Britannia Corporate Events Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03561663 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Britannia Corporate Events Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Byham

C D W Williams

REGISTERED OFFICE:

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

REGISTERED NUMBER:

03561663 (England and Wales)

ACCOUNTANTS:

Roches

Chartered Accountants

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

538,887

569,212

Investments

6

192,061

192,361

730,948

761,573

CURRENT ASSETS

Debtors

7

99,779

73,484

Cash in hand

82

99,861

73,566

CREDITORS

Amounts falling due within one year

8

489,588

311,321

NET CURRENT LIABILITIES

(389,727

)

(237,755

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

341,221

523,818

CREDITORS

Amounts falling due after more than one
year

9

-

(186,891

)

PROVISIONS FOR LIABILITIES

(134,722

)

(142,321

)

NET ASSETS

206,499

194,606

CAPITAL AND RESERVES

Called up share capital

200

Share premium

99,950

Retained earnings

106,349

94,456

SHAREHOLDERS' FUNDS

206,499

194,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 24 April 2026 and were signed on its behalf by:

A M Byham - Director

1.	STATUTORY INFORMATION

Britannia Corporate Events 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

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.

Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Short leasehold

-

Over the term of the lease

Plant and machinery

-

20% on cost, 15% on reducing balance, 5% on cost, Straight line over 7 years and Straight line over 10 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance and 25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

15,000

AMORTISATION

At 1 October 2024

and 30 September 2025

15,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2024

4,508

903,547

908,055

Additions

-

7,375

Disposals

-

(571

)

(571

)

At 30 September 2025

4,508

910,351

914,859

DEPRECIATION

At 1 October 2024

4,508

334,335

338,843

Charge for year

-

37,697

Eliminated on disposal

-

(568

)

(568

)

At 30 September 2025

4,508

371,464

375,972

NET BOOK VALUE

At 30 September 2025

-

538,887

At 30 September 2024

-

569,212

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

192,361

Disposals

(300

)

At 30 September 2025

192,061

NET BOOK VALUE

At 30 September 2025

192,061

At 30 September 2024

192,361

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

77

5,720

Amounts owed by group undertakings

1,600

15,900

Amounts owed by associates

-

453

Other debtors

98,102

51,411

99,779

73,484

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Bank loans and overdrafts

249,341

68,097

Trade creditors

37,582

85,563

Taxation and social security

62,311

61,600

Other creditors

140,354

96,061

489,588

311,321

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

Bank loans

-

186,891

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

Bank overdrafts

62,449

20,451

Bank loans

-

234,537

62,449

254,988

Marine mortgages, which have been taken out to finance the cost of purchasing sailing vessels, which are secured against the sailing vessels themselves.

The company's bankers have a fixed & floating charge over the undertaking and all the property and assets, in respect of all monies due or to become due from the company.