TIXTRACK (EUROPE) LTD - Filleted accounts

Registered number

10320628

TIXTRACK (EUROPE) LTD

Unaudited Filleted Accounts

31 December 2025

TIXTRACK (EUROPE) LTD
Registered number:		10320628
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		13,958			7,952

Current assets
Debtors	4	1,815,209			469,839
Cash at bank and in hand		1,088,233			910,043
		2,903,442			1,379,882

Creditors: amounts falling due within one year	5	(1,273,527)			(621,754)

Net current assets			1,629,915			758,128

Total assets less current liabilities			1,643,873			766,080


Provisions for liabilities			(3,500)			(2,000)


Net assets			1,640,373			764,080

Capital and reserves
Called up share capital			10			10
Profit and loss account			1,640,363			764,070

Shareholder's funds			1,640,373			764,080

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




H L Parker
Director
Approved by the board on 11 September 2026

TIXTRACK (EUROPE) LTD
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance changed to 33% straight line during the year

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Financial instruments
	Financial instruments are recognised in the Company's Balance Sheet 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
	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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		18		20


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2025				20,030
	Additions				14,006
	Disposals				(15,084)
	At 31 December 2025				18,952

	Depreciation
	At 1 January 2025				12,078
	Charge for the year				2,908
	On disposals				(9,992)
	At 31 December 2025				4,994

	Net book value
	At 31 December 2025				13,958
	At 31 December 2024				7,952


4	Debtors		2025		2024
£				£

	Trade debtors		366,081		385,073
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		1,399,930		-
	Other debtors		49,198		84,766
			1,815,209		469,839


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		7,792		18,049
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		58,104		91,427
	Taxation and social security costs		747,602		254,125
	Other creditors		460,029		258,153
			1,273,527		621,754


6	Other financial commitments		2025		2024
£				£

	Total future minimum payments under non-cancellable operating leases		21,000		19,206


7	Related party transactions

	The company has taken advantage of the exemption from disclosing related party transactions with other members of the Tixtrack Inc group as it is a wholly owned subsidiary of Tixtrack Inc.


8	Ultimate parent company

	The company's parent undertaking is Tixtrack Inc, a company incorporated in Delaware, USA. The controlling party is Mr J L Nederlander.


9	Other information

	TIXTRACK (EUROPE) LTD is a private company limited by shares and incorporated in England. Its registered office is:
	St Botolph Building
	138 Houndsditch
	London
	EC3 7AR

	The company's business address is Suite 2.01, 42 Tavistock Street, London WC2E 7PB.