Registration number: 05681465

Maverick Venue Management Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Maverick Venue Management Limited

Company Information

Directors

Mr H E Weldon Mrs A L Weldon

Company secretary

Mrs A L Weldon

Registered office

Prestwold Hall Prestwold Loughborough Leicestershire LE12 5SQ

Accountants

Rafton Associates Ltd 8 Woodland Close Markfield Leicestershire LE67 9QH

Maverick Venue Management Limited

(Registration number: 05681465)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	3,767	15,067
Tangible assets	5	408,786	490,604
		412,553	505,671
Current assets
Stocks	6	50,100	49,835
Debtors	7	602,658	626,735
Cash at bank and in hand		161,899	53,433
		814,657	730,003
Creditors: Amounts falling due within one year	8	(1,080,090)	(1,033,230)
Net current liabilities		(265,433)	(303,227)
Total assets less current liabilities		147,120	202,444
Creditors: Amounts falling due after more than one year	8	(98,004)	(139,271)
Provisions for liabilities		(39,519)	(36,944)
Net assets		9,597	26,229
Capital and reserves
Called up share capital	9	132	132
Share premium reserve		99,968	99,968
Retained earnings		(90,503)	(73,871)
Shareholders' funds		9,597	26,229

Maverick Venue Management Limited

(Registration number: 05681465)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 and 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.

Approved and authorised by the Board on 8 June 2026 and signed on its behalf by:
 

......................................... Mr H E Weldon Director

Maverick Venue Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
Prestwold Hall
Prestwold
Loughborough
Leicestershire
LE12 5SQ

These financial statements were authorised for issue by the Board on 8 June 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

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 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.

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.

Maverick Venue Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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
Plant and machinery	25% reducing balance basis
Fixtures, fittings and equipment	20% reducing balance basis
Motor vehicles	25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line basis

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.

Maverick Venue Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 95 (2024 - 107).

Maverick Venue Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	226,000	226,000
At 31 December 2025	226,000	226,000
Amortisation
At 1 January 2025	210,933	210,933
Amortisation charge	11,300	11,300
At 31 December 2025	222,233	222,233
Carrying amount
At 31 December 2025	3,767	3,767
At 31 December 2024	15,067	15,067

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	959,492	187,950	1,147,442
Additions	24,493	-	24,493
At 31 December 2025	983,985	187,950	1,171,935
Depreciation
At 1 January 2025	553,804	103,034	656,838
Charge for the year	85,082	21,229	106,311
At 31 December 2025	638,886	124,263	763,149
Carrying amount
At 31 December 2025	345,099	63,687	408,786
At 31 December 2024	405,688	84,916	490,604

6

Stocks

	2025 £	2024 £
Other inventories	50,100	49,835

Maverick Venue Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	103,158	110,653
Prepayments	16,074	18,979
Other debtors	483,426	497,103
	602,658	626,735

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	41,267	36,840
Trade creditors		73,103	89,112
Taxation and social security		74,867	188,522
Accruals and deferred income		53,877	64,772
Other creditors		836,976	653,984
		1,080,090	1,033,230

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	98,004	139,271

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A Shares of £0.01 each	10,000	100	10,000	100
Ordinary B Shares of £0.01 each	3,157	32	3,157	32
	13,157	132	13,157	132

Maverick Venue Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	98,004	139,271

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	41,267	36,840

Bank borrowings

Funding Circle Loan is denominated in £ with a nominal interest rate of 11.40%, and the final instalment is due on 31 December 2028. The carrying amount at year end is £139,271 (2024 - £176,111).

Maverick Venue Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

11	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Mr H E Weldon
Monies have been loaned to the directors at an annual interest rate of 3.75%	173,041	240,488	(548,212)	(134,683)

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Mr H E Weldon
Monies have been loaned to the directors at an annual interest rate of 3.75%	215,884	108,155	(150,998)	173,041

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	100,200	210,991

Maverick Venue Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Dividends paid to directors

		2025 £		2024 £
Mr H E Weldon
Interim and final dividends		-		-
Mrs A L Weldon
Interim and final dividends		-		-

Summary of transactions with entities with joint control or significant interest

Maverick Hotels & Inns Ltd Mr & Mrs Weldon jointly own all of the share capital of Maverick Hotels & Inns Ltd and jointly own all of the share capital of Maverick Venue Management Ltd.
Maverick Venue Management Ltd provides an interest free loan to Maverick Hotels & Inns Ltd.
Maverick Venue Management Ltd has also provided services to Maverick Hotels & Inns Ltd during the year amounting to £120,000 (2025: £120,000).

Loans to related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	263,491	263,491
Advanced	155,476	155,476
At end of period	418,967	418,967

2024	Entities with joint control or significant influence £	Total £
At start of period	249,216	249,216
Advanced	14,275	14,275
At end of period	263,491	263,491