REGISTERED NUMBER: 04030140 (England and Wales)

Pure Event Management & Hospitality Ltd

Audited Financial Statements

for the Period 1st December 2024 to 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms C L Gough

SECRETARY:

Mrs L Jacobs

REGISTERED OFFICE:

60 Petty France

London

SW1H 9EU

REGISTERED NUMBER:

04030140 (England and Wales)

AUDITORS:

Sheen Stickland

Chartered Accountants

Statutory Auditors

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Tangible assets

4

3,566

9,372

CURRENT ASSETS

Stocks

243,652

332,770

Debtors

5

324,270

726,170

Cash at bank and in hand

1,741,027

1,021,136

2,308,949

2,080,076

CREDITORS

Amounts falling due within one year

6

(1,754,057

)

(1,530,534

)

NET CURRENT ASSETS

554,892

549,542

TOTAL ASSETS LESS CURRENT LIABILITIES

558,458

558,914

PROVISIONS FOR LIABILITIES

(892

)

-

NET ASSETS

557,566

558,914

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

557,466

558,814

SHAREHOLDERS' FUNDS

557,566

558,914

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 director and authorised for issue on 7th May 2026 and were signed by:

Ms C L Gough - Director

1.	STATEMENT OF COMPLIANCE

Pure Event Management & Hospitality Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 60 Petty France, London, SW1H 9EU. The registration number is 04030140.

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.

The financial statements cover the 13-month period from 1 December 2024 to 31 December 2025.

Comparative figures are presented for the 12-month period from 1 December 2023 to 30 November 2024.

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.

Changes in accounting policies

During the year, the company changed its revenue recognition policy in respect of event management services.

Previously, revenue was recognised by reference to the stage of completion of the contract.The stage of completion of a contract was measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

The directors consider that the revised policy provides more reliable and relevant information as it better reflects the completion of the company’s performance obligations.

The change has been applied retrospectively in accordance with FRS 102 Section 1A and comparative figures for the year ended 30 November 2024 have been restated accordingly.

Comparative figures have been restated to reflect the new policy.

The effect of the change was to decrease profit for the year ended 30 November 2024 by £301,852. As a result, retained earnings as at 1 December 2024 were reduced to £558,814, as disclosed in the reserves note.

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.

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 etc

-

33% on cost and 20% 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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 costs and other post-retirement benefits

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 period was 12 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2024

56,388

Additions

3,280

Disposals

(39,894

)

At 31st December 2025

19,774

DEPRECIATION

At 1st December 2024

47,016

Charge for period

5,643

Eliminated on disposal

(36,451

)

At 31st December 2025

16,208

NET BOOK VALUE

At 31st December 2025

3,566

At 30th November 2024

9,372

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

261,397

633,110

Other debtors

62,873

93,060

324,270

726,170

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

-

15,050

Trade creditors

127,977

194,365

Taxation and social security

331,450

231,530

Other creditors

1,294,630

1,089,589

1,754,057

1,530,534

7.	LEASING AGREEMENTS

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

2025

2024

as restated

£

£

Within one year

-

9,702

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

10,000

Ordinary

0.01

100

100

9.

RESERVES

Retained

earnings

£

At 1st December 2024

860,666

Prior year adjustment

(301,852

)

558,814

Profit for the period

413,002

Dividends

(414,350

)

At 31st December 2025

557,466

10.	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

11.	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.

During the year a director received remuneration of £70,890 (2024: £113,683) and dividends of £56,850 (2024: £137,200).

12.	ULTIMATE CONTROLLING PARTY

During the year, the issued share capital of the company was acquired by MCI Group UK Limited registered office address Unit 24/22 South, Building 4000, Langstone Park, Langstone Road, Havant, PO9 1SA company number 01988044 . As a result, 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.