Existem Events Limited

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

1. General Information

Existem Events Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06532206 . The registered office is 1 Victoria Street, Bristol, BS1 6AA.

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. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

The company acquired a domain name in 2024 for £3,176. The domain name is amortised to the profit and loss account over its estimated economic life of 10 years.

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:

Plant & Machinery	Straight line at 25%
Motor Vehicles	Reducing balance at 30%

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Existem Events Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2024: 21)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	3,176

As at 31 December 2025	3,176

Amortisation
As at 1 January 2025	291
Provided during the period	318

As at 31 December 2025	609

Net Book Value
As at 31 December 2025	2,567

As at 1 January 2025	2,885

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2025	33,944	110,863	144,807
Additions	6,298	-	6,298
Disposals	(11,530 )	-	(11,530 )

As at 31 December 2025	28,712	110,863	139,575

Depreciation
As at 1 January 2025	12,358	39,079	51,437
Provided during the period	9,218	21,535	30,753
Disposals	(9,438 )	-	(9,438 )

As at 31 December 2025	12,138	60,614	72,752

...CONTINUED

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Existem Events Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	16,574	50,249	66,823

As at 1 January 2025	21,586	71,784	93,370

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	434,785	177,806
Other debtors	167,989	216,237

	602,774	394,043
Due after more than one year
Other debtors	12,096	12,096

	614,870	406,139

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	69,754	104,099
Other creditors	772,701	618,919
Taxation and social security	213,696	214,160

	1,056,151	937,178

8. Share Capital

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

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	75,000	72,000
Later than one year and not later than five years	12,600	12,000

	87,600	84,000

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Existem Events Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Related Party Transactions

M Wood

Director

At the end of the financial year the Company owed its Director £160,137 (2024: £248,107). This loan is unsecured, interest free and repayable on demand.

Existem Ltd (registered company no.꞉ 04631982)

Parent Company

At the end of the financial year the amount the Company was owed by its Parent Company was £10,163 (2024: £0)

11. Ultimate Controlling Party

The ultimate parent company is Existem Ltd, a company registered in England and Wales (registration number 04631982), by virtue of its 100% shareholding of Existem Events Ltd.

The ultimate controlling party is M Wood by virtue of his 100% shareholding of Existem Ltd.

12. Share based payments

The company operates an equity-settled share option scheme for certain employees. Under the scheme, eligible employees have been granted options to acquire ordinary shares in the company, subject to the satisfaction of the applicable vesting conditions.

The options are measured at fair value at the date of grant and the resulting expense is recognised over the vesting period, with a corresponding credit recognised within equity.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,567		2,885
Tangible Assets	5		66,823		93,370

			69,390		96,255
CURRENT ASSETS
Debtors	6	614,870		406,139
Cash at bank and in hand		1,394,175		1,125,979

		2,009,045		1,532,118
Creditors: Amounts Falling Due Within One Year	7	(1,056,151 )		(937,178 )

NET CURRENT ASSETS (LIABILITIES)			952,894		594,940

TOTAL ASSETS LESS CURRENT LIABILITIES			1,022,284		691,195

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,003 )		(23,343 )

NET ASSETS			1,003,281		667,852

CAPITAL AND RESERVES
Called up share capital	8		100		100
Other reserves			12,821		-
Profit and Loss Account			990,360		667,752

SHAREHOLDERS' FUNDS			1,003,281		667,852