Profound Decisions Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Profound Decisions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 4945345 . The registered office is 105 Garstang Road, Preston, PR1 1LD.

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.

2.2. Going Concern Disclosure

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

At 31 December 2025 the company had net current liabilities of £190,615. Included within creditors due within one year is deferred income of approximately £224,542 representing advance ticket sales received in respect of events to be held after the year end. The associated income will be recognised in future periods as the events take place.

The director has reviewed the company's cash flow forecasts, expected trading performance and the anticipated costs associated with future events. Having considered the level of advance bookings and the cash resources available to the company and expected future operating cash inflows, the director has a reasonable expectation that the company will have sufficient funds to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements.

Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Income relating to any specific events is only recognised upon the event taking place. Any amounts received relating to future events which are held at the reporting date are recorded as deferred income and are included within other creditors in the accounts.

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:

Leasehold	10% reducing balance
Plant & Machinery	25%/10% reducing balance
Motor Vehicles	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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Profound Decisions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Taxation

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

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

2.8. Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

2.9. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

2.10. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to

be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 7)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 January 2025	131,105	272,895	35,357	439,357
Additions	-	242,281	-	242,281

As at 31 December 2025	131,105	515,176	35,357	681,638

...CONTINUED

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Profound Decisions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	78,725	238,276	19,508	336,509
Provided during the period	5,238	22,650	3,962	31,850

As at 31 December 2025	83,963	260,926	23,470	368,359

Net Book Value
As at 31 December 2025	47,142	254,250	11,887	313,279

As at 1 January 2025	52,380	34,619	15,849	102,848

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	2,640
Additions	1,200,000

As at 31 December 2025	1,202,640

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1,202,640

As at 1 January 2025	2,640

During the year the company subscribed for and was allotted ordinary shares in Unknown Worlds Limited for consideration of £1,200,000. At 31 December 2025 the subscription consideration remained unpaid. The amount is included within creditors falling due after more than one year as the subsidiary is not entitled to demand settlement within twelve months of the balance sheet date. Unknown Worlds Limited is registered in England and Wales under registration number 12332709 and the company holds 50.04% of the ordinary share capital along with the voting rights of the subsidiary.

6. Stocks

	2025	2024
	£	£
Stock	40,000	45,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	51,439	11,133
Amounts owed by participating interests	2	2
Other debtors	45,879	28,068

	97,320	39,203

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Profound Decisions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2	18,685
Bank loans and overdrafts	67,812	10,126
Other creditors	267,877	193,511
Taxation and social security	4,332	9,702

	340,023	232,024

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	93,568	13,502
Other creditors	1,181,000	-

	1,274,568	13,502

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

During the period the company transferred an interest free loan of £69,000 to a subsidiary company in which the company had a controlling shareholding. This amount remained outstanding along with a previous advance of £2 from 2024 and is shown within Amounts owed by participating interests in these accounts. This loan is interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		313,279		102,848
Investments	5		1,202,640		2,640

			1,515,919		105,488
CURRENT ASSETS
Stocks	6	40,000		45,000
Debtors	7	97,320		39,203
Cash at bank and in hand		43,151		84,351

		180,471		168,554
Creditors: Amounts Falling Due Within One Year	8	(340,023 )		(232,024 )

NET CURRENT ASSETS (LIABILITIES)			(159,552 )		(63,470 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,356,367		42,018

Creditors: Amounts Falling Due After More Than One Year	9		(1,274,568 )		(13,502 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(45,974 )		(9,999 )

NET ASSETS			35,825		18,517

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			35,725		18,417

SHAREHOLDERS' FUNDS			35,825		18,517