REGISTERED NUMBER: 11071903 (England and Wales)

SBC EVENTS & MEDIA LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D G Knight

R Sojmark

REGISTERED OFFICE:

2nd Floor

212 New Kings Road

London

SW6 4NZ

REGISTERED NUMBER:

11071903 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

CURRENT ASSETS

Debtors

4

2,120,842

698,906

Cash at bank

308,253

2,916,704

2,429,095

3,615,610

CREDITORS

Amounts falling due within one year

5

1,215,631

1,952,187

NET CURRENT ASSETS

1,213,464

1,663,423

TOTAL ASSETS LESS CURRENT LIABILITIES

1,213,464

1,663,423

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

1,213,364

1,663,323

SHAREHOLDERS' FUNDS

1,213,464

1,663,423

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:

D G Knight - Director

1.	STATUTORY INFORMATION

SBC Events & Media 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's parent company. In the opinion of the director, the company has the support of its parent company for a period of no less than twelve months from the date of approval of these financial statements and it is therefore appropriate to adopt the going concern policy.

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

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgements that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable

Revenue

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

Turnover is recognised when it is probable that economic benefits will flow to the company and the amount of revenue can be measured reliably, based on the following:

Turnover from events, together with event sponsorship, ticket sales and stand build, is recognised when the event is held, with advance receipts recognised as deferred income in the balance sheet until the events take place. Cancellation revenue is also included in "turnover".

Advertising revenue is recognised on publication or over the period of the online display. Subscription revenue arising from subscriptions to directories is recognised evenly over the period of the subscription.

All other media revenue is recognised when the performance obligations detailed in the associated contract have been fulfilled.

Where agreements include multiple elements, consideration is allocated to each element based on relative value, and revenue is recognised as the services are delivered.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

715,606

656,365

Amounts owed by group undertakings

1,269,893

-

Other debtors

135,343

42,541

2,120,842

698,906

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,629

1,477

Amounts owed to group undertakings

259,063

1,729,757

Taxation and social security

18,975

34,839

Other creditors

930,964

186,114

1,215,631

1,952,187

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Hassan Behcet (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in FRS102 Section 33.1A from the requirement to disclose the transactions between two or more members of the group for all members that are wholly owned

subsidiaries of the ultimate parent company.

As at the year end, SBC Advisory Partners Limited, a subsidiary within the group that has a 44% non-controlling interest, owes £13,606 (2024: £Nil) to SBC Events & Media Limited. The amount due is unsecured and interest free.

As at the year end, SBC Advisory Partners Limited, a subsidiary within the group that has a 44% non-controlling interest, was charged a management fee of £26 (2024: £Nil). The transactions were conducted on normal commercial terms and conditions.

Management determined that an intercompany receivable balance of £6,967 was no longer recoverable and accordingly agreed to impair the balance. The balance was due from Esports Insider Limited, a subsidiary within the group that has a 10% non-controlling interest.