ACCOUNTS - Final Accounts

Registered number: 05085639

SPIE EUROPE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

SPIE EUROPE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

REGISTERED NUMBER:05085639

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


CURRENT ASSETS
Debtors: amounts falling due after more than one year	3	194,945		371,400
Debtors: amounts falling due within one year	3	531,656		554,954
Cash at bank and in hand		398,457		251,438
		1,125,058		1,177,792
Creditors: amounts falling due within one year	4	(494,302)		(669,352)
NET CURRENT ASSETS			630,756		508,440
TOTAL ASSETS LESS CURRENT LIABILITIES			630,756		508,440
Creditors: amounts falling due after more than one year	5		(161,415)		(344,175)

NET ASSETS			469,341		164,265

CAPITAL AND RESERVES
Other reserves	1,623,091	1,497,238
Profit and loss account	(1,153,750)	(1,332,973)
	469,341	164,265

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

B Ferguson

Director

Date: 29 July 2026

The notes on pages 2 to 4 form part of these financial statements.

Page 1

SPIE EUROPE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

SPIE Europe Limited is a company limited by guarantee incorporated in England and Wales. The registered office is 2 Alexandra Gate, Ffordd Pengam, Cardiff, CF24 2SA.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The financial statements are prepared in Sterling which is the functional currency of the company.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of one year from the date of approval of the financial statements.

The company is in net asset position of £469,341 at year end (2024: £164,265), however, the company is dependent on the continued financial support of its parent company to enable it to continue operations. The parent company has expressed a willingness to continue to provide financial support to the company for the foreseeable future and these financial statements have therefore been prepared on the going concern basis.

2.3

TURNOVER

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

2.4

FOREIGN CURRENCY TRANSLATION

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income statement.

2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

SPIE EUROPE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	DEBTORS
		2025	2024
		£	£

DUE AFTER MORE THAN ONE YEAR
Prepayments and accrued income	194,945	371,400
	194,945	371,400

					2025	2024
					£	£

DUE WITHIN ONE YEAR
Trade debtors	1,378	15,803
Amounts owed by group undertakings	-	497,805
Prepayments and accrued income	530,278	41,346
	531,656	554,954

4.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Amounts owed to group undertakings	254,004	639,794
Accruals and deferred income	240,298	29,558
	494,302	669,352

Page 3

SPIE EUROPE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

Accruals and deferred income	161,415	344,175
	161,415	344,175


6.	COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

RELATED PARTY TRANSACTIONS

At the year end the company was owed £NIL by The Society of Photo-Optical Instrumentation Engineers, its parent company (2024: £497,805). The parent company charged SPIE Europe Limited a management fee of £78,459 (2024 £91,121).

During the year £61,229 (2024: £58,467) was paid to K. Burger a director of the company as remuneration for her management services.

During the year £125,853 (2024: £Nil) was paid to the company by the parent as a permanent capital contribution which has been credited to reserves.

At the year end the company owed SPIE Events Europe Limited, a fellow subsidiary of the parent company £254,004 (2024: 639,794).

During the year expenses were paid for 3 directors totalling £10,487 (2024: £8,020).

8.	CONTROLLING PARTY

The parent company is The Society of Photo-Optical Instrumentation Engineers, a company incorporated in the United States of America. There is no ultimate controlling party.

9.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 30 July 2026 by Chris Trantham MA FCA (Senior Statutory Auditor) on behalf of Bishop Fleming Audit Limited.

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