Judy Lane ICS Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10227153 (England and Wales)

JUDY LANE ICS LIMITED

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Report of the Directors

2

Statement of Financial Position

4

Notes to the Financial Statements

5

DIRECTORS:

M Posch

REGISTERED OFFICE:

7 St Georges Yard

Castle Street

Farnham

Surrey

GU9 7LW

REGISTERED NUMBER:

10227153 (England and Wales)

AUDITORS:

Bevan Buckland Audit Ltd

Chartered Accountants

& Statutory Auditors

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

ACCOUNTANTS:

Yates & Co (Accountants) Limited

7 St Georges Yard

Castle Street

Farnham

Surrey

GU9 7LW

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 international conference services.

DIRECTORS

M Posch has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

I R V Mackay - resigned 31 December 2025

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing 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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

The auditor, Bevan Buckland Audit Ltd, previously traded through the legal entity Bevan Buckland LLP, Following a restructure and regulatory changes, Bevan Buckland LLP ceased to hold an audit registration with the engagement transitioning to Bevan Buckland Audit Ltd.

AUDITORS

The auditors, Bevan Buckland Audit Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M Posch - Director

11 August 2026

FIXED ASSETS

Intangible assets

4

23,333

58,333

Tangible assets

5

2,692

2,434

26,025

60,767

CURRENT ASSETS

Debtors

6

239,661

367,249

Cash at bank

389,286

404,003

628,947

771,252

CREDITORS

Amounts falling due within one year

7

158,013

298,310

NET CURRENT ASSETS

470,934

472,942

TOTAL ASSETS LESS CURRENT
LIABILITIES

496,959

533,709

CAPITAL AND RESERVES

Called up share capital

350

Share premium

349,654

Retained earnings

146,955

183,705

496,959

533,709

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 11 August 2026 and were signed on its behalf by:

M Posch - Director

1.	STATUTORY INFORMATION

Judy Lane ICS 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.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Commission sales are based on accommodation management services and are invoiced on a hotel commission basis.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Computer equipment

-

33% straight line

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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.

Going concern

The directors consider that there are no material uncertainties about the company's ability to continue as a going concern.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Debt instruments (other than 'those wholly repayable or receivable within one year'), include loan's and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short term loan not at market rate, the financial asset or liability is measured initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract. Financial assets and liabilities are off set and the net amount reported in the Balance Sheet when there is an 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.

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.

Creditors

Short term creditors are measured at 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.

Interest income

Interest income is recognised when receivable and can be measured reliably by the company which is normally upon notification of the interest paid or payable by the bank.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

350,000

AMORTISATION

At 1 January 2025

291,667

Amortisation for year

35,000

At 31 December 2025

326,667

NET BOOK VALUE

At 31 December 2025

23,333

At 31 December 2024

58,333

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

6,735

Additions

2,165

At 31 December 2025

8,900

DEPRECIATION

At 1 January 2025

4,301

Charge for year

1,907

At 31 December 2025

6,208

NET BOOK VALUE

At 31 December 2025

2,692

At 31 December 2024

2,434

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

110,271

77,409

Amounts owed by group undertakings

-

123,651

Other debtors

6,543

5,101

Prepayments and accrued income

58,782

81,036

Accrued income

64,065

80,052

239,661

367,249

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

23,428

20,946

Amounts owed to group undertakings

11,195

-

Social security and other taxes

15,048

35,291

Other creditors

7,244

5,904

Accruals and deferred income

101,098

236,169

158,013

298,310

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

The Report of the Auditors was unqualified.

Alun Evans (Senior Statutory Auditor)

for and on behalf of Bevan Buckland Audit Ltd

9.	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 company's immediate parent undertaking is International Conference Services Limited. International Conference Services Limited was incorporated in Canada.

International Conference Services Limited is the ultimate controlling party of the group.

International Conference Services Limited (the parent undertaking) controls 100% of the shares of Judy Lane ICS Limited. Amounts owed to the parent undertaking are disclosed in note 8 of the accounts. The amount owing in note 8 is wholly payable to the parent undertaking.

Copies of the group accounts may be obtained from the secretary, 710 - 1201 West Pender Street Vancouver BC V6E2V2.