REGISTERED NUMBER: 16042455 (England and Wales)

Financial Statements for the Period 25 October 2024 to 25 April 2026

for

Montgolfier Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTORS:

F Leleux

G E Malini

E Michon

D Mountain

Ms F Ponce

REGISTERED OFFICE:

21 Holborn Viaduct

London

EC1A 2DY

REGISTERED NUMBER:

16042455 (England and Wales)

AUDITORS:

CWF & Partners Ltd

Chartered Accountants and

Statutory Auditor

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

SOLICITORS:

Hogan Lovells International LLP

Atlantic House

Holborn Viaduct

London

EC1A 2FG

FIXED ASSETS

Investments

5

2,631,169

CURRENT ASSETS

Debtors

6

901,475

Cash at bank

306,771

1,208,246

CREDITORS

Amounts falling due within one year

7

10,201

NET CURRENT ASSETS

1,198,045

TOTAL ASSETS LESS CURRENT LIABILITIES

3,829,214

CAPITAL AND RESERVES

Called up share capital

8

1,000

Share premium

9

3,019,000

Retained earnings

9

809,214

SHAREHOLDERS' FUNDS

3,829,214

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 23 July 2026 and were signed on its behalf by:

D Mountain - Director

1.	STATUTORY INFORMATION

Montgolfier 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.

The financial statements are prepared in Pound Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Change of accounting period

During the period, the company changed its accounting reference date from October to April.

Accordingly, these financial statements cover the period from 25 October 2024 to 25 April 2026, being a period of 18 months.

The change in accounting reference date was made in order to align the company’s accounting reference date with that of its parent company and other companies within the group.

Preparation of consolidated financial statements

The financial statements contain information about Montgolfier Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments

The company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including cash and bank balances and intra-group balances, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at cost and amortised cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised costs, the impairment loss is measured as the difference between the asset's carrying amount and the present value of the estimated cash flow discounted at the asset's original effective interest rate.

(ii) Financial liabilities

Basic financial liabilities, including other creditors 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 receipts discounted at a market rate of interest.

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

Going concern

The directors have adopted the going concern basis of accounting in preparing the financial statements. The directors are satisfied that the company has sufficient reserves and access to the financial support necessary to meet working capital requirements and enable the company to remain operation existence for the foreseeable future.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

Cost

Additions

2,631,169

At 25 April 2026

2,631,169

Net book value

At 25 April 2026

2,631,169

The company's investments at the Balance sheet date in the share capital of companies include the following:

Name of company

Country of

Proportion of

Principal

incorporation

shares held

activity

Activity Gift Vouchers Limited

England & Wales

100%

Gift experiences

Picniq Limited *

England & Wales

100%

Family attractions tickets

* Held by subsidiary undertakings

On 5 November 2025, the company acquired 100% of the ordinary share capital in Activity Gift Vouchers Limited.

On 6 March 2026, Activity Gift Vouchers Limited acquired 100% of the ordinary share capital in Picniq Limited.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

901,475

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accruals and deferred income

10,201

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

£

560

A Preferred Ordinary

£1

560

45

B1 Ordinary

£1

45

320

B2 Ordinary

£1

320

30

B3 Ordinary

£1

30

45

B4 Ordinary

£1

45

1,000

The following fully paid shares were allocated during the period at a premium as shown below:

560 A Preferred Ordinary shares of £1 each at £5,000 per share.

45 B1 Ordinary shares at £1 each at £500 per share.

320 B2 Ordinary shares at £1 each at £500 per share.

30 B3 Ordinary shares at £1 each at £500 per share.

45 B4 Ordinary shares at £1 each £500 per share.

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

Profit for the period

809,214

809,214

Cash share issue

-

3,019,000

3,019,000

At 25 April 2026

809,214

3,019,000

3,828,214

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Georgios Georgiou (Senior Statutory Auditor)

for and on behalf of CWF & Partners Ltd

11.	RELATED PARTY TRANSACTIONS

At 25 April 2026, an amount of £901,475 (including interest of £1,475) was owed by Activity Gift Vouchers Limited. a subsidiary undertaking, at an interest of Sonia + 2.25% and was repayable on demand.

12.	PARENT UNDERTAKING

The immediate parent company is New Sensations Ventures Limited, a company incorporated in England & Wales.

SBG Financial Holdings DAC, is the parent undertaking of the smallest group which consolidates the financial information of the company. Copies of the consolidated financial statements may be obtained from 6th Floor, 2 Grand Canal Square, Dublin, Ireland.