Champions Holdings Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 15622152

Champions Holdings Limited

Consolidated Financial Statements

For the year ended

30 September 2025

Champions Holdings Limited

Consolidated Financial Statements

Year ended 30 September 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	4

Independent auditor's report to the members	6

Consolidated statement of comprehensive income	11

Consolidated statement of financial position	12

Company statement of financial position	14

Consolidated statement of changes in equity	15

Company statement of changes in equity	16

Consolidated statement of cash flows	17

Notes to the consolidated financial statements	19

Champions Holdings Limited

Officers and Professional Advisers

The board of directors	M J Hayes
	R J Farthing
	S R Reed
	L J Mason-Hayes
	J J Hayes

Registered office	Barrington House
	Leake Road
	Costock
	Loughborough
	Leicestershire
	England
	LE12 6XA

Auditor	Streets Audit LLP
	Chartered accountants & statutory auditor
	Enterprise House
	38 Tyndall Court
	Commerce Road
	Lynch Wood
	Peterborough
	Cambridgeshire
	PE2 6LR

Champions Holdings Limited

Strategic Report

Year ended 30 September 2025

Introduction The Directors present their strategic report for Champions Holdings Limited for the year ended 30 September 2025. The principal activity of the Group during the year was that of business consultancy and marketing services combined with our ever growing Keynote Speaking, Celebrity, Music and Entertainment and Influencer departments . Business review During the year the board and senior management team continued to focus their efforts on driving controlled, profitable growth across all segments of the Group's activities, as client activity and demand once again remained buoyant and presented ongoing opportunities for the wider business. Because of this clear strategy and careful management, the board are pleased to report that, once again the Group grew and delivered a turnover of £30.3m (2024 £31.5m) at a decreased gross profit margin of 28.4% (2024 28.3% ) and thereby generated an operating profit of £2.2m (2024 £3.0m) and a profit before tax of £4.7m (2024 £3.6m) during the year. Allied to this, cash balances increasing year on year, to £6m, which again reflects the discipline of prudent working capital management and a clear philosophy of retaining significant liquidity within the business. Future Developments The Group is currently continuing to experience steadily increased demand for its service offerings, as the event and talent management divisions fully return to normal, following the uncontrollable disruption of recent years and clients continue to seek support and advice to develop their own marketing and brand strategies, across a broad range of different channels. The business has continued to invest in people, technology and resource to capitalise on this increasing demand and to ensure that it always remains focused on client service and delivery. The breadth and diversity of service offering that the Group can provide, via its various specialist divisions, means that it is well placed to support its clients as their needs grow and evolve. Accordingly, the board are cautiously optimistic about the prospects of the business and are committed to continuing to strategically invest and commit resource to generate sustainable and profitable growth in its core markets. S172 statement During the year ended 30 September 2025 the Board considers that as individuals and collectively it has acted in a way it considers, in good faith is most likely to promote the success of the Group for the benefit of its members as a whole, by having regard, among other matters to the: - Likely long term consequences of any decisions - Interests of the Group's employees - Need to foster the Group's relationships with its clients, suppliers and other business partners- Impact of the Group's operations on the community and environment - Importance of the Group maintaining its reputation for high standards of business conduct and behaviour- Need to act fairly The board considers the interests of a range of stakeholders impacted by the businesses activities and recognises that strong stakeholder engagement underpins its ability to achieve its strategic goals and to be successful. Key stakeholder relationships are regularly reviewed and assessed to see if they can be improved or enhanced, having regard to the relevance of each relationship and with the overarching aim of delivering consistent policy and decision making, such that management of the business and strategy is clear and understandable and guided by the long term strategic goals of the organisation. Principal risks and uncertainties The board will continue to be prudent in its management policy, asset and cash retention and overall strategies and will maintain the rigour and discipline referred to above, which will substantially mitigate the risks the group faces. Financial key performance indicators The board approves an annual budget for the following year and monitors performance on a monthly basis, both against that budget and a comparison to the prior year. Management accounts are prepared on a monthly basis and these include a detailed profit and loss account, analysed by activity, cashflow statement, balance sheet and appropriate key performance indicators, which include: - Turnover by service line - Operating profit margin - Staff costs and head count - Cash generation and net current assets as a measure of liquidity

This report was approved by the board of directors on 25 June 2026 and signed on behalf of the board by:

M J Hayes

Director

Registered office:

Barrington House

Leake Road

Costock

Loughborough

Leicestershire

England

LE12 6XA

Champions Holdings Limited

Directors' Report

Year ended 30 September 2025

The directors present their report and the Consolidated financial statements of the group for the year ended 30 September 2025 .

Directors

The directors who served the company during the year were as follows:

M J Hayes
R J Farthing
S R Reed
L J Mason-Hayes
J J Hayes

Dividends

Particulars of dividends paid are detailed in note 14 to the financial statements.

Disclosure of information in the strategic report

The company has chosen to set out in the strategic report information about the future developments of the company and the financial instruments.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the Consolidated financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare Consolidated financial statements for each financial year. Under that law the directors have elected to prepare the Consolidated financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the Consolidated financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these Consolidated financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the Consolidated financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the Consolidated financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 25 June 2026 and signed on behalf of the board by:

M J Hayes

Director

Registered office:

Barrington House

Leake Road

Costock

Loughborough

Leicestershire

England

LE12 6XA

Champions Holdings Limited

Independent Auditor's Report to the Members of Champions Holdings Limited

Year ended 30 September 2025

Opinion

We have audited the Consolidated financial statements of Champions Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the Consolidated financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 30 September 2025 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the consolidated financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the Consolidated financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the Consolidated financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the Consolidated financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the Consolidated financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the Consolidated financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the Consolidated financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the Consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Consolidated financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the Consolidated financial statements are prepared is consistent with the Consolidated financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company Consolidated financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the Consolidated financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of Consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the Consolidated financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the Consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company and sector in which it operates; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 1 were indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the Consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the Consolidated financial statements, including the disclosures, and whether the Consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated Consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Day

(Senior Statutory Auditor)

For and on behalf of

Streets Audit LLP

Chartered accountants & statutory auditor

Enterprise House

38 Tyndall Court

Commerce Road

Lynch Wood

Peterborough

Cambridgeshire

PE2 6LR

26 June 2026

Champions Holdings Limited

Consolidated Statement of Comprehensive Income

Year ended 30 September 2025

		2025	2024
Note		£000	£000
Turnover	4	30,263	31,456

Cost of sales	21,662	22,533
	--------	--------
Gross profit	8,601	8,923

Administrative expenses		6,425	5,932
Other operating income	5	36	25
		-------	-------
Operating profit	6	2,212	3,016

Gain on financial assets at fair value through profit or loss		10	–
Income from other current asset investments	10	177	198
Gain/loss on current asset investments	11	2,342	444
Interest payable and similar expenses	12	87	66
		-------	-------
Profit before taxation		4,654	3,592

Tax on profit	13	960	774
		-------	-------
Profit for the financial year		3,694	2,818
		-------	-------

Defined benefit scheme asset not recognised	( 807)	( 1,425)
Actuarial gains on defined benefit	113	–
	----	-------
Other comprehensive income for the year	( 694)	( 1,425)
	-------	-------
Total comprehensive income for the year	3,000	1,393
	-------	-------

All the activities of the group are from continuing operations.

Champions Holdings Limited

Consolidated Statement of Financial Position

30 September 2025

	2025	2024
Note	£000	£000

Fixed assets

Intangible assets	15	6,719	8,241
Tangible assets	16	250	2,161
Investments	17	1,318	675
		-------	--------
		8,287	11,077

Current assets

Stocks	18	554	511
Debtors	19	5,404	6,497
Investments	20	4,596	3,003
Cash at bank and in hand		5,958	5,931
		--------	--------
		16,512	15,942

Creditors: amounts falling due within one year	21	7,802		10,067
		--------		--------
Net current assets			8,710	5,875
			--------	--------
Total assets less current liabilities			16,997	16,952

Creditors: amounts falling due after more than one year	22		354	469

Provisions

Taxation including deferred tax	23	6	–
		--------	--------
Net assets excluding defined benefit pension plan liability		16,637	16,483

Defined benefit pension plan asset	25	–	( 1)
		--------	--------
Net assets including defined benefit pension plan liability		16,637	16,482
		--------	--------

Capital and reserves

Called up share capital	27	8,175	10,965
Merger reserve	28	2,042	2,042
Capital redemption reserve	28	2,660	2,660
Profit and loss account	28	3,760	815
		--------	--------
Shareholders funds		16,637	16,482
		--------	--------

These Consolidated financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

Champions Holdings Limited

Consolidated Statement of Financial Position (continued)

30 September 2025

These Consolidated financial statements were approved by the board of directors and authorised for issue on 25 June 2026 , and are signed on behalf of the board by:

M J Hayes

Director

Company registration number: 15622152

Champions Holdings Limited

Company Statement of Financial Position

30 September 2025

	2025	2024
Note	£000	£000

Fixed assets

Tangible assets	16	131	–
Investments	17	21,318	11,414
		--------	--------
		21,449	11,414

Current assets

Stocks	18	554	–
Debtors	19	42	–
Investments	20	4,596	–
Cash at bank and in hand		2,890	–
		-------	----
		8,082	–

Creditors: amounts falling due within one year	21	6,417		449
		-------		----
Net current assets/(liabilities)			1,665	( 449)
			--------	--------
Total assets less current liabilities			23,114	10,965

Provisions

Taxation including deferred tax	23	6	–
		--------	--------
Net assets		23,108	10,965
		--------	--------

Capital and reserves

Called up share capital	27	8,175	10,965
Capital redemption reserve	28	450	450
Profit and loss account	28	14,483	( 450)
		--------	--------
Shareholders funds		23,108	10,965
		--------	--------

The profit for the financial year of the parent company was £ 14,988,000 (2024: £Nil).

These Consolidated financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These Consolidated financial statements were approved by the board of directors and authorised for issue on 25 June 2026 , and are signed on behalf of the board by:

M J Hayes

Director

Company registration number: 15622152

Champions Holdings Limited

Consolidated Statement of Changes in Equity

Year ended 30 September 2025

			Called up share capital	Merger reserve	Capital redemption reserve	Profit and loss account	Total
			£000	£000	£000	£000	£000
At 1 October 2023			4,806	10,000	2,210	77	17,093

Profit for the year						2,818	2,818
Other comprehensive income for the year:
	Defined benefit scheme asset not recognised		–	–	–	( 1,425)	(1,425)
			-------	--------	-------	-------	--------
Total comprehensive income for the year			–	–	–	1,393	1,393

Issue of shares			6,610	( 7,958)	–	–	( 1,348)
Dividends paid and payable		14	–	–	–	( 205)	( 205)
Cancellation of subscribed capital			( 1)	–	–	–	( 1)
Redemption of shares			( 450)	–	450	( 450)	( 450)
			-------	--------	-------	-------	--------
Total investments by and distributions to owners			6,159	( 7,958)	450	( 655)	( 2,004)

At 30 September 2024			10,965	2,042	2,660	815	16,482

Profit for the year						3,694	3,694
Other comprehensive income for the year:
	Defined benefit scheme asset not recognised		–	–	–	( 807)	(807)
	Actuarial gains on defined benefit		–	–	–	113	113
			--------	--------	-------	-------	--------
Total comprehensive income for the year			–	–	–	3,000	3,000

Dividends paid and payable		14	–	–	–	( 55)	( 55)
Redemption of shares			( 2,790)	–	–	–	( 2,790)
			-------	----	----	----	-------
Total investments by and distributions to owners			( 2,790)	–	–	( 55)	( 2,845)

			-------	-------	-------	-------	--------
At 30 September 2025			8,175	2,042	2,660	3,760	16,637
			-------	-------	-------	-------	--------

Champions Holdings Limited

Company Statement of Changes in Equity

Year ended 30 September 2025

		Called up share capital	Capital redemption reserve	Profit and loss account	Total
		£000	£000	£000	£000
At 1 October 2023		–	–	–	–

Profit for the year				–	–

Issue of shares		11,415	–	–	11,415
Redemption of shares		( 450)	450	( 450)	( 450)
		--------	----	----	--------
Total investments by and distributions to owners		10,965	450	( 450)	10,965

At 30 September 2024		10,965	450	( 450)	10,965

Profit for the year				14,988	14,988
		--------	----	--------	--------
Total comprehensive income for the year		–	–	14,988	14,988

Dividends paid and payable	14	–	–	( 55)	( 55)
Redemption of shares		( 2,790)	–	–	( 2,790)
		-------	----	----	-------
Total investments by and distributions to owners		( 2,790)	–	( 55)	( 2,845)

		-------	----	--------	--------
At 30 September 2025		8,175	450	14,483	23,108
		-------	----	--------	--------

Champions Holdings Limited

Consolidated Statement of Cash Flows

Year ended 30 September 2025

	2025	2024
	£000	£000

Cash flows from operating activities

Profit for the financial year	3,694	2,818

Adjustments for:
Depreciation of tangible assets	135	159
Amortisation of intangible assets	1,522	1,521
Government grant income	( 8)	( 8)
Gain on financial assets at fair value through profit or loss	(10)	–
Income from other current asset investments	( 177)	( 198)
Gain/loss on current asset investments	( 2,342)	( 444)
Interest payable and similar expenses	87	66
Loss on disposal of tangible assets	200	–
Loss on disposal of intangible assets	69	–
Defined benefit pension plan employer contributions	( 2,804)	( 1,425)
Tax on profit	960	774
Accrued (income)/expenses	( 912)	728

Changes in:
Stocks	( 43)	( 33)
Trade and other debtors	1,093	( 348)
Trade and other creditors	( 1,302)	397
	-------	-------
Cash generated from operations	162	4,007

Interest paid	( 87)	( 66)
Gain or loss on current asset investment	2,342	444
Tax paid	( 1,094)	( 1,100)
	-------	-------
Net cash from operating activities	1,323	3,285
	-------	-------

Cash flows from investing activities

Purchase of tangible assets	( 264)	( 78)
Proceeds from sale of tangible assets	1,840	–
Proceeds from sale of intangible assets	( 69)	–
Purchases of other investments	( 786)	( 670)
Proceeds from sale of other investments	675	–
Dividends received	177	198
	-------	-------
Net cash from/(used in) investing activities	1,573	( 550)
	-------	-------

Cash flows from financing activities

Redemption of preference shares	( 2,790)	( 1,800)
Proceeds from borrowings	( 113)	( 110)
Proceeds from loans from participating interests	81	–
Government grant income	8	8
Dividends paid	( 55)	( 205)
	-------	-------
Net cash used in financing activities	( 2,869)	( 2,107)
	-------	-------

Champions Holdings Limited

Consolidated Statement of Cash Flows (continued)

Year ended 30 September 2025

	2025	2024
Note	£000	£000
Net increase in cash and cash equivalents	27	628
Cash and cash equivalents at beginning of year	5,931	5,303
	-------	-------
Cash and cash equivalents at end of year	5,958	5,931
	-------	-------

Champions Holdings Limited

Notes to the Consolidated Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, incorporated in the United Kingdom, registered in England and Wales. The address of the registered office is Barrington House, Leake Road, Costock, Loughborough, Leicestershire, LE12 6XA. The principal activity of the Group during the year was that of marketing, PR, sports management and events management. The principal activity of the Company during the year was that of a holding company.

2. Statement of compliance

These Consolidated financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Merger accounting The consolidation financial statements incorporate the financial statements of the company and all its subsidiaries. The group was formed following a group reorganisation which introduced this company as the parent company of the group in place of Champions Group Holdings Limited. The ultimate shareholders remained the same following the reconstruction. As a result the directors have accounted for the transaction under the principals of merger accounting within FRS102. As a consolidated statement of income and retained earnings is published, a separate statement of income and retained earnings for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.

Disclosure exemptions

No disclosure exemptions are available under FRS102.

Consolidation

The financial statements consolidate the financial statements of the Group and all of its subsidiary undertakings. The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not included its individual statement of comprehensive income.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Depreciation charge The annual depreciation charge for each class of tangible fixed asset us based on an estimate of the useful economic life of the respective assents. This is reviewed periodically by the directors to ensure threat they reflect both the external and internal factors. Intangible fixed assets Intangible fixed assets are valued on acquisition and subsequently amortised over their useful economic lives. Although intangible fixed assets are valued using widely accepted methods, management use best judgement on assessing the parameters used in these calculations. Furthermore, management use their experience and appraisal in establishing economic life of the separate classes of intangible fixed assets. Stock provision The company considers it necessary to consider the recoverability of the cost of stock and the associated provision required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability and future usage. Carrying value of investments Any investments carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent impairment. The carrying value is reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. Preference shares Preference shares are considered to be an equity instrument on the basis that they are redeemable at the discretion of the company and dividends are discretionary. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Defined Benefit pension scheme The Actuary, WBR Actuarial have applied significant judgements and estimates in calculating the value of the Defined Benefit Pension Scheme. The responsibility for the selection of the assumptions to be used for FRS 102 disclosures rest with the directors of the Company. FRS 102 requires that the assumptions lead to a best-estimate of the scheme's future cashflows and that these cashflows should then be discounted using the yield available on good quality corporate bonds. Therefore, with the exception of the discount rate, the assumptions should contain no deliberate margin for optimism or pessimism.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10 years straight line
Software	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined benefit plans

The company recognises a defined net benefit pension asset or liability in the statement of financial position as the net total of the present value of its obligations and the fair value of plan assets out of which the obligations are to be settled. The defined benefit liability is measured on a discounted present value basis using a rate determined by reference to market yields at the reporting date on high quality corporate bonds. Defined benefit obligations and the related expenses are measured using the projected unit credit method. Plan surpluses are recognised as a defined benefit asset only to the extent that the surplus is recoverable either through reduced contributions in the future or through refunds from the plan. Changes in the net defined benefit asset or liability arising from employee service are recognised in profit or loss as a current service cost where it relates to services in the current period and as a past service cost where it relates to services in prior periods. Costs relating to plan introductions, benefit changes, curtailments and settlements are recognised in profit or loss in the period in which they occur. Net interest is determined by multiplying the net defined benefit liability by the discount rate, both as determined at the start of the reporting period, taking account of any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. Net interest is recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Turnover

Turnover arises from:

	2025	2024
	£000	£000
Rendering of services	30,263	31,456
	--------	--------

The whole of the turnover is attributable to the principal activity of the company. 100% of the turnover was generated within the United Kingdom (2024 - 100%).

5. Other operating income

	2025	2024
	£000	£000
Government grant income	8	8
Other operating income	28	17
	----	----
	36	25
	----	----

6. Operating loss

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£000	£000
Amortisation of intangible assets	1,522	1,521
Depreciation of tangible assets	135	159
Loss on disposal of tangible assets	200	–
Loss on disposal of intangible assets	69	–
Impairment of trade debtors	96	28
Foreign exchange differences	( 14)	35
Operating lease payments	395	372
	-------	-------

7. Auditor's remuneration

	2025	2024
	£000	£000
Fees payable for the audit of the consolidated financial statements	23	20
	----	----

8. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Administrative staff	59	58
Management staff	5	5
	----	----
	64	63
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£000	£000
Wages and salaries	1,942	1,899
Social security costs	208	176
Other pension costs	287	514
	-------	-------
	2,437	2,589
	-------	-------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£000	£000
Remuneration	61	50
Company contributions to defined benefit pension plans	203	393
	----	----
	264	443
	----	----

10. Income from other current asset investments

	2025	2024
	£000	£000
Income from other current asset investments	177	198
	----	----

11. Gain/loss on current asset investments

	2025	2024
	£000	£000
Interest on cash and cash equivalents	101	233
Interest receivable	116	–
Gain on fair value adjustment of financial assets at fair value through profit or loss	2,125	211
	-------	----
	2,342	444
	-------	----

12. Interest payable and similar expenses

	2025	2024
	£000	£000
Interest on banks loans and overdrafts	63	66
Other interest payable and similar charges	24	–
	----	----
	87	66
	----	----

13. Tax on profit

Major components of tax expense

	2025	2024
	£000	£000

Current tax:

UK current tax income	961	806

Deferred tax:

Origination and reversal of timing differences	( 1)	( 32)
	----	----
Tax on profit	960	774
	----	----

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£000	£000
Profit on ordinary activities before taxation	4,654	3,592
	-------	-------
Profit on ordinary activities by rate of tax	1,164	898
Effect of expenses not deductible for tax purposes	94	263
Effect of capital allowances and depreciation	385	( 31)
Effect of revenue exempt from tax	( 586)	–
Unused tax losses	53	–
Deferred tax not recognised	( 150)	( 356)
	-------	-------
Tax on profit	960	774
	-------	-------

14. Dividends

	2025	2024
	£000	£000
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	55	205
	----	----

15. Intangible assets

Group	Goodwill	Software	Total
	£000	£000	£000
Cost
At 1 October 2024	15,214	26	15,240
Disposals	–	( 26)	( 26)
	--------	----	--------
At 30 September 2025	15,214	–	15,214
	--------	----	--------
Amortisation
At 1 October 2024	6,973	26	6,999
Charge for the year	1,522	–	1,522
Disposals	–	( 26)	( 26)
	--------	----	--------
At 30 September 2025	8,495	–	8,495
	--------	----	--------
Carrying amount
At 30 September 2025	6,719	–	6,719
	--------	----	--------
At 30 September 2024	8,241	–	8,241
	--------	----	--------

The company has no intangible assets.

16. Tangible assets

Group	Land and buildings	Fixtures and fittings	Motor vehicles	Total
	£000	£000	£000	£000
Cost
At 1 October 2024	2,101	521	253	2,875
Additions	–	230	34	264
Disposals	( 2,101)	( 620)	–	( 2,721)
	-------	----	----	-------
At 30 September 2025	–	131	287	418
	-------	----	----	-------
Depreciation
At 1 October 2024	169	437	108	714
Charge for the year	32	43	60	135
Disposals	( 201)	( 480)	–	( 681)
	-------	----	----	-------
At 30 September 2025	–	–	168	168
	-------	----	----	-------
Carrying amount
At 30 September 2025	–	131	119	250
	-------	----	----	-------
At 30 September 2024	1,932	84	145	2,161
	-------	----	----	-------

Company	Fixtures and fittings	Total
	£000	£000
Cost
At 1 October 2024	–	–
Additions	131	131
	----	----
At 30 September 2025	131	131
	----	----
Depreciation
At 1 October 2024 and 30 September 2025	–	–
	----	----
Carrying amount
At 30 September 2025	131	131
	----	----
At 30 September 2024	–	–
	----	----

17. Investments

Group	Unlisted investments
	£000
Cost
At 1 October 2024	675
Additions	1,318
Disposals	( 675)
	-------
At 30 September 2025	1,318
	-------
Impairment
At 1 October 2024 and 30 September 2025	–
	-------

Carrying amount
At 30 September 2025	1,318
	-------
At 30 September 2024	675
	-------

Company	Shares in group undertakings	Unlisted investments	Total
	£000	£000	£000
Cost
At 1 October 2024	11,414	–	11,414
Additions	20,000	1,318	21,318
	--------	-------	--------
At 30 September 2025	31,414	1,318	32,732
	--------	-------	--------
Impairment
At 1 October 2024	–	–	–
Impairment losses	11,414	–	11,414
	--------	-------	--------
At 30 September 2025	11,414	–	11,414
	--------	-------	--------

Carrying amount
At 30 September 2025	20,000	1,318	21,318
	--------	-------	--------
At 30 September 2024	11,414	–	11,414
	--------	-------	--------

Subsidiaries, associates and other investments

Details of the investments in which the group and the parent company have an interest of 20% or more are as follows:

	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Champions Group Holdings Limited	Registered office same as group address	Ordinary	100
Champions (UK) PLC	Registered office same as group address	Ordinary	100
SpeakOut Celebrities & Presenters Limited	Office 1, Technology House, Newton Place, Glasgow, Scotland, G3 7PR	Ordinary	100

All companies have been consolidated in the group accounts. All subsidiaries were incorporated in England and Wales. The following subsidiary undertakings will take advantage of the audit exemption set out within section 479A of the Companies Act 2006 for the year ended 30 September 2025. The Company will guarantee the debts and liabilities of the following subsidiary undertakings at the balance sheet date in accordance with section 479C of the Companies Act 2006. Name Company Number Champions Group Holdings Limited 12473605 Speakout Celebrities & Presenters Limited SC372255

18. Stocks

	Group		Company
	2025	2024	2025	2024
	£000	£000	£000	£000
Raw materials and consumables	554	511	554	–
	----	----	----	----

19. Debtors

	Group		Company
	2025	2024	2025	2024
	£000	£000	£000	£000
Trade debtors	2,281	2,291	–	–
Deferred tax asset	13	6	–	–
Prepayments and accrued income	2,894	3,405	–	–
Directors loan account	17	17	17	–
Other debtors	199	778	25	–
	-------	-------	----	----
	5,404	6,497	42	–
	-------	-------	----	----

20. Investments

	Group		Company
	2025	2024	2025	2024
	£000	£000	£000	£000
Listed investments	4,596	3,003	4,596	–
	-------	-------	-------	----

The movement in the Listed investments in the year relates to additions £734,9k (2024: £1,2m), disposals of £1.0m (2024: £669k) and a market value adjustment gain of £1.86m (2024: £44k).

21. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£000	£000	£000	£000
Bank loans and overdrafts	117	115	–	–
Trade creditors	1,276	2,430	4	–
Amounts owed to group undertakings	–	–	5,995	449
Amounts owed to undertakings in which the company has a participating interest	81	–	81	–
Accruals and deferred income	5,396	6,309	–	–
Corporation tax	458	591	197	–
Social security and other taxes	321	590	8	–
Other creditors	153	32	132	–
	-------	--------	-------	----
	7,802	10,067	6,417	449
	-------	--------	-------	----

Bank loans are secured over cash deposits owned by the group.

22. Creditors: amounts falling due after more than one year

	Group		Company
	2025	2024	2025	2024
	£000	£000	£000	£000
Bank loans and overdrafts	354	469	–	–
	----	----	----	----

Bank loans are secured over cash deposits owned by the group.

23. Provisions

Group and company	Deferred tax (note 24)
	£000
At 1 October 2024	–
Additions	6
	----
At 30 September 2025	6
	----

24. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2025	2024	2025	2024
	£000	£000	£000	£000
Included in debtors (note 19)	13	6	–	–
Included in provisions (note 23)	( 6)	–	( 6)	–
	----	----	----	----
	7	6	( 6)	–
	----	----	----	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
	£000	£000	£000	£000
Accelerated capital allowances	( 7)	( 6)	6	–
	----	----	----	----

25. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 43,492 (2024: £ 41,879 ).

Defined benefit plans

A defined benefit pension scheme was entered into in the year. The expected return on the scheme's assets is based on market expectations for returns over the life of the related obligation. The total of the asset values is based on the value of the fund managed by WBR Actuarial, as advised by that organisation. WBR Actuarial were commissioned to report on the financial position of The Champions Defined Benefit SSAS as at 30 September 2025 for the purpose of Financial Reporting Standard 102. The figures produced are in accordance with the Technical Actuarial Standards set by the Financial Regulation Council where appropriate and deemed material to ensure adequacy of the disclosures.

The statement of financial position net defined benefit liability is determined as follows:

	2025	2024
	£000	£000
Present value of defined benefit obligations	( 572)	( 472)
Fair value of plan assets	2,804	1,897
	-------	-------
	2,232	1,425
Irrecoverable surplus	( 2,232)	( 1,426)
	-------	-------
	–	( 1)
	-------	-------

Changes in the present value of the defined benefit obligations are as follows:

	2025
	£000
At 1 October 2024	472
Current service cost	243
Interest expense	24
Gains and losses on settlements and curtailments	( 167)
	----
At 30 September 2025	572
	----

Changes in the fair value of plan assets are as follows:

	2025
	£000
At 1 October 2024	1,897
Interest income	116
Contributions by employer	845
Gains and losses on settlements and curtailments	( 54)
	-------
At 30 September 2025	2,804
	-------

The total costs for the year in relation to defined benefit plans are as follows:

	2025	2024
	£000	£000

Recognised in profit or loss:

Current service cost	243	472
Net interest income	( 92)	–
	----	----
	151	472
	----	----

Recognised in other comprehensive income:

Remeasurement of the liability:

Actuarial gains and losses	( 113)	–
	----	----

The return on plan assets are as follows:

	2025	2024
	£000	£000
Return on assets of benefit plan	( 62)	–
	----	----

The principal actuarial assumptions as at the statement of financial position date were:

	2025	2024
	%	%
Discount rate	5.80	5.00
Expected rate of increase in pensions	2.50	2.50

Mortality rates:

Future pensioners at 65 - male	24.70	24.70
Future pensioners at 65 - female	27.50	27.50
	-------	-------

The pension scheme surplus is based on the actuarial assumptions used as at the 30 September 2025. These can and do change after the year end. As per the actuarial assumption the pension scheme is a surplus in the current year of £2,232,000. It is not expected that there will be a decrease in future contribution due to the surplus furthermore it is not feasible that the surplus will be refunded. Due to this the asset is not recognised as at 30 September 2025.

26. Government grants

The amounts recognised in the Consolidated financial statements for government grants are as follows:

Group		Company
2025	2024	2025	2024
£000	£000	£000	£000

Recognised in other operating income:

Government grants released to profit or loss	8	8	–	–
	----	----	----	----

27. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£000	No.	£000
Preference shares shares of £ 1 each	4,369,500	4,370	7,159,500	7,160
Ordinary Class B shares of £ 1 each	951,188	951	951,188	951
Ordinary Class C shares of £ 1 each	190,238	190	190,238	190
Ordinary Class D shares of £ 1 each	570,713	571	570,713	571
Ordinary Class E shares of £ 1 each	570,713	571	570,713	571
Ordinary Class F shares of £1 each	570,713	571	570,713	571

Ordinary Class G shares of £1 each	951,188	951	951,188	951
	------------	-------	-------------	--------
	8,174,253	8,174	10,964,253	10,964
	------------	-------	-------------	--------

Ordinary shares have equal voting rights and a right to dividends. Preference shares have no voting or dividend rights. Preference shares are redeemable at the discretion of the company. During the year 2,790,000 preference shares were redeemed at par.

28. Reserves

Merger reserve - This reserve records the amount above the nominal value received for shares sold, less transaction costs . Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company. Profit and loss account - This reserve records retained earnings and accumulated losses.

29. Analysis of changes in net debt

	At 1 Oct 2024	Cash flows	At 30 Sep 2025
	£000	£000	£000
Cash at bank and in hand	5,931	27	5,958
Debt due within one year	(115)	(83)	(198)
Debt due after one year	(469)	115	(354)
Current asset investments	3,003	1,593	4,596
	-------	-------	--------
	8,350	1,652	10,002
	-------	-------	--------

30. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	Group		Company
	2025	2024	2025	2024
	£000	£000	£000	£000
Not later than 1 year	150	129	–	–
Later than 1 year and not later than 5 years	405	516	–	–
	----	----	----	----
	555	645	–	–
	----	----	----	----

31. Directors' advances, credits and guarantees

There is £16,875 (2024 - £16,875) owed by a director at the year end. No interest has been charged and amounts are repayable on demand.

Champions Holdings Limited

Notes to the Consolidated Financial Statements (continued)

Year ended 30 September 2025

32. Related party transactions

Group

Key management remuneration is £308,430 (2024 £492,331) which included directors remuneration of £264,351 (2024 £444,331) and £44,079 (2024 £48,000) paid to other deemed as key management personnel. During the year the group made the following related party transactions:- Barrington Trust A director is a trustee of the Trust. During the year, the company paid rent of £87,750 (2024 £91,033) to the Trust. At the year end a balance of £28,000 (2024 £Nil) was due to the company. Cynthia Neal Settlement Trust A shareholder of the parent company is a trustee of the Trust. During the year, the company paid rent of £84,754 (2024 £72,754) to the Trust. At the year end a balance of £2,000 (2024 £2,000) was due to the Trust. British Par 3 Championship Limited This company is controlled by a director. During the year, the company made sales of £59,760 (2024 £36,500) to British Par 3 Championship Limited. At the year end a balance of £34,447(2024 £Nil) was due to the company. D Simms Director of a group company. During the year, the company made purchases of £12,079 (2024 £12,681) from D Simms. MM Media Partners Limited The directors have an interest in this company. During the year, the company made sales of £5,950 (2024 £10,156) to MM Media Partners Limited. At the end of the year a balance of £Nil (2024 £1,236) was due from the company. Motivational Speakers Agency Limited This company is controlled by a director. During the year, the company loaned £55,000 (2024 £20,000) from Motivational Speakers Agency Limited and repaid £75,000 during the year. At the year end a balance of £14,000 (2024 £20,000) was due to the company. During the year, the company made sales of £26,371 (2024 £53,143) to Motivational Speakers Agency Limited. Diginius Limited An investment is held in this company by a group company. During the year, the company made sales of £4,433 (2024 £25,293) and purchases of £18,825 (2024 £49,026). At the year end a balance of £Nil (2024 £2,998) was due to the company. Clarity Growth Limited The directors have an interest in this company. During the year, the company made purchases of £67,032 (2024 £73,746) from Clarity Growth Limited. At the end of the year a balance of £12,265 (2024 £3,828) was due to the company. Rise By Digital Limited This company was controlled by a director until December 2025. During the year, the company made purchases of £68,982 (2024 £Nil) from Rise By Digital Limited. At the end of the year a balance of £2,605(2024 £Nil) was due to the company. During the year, the company made sales of £14,000 (2024 £Nil). At the year end a balance of £16,800 (2024 £Nil) was due from the company. Global Real Estate Data Limited The directors have an interest in this company. During the year, the company made sales of £Nil (2024 £105,000). No interest was charged on any loan balances unless specifically stated. Influencer Matchmaker Limited The directors have an interest in this company. At the end of the year a balance of £7,000 (2024 £Nil) was due to the company. Champions PR Limited The directors have an interest in this company. At the end of the year a balance of £4,000 (2024 £Nil) was due to the company. Team Champions Limited The directors have an interest in this company. At the end of the year a balance of £15,000 (2024 £Nil) was due to the company. Crowd Went Wild Limited The directors have an interest in this company. At the end of the year a balance of £13,000 (2024 £Nil) was due to the company.

Company

The company has taken advantage of the exemptions available under FRS102 relating to the disclosure of related party transactions with other members of the Champions Holdings Limited group.

33. Controlling party

The Group and Company continues to be under the ultimate control of the Hayes family.