FKP Scorpio Entertainment Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—6

1. General Information

FKP Scorpio Entertainment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10511234 . The registered office is 61 Billy Lows Lane, Potters Bar, EN6 1UX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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 £.

2.2. Going Concern Disclosure

These financial statements are prepared on the going concern basis. Based on the support extended by the parent company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In forming this view, the directors have taken account of the formal letter of support received from the parent company, which confirms its intention to provide such financial assistance as is required to enable the company to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. The group has a strong financial position and has previously demonstrated its commitment by providing funding and settling certain liabilities on behalf of the company.

Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover arising from events is recognised at the point the event to which it relates takes place. Amounts received in advance of an event taking place are held as deferred income within creditors and released to turnover in the period the event occurs. Where an event has taken place but income has not yet been invoiced or received, an accrual is made to recognise turnover in the correct period.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Office Equipment	20% on cost
Computer Equipment	20% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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FKP Scorpio Entertainment Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.8. Foreign Currencies

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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FKP Scorpio Entertainment Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.10. Finance cost

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

2.11. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.12. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and bank.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Office Equipment	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	268,201	2,383	3,271	273,855
Additions	2,309,427	4,731	1,429	2,315,587
Disposals	(268,201 )	-	-	(268,201 )

As at 31 December 2025	2,309,427	7,114	4,700	2,321,241

Depreciation
As at 1 January 2025	13,410	477	1,195	15,082
Provided during the period	388,443	1,423	940	390,806
Disposals	(13,410 )	-	-	(13,410 )

As at 31 December 2025	388,443	1,900	2,135	392,478

Net Book Value
As at 31 December 2025	1,920,984	5,214	2,565	1,928,763

As at 1 January 2025	254,791	1,906	2,076	258,773

5. Stocks

	2025	2024
	£	£
Stock	24,126	-

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FKP Scorpio Entertainment Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	294,078	58,199
Prepayments and accrued income	1,265,727	1,299,592
Other debtors	467	46,553
Corporation tax recoverable assets	-	75,929
Deferred tax current asset	-	97,827
Called up share capital not paid	100	100
Amounts owed by group undertakings	264,048	35,120

	1,824,420	1,613,320

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	192,578	-
Trade creditors	1,956,376	505,773
Corporation tax	21,474	-
Other taxes and social security	25,051	22,048
VAT	43,620	101,710
Accruals	1,235,959	2,160,998
Other creditors.	8,127	496,286
Deferred income	72,636	1,259,358
Pension payable	5,294	28,850
Credit card payable	-	5,554
Amounts owed to group undertakings	-	288,513

	3,561,115	4,869,090

The finance lease is secured against the asset to which it relates.

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	192,578	-

9. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

10. Ultimate Parent Undertaking and Controlling Party

The immediate parent company is FKP Scorpio Konzertproduktionen GmbH. The parent undertaking of the smallest group for which the consolidated financial statements are drawn up at the statement of financial position date is CTS Eventim AG & Co. KGaA . The registered address is Rablstr. 26, 81669 Munich, Germany.

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FKP Scorpio Entertainment Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Audit Information

The auditor's report on the accounts of FKP Scorpio Entertainment Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Stephen Grayson (Senior Statutory Auditor) for and on behalf of Cooper Parry Group Limited, St James Building, 79 Oxford Street, Manchester, M1 6HT , Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,928,763		258,773

			1,928,763		258,773
CURRENT ASSETS
Stocks	5	24,126		-
Debtors	6	1,824,420		1,613,320
Cash at bank and in hand		1,757,271		2,695,280

		3,605,817		4,308,600
Creditors: Amounts Falling Due Within One Year	7	(3,561,115 )		(4,869,090 )

NET CURRENT ASSETS (LIABILITIES)			44,702		(560,490 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,973,465		(301,717 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(482,191 )		-

NET ASSETS/(LIABILITIES)			1,491,274		(301,717 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			1,491,174		(301,817 )

SHAREHOLDERS' FUNDS			1,491,274		(301,717)