have confirmed that they will not recall debts until cashflows permit and will provide any necessary financial support to meet debts as they fall due. On this basis the directors consider the Company to be a going concern and has the necessary financial support to meet its debts as they fall due for at least 12 months from the signing of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

2,742,026

Additions

53,586

At 31 August 2025

2,795,612

DEPRECIATION

At 1 September 2024

4,545

Charge for year

1,914

At 31 August 2025

6,459

NET BOOK VALUE

At 31 August 2025

2,789,153

At 31 August 2024

2,737,481

Included within plant and machinery is an historical war plane which is being restored back to working condition. Its fair value cannot be reliably measured at the stage but the directors have obtained an independent valuation from a company who specialises in the restoration and operation of historic aircraft. The carrying value of the aircraft is at accumulated cost and is lower than the valuation. No depreciation has been charge on the aircraft as it has not yet been brought into use.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

60,656

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

108,246

108,246

Trade creditors

5,010

191,240

Amounts owed to group undertakings

2,182,769

1,877,660

Taxation and social security

768

-

Other creditors

15,063

5,897

2,311,856

2,183,043

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

537,119

548,399

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank Loan

645,367

656,644

There is a fixed floating charge over all assets by way of a debenture dated 4 March 2019 in respect of HSBC Bank Plc. This contains both fixed and floating charges which cover al the property or undertaking of the company. The bank loan is also guaranteed by the company's parent company, Walker Logistics (Holdings) Limited and Walker Logistics Limited.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillip J Harris BA (Hons) FCA BFP (Senior Statutory Auditor)

for and on behalf of Harris & Co (Accountants) Ltd, Statutory Auditor

10.	CONTINGENT LIABILITIES

A contingent liability exists in the form of a composite company unlimited multilateral guarantee to HSBC across the group to which this company belongs and relates to Walker Logistics (Holdings) Limited, Walker Logistics Limited and Night Fright Promotions Limited.

11.	ULTIMATE CONTROLLING PARTY

The Company's parent undertaking is Walker Logistics (Holdings) Limited whose registered office is 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL. Copies of consolidated group accounts can be obtained from the Companies House website.

12.	GOING CONCERN

The parent company has confirmed that it will provide financial support to the company for at least 12 months from the date of approval of the financial statements.