Registration number: 04855266

Mark Price Entertainment Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Mark Price Entertainment Ltd

(Registration number: 04855266)
Balance Sheet as at 30 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,893	5,887
Current assets
Stocks	5	200	-
Debtors	6	7,137	15,269
Cash at bank and in hand		2,791	1,424
		10,128	16,693
Creditors: Amounts falling due within one year	7	(11,806)	(7,364)
Net current (liabilities)/assets		(1,678)	9,329
Total assets less current liabilities		2,215	15,216
Provisions for liabilities		(1,545)	(1,723)
Net assets		670	13,493
Capital and reserves
Called up share capital		2	2
Retained earnings		668	13,491
Shareholders' funds		670	13,493

For the financial year ending 30 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Mark Price Entertainment Ltd

(Registration number: 04855266)
Balance Sheet as at 30 August 2025

Approved and authorised by the Board on 21 August 2026 and signed on its behalf by:
 

......................................... E Price-Holden Director

Mark Price Entertainment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 Springfield Gardens
Dawlish
South Devon
EX7 0RQ
England

These financial statements were authorised for issue by the Board on 21 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Mark Price Entertainment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call 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 of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Mark Price Entertainment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Mark Price Entertainment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 31 August 2024	3,500	51,133	54,633
Additions	-	1,637	1,637
Disposals	-	(43,813)	(43,813)
At 30 August 2025	3,500	8,957	12,457
Depreciation
At 31 August 2024	2,319	46,427	48,746
Charge for the year	295	931	1,226
Eliminated on disposal	-	(41,408)	(41,408)
At 30 August 2025	2,614	5,950	8,564
Carrying amount
At 30 August 2025	886	3,007	3,893
At 30 August 2024	1,181	4,706	5,887

5

Stocks

	2025 £	2024 £
Other inventories	200	-

6

Debtors

Current	2025 £	2024 £
Other debtors	7,137	15,269
	7,137	15,269

7

Creditors

Creditors: amounts falling due within one year

Mark Price Entertainment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

	2025 £	2024 £
Due within one year
Taxation and social security	7,770	4,964
Accruals and deferred income	4,036	2,400
	11,806	7,364

8	Related party transactions

Transactions with directors

2025	At 31 August 2024 £	Advances to director £	Repayments by director £	At 30 August 2025 £
M Price-Holden
Directors Loan Account	7,634	19,269	(23,333)	3,569
E Price-Holden
Directors Loan Account	7,634	19,269	(23,333)	3,569

2024	At 1 September 2023 £	Advances to director £	Repayments by director £	At 30 August 2024 £
M Price-Holden
Directors Loan Account	(746)	12,126	(3,746)	7,634
E Price-Holden
Directors Loan Account	(746)	12,126	(3,746)	7,634