Company registration number 04465503 (England and Wales)
ROMSEY COACHES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ROMSEY COACHES LIMITED
COMPANY INFORMATION
Director
J Philipp
Secretary
N J Shelley
Company number
04465503
Registered office
29 Premier Way
Abbey Park Industrial Estate
Romsey
Hampshire
SO51 9DQ
Auditor
Sumer Auditco Limited
Fourth Floor
Unit 5B, The Parklands
Bolton
BL6 4SD
Business address
29 Premier Way
Abbey Park Industrial Estate
Romsey
Hampshire
SO51 9DQ
Bankers
Lloyds Bank Plc
30 Commerical Road
Totton
Southampton
Hampshire
S040 3TH
Solicitors
Backhouse Jones Limited
The Printworks
Hey Road
Clitheroe
Lancashire
BB7 9WD
ROMSEY COACHES LIMITED
CONTENTS
Page
Strategic report
1 - 2
Director's report
3 - 4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Notes to the financial statements
11 - 23
ROMSEY COACHES LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The director presents the strategic report for the year ended 31 December 2025.

Fair review of the business

Romsey Coaches Limited provides specialist coaches for artists in the music industry during their tours across the United Kingdom and Europe. The company continues to maintain its position as a leading provider in this niche market, ensuring reliability and comfort for touring artists and their teams.

There have been no significant changes to the company’s principal activities during the year under review, and the director does not anticipate any changes in the foreseeable future.

For the year ended 31 December 202 5, the company achieved a turnover of £1 3,878,950, a decrease from £14,222,749 in 202 4.

The company’s net assets position has strengthened significantly, increasing to £4,694,5 32 as of 31 December 202 5 (202 4: £4,126,552), reflecting a 14% growth. This demonstrates a strong financial position, reinforcing the company’s stability and capacity for future growth.

With a solid balance sheet and a continued focus on delivering high-quality services to touring artists, the company is well-positioned to sustain its success in the upcoming years.

Principal risks and uncertainties

Liquidity r isk

The company seeks to manage financial risk by ensuring liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. The director regularly monitor s the cash flow projections of the company in order to ensure that it has sufficient available funds for its continuing operations.

Credit r isk

The principal credit risk arises from the company's trade debtors.

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

Foreign c urrency r isk

Risk largely arises from payment of wages to overseas employees.

Foreign currency risk is managed through the regular monitoring of risk policies and systems. The director is satisfied that these risks have been adequately managed through the year.

ROMSEY COACHES LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Key performance indicators

The company reviews and monitors its performance against a number of key performance indicators both financial and non-financial. The principal measures include revenue growth, maintaining service levels, improvement of gross margins and EBITDA. These are reviewed by the management team and reported to the Board on a monthly basis.

The Director and management team have and will continue to monitor all of the KPI's and daily operating controls and maintain a strong focus on increasing performance in all aspects of the business.

The main KPI's and corresponding results are as follows:

| 2025 | 2024
Turnover | 13,878,950 | £14,222,749
Gross profit margin | 23.1% | 25.5%
Profit before tax | £1,429,463 | £2,056,083
Net assets | £4,694,532 | £4,126,552
Number of employees | 88 | 89

Turnover does vary year on year depending on the artists touring during the period. Turnover has reduced by 2% in 2025 compared to 2024, which is not unusual given this variability. The company has a strong future order book and the director is satisfied that turnover levels will be materially maintained.

Gross profit margin has reduced by 2.4% in the year. This is fundamentally a result of the increased costs affecting all businesses globally. The director is satisfied that costs continue to be effectively managed and negotiated where possible.

Profit before tax remains satisfactory and within the director's expectations. The reduction noted is a result of the increased costs affecting companies globally.

Net assets remained strong at £4.7m, providing a solid platform to support future investment and growth. The Director believes the Company's financial strength, established market position and reputation for delivering a high-quality service leave it well placed to pursue growth opportunities as they arise.

Employee numbers remained stable at 88 during the year. The Director recognises that the commitment, experience and expertise of the workforce are key factors in the Company's success and remains focused on attracting, developing and retaining talented employees.

The Director remains confident in the long-term prospects of the business and will continue to invest in its people, assets and operational capabilities to support sustainable growth and the continued success of the Company.

On behalf of the board

J Philipp
Director
2 July 2026
ROMSEY COACHES LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The director presents his annual report and financial statements for the year ended 31 December 2025.

Principal activities
The principal activity of the company continues to be that of the provision of specialist coaches for the music industry.
Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £500,000. The director does not recommend payment of a final dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

J Philipp
Future developments

The company will continue to provide specialist coaches for the music industry and is investing heavily in its fleet of vehicles.

The company has sufficient financial resources in place to execute its strategy to develop in the future.

Auditor

The auditor, Sumer Auditco Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of director's responsibilities

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 financial statements comply with the Companies Act 2006. He is 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.

Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of financial risk management.

ROMSEY COACHES LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
J Philipp
Director
2 July 2026
ROMSEY COACHES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROMSEY COACHES LIMITED
- 5 -
Opinion

We have audited the financial statements of Romsey Coaches Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- 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 financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the 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 financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the 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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director 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 financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. 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 our audit:

- the information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

ROMSEY COACHES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROMSEY COACHES LIMITED (CONTINUED)
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

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, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of director's remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the 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 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.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussions with the director (as required by auditing standards) and discussed with the director the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, Romsey Coaches Limited is subject to laws and regulations that directly affect the financial statements including financial reporting legislation and taxation legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the Romsey Coaches Limited is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: laws related to employment, road & traffic, health & safety and data protection.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and inspection of regulatory and legal correspondence, if any. Through these procedures we did not become aware of any actual or suspected non-compliance.

ROMSEY COACHES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROMSEY COACHES LIMITED (CONTINUED)
- 7 -

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

We design procedures in line with our responsibilities, outlined below to detect material misstatement due to fraud:

- Matters are discussed amongst the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud

- Identifying and assessing the design and effectiveness of controls that management have in place to prevent and detect fraud

- Detecting and responding to the risks of fraud following discussions with management and enquiring as to whether management have knowledge of any actual, suspected or alleged fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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.

Helen Mills
Senior Statutory Auditor
For and on behalf of Sumer Auditco Limited
2 July 2026
Statutory Auditor
Fourth Floor
Unit 5B, The Parklands
Bolton
BL6 4SD
ROMSEY COACHES LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
13,878,950
14,222,749
Cost of sales
(10,670,892)
(10,590,008)
Gross profit
3,208,058
3,632,741
Administrative expenses
(1,733,909)
(1,477,270)
Operating profit
4
1,474,149
2,155,471
Interest receivable and similar income
6
7,851
9,603
Interest payable and similar expenses
7
(52,537)
(108,991)
Profit before taxation
1,429,463
2,056,083
Tax on profit
8
(361,483)
(518,138)
Profit for the financial year
1,067,980
1,537,945

The profit and loss account has been prepared on the basis that all operations are continuing operations.

ROMSEY COACHES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
6,059,423
6,744,091
Current assets
Stocks
11
264,287
167,834
Debtors
12
451,200
883,660
Cash at bank and in hand
1,471,102
1,139,356
2,186,589
2,190,850
Creditors: amounts falling due within one year
13
(1,576,357)
(2,375,025)
Net current assets/(liabilities)
610,232
(184,175)
Total assets less current liabilities
6,669,655
6,559,916
Creditors: amounts falling due after more than one year
14
(490,006)
(1,070,379)
Provisions for liabilities
Deferred tax liability
16
1,485,117
1,362,985
(1,485,117)
(1,362,985)
Net assets
4,694,532
4,126,552
Capital and reserves
Called up share capital
18
1
1
Profit and loss reserves
4,694,531
4,126,551
Total equity
4,694,532
4,126,552

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved and signed by the director and authorised for issue on 2 July 2026
J Philipp
Director
Company registration number 04465503 (England and Wales)
ROMSEY COACHES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
1
3,338,606
3,338,607
Year ended 31 December 2024:
Profit and total comprehensive income
-
1,537,945
1,537,945
Dividends
9
-
(750,000)
(750,000)
Balance at 31 December 2024
1
4,126,551
4,126,552
Year ended 31 December 2025:
Profit and total comprehensive income
-
1,067,980
1,067,980
Dividends
9
-
(500,000)
(500,000)
Balance at 31 December 2025
1
4,694,531
4,694,532
ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
1
Accounting policies
Company information

Romsey Coaches Limited is a private company limited by shares incorporated in England and Wales. The registered office is 29 Premier Way, Abbey Park Industrial Estate, Romsey, Hampshire, SO51 9DQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention.The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash f low and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Beat The Street (UK) Limited. These consolidated financial statements are available from its registered office, 29 Premier Way, Abbey Park Industrial Estate, Romsey, Hampshire, SO51 9DQ.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

The company recognises revenue from the following major sources:

- Tour bus hire

- Vehicle maintenance and repair services

Tour bus hire

The company generates revenues from contracts for the provision of tour bus hire services to artists and touring productions.

Revenue from tour bus hire is recognised over the period of the hire, by reference to the stage of completion at the reporting date. The stage of completion is determined based on the proportion of the hire period elapsed relative to the total contracted hire period.

ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 12 -

Revenue is recognised only when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred, and the costs to complete the contract, can be measured reliably.

Where hire fees are invoiced in advance, amounts are deferred and recognised as revenue over the period to which the services relate.

Vehicle maintenance and repair services

The company also generates revenues from the provision of vehicle maintenance and repair services.

Revenue from vehicle maintenance and repair services is recognised upon completion of the repair or maintenance work. For longer or more complex jobs, revenue is recognised by reference to the stage of completion at the reporting date, based on the proportion of costs incurred relative to the total estimated costs of the contract.

Revenue is recognised only when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract; and

- the costs incurred in respect of the transaction can be measured reliably.

Vehicle maintenance and repair services rendered to group companies are carried out on an arm's length basis.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% p.a. straight line
Garage and office equipment
25% p.a. straight line and 33.3% p.a. straight line
Coaches
10% p.a. straight line
Motor vehicles
33.3% p.a. straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 13 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 14 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 17 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Tangible fixed assets

The useful economic life of tangible fixed assets has been estimated by the director to ensure that an appropriate depreciation charge is recognised each year. This estimate is based on management’s assessment of the assets' expected usage and condition. Depreciation charged in the year amounted to £1,190,901 (2024: £1,175,732).

Refer to note 1 0, showing the carrying values impacted by this key accounting estimate.

Classification of stock

Management has estimated the proportion of bus parts included within the closing stock balance at 31 December 2025 that are expected to be consumed in the maintenance of the company's own fleet of coaches, rather than held for resale to companies in the wider group. These parts are expected to provide economic benefit in future periods and therefore have been reclassified from stock to prepayments.

Based on management’s assessment, 40% of the bus parts balance has been reclassified as prepayments, resulting in £166,394 (2024: £226,595) recognised as a prepayment, and £264,287 (2024: £167,834) retained within stock. This estimate is based on the relative size of the fleet operated by the company compared to the wider group and therefore impacts the allocation between stock and prepayments.

Refer to note 11, showing the carrying values impacted by this key accounting estimate.

3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Tour bus hire
13,223,887
13,319,663
Vehicle maintenance and repair services
655,063
903,086
13,878,950
14,222,749
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
6,567,989
9,365,201
Rest of the world
7,310,961
4,857,548
13,878,950
14,222,749
2025
2024
£
£
Other revenue
Interest income
7,851
9,603
ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 18 -
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses/(gains)
83,373
(82,468)
Fees payable to the company's auditor for the audit of the company's financial statements
14,850
12,200
Depreciation of tangible fixed assets
1,190,901
1,175,732
Profit on disposal of tangible fixed assets
(1,145,500)
(445,770)
Operating lease charges
192,000
192,000
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Administration
6
6
Drivers
55
57
Mechanics
27
26
Total
88
89

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
5,181,425
4,773,900
Social security costs
596,187
453,804
Pension costs
399,534
361,454
6,177,146
5,589,158

The director received no remuneration in the year (2024: £Nil).

6
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
7,851
9,603
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
7,851
9,603
ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 19 -
7
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
52,537
108,991
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
239,351
321,461
Deferred tax
Origination and reversal of timing differences
122,132
196,677
Total tax charge
361,483
518,138

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,429,463
2,056,083
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
357,366
514,021
Depreciation on assets not qualifying for tax allowances
4,117
4,117
Taxation charge for the year
361,483
518,138
9
Dividends
2025
2024
£
£
Interim paid
500,000
750,000
ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
10
Tangible fixed assets
Leasehold improvements
Garage and office equipment
Coaches
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
418,881
750,011
18,587,213
83,018
19,839,123
Additions
-
0
78,532
427,701
-
0
506,233
Disposals
-
0
(22,183)
(1,827,932)
-
0
(1,850,115)
At 31 December 2025
418,881
806,360
17,186,982
83,018
18,495,241
Depreciation and impairment
At 1 January 2025
251,887
616,584
12,177,971
48,590
13,095,032
Depreciation charged in the year
41,892
50,157
1,083,384
15,468
1,190,901
Eliminated in respect of disposals
-
0
(22,183)
(1,827,932)
-
0
(1,850,115)
At 31 December 2025
293,779
644,558
11,433,423
64,058
12,435,818
Carrying amount
At 31 December 2025
125,102
161,802
5,753,559
18,960
6,059,423
At 31 December 2024
166,994
133,427
6,409,242
34,428
6,744,091
11
Stocks
2025
2024
£
£
Consumable parts
264,287
167,834
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
96,850
188,983
Other debtors
118,753
43,203
Prepayments and accrued income
235,597
651,474
451,200
883,660
ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
13
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
15
635,511
771,725
Trade creditors
157,362
670,794
Amounts owed to group undertakings
60,035
54,512
Corporation tax
89,350
221,461
Other taxation and social security
137,252
107,723
Other creditors
11,479
18,432
Accruals and deferred income
485,368
530,378
1,576,357
2,375,025

The bank loans are secured against the assets of the company to which they relate.

14
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
15
490,006
1,070,379

The bank loans are secured against the assets of the company to which they relate.

15
Loans and overdrafts
2025
2024
£
£
Bank loans
1,125,517
1,842,104
Payable within one year
635,511
771,725
Payable after one year
490,006
1,070,379

The company holds bank loans with Raiffeisen-Landesbank Tirol AG, all denominated in Euros. The loans were taken out for the purpose of financing the purchase of specific vehicles used in the company's operations.

The loans are repayable in quarterly instalments over their respective terms. Interest is charged at a variable rate based on 3-month EURIBOR plus a fixed margin, subject to a minimum rate of 1.125% per annum.

Each loan is secured by a retention of title over the specific vehicle to which it relates.

The company is exposed to foreign currency risk on these loans as they are denominated in Euros. Gains and losses arising on retranslation of the loan balances at the closing rate are recognised in the profit and loss account.

ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 22 -
16
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
1,485,117
1,362,985
2025
Movements in the year:
£
Liability at 1 January 2025
1,362,985
Charge to profit or loss
122,132
Liability at 31 December 2025
1,485,117

T he deferred tax liability set out above relates to accelerated capital allowances which are expected to release over the useful economic life of the associated tangible fixed assets.

17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
399,534
361,454

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

18
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
19
Reserves

The Company’s capital and reserves are as follows:

Called up share capital

Called up share capital represents the nominal value of the shares issued.

Profit and loss reserves

The profit and loss account represents cumulative profits and losses net of dividends paid and other

adjustments.

ROMSEY COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 23 -
20
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
1,293,600
-

As at 31st December 2025, the Company has entered into a commitment for the delivery of three coaches from a supplier. The total capital commitment for these purchases amounts to €1,483,500, which has been translated into GBP at the exchange rate prevailing on this date. The translated amount is presented in GBP as at 31st December 2025.

Payment will be due on delivery, in line with the agreed terms. Given that the purchase is denominated in euros, exchange rate fluctuations between EUR and GBP may affect the final amounts payable at the time of payment.

21
Related party transactions

The company has taken advantage of the exemption available in accordance with FRS 102 section 1.12(e) 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

During the year the company had various transactions with various companies in which J Philipp is a director or shareholder, details of which are provided below.

During the year, the company purchased goods and services from Beat the Street Jo e rg Philipp Touring Service GmbH of £278,052 (202 4: £437,572), made sales of £983,671 (202 4: £1,180,673), paid management charges of £4 0,679 (202 4: £42,743), incurred cross guarantee fees of £8,1 80 (202 4: £1 1,530) and recharged expenses of £11,176 (202 4: £240). At the year end, the amount included in creditors in relation to Beat the Street Jo e rg Philipp Touring Service GmbH is £60,035 (202 4: £5 4,512). This balance is unsecured, non-interest bearing and repayable on demand.

Rent of £156,000 was paid to Joerg Philipp Properties Ltd during the year (2024: £156,000). There was a balance outstanding at the year end of £Nil (2024: £Nil).

Unless otherwise stated, related party balances are unsecured, non-interest bearing and repayable on demand.

22
Ultimate controlling party

The company is under the immediate control of Beat The Street (UK) L imited, a company registered in England and Wales. The ultimate controlling party is Joerg Philipp Holding GmbH, a company registered in Austria, of whom Joerg Philipp is the ultimate controlling party.

Romsey Coaches Limited is consolidated within Beat The Street (UK) Limited's group financial statements and copies can be obtained upon request from the UK group's registered office, 29 Premier Way, Abbey Park Industrial Estate, Romsey, Hampshire, SO51 9DQ .

2025-12-31 2025-01-01 false false false CCH Software CCH Accounts Production 2026.100 J Philipp N J Shelley 04465503 2025-01-01 2025-12-31 04465503 bus:Director1 2025-01-01 2025-12-31 04465503 bus:CompanySecretary1 2025-01-01 2025-12-31 04465503 bus:RegisteredOffice 2025-01-01 2025-12-31 04465503 bus:Agent1 2025-01-01 2025-12-31 04465503 2025-12-31 04465503 2024-01-01 2024-12-31 04465503 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 04465503 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 04465503 2024-12-31 04465503 core:LeaseholdImprovements 2025-12-31 04465503 core:PlantMachinery 2025-12-31 04465503 core:FurnitureFittings 2025-12-31 04465503 core:MotorVehicles 2025-12-31 04465503 core:LeaseholdImprovements 2024-12-31 04465503 core:PlantMachinery 2024-12-31 04465503 core:FurnitureFittings 2024-12-31 04465503 core:MotorVehicles 2024-12-31 04465503 core:WithinOneYear 2025-12-31 04465503 core:WithinOneYear 2024-12-31 04465503 core:AfterOneYear 2025-12-31 04465503 core:AfterOneYear 2024-12-31 04465503 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 04465503 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04465503 core:ShareCapital 2025-12-31 04465503 core:ShareCapital 2024-12-31 04465503 core:RetainedEarningsAccumulatedLosses 2025-12-31 04465503 core:RetainedEarningsAccumulatedLosses 2024-12-31 04465503 core:ShareCapital 2023-12-31 04465503 core:RetainedEarningsAccumulatedLosses 2023-12-31 04465503 core:ShareCapitalOrdinaryShareClass1 2025-12-31 04465503 core:ShareCapitalOrdinaryShareClass1 2024-12-31 04465503 core:LeaseholdImprovements 2025-01-01 2025-12-31 04465503 core:PlantMachinery 2025-01-01 2025-12-31 04465503 core:FurnitureFittings 2025-01-01 2025-12-31 04465503 core:MotorVehicles 2025-01-01 2025-12-31 04465503 core:UKTax 2025-01-01 2025-12-31 04465503 core:UKTax 2024-01-01 2024-12-31 04465503 1 2025-01-01 2025-12-31 04465503 1 2024-01-01 2024-12-31 04465503 core:LeaseholdImprovements 2024-12-31 04465503 core:PlantMachinery 2024-12-31 04465503 core:FurnitureFittings 2024-12-31 04465503 core:MotorVehicles 2024-12-31 04465503 2024-12-31 04465503 core:CurrentFinancialInstruments 2025-12-31 04465503 core:CurrentFinancialInstruments 2024-12-31 04465503 core:Non-currentFinancialInstruments 2025-12-31 04465503 core:Non-currentFinancialInstruments 2024-12-31 04465503 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 04465503 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 04465503 bus:OrdinaryShareClass1 2025-12-31 04465503 bus:OrdinaryShareClass1 2024-12-31 04465503 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04465503 bus:FRS102 2025-01-01 2025-12-31 04465503 bus:Audited 2025-01-01 2025-12-31 04465503 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP