REGISTERED NUMBER: 01332326 (England and Wales)

MCI UK Limited

Audited Financial Statements for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J M Sleijster

Ms C L Gough

SECRETARY:

Ms L Jacobs

REGISTERED OFFICE:

Unit 24/22 South

Building 4000

Langstone Road

Havant

Hampshire

PO9 1SA

REGISTERED NUMBER:

01332326 (England and Wales)

AUDITORS:

Sheen Stickland

Chartered Accountants

Statutory Auditors

The Engine House

77 Station Road

Petersfield

Hampshire

GU32 3FQ

SOLICITORS:

Penningtons Manches Cooper LLP

31 Chertsey Street

Guildford

Surrey

GU1 4HD

FIXED ASSETS

Tangible assets

4

15,662

23,334

CURRENT ASSETS

Stocks

13,866

49,877

Debtors

5

1,878,354

1,584,477

Cash at bank and in hand

749,592

776,082

2,641,812

2,410,436

CREDITORS

Amounts falling due within one year

6

(1,933,362

)

(1,873,908

)

NET CURRENT ASSETS

708,450

536,528

TOTAL ASSETS LESS CURRENT LIABILITIES

724,112

559,862

PROVISIONS FOR LIABILITIES

(3,437

)

(4,199

)

NET ASSETS

720,675

555,663

CAPITAL AND RESERVES

Called up share capital

9

30,000

30,000

Retained earnings

10

690,675

525,663

SHAREHOLDERS' FUNDS

720,675

555,663

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th May 2026 and were signed on its behalf by:

Ms C L Gough - Director

1.	STATEMENT OF COMPLIANCE

MCI UK Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Unit 241/22 South, Building 4000, Langstone Road, Havant, Hampshire, PO9 1SA. The registration number is 01332326.

These financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

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 if Section 1A "Small Entities" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

Consolidated Financial statements

The smallest and largest group of undertakings for which consolidated financial statements are prepared is headed by MCI Group Holding SA. Copies of the consolidated financial statements are available from, Rue Du Pre-Bouvier 9, Satigny, Geneva, Switzerland.

Turnover

Turnover represents amounts receivable for event management services provided to customers in the ordinary course of business, net of value added tax and trade discounts.

Revenue from event management services is recognised when the event has been completed and the company has satisfied its performance obligations under the contract. This is the point at which control of the services is considered to have transferred to the customer.

For Professional Congress Organisation (PCO) services where the company manages an event and earns a conference management fee, third party costs are managed on behalf of clients and are not recognised in cost of sales or turnover. For other services the company retains the risk on third party costs and accordingly recognises cost of sales and turnover.

Where consideration is invoiced or received in advance of the event taking place, such amounts are recognised as contract liabilities (deferred income) within creditors and released to revenue when the related performance obligations are satisfied.

Where the company has satisfied its performance obligations but has not yet invoiced the customer at the reporting date, the amount receivable is recognised as accrued income (contract assets) within debtors. Accrued income represents the company’s right to consideration in exchange for services transferred to the customer.

The directors consider that recognition of revenue at the point of completion of the event most faithfully represents the transfer of services to the customer in accordance with Section 23 of FRS 102.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

12.5% on cost

Computer equipment

-

33% on cost

Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate.The useful lives of these assets are estimated based on historic experience and future considerations and these are re-assessed annually.

Any gain or loss arising on the disposal of an asset is determined by the difference between sale proceeds and carrying value of the asset, and is credited or charged to the profit or loss.

Work in progress

Inventories consist of work in progress on events that have not yet occurred. Revenue is recognised when the performance obligation has been met, at the end of each event. Costs incurred in the preparation of the event are included in work in progress at cost. Payments on account are shown as a liability within creditors. Full provision is made for foreseeable losses.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents

These comprise cash at bank and other short term liquid investments.

Debtors

Short term debtors are stated at their nominal value. Loans receivable are measured initially at their nominal value and are measured subsequently at amortised cost using the effective interest method. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and loss account when there is objective evidence that the asset is impaired.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension contributions

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 34 (2024 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st January 2025

3,528

36,846

101,810

142,184

Disposals

(3,528

)

-

-

(3,528

)

At 31st December 2025

-

36,846

101,810

138,656

DEPRECIATION

At 1st January 2025

3,528

18,378

96,944

118,850

Charge for year

-

4,545

3,127

7,672

Eliminated on disposal

(3,528

)

-

-

(3,528

)

At 31st December 2025

-

22,923

100,071

122,994

NET BOOK VALUE

At 31st December 2025

-

13,923

1,739

15,662

At 31st December 2024

-

18,468

4,866

23,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

861,034

772,686

Amounts owed by group undertakings

136,016

-

Other debtors

13,800

8,772

Prepayments and accrued income

685,677

627,020

Accrued income

181,827

175,999

1,878,354

1,584,477

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

361,872

554,213

Tax

24,311

22,423

Social security and other taxes

61,796

41,654

VAT

23,674

65,378

Other creditors

319,284

46,945

Accruals and deferred income

1,142,425

1,143,295

1,933,362

1,873,908

Included in other creditors is a pension liability balance of £19,186 (2024: £15,414).

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

225,419

76,731

Between one and five years

54,750

12,419

280,169

89,150

8.	SECURED DEBTS

A debenture agreement with NatWest Bank PLC was established in prior years, creating fixed and floating charges over the company’s assets as security in the event that liabilities to NatWest Bank PLC are not paid when due.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

30,000

Ordinary

1

30,000

30,000

10.

RESERVES

Retained

earnings

£

At 1st January 2025

525,663

Profit for the year

165,012

At 31st December 2025

690,675

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

The Report of the Auditors was unqualified.

David Sanders BA (Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Sheen Stickland

12.	RELATED PARTY DISCLOSURES

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.

13.	NON ADJUSTING POST BALANCE SHEET EVENTS

On 8th May 2026 a dividend amounting to £136,015 in total was declared and approved at the company's annual general meeting.

14.	ULTIMATE CONTROLLING PARTY

The company’s ultimate controlling parent company and controlling party is MCI Group Holding SA a private company incorporated in Switzerland, located at Rue Du Pre-Bouvier 9, Satigny, Geneva, Switzerland.