Volks Brighton Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15644394

VOLKS BRIGHTON LTD

FILLETED FINANCIAL STATEMENTS

31 December 2025

VOLKS BRIGHTON LTD

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	510,722	–
Tangible assets	6	99,056	–
		----------	----
		609,778	–

Current assets

Stocks		4,004	–
Debtors	7	116,016	–
Cash at bank and in hand		38,163	1
		----------	----
		158,183	1

Creditors: amounts falling due within one year	8	101,353		–
		----------		----
Net current assets			56,830	1
			----------	----
Total assets less current liabilities			666,608	1
			----------	----
Net assets			666,608	1
			----------	----

Capital and reserves

Called up share capital	100	1
Share premium account	649,900	–
Profit and loss account	16,608	–
	----------	----
Shareholders funds	666,608	1
	----------	----

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 comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

VOLKS BRIGHTON LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

M J J McKeown

Director

Company registration number: 15644394

VOLKS BRIGHTON LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Hat Factory, 166-168 Camden Street, London, NW1 9PT.

2. Statement of compliance

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

Going concern

At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 14 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Shop lease	-	over 5 years
Club lease	-	over 14 years
Fixtures and fittings	-	over 10 years
Equipment	-	over 3 years

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: Nil).

5. Intangible assets

	Goodwill
	£
Cost
Additions	–
Acquisitions through business combinations	550,008
	----------
At 31 December 2025	550,008
	----------
Amortisation
Charge for the year	39,286
	----------
At 31 December 2025	39,286
	----------
Carrying amount
At 31 December 2025	510,722
	----------
At 31 December 2024	–
	----------

6. Tangible assets

	Shop lease	Shop lease	Fixtures and fittings	Equipment	Leasehold improvements	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2025	–	–	–	–	–	–
Additions	6,000	43,996	49,996	975	6,272	107,239
	-------	---------	---------	----	-------	----------
At 31 Dec 2025	6,000	43,996	49,996	975	6,272	107,239
	-------	---------	---------	----	-------	----------
Depreciation
At 1 Jan 2025	–	–	–	–	–	–
Charge for the year	1,089	2,522	4,166	406	–	8,183
	-------	---------	---------	----	-------	----------
At 31 Dec 2025	1,089	2,522	4,166	406	–	8,183
	-------	---------	---------	----	-------	----------
Carrying amount
At 31 Dec 2025	4,911	41,474	45,830	569	6,272	99,056
	-------	---------	---------	----	-------	----------
At 31 Dec 2024	–	–	–	–	–	–
	-------	---------	---------	----	-------	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	71,571	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	17,489	–
Other debtors	26,956	–
	----------	----
	116,016	–
	----------	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	11,390	–
Trade creditors	27,503	–
Corporation tax	4,067	–
Social security and other taxes	31,901	–
Other creditors	26,492	–
	----------	----
	101,353	–
	----------	----

9. Summary audit opinion

The auditor's report dated 16 October 2026 was unqualified .

The senior statutory auditor was Christopher Taylor , for and on behalf of Adler Shine LLP .

10. Related party transactions

As at 31 December 2025, Volks Brighton Ltd was owed £17,489 by Apex Festival Services Ltd.

11. Controlling party

The company is a 60% subsidiary of Joy Entertainment Group Limited, a company registered in England and Wales. The registered office of Joy Entertainment Group Limited is 168 Church Road, Hove, East Sussex, BN3 2DL. The ultimate controlling party is ATC Events Ltd through its control of Joy Entertainment Group Limited.