The Prentice and Seabright Cups Ltd 31/12/2025 iXBRL

Company registration number: 14138327

The Prentice and Seabright Cups Ltd

Company limited by guarantee

Unaudited filleted financial statements

31 December 2025

The Prentice and Seabright Cups Ltd

Company limited by guarantee

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

The Prentice and Seabright Cups Ltd

Company limited by guarantee

Directors and other information


Directors	Nicholas Adams
	Mark George
	Ivan Griffin
	Philippa Raphael	(Resigned 25 May 2026)
	James Seddon


Company number	14138327


Registered office	Vaughan Chambers
	Vaughan Road
	Harpenden
	AL5 4EE


Accountants	Hicks and Company
	Chartered Accountants
	Vaughan Chambers
	Vaughan Road
	Harpenden
	AL5 4EE

The Prentice and Seabright Cups Ltd

Company limited by guarantee

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of The Prentice and Seabright Cups Ltd

Year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Prentice and Seabright Cups Ltd for the year ended 31 December 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of The Prentice and Seabright Cups Ltd, as a body, in accordance with the terms of our engagement letter dated 3 September 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Prentice and Seabright Cups Ltd and state those matters that we have agreed to state to the board of directors of The Prentice and Seabright Cups Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Prentice and Seabright Cups Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that The Prentice and Seabright Cups Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Prentice and Seabright Cups Ltd. You consider that The Prentice and Seabright Cups Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Prentice and Seabright Cups Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

21 September 2026

The Prentice and Seabright Cups Ltd

Company limited by guarantee

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	5	378,441		331,046
		_______		_______
			378,441		331,046

Current assets
Cash at bank and in hand		63,319		49,683
		_______		_______
		63,319		49,683
Creditors: amounts falling due
within one year	6	( 900)		( 1,080)
		_______		_______
Net current assets			62,419		48,603
			_______		_______
Total assets less current liabilities			440,860		379,649

			_______		_______
Net assets			440,860		379,649
			_______		_______

Capital and reserves
Profit and loss account			440,860		379,649
			_______		_______
Members funds			440,860		379,649
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 21 September 2026 , and are signed on behalf of the board by:

Nicholas Adams

Director

Company registration number: 14138327

The Prentice and Seabright Cups Ltd

Company limited by guarantee

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Tour income consists of sponsorship income and donations and is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Taxation

The company has applied to HM Revenue and Customs to be a not for profit company and as such no tax liability would arise for the year ended 31 December 2025.

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.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

4. Limited by guarantee

The company is limited by guarantee and has no share capital. In the event of a winding up, every member has undertaken to contribute a sum not exceeding £1. At 31 December 2025 the number of members was 10 (31 December 2024 - 10).

5. Investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 1 January 2025	331,046	331,046
Additions	19,415	19,415
Revaluations	27,980	27,980
	_______	_______
At 31 December 2025	378,441	378,441
	_______	_______
Impairment
At 1 January 2025 and 31 December 2025	-	-
	_______	_______
Carrying amount
At 31 December 2025	378,441	378,441
	_______	_______
At 31 December 2024	331,046	331,046
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	900	1,080
	_______	_______