Globe Exhibitions Limited - Accounts to registrar (filleted)

GLOBE EXHIBITIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

S L Neill

A L Neill

S C Mariner

SECRETARY:

S L Neill

REGISTERED OFFICE:

11 Richmond Park Road

East Sheen

London

SW14 8JU

REGISTERED NUMBER:

02072277 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Investment property

4

3,186,521

3,164,028

CURRENT ASSETS

Debtors

5

68,595

98,156

Cash at bank

42,199

47,650

110,794

145,806

CREDITORS

Amounts falling due within one year

6

190,898

264,310

NET CURRENT LIABILITIES

(80,104

)

(118,504

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,106,417

3,045,524

PROVISIONS FOR LIABILITIES

150,937

NET ASSETS

2,955,480

2,894,587

CAPITAL AND RESERVES

Called up share capital

100

Non-distributable reserves

7

1,479,592

Retained earnings

1,475,788

1,414,895

SHAREHOLDERS' FUNDS

2,955,480

2,894,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

(b)

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st July 2026 and were signed on its behalf by:

A L Neill - Director

S L Neill - Director

1.	STATUTORY INFORMATION

Globe Exhibitions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover represents rents and service recharges received from tenants of properties, stated net of value added tax. Income received that relates to a period after the year end is treated as deferred income.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

3,164,028

Additions

22,493

At 31st March 2026

3,186,521

NET BOOK VALUE

At 31st March 2026

3,186,521

At 31st March 2025

3,164,028

Fair value at 31st March 2026 is represented by:

£

Valuation in 2006

1,548,649

Valuation in 2011

81,880

Valuation in 2015

200,000

Valuation in 2017

200,000

Valuation in 2019

600,000

Valuation in 2024

(1,000,000

)

Cost

1,555,992

3,186,521

If investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

1,555,992

1,533,499

No formal independent valuation was carried out in the year to 31st March 2026.

The investment property is stated at the directors estimate of its fair value based on the fair value model and evidence of transaction prices for similar properties.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

131,744

166,407

Doubtful debt provision

(64,342

)

(71,382

)

Prepayments and accrued income

1,193

3,131

68,595

98,156

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

-

1,500

Amounts owed to group undertakings

86,215

132,279

Corporation tax

53,580

50,949

VAT

19,218

16,280

Accruals and deferred income

31,885

63,302

190,898

264,310

7.

RESERVES

Non-distributable

reserves

£

At 1st April 2025

and 31st March 2026

1,479,592

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Globe Exhibitions Limited for the year ended 31st March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Globe Exhibitions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Globe Exhibitions Limited and state those matters that we have agreed to state to the Board of Directors of Globe Exhibitions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Globe Exhibitions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Globe Exhibitions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Globe Exhibitions Limited. You consider that Globe Exhibitions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Globe Exhibitions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

21st July 2026