REGISTERED NUMBER: 08853315 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SMART EXPERIENCES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr JG Lawson

Ms EM Sawford

REGISTERED OFFICE:

Unit 10

Deptford Trading Estate

Blackhorse Road

London

SE8 5HY

REGISTERED NUMBER:

08853315 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Westleigh Scales FCA FMAAT

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

BANKERS:

Lloyds Bank Plc

28 Secklow Gate West

Milton Keynes

MK9 3EH

CURRENT ASSETS

Debtors

5

618,864

554,809

Cash at bank

1,009

34,072

619,873

588,881

CREDITORS

Amounts falling due within one year

6

752,978

777,818

NET CURRENT LIABILITIES

(133,105

)

(188,937

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(133,105

)

(188,937

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(133,205

)

(189,037

)

SHAREHOLDERS' FUNDS

(133,105

)

(188,937

)

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 18 May 2026 and were signed on its behalf by:

Mr JG Lawson - Director

Ms EM Sawford - Director

1.	STATUTORY INFORMATION

Smart Experiences 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial forecasts prepared by the directors show that the company will be able to operate within the facilities available. On that basis the directors have prepared these financial statements on a going concern basis.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised at the date events are held. Income and deposits received for events held after the year end are included as deferred income.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Taxation

Taxation for the year 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

Creditors

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

Going concern

As explained in the report of Directors these financial statements have been prepared on the going concern basis.

As at 31 August 2025 the liabilities exceed the assets by £133,105 (2024: £188,937) and there are net current liabilities of £133,105 (2024: £188,937). The directors have provided confirmation that the group companies will provide additional support to meet any immediate cashflow requirement of the company.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

and 31 August 2025

75,000

AMORTISATION

At 1 September 2024

and 31 August 2025

75,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

614,209

545,485

Other debtors

4,655

9,324

618,864

554,809

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

743,619

632,882

Other creditors

9,359

144,936

752,978

777,818

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

The Report of the Auditors was unqualified.

Mr Westleigh Scales FCA FMAAT (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

8.	CONTINGENT LIABILITIES

The company is entered into an omnibus guarantee and set-off agreement with other group companies in respect of any debts owed to Lloyds Bank plc. The maximum liability under the guarantee is £175,000 (2024: £325,000). No provision has been recognised as the directors consider the likelihood of the guarantee being called to be remote.

9.	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.

At the year end £5,678 (2024: £5,678) was owed by The Last Supper UK Limited to Smart Experiences Limited. The Last Supper UK Limited is a 75% subsidiary of Smart (Group) Limited.

10.	ULTIMATE PARENT COMPANY

The immediate parent company is Smart (Group) Limited, incorporated in England, who were also the ultimate parent company up to 29 October 2024.

During the year the group underwent a restructuring process, therefore as of 29 October 2024 the company regards Smart Topco Limited, incorporated in England, as its ultimate parent company and controlling party.

The group accounts can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.