For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Pound Sterling (£), which is the company’s functional and presentational currency. All amounts have been rounded to the nearest pound.

Turnover represents the fair value of the consideration received or receivable for the provision of venue hire and related services in the ordinary course of the company’s activities. Turnover is stated net of value added tax, returns, rebates, and discounts.

The company receives deposit payments from customers in advance of events. Deposits received before the event date are recognised as deferred income within creditors, as the company has an obligation to provide services at a future date.

Revenue is recognised when the event occurs and the company has fulfilled its contractual obligations. At this point, the related deposit and any remaining balance are recognised as turnover.

Revenue is recognised only when the following conditions are met:

- The amount of revenue can be measured reliably
- It is probable that economic benefits will flow to the company
- The company has provided the venue hire or related services for the event

Tax on profit for the year represents the corporation tax payable based on the taxable profit for the period. Taxable profit differs from the profit reported in the financial statements because certain items of income and expenditure are taxable or deductible in different periods, and some items are never taxable or deductible.

The company’s corporation tax liability is calculated using tax rates and legislation that have been enacted or substantively enacted by the balance sheet date.

As there are no timing differences giving rise to deferred tax, no deferred tax asset or liability has been recognised.

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable.

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.