The director presents the strategic report for the year ended 31 December 2025.
The Beat the Street (UK) Group 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 2025, the group achieved a turnover of £38,258,543, an increase from £32,271,671 in 2024.
Profitability has also improved, with profit before tax rising to £4,903,171 (2024: £4,480,891).
The group's net assets position has remained stable at £7,173,992 as of 31 December 2025 (2025: £7,251,998). 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.
Liquidity risk
The group 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 monitors the cash flow projections of the group in order to ensure that it has sufficient available funds for its continuing operations.
Credit risk
The principal credit risk arises from the group'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 currency risk
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.
The group 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 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 | £38,238,543 | £32,271,671 |
Gross profit margin | 20.96% | 22.06% |
Profit before tax | £4,903,171 | £4,480,891 |
Net assets | £7,173,992 | £7,251,998 |
Number of employees | 158 | 159 |
Turnover does vary year on year based on the artists touring during the period. Turnover has increased by 18% in 2025, which is a significant achievement and illustrates the strong pipeline of work secured and demand for the Group's services. The Group has a strong future order book and the Director is satisfied that turnover levels will be materially maintained.
Gross profit margin has reduced by 1.1% 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 substantial, with growth reported for 2025 as expected.
Net assets remained strong at £7.2m, providing a solid platform to support future investment and growth. The Director believes the Group'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 decreased marginally from 159 to 158 during the year. The Director recognises that the commitment, experience and expertise of the workforce are key factors in the Group's success and remains focused on ensuring the business has the skills and resources required to support its operational objectives and future growth.
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 Group.
On behalf of the board
The director presents his annual report and financial statements for the year ended 31 December 2025.
The results for the year are set out on page 8.
Ordinary dividends were paid amounting to £3,750,000. The director does not recommend payment of a final dividend.
The director who held office during the year and up to the date of signature of the financial statements was as follows:
The group will continue to provide specialist coaches for the music industry and is investing heavily in its fleet of vehicles.
The group has sufficient financial resources in place to execute its strategy to develop in the future.
The auditor, Sumer Auditco Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
The group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the group'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.
This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.
We have audited the financial statements of Beat the Street (UK) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows 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).
Basis for 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 group's and parent 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
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 report 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.
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, the group 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 group 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.
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 parent 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 parent 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
The profit and loss account has been prepared on the basis that all operations are continuing operations.
As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £3,104,014 (2024: £2,568,338 profit).
These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.
Beat the Street (UK) Limited (“the Company”) is a limited company domiciled and incorporated in England and Wales. The registered office is 29 Premier Way, Abbey Park Industrial Estate, Romsey, Hampshire, SO51 9DQ.
The Group consists of Beat the Street (UK) Limited and all of its subsidiaries.
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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The 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. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; 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 consolidated group financial statements consist of the financial statements of the parent company Beat the Street (UK) Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales-related taxes. The fair value of consideration takes into account trade discounts, settlement discounts, and volume rebates.
The group recognises revenue from the below major source:
Ground transportation and tour bus hire
Vehicle maintenance and repair services
The nature, timing of satisfaction of performance obligations, and significant payment terms of the group's major sources of revenue are as follows:
Ground transportation and tour bus hire
The group generates revenues from contracts for the provision of ground transportation and tour bus hire services to artists and touring productions.
Revenue from ground transportation services is recognised at the point in time at which the service is performed, reflecting the short-term nature of individual bookings.
Revenue from tour bus hire contracts 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.
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 group 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 group 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 group 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.
Dividend income
Dividend income receivable from subsidiary companies is recognised in the period they are voted.
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 recognised in the profit and loss account.
In the parent company financial statements investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible 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.
The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.
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.
The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and 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, which include trade and other receivables 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, 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.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group 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.
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 group after deducting all of its 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 payments 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. Amounts 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 are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group 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 group.
The tax expense represents the sum of the tax currently payable and deferred 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 group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised for tax purposes.
A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences can be deducted.
Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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.
In the application of the group’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.
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.
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 £1,836,657 (2024: £1,796,781).
Refer to note 12, showing the tangible fixed assets carrying values impacted by this key accounting estimate.
Investments in subsidiary undertakings is recorded at historical cost, which includes the initial purchase price, related professional fees, and any deferred consideration where applicable.
Each year, the board carries out an impairment review, considering both the current performance and future profitability of the subsidiaries. This assessment is based on the EBITDA multiple established at the time of acquisition. Indicators of impairment may include a decline in revenue or profitability.
During the year, no impairment in the carrying amount of investments in subsidiaries has been deemed necessary (2024: £Nil).
Refer to note 13, showing the carrying values impacted by this key accounting estimate.
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 group'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 group compared to the wider group and therefore impacts the allocation between stock and prepayments.
Refer to note 15, showing the carrying values impacted by this key accounting estimate.
An analysis of the group's turnover is as follows:
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
Directors remuneration in the year was £Nil (2024: £Nil).
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:
These financial statements are separate company financial statements for Beat the Street (UK) Limited.
Details of the company's subsidiaries at 31 December 2025 are as follows:
Registered office addresses (all UK unless otherwise indicated):
1 29 Premier Way, Abbey Park Industrial Estate, Romsey, Hampshire, SO51 9DQ
The bank loans are secured against the assets of the group to which they relate.
The bank loans are secured against the assets of the group to which they relate.
The group 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 group'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 group 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.
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
The 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.
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
The Group and Company’s 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.
Amounts contracted for but not provided in the financial statements:
As at 31st December 2025, the group 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.
Group
During the year, the group had transactions with Beat the Street Joerg Philipp Touring Service GmbH, a company under the control of Joerg Philipp. These related party transactions include sales of £6,717,026 (2024: £6,305,296), purchases of £7,632,611 (2024: £6,196,924) and recharged expenses of £22,346 (2024: £26,287).The group also incurred cross guarantee charges of £11,371 (2024: £15,370) and paid management charges of £65,026 (2024: £63,686). Included in creditors is an unsecured balance owed to Beat the Street Joerg Philipp Touring Service GmbH of £98,744 (2024: £87,873) and an amount owed from this related company of £32,780 (2024: £Nil).
During the year, the group paid rent to Joerg Philipp Properties Ltd of £171,600 (2024: £171,600). The balance outstanding at the year end £Nil (2024: £Nil).
Company
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 transactions with Beat the Street Joerg Philipp Touring Service GmbH, a company under the common control of J Philipp. These related party transactions include sales of £5,733,355 (2024: £5,124,623), purchases of £7,354,560 (2024: £5,759,352), management charges of £24,347 (2024: £20,943), recharged expenses of £11,171 (2024: £26,048) and cross guarantee charges of £3,191 (2024: £3,840). At the year end, there were amounts due to Beat the Street Joerg Philipp Touring Service GMBH of £38,709 (2024: £33,361) and an amount owed from this related company of £32,780 (2024: £Nil).
During the year, the company paid rent to Joerg Philipp Properties Ltd of £15,600 (2024: £15,600). There was a balance of £Nil outstanding at the year end (2024: £Nil).