ACCOUNTS - Final Accounts

Registered number: 05099292

SPIE EVENTS EUROPE LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

SPIE EVENTS EUROPE LIMITED

REGISTERED NUMBER:05099292

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

FIXED ASSETS
Intangible assets	3		343,859		215,275
Tangible assets	4		688		2,335
			344,547		217,610
CURRENT ASSETS
Debtors: amounts falling due within one year	5	434,647		725,973
Cash at bank and in hand		110,819		57,165
		545,466		783,138
Creditors: amounts falling due within one year	6	(226,588)		(123,231)
NET CURRENT ASSETS			318,878		659,907
TOTAL ASSETS LESS CURRENT LIABILITIES			663,425		877,517

NET ASSETS			663,425		877,517

CAPITAL AND RESERVES
Called up share capital	1	1
Other reserves	5,469,585	5,209,531
Profit and loss account	(4,806,161)	(4,332,015)
	663,425	877,517

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 statement of comprehensive income 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 6 form part of these financial statements.

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SPIE EVENTS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

SPIE Events Europe Limited is a limited liability company 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 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 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

INTANGIBLE ASSETS

All intangible assets are considered to have a finite useful life and amortisation is charged on a straight line basis over five years.

2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

				Computer equipment	-	straight line over 3 years
				Booth	-	straight line over 5 years

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SPIE EVENTS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.6

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.

2.7

IMPAIRMENT OF FIXED ASSETS AND GOODWILL

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

2.8

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.

2.9

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.

2.10

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.

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SPIE EVENTS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3.	INTANGIBLE ASSETS

	Patents	Development expenditure	Goodwill	Total
	£	£	£	£
COST
At 1 January 2025	135,812	215,275	554,973	906,060
Additions	-	128,584	-	128,584
At 31 December 2025	135,812	343,859	554,973	1,034,644
AMORTISATION
At 1 January 2025	135,812	-	554,973	690,785
At 31 December 2025	135,812	-	554,973	690,785
NET BOOK VALUE
At 31 December 2025	-	343,859	-	343,859
At 31 December 2024	-	215,275	-	215,275

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SPIE EVENTS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	TANGIBLE FIXED ASSETS

	Computer equipment	Other fixed assets	Total
	£	£	£
COST OR VALUATION
At 1 January 2025	11,493	5,323	16,816
Additions	-	688	688
At 31 December 2025	11,493	6,011	17,504
DEPRECIATION
At 1 January 2025	9,158	5,323	14,481
Charge for the year on owned assets	2,335	-	2,335
At 31 December 2025	11,493	5,323	16,816
NET BOOK VALUE
At 31 December 2025	-	688	688
At 31 December 2024	2,335	-	2,335

DEBTORS

					2025	2024
					£	£


Trade debtors	15,162	16,162
Amounts owed by group undertakings	254,003	639,794
Other debtors	9,335	33,286
Prepayments and accrued income	156,147	36,731
	434,647	725,973

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

Accruals and deferred income	226,588	123,231
	226,588	123,231

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SPIE EVENTS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

RELATED PARTY TRANSACTIONS

At the year end the company owed The Society of Photo-Optical Instrumentation Engineers, its parent company £NIL (2024 £NIL). The parent company charged SPIE Events Europe Limited a management fee of £112,602 (2024: £56,038).

During the year £260,054 (2024: £763,555) 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 was owed by SPIE Europe Limited, a fellow subsidiary of the parent company £ 254,003 (2024: £ 639,794).

During the year expenses were paid for 3 directors totalling £ 15,699 (2024: £ 4,550).

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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