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REGISTERED NUMBER: 04403040 (England and Wales)

| STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| IMPERIAL CORPORATE EVENTS |

| LIMITED |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 5 |

Income Statement | 9 |

Other Comprehensive Income | 10 |

Balance Sheet | 11 |

Statement of Changes in Equity | 12 |

Cash Flow Statement | 13 |

Notes to the Cash Flow Statement | 14 |

Notes to the Financial Statements | 15 |

IMPERIAL CORPORATE EVENTS

LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr PL Frisby

| Mrs A Hope-Richardson

| Mr RJ Poutch

| Mr DP Thompson

| REGISTERED OFFICE: | Floor 3 Mercury Place

| 11 St. George Street

| Leicester

| LE1 1QG

| REGISTERED NUMBER: | 04403040 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Mark Harrison BA FCA

| AUDITORS: | Mark J Rees LLP Chartered Accountants

| and Statutory Auditors

| Granville Hall

| Granville Road

| Leicester

| LE1 7RU

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Board of Directors are pleased to present Imperial Corporate Event Limited Strategic Report for the financial year ending 31st December 2025.

REVIEW OF BUSINESS

In 2025, Imperial experienced a slight revenue decline when compared to the strong performance of 2024, which had benefited from the fulfilment of deferred events originally scheduled during the pandemic years of 2020 and 2021. Despite a challenging macroeconomic environment, marked by geopolitical conflict, persistent inflation and elevated interest rate, the business demonstrated resilience. Encouragingly, new sales bookings continued to grow, supporting a healthy and secure order book for events scheduled into 2026 and 2027.

Imperial continues to build upon the strategic priorities established following the comprehensive review undertaken in late 2024. The business remains focused on continuous operational improvement, strengthening its value proposition, and enhancing the overall client experience. Ongoing emphasis has also been placed on the disciplined monitoring of financial performance and key business metrics to support informed decision-making. These initiatives have contributed to improved organisational resilience, greater agility in responding to market conditions, and the continued delivery of sustainable long-term growth.

PRINCIPAL RISKS AND UNCERTAINTIES

In assessing risks and identifying opportunities for future-proofing and sustainable growth, Imperial continued to invest in its people, systems, training, software development, and customer experience enhancement throughout 2025 and 2026. The Directors believe these investments will contribute to our long-term success.

Overall, the Directors have full confidence in Imperial's trajectory of growth and success, prioritising sound financial management, cash flow optimisation, and strategic investments to support our organisational objectives and ensure long-term sustainability. Looking ahead, the Board remains vigilant amid the prevailing cost-of-living crisis. Nevertheless, we maintain confidence in the resilience, prospects, and sustainability of our business model.

KEY PERFORMANCE INDICATORS

The key performance indicators of trade are presented in the table below.

KPI's |  |  | 2025 |  | 2024 |  |

Turnover |  |  | £15.5m |  | £15.6m |  |

Operating Profit / (Loss) before tax, Depreciation & Amortisation |  |  | £1,995k |  | £1,797k |  |

Shareholders' Funds |  |  | £2,722k |  | £1,238k |  |

ON BEHALF OF THE BOARD:

Mrs A Hope-Richardson - Director

14 July 2026

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the sale of corporate hospitality packages.

DIVIDENDS

During the year, dividends totalling £nil (2024 - £1,062,156) were paid to shareholders.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr PL Frisby

Mrs A Hope-Richardson

Mr RJ Poutch

Mr DP Thompson

Other changes in directors holding office are as follows:

Mr GM Foston - resigned 18 September 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

AUDITORS

The auditors, Mark J Rees LLP Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs A Hope-Richardson - Director

14 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

IMPERIAL CORPORATE EVENTS

LIMITED

Opinion

We have audited the financial statements of Imperial Corporate Events Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

IMPERIAL CORPORATE EVENTS

LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

IMPERIAL CORPORATE EVENTS

LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISA's (UK).

We obtained an understanding of the legal and regulatory frameworks applicable to the company and industry in which it operates through our general commercial experience. We determined that the following laws and regulations were most significant: FRS 102, Companies Act 2006 and the relevant tax compliance regulations in the UK. In addition, we concluded that there are certain laws and regulations that may have an effect in the determination of the amounts and disclosures in the financial statements such as health and safety and employee related matters.

We enquired of management concerning the company's policies and procedures relating to:

- the identification and compliance with laws and regulations;

- the detection and response to the risks of fraud;

- the internal controls inherent within the company to mitigate fraud risk and non-compliance to laws and regulations.

We enquired of management, whether they were aware of any instance of non-compliance with laws and regulations or whether they had any knowledge of actual, suspected or alleged fraud.

We communicated relevant laws and regulations and potential areas of fraud to all audit team members including the potential for fraud in revenue recognition. We remained alert to any indications of fraud or non compliance with laws and regulations throughout the audit.

We have determined that the principal risk areas where material irregularities could occur were related to posting manual journal entries to manipulate financial performance, revenue recognition, and significant one-off or unusual transactions.

Our audit procedures were designed to respond in particular to these identified risks (including non compliance with laws and regulations and fraud).

Our audit procedures included but were not limited to:

- substantive testing on the deferred income agreeing items to event details to ensure revenue is recognised in the correct period with specific work looking at the cut off around year end.

- testing manual journal entries and other adjustments to supporting documentation to ensure correctly dealt with.

- review of prepaid costs on hospitality packages to ensure released into the profit & loss account in the correct period with specific work looking at the cut off around year end.

We did not identify any matters during the course of our work that indicated non-compliance with laws and regulations or relating to fraud.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

IMPERIAL CORPORATE EVENTS

LIMITED

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the 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 company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Harrison BA FCA (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

10 August 2026

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

INCOME STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 15,535,342 |  | 15,568,810 |  |

Cost of sales | 11,147,001 |  | 11,540,725 |  |

GROSS PROFIT | 4,388,341 |  | 4,028,085 |  |

Administrative expenses | 2,955,471 |  | 2,678,151 |  |

1,432,870 |  | 1,349,934 |  |

Other operating income | 497,094 |  | 371,302 |  |

OPERATING PROFIT | 5 | 1,929,964 |  | 1,721,236 |  |

Interest receivable and similar income | 23,009 |  | 20,344 |  |

PROFIT BEFORE TAXATION | 1,952,973 |  | 1,741,580 |  |

Tax on profit | 6 | 469,471 |  | 503,365 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,483,502 |  | 1,238,215 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,483,502 |  | 1,238,215 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,483,502 |  | 1,238,215 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | 18,989 |  | 44,146 |  |

Tangible assets | 9 | 2,656 |  | 5,940 |  |

21,645 |  | 50,086 |  |

CURRENT ASSETS

Debtors | 10 | 12,556,059 |  | 9,903,793 |  |

Cash at bank and in hand | 894,431 |  | 986,051 |  |

13,450,490 |  | 10,889,844 |  |

CREDITORS

Amounts falling due within one year | 11 | 10,746,597 |  | 9,691,155 |  |

NET CURRENT ASSETS | 2,703,893 |  | 1,198,689 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,725,538 |  | 1,248,775 |  |

PROVISIONS FOR LIABILITIES | 14 | 3,720 |  | 10,459 |  |

NET ASSETS | 2,721,818 |  | 1,238,316 |  |

CAPITAL AND RESERVES

Called up share capital | 15 | 60 |  | 60 |  |

Capital redemption reserve | 16 | 40 |  | 40 |  |

Retained earnings | 16 | 2,721,718 |  | 1,238,216 |  |

SHAREHOLDERS' FUNDS | 2,721,818 |  | 1,238,316 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Mrs A Hope-Richardson - Director

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 60 |  | 1,062,157 |  | 40 |  | 1,062,257 |  |

Changes in equity

Dividends | - |  | (1,062,156 | ) | - |  | (1,062,156 | ) |

Total comprehensive income | - |  | 1,238,215 |  | - |  | 1,238,215 |  |

Balance at 31 December 2024 | 60 |  | 1,238,216 |  | 40 |  | 1,238,316 |  |

Changes in equity

Total comprehensive income | - |  | 1,483,502 |  | - |  | 1,483,502 |  |

Balance at 31 December 2025 | 60 |  | 2,721,718 |  | 40 |  | 2,721,818 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | (632,885 | ) | 920,579 |  |

Tax paid | (646,778 | ) | (388,586 | ) |

Net cash from operating activities | (1,279,663 | ) | 531,993 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (997 | ) | (32,100 | ) |

Purchase of tangible fixed assets | (13,100 | ) | (14,185 | ) |

Interest received | 23,009 |  | 20,344 |  |

Net cash from investing activities | 8,912 |  | (25,941 | ) |

Cash flows from financing activities

Amount introduced by directors | 1,174,880 |  | 485,372 |  |

Amount withdrawn by directors | - |  | 498,799 |  |

Equity dividends paid | - |  | (1,062,156 | ) |

Net cash from financing activities | 1,174,880 |  | (77,985 | ) |

(Decrease)/increase in cash and cash equivalents | (95,871 | ) | 428,067 |  |

Cash and cash equivalents at beginning of year | 2 | 981,325 |  | 553,258 |  |

Cash and cash equivalents at end of year | 2 | 885,454 |  | 981,325 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,952,973 |  | 1,741,580 |  |

| Depreciation charges | 42,243 |  | 56,037 |  |

| Finance income | (23,009 | ) | (20,344 | ) |

1,972,207 |  | 1,777,273 |  |

| Increase in trade and other debtors | (3,199,450 | ) | (609,438 | ) |

| Increase/(decrease) in trade and other creditors | 594,358 |  | (247,256 | ) |

| Cash generated from operations | (632,885 | ) | 920,579 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 894,431 |  | 986,051 |  |

| Bank overdrafts | (8,977 | ) | (4,726 | ) |

885,454 |  | 981,325 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 986,051 |  | 558,425 |  |

| Bank overdrafts | (4,726 | ) | (5,167 | ) |

981,325 |  | 553,258 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 986,051 |  | (91,620 | ) | 894,431 |  |

| Bank overdrafts | (4,726 | ) | (4,251 | ) | (8,977 | ) |

981,325 |  | (95,871 | ) | 885,454 |  |

| Total | 981,325 |  | (95,871 | ) | 885,454 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Imperial Corporate Events 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| 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 £.

| Related party exemption

| 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.

| Significant judgements and estimates

| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Going concern disclosure

| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover is realised when the event takes place, and therefore any monies received prior to the event is deferred and realised when it takes place.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of either three or five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | Straight line over the period of lease

| Fixtures and fittings | - | 20% on cost

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS102 to all of its financial instruments.

| Financial Instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with 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.

| Taxation

| Taxation for the year 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 year 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Corporate hospitality packages | 15,535,342 |  | 15,568,810 |  |

15,535,342 |  | 15,568,810 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 15,535,342 |  | 15,568,810 |  |

15,535,342 |  | 15,568,810 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | EMPLOYEES AND DIRECTORS

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Wages and salaries |  |  | 3,120,620 |  | 3,149,536 |  |

| Social security costs |  |  | 346,389 |  | 333,247 |  |

| Other pension costs |  | 170,114 |  | 273,023 |  |

|  | 3,637,123 |  | 3,755,806 |  |

| The average number of employees during the year was as follows: |  |

|  | 2025 |  | 2024 |  |

| Directors |  |  | 4 |  | 5 |  |

| Staff |  | 60 |  | 68 |  |

|  | 64 |  | 74 |  |

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Director' remuneration |  |  | 468,511 |  | 486,206 |  |

| Directors' pension contributions to money purchase schemes |  | 129,741 |  | 231,981 |  |

| The number of directors to whom retirement benefits were accruing was as follows: |  |  |

| Money purchase schemes |  | 3 |  | 3 |  |

| Information regarding the highest paid director is as follows: |  |

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Emoluments etc |  |  | 124,347 |  | 156,000 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Other operating leases | 126,200 |  | 147,471 |  |

| Depreciation - owned assets | 16,384 |  | 24,437 |  |

| Computer software amortisation | 26,154 |  | 31,601 |  |

| Auditors remuneration | 25,200 |  | 24,000 |  |

| Foreign exchange differences | (3,895 | ) | (5,705 | ) |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 476,210 |  | 446,424 |  |

| Prior year

| UK corporation tax | - |  | 59,001 |  |

| Total current tax | 476,210 |  | 505,425 |  |

| Deferred taxation | (6,739 | ) | (2,060 | ) |

| Tax on profit | 469,471 |  | 503,365 |  |

| UK corporation tax has been charged at 25% (2024 - 25%).

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,952,973 |  | 1,741,580 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 488,243 |  | 435,395 |  |

| Effects of:

| Expenses not deductible for tax purposes | 15,141 |  | 9,044 |  |

| Capital allowances in excess of depreciation | (944 | ) | (75 | ) |

| Adjustments to tax charge in respect of previous periods | - |  | 59,001 |  |

| Group relief | (32,969 | ) | - |  |

| Total tax charge | 469,471 |  | 503,365 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary A shares of £1 each

| Interim | - |  | 1,062,156 |  |

8. | INTANGIBLE FIXED ASSETS

| Computer

| software

£ |

| COST

| At 1 January 2025 | 132,242 |  |

| Additions | 997 |  |

| At 31 December 2025 | 133,239 |  |

| AMORTISATION

| At 1 January 2025 | 88,096 |  |

| Amortisation for year | 26,154 |  |

| At 31 December 2025 | 114,250 |  |

| NET BOOK VALUE

| At 31 December 2025 | 18,989 |  |

| At 31 December 2024 | 44,146 |  |

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | and |

| leasehold |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 202,175 |  | 258,511 |  | 460,686 |  |

| Additions | - |  | 13,100 |  | 13,100 |  |

| At 31 December 2025 | 202,175 |  | 271,611 |  | 473,786 |  |

| DEPRECIATION

| At 1 January 2025 | 202,175 |  | 252,571 |  | 454,746 |  |

| Charge for year | - |  | 16,384 |  | 16,384 |  |

| At 31 December 2025 | 202,175 |  | 268,955 |  | 471,130 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 2,656 |  | 2,656 |  |

| At 31 December 2024 | - |  | 5,940 |  | 5,940 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 167,672 |  | 395,800 |  |

| Bad debt provision | (4,520 | ) | - |  |

| Amounts owed by group undertakings | 3,717,734 |  | - |  |

| Other debtors | 431,896 |  | 406,218 |  |

| Directors' current accounts | - |  | 1,174,880 |  |

| VAT | 149,820 |  | 716 |  |

| Prepayments and accrued income | 8,093,457 |  | 7,926,179 |  |

12,556,059 |  | 9,903,793 |  |

11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 12) | 8,977 |  | 4,726 |  |

| Trade creditors | 3,675,694 |  | 2,839,373 |  |

| Amounts owed to group undertakings | 1,659,633 |  | - |  |

| Amounts owed to associates | - |  | 1,032,232 |  |

| Taxation | 79,856 |  | 250,424 |  |

| Paye/Ni payable | 121,172 |  | 107,535 |  |

| Other creditors | 81,444 |  | 105,944 |  |

| Accruals and deferred income | 5,119,821 |  | 5,350,921 |  |

10,746,597 |  | 9,691,155 |  |

12. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 8,977 |  | 4,726 |  |

13. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 143,270 |  | 143,270 |  |

| Between one and five years | 573,080 |  | 573,080 |  |

| In more than five years | 370,114 |  | 513,384 |  |

1,086,464 |  | 1,229,734 |  |

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

14. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 3,720 |  | 10,459 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 10,459 |  |

| Movement during the year | (6,739 | ) |

| Balance at 31 December 2025 | 3,720 |  |

15. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 60 | Ordinary A | £1 | 60 |  | 60 |  |

16. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2025 | 1,238,216 |  | 40 |  | 1,238,256 |  |

| Profit for the year | 1,483,502 |  | 1,483,502 |  |

| At 31 December 2025 | 2,721,718 |  | 40 |  | 2,721,758 |  |

17. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the year end an amount of £9,058 (2024 - £25,782) related to outstanding contributions.

| During the year the charge to profit or loss in respect of defined contribution schemes was £170,114 (2024 - £273,023).

IMPERIAL CORPORATE EVENTS

LIMITED (REGISTERED NUMBER: 04403040)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

18. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| Mr GM Foston

| Balance outstanding at start of year | 389,174 |  | 685,116 |  |

| Amounts repaid | (389,174 | ) | (295,942 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 389,174 |  |

| Mr PL Frisby

| Balance outstanding at start of year | 93,000 |  | 282,429 |  |

| Amounts repaid | (93,000 | ) | (189,429 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 93,000 |  |

| Mr RJ Poutch

| Balance outstanding at start of year | 692,706 |  | 282,355 |  |

| Amounts advanced | - |  | 410,351 |  |

| Amounts repaid | (692,706 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 692,706 |  |

| Amounts owed from the directors of £nil (2024 - £1,174,880) relate to unsecured interest free loans.

19. | RELATED PARTY DISCLOSURES

| During the year, a total of key management personnel compensation of £ 655,194 (2024 - £ 773,979 ) was paid.

| The company considers key management personnel to comprise the directors. The remuneration of directors is disclosed in Note 4.

20. | ULTIMATE CONTROLLING PARTY

| The controlling party is Imperial Corporate Events Limited.

| The ultimate controlling party is Rockpool Investments LLP.

| The company is included within the consolidated financial statements of Cube 123 Topco Limited and copies of these can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.