ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: 15787616

ER PRODUCTIONS TRADING GROUP LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

ER PRODUCTIONS TRADING GROUP LIMITED

COMPANY INFORMATION

Directors	M E L Webber
	C A Morgan
	F C Lowry
	R K Hagan
	T T B Krailing (appointed 21 May 2026)
	S E Ledwidge (appointed 21 May 2026)


Company secretary	M E L Webber


Registered number	15787616


Registered office	Unit G, Panorama
	Bridge Close
	Dartford
	Kent
	DA2 6QP


Independent auditor	Barnes Roffe Audit Limited
	Chartered Accountants & Statutory Auditor
	Charles Lake House
	Claire Causeway
	Crossways Business Park
	Dartford
	Kent
	DA2 6QA

ER PRODUCTIONS TRADING GROUP LIMITED

CONTENTS

	Page
Group strategic report	1
Directors' report	2 - 3
Independent auditor's report	4 - 8
Consolidated statement of comprehensive income	9 - 10
Consolidated balance sheet	11 - 12
Company balance sheet	13
Consolidated statement of changes in equity	14 - 15
Company statement of changes in equity	16 - 17
Consolidated statement of cash flows	18 - 19
Notes to the financial statements	20 - 40

ER PRODUCTIONS TRADING GROUP LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

Introduction

The directors present their strategic report for the year ended 31 January 2026.

Business review

The group has continued to invest in equipment and new technology, both SFX rental fleet and manufacturing capability, and staffing to ensure the directors vision for growth is achievable. This vision of growth is driven not only by the demand in the UK but also in its core markets around the world. It continues to scale up its global locations to provide best-in-class service consistently at each location it serves and in tandem is progressively diversifying into other product areas. ER Productions ultimately aims to be the world's best SFX service provider.

The profit before tax for the year has increased to £1.33m from £1.02m in 2025. The directors however consider that EBITDA is a better measure of the company’s performance which generated £4.10m in the year (2025: £4.44m).

Principal risks and uncertainties

The group's principal risk relates to the status of the entertainment industry and the demand for tours. In addition the company is subject to fluctating foreign exhchange rates. The directors of the company continually monitor these risks.

Financial key performance indicators

As referred to in the Business review the key perfomance indicator used by the company is that of EBITDA along with turnover.

This report was approved by the board on 22 October 2026 and signed on its behalf.

M E L Webber

Director

Page 1

ER PRODUCTIONS TRADING GROUP LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

The directors present their report and the financial statements for the year ended 31 January 2026.

Directors' responsibilities statement

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation and minority interests, amounted to £939,089 (2025 - £279,987).

During the year dividends amounting to £760,000 (2025: £2,536,151) were voted.

Directors

The directors who served during the year were:

M E L Webber

C A Morgan

F C Lowry

R K Hagan

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company and the group's auditor is unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company and the group's auditor is aware of that information.

Page 2

ER PRODUCTIONS TRADING GROUP LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2026

Auditor

The auditor, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

M E L Webber

Director

Date: 22 October 2026

Page 3

ER PRODUCTIONS TRADING GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ER PRODUCTIONS TRADING GROUP LIMITED

Opinion

We have audited the financial statements of ER Productions Trading Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026, which comprise the Consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the group's and of the parent company's affairs as at 31 January 2026 and of the group's profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 4

ER PRODUCTIONS TRADING GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ER PRODUCTIONS TRADING GROUP LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Page 5

ER PRODUCTIONS TRADING GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ER PRODUCTIONS TRADING GROUP LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:

∙The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

∙We identified the laws and regulations applicable to the company through discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector;

∙The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows;
  o Companies Act 2006
  o FRS102
  o Health and Safety legislation
  o Employment legislation
  o Tax legislation

∙We assessed the compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes, inspecting certificates of compliance and inspecting legal correspondence; and

∙Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of non-compliance throughout the audit.

Page 6

ER PRODUCTIONS TRADING GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ER PRODUCTIONS TRADING GROUP LIMITED (CONTINUED)

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:

∙Making enquires of management as to where they consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud;

∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations

∙Reviewing the financial statements and testing the disclosures against supporting documentation;

∙Performing analytical procedures to identify any unusual or unexpected trends or anomalies;

∙Inspecting and testing journal entries to identify unusual or unexpected transactions;

∙Assessing whether judgement and assumptions made in determining significant accounting estimates were indicative of management bias; and

∙Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.

The areas that we identified as being susceptible to misstatement through fraud were:

∙Management bias in the estimates and judgements made;

∙Management override of controls;

∙Revenue recognition; and

∙Posting of unusual journals or transactions.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.

Page 7

ER PRODUCTIONS TRADING GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ER PRODUCTIONS TRADING GROUP LIMITED (CONTINUED)

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jamie Hall (Senior statutory auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants

Statutory Auditor

Charles Lake House

Claire Causeway

Crossways Business Park

Dartford

Kent

DA2 6QA

26 October 2026

Page 8

ER PRODUCTIONS TRADING GROUP LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JANUARY 2026

	Continuing operations	Discontin'd operations	Total	Continuing operations	Discontinued operations	Total
	2026	2026	2026	2025	2025	2025
Note	£	£	£	£	£	£


Turnover	4	27,339,580	-	27,339,580	18,734,943	320,420	19,055,363
Cost of sales		(20,448,137)	-	(20,448,137)	(12,133,273)	-	(12,133,273)
Gross profit		6,891,443	-	6,891,443	6,601,670	320,420	6,922,090
Administrative expenses		(5,296,815)	-	(5,296,815)	(3,963,935)	(35,600)	(3,999,535)
Exceptional administrative expenses		-	-	-	(895,963)	-	(895,963)
Operating profit	5	1,594,628	-	1,594,628	1,741,772	284,820	2,026,592
Profit/(loss) on disposal of investments		-	-	-	-	(608,565)	(608,565)
Interest receivable and similar income	9	22,201	-	22,201	11,293	-	11,293
Interest payable and similar expenses	10	(291,137)	-	(291,137)	(261,491)	(145,034)	(406,525)
Profit before taxation		1,325,692	-	1,325,692	1,491,574	(468,779)	1,022,795
Tax on profit	11	(367,238)	-	(367,238)	(666,895)	(34,926)	(701,821)
Profit for the financial year		958,454	-	958,454	824,679	(503,705)	320,974

Profit for the year attributable to:
Non-controlling interests	19,365	-	19,365	40,987	-	40,987
Owners of the parent company	939,089	-	939,089	783,692	(503,705)	279,987
	958,454	-	958,454	824,679	(503,705)	320,974

Page 9

ER PRODUCTIONS TRADING GROUP LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2026

	Continuing operations	Discontin'd operations	Total	Continuing operations	Discontinued operations	Total
	2026	2026	2026	2025	2025	2025
Note	£	£	£	£	£	£

Total comprehensive income for the year attributable to:
Non-controlling interest	19,365	40,987
Owners of the parent company	939,089	279,987
	958,454	320,974

There were no recognised gains and losses for 2026 or 2025 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2026 (2025:£NIL).

The notes on pages 20 to 40 form part of these financial statements.

Page 10

ER PRODUCTIONS TRADING GROUP LIMITED

REGISTERED NUMBER: 15787616

CONSOLIDATED BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	14		122,712		269,966
Tangible assets	15		9,215,067		7,848,690
			9,337,779		8,118,656
Current assets
Stocks	17	587,039		505,268
Debtors: amounts falling due within one year	18	1,997,041		2,369,810
Cash at bank and in hand	19	3,688,631		3,216,929
		6,272,711		6,092,007
Creditors: amounts falling due within one year	20	(3,721,317)		(2,620,509)
Net current assets			2,551,394		3,471,498
Total assets less current liabilities			11,889,173		11,590,154
Creditors: amounts falling due after more than one year	21		(3,954,315)		(3,900,000)
Provisions for liabilities
Deferred taxation	22		(1,788,926)		(1,390,518)
Net assets			6,145,932		6,299,636

Capital and reserves
Called up share capital	23	17,500,113	17,500,113
Share premium account		799,926	799,926
Merger reserve		(19,440,224)	(19,440,224)
Profit and loss account		7,230,529	7,357,230
Equity attributable to owners of the parent company		6,090,344	6,217,045
Non-controlling interests		55,588	82,591
		6,145,932	6,299,636

Page 11

ER PRODUCTIONS TRADING GROUP LIMITED

REGISTERED NUMBER: 15787616

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M E L Webber

Director

Date: 22 October 2026

The notes on pages 20 to 40 form part of these financial statements.

Page 12

ER PRODUCTIONS TRADING GROUP LIMITED

REGISTERED NUMBER: 15787616

COMPANY BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Investments	16		17,500,000		17,500,000
Current assets
Debtors: amounts falling due within one year	18	4,375,414		4,184,328
		4,375,414		4,184,328
Other creditors		(475,301)		(284,215)
Net current assets			3,900,113		3,900,113
Total assets less current liabilities			21,400,113		21,400,113

Creditors: amounts falling due after more than one year	21		(3,900,000)		(3,900,000)

Net assets			17,500,113		17,500,113

Capital and reserves
Called up share capital	23	17,500,113	17,500,113
		17,500,113	17,500,113

The financial statements were approved and authorised for issue by the board and were signed on its behalf by

M E L Webber

Director

Date: 22 October 2026

The notes on pages 20 to 40 form part of these financial statements.

Page 13


		ER PRODUCTIONS TRADING GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

	Called up share capital	Other reserve	Merger reserve	Profit and loss account	Equity attributable to owners of parent company	Non-controlling interests	Total equity
	£	£	£	£	£	£	£
At 1 February 2025	17,500,113	799,926	(19,440,224)	7,357,230	6,217,045	82,591	6,299,636

Profit for the year	-	-	-	939,089	939,089	19,365	958,454
Dividends: Equity capital	-	-	-	(750,599)	(750,599)	(9,401)	(760,000)
Acquisition of NCI	-	-	-	(315,191)	(315,191)	(36,967)	(352,158)
At 31 January 2026	17,500,113	799,926	(19,440,224)	7,230,529	6,090,344	55,588	6,145,932

The notes on pages 20 to 40 form part of these financial statements.

Page 14


		ER PRODUCTIONS TRADING GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

	Called up share capital	Other reserve	Revaluation reserve	Merger reserve	Profit and loss account	Equity attributable to owners of parent company	Non-controlling interests	Total equity
	£	£	£	£	£	£	£	£
At 1 February 2024	1,000	799,926	1,640,509	(20,501,791)	8,419,112	(9,641,244)	41,604	(9,599,640)

Profit for the year	-	-	-	-	279,987	279,987	40,987	320,974
Surplus on revaluation of freehold property	-	-	-	-	1,640,507	1,640,507	-	1,640,507
Dividends: Equity capital	-	-	-	-	(2,536,151)	(2,536,151)	-	(2,536,151)
Shares issued during the year	20,999,113	-	-	-	-	20,999,113	-	20,999,113
Shares cancelled during the year	(3,500,000)	-	-	-	-	(3,500,000)	-	(3,500,000)
Transfer to/from profit and loss account	-	-	(1,640,509)	-	-	(1,640,509)	-	(1,640,509)
Merger reserve arising during the year and acquisition of NCI	-	-	-	1,061,567	(446,225)	615,342	-	615,342
At 31 January 2025	17,500,113	799,926	-	(19,440,224)	7,357,230	6,217,045	82,591	6,299,636

The notes on pages 20 to 40 form part of these financial statements.

Page 15


		ER PRODUCTIONS TRADING GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 February 2025	17,500,113	-	17,500,113

Profit for the year	-	750,599	750,599
Dividends: Equity capital	-	(750,599)	(750,599)
At 31 January 2026	17,500,113	-	17,500,113

The notes on pages 20 to 40 form part of these financial statements.

Page 16


		ER PRODUCTIONS TRADING GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

	Called up share capital	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£
Comprehensive income for the year
Profit for the year	-	-	184,215	184,215
Taxation in respect of items of other comprehensive income	-	-	(3,500,000)	(3,500,000)
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(184,215)	(184,215)
Purchase of own shares	-	3,500,000	-	3,500,000
Shares issued during the year	21,000,113	-	-	21,000,113
Shares cancelled during the year	(3,500,000)	-	-	(3,500,000)
Transfer to/from profit and loss account	-	(3,500,000)	3,500,000	-
At 31 January 2025	17,500,113	-	-	17,500,113

The notes on pages 20 to 40 form part of these financial statements.

Page 17

ER PRODUCTIONS TRADING GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2026

			2026	2025
			£	£

Cash flows from operating activities
Profit for the financial year	958,454	320,974
Adjustments for:
Amortisation of intangible assets	147,254	147,254
Depreciation of tangible assets	2,379,156	2,106,161
Loss on disposal of tangible assets	(3,984)	158,608
Interest paid	291,137	406,525
Interest received	(22,201)	(11,293)
Taxation charge	367,238	701,821
(Increase) in stocks	(81,771)	(438,783)
Decrease in debtors	372,769	1,257,908
Increase in creditors	1,194,453	218,810
Corporation tax (paid)	(8,160)	(656,896)
Net cash generated from operating activities	5,594,345	4,211,089

Cash flows from investing activities
Purchase of tangible fixed assets	(3,761,779)	(2,705,749)
Sale of tangible fixed assets	20,230	-
Business combinations and disposals	-	192,680
Interest received	22,201	11,293
Acquisition of NCI	(352,158)	-
Net cash from investing activities	(4,071,506)	(2,501,776)

Page 18

ER PRODUCTIONS TRADING GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2026

		2026	2025
		£	£


Cash flows from financing activities
Issue of ordinary shares	-	113
New secured loans	-	4,000,000
Repayment of loans	-	(1,497,082)
Dividends paid	(750,599)	(2,536,151)
Interest paid	(291,137)	(406,525)
Dividends paid to non-controlling interests	(9,401)	-
Net cash used in financing activities	(1,051,137)	(439,645)
Net increase in cash and cash equivalents	471,702	1,269,668
Cash and cash equivalents at beginning of year	3,216,929	1,947,261
Cash and cash equivalents at the end of year	3,688,631	3,216,929

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	3,688,631	3,216,929
	3,688,631	3,216,929

The notes on pages 20 to 40 form part of these financial statements.

Page 19

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

ER Productions Trading Group Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Unit G Panorama, Bridge Close, Dartford, DA2 6QP. The principal activity of the company during the year has been that of a holding company and the principal activity of the group was that of provision of laser and pyro equipment and technical support to the leisure and entertainment industry.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires group management to exercise judgment in applying the group's accounting policies (see note 3).

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the company and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase and merger method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

ER Productions Trading Group Limited became the new parent of the existing ER Production Holdings Group and its subsidiaries as a result of a share for share exchange. For consolidation purposes, comparatives are presented as if the new group structure had always existed. Under merger accounting, no new goodwill arises, rather, the excess of consideration over net assets acquired is recognised as merger reserve. .

Therefore, the group continues to recognise a merger reserve which arose on a past business combination that was accounted for as a merger in accordance with UK GAAP as applied at that time.

Page 20

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

Page 21

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the group has transferred the significant risks and rewards of ownership to the buyer;

∙the group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the group will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the group will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 22

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.8

Pensions

Defined contribution pension plan

The group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the group pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the group in independently administered funds.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company and the group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the group but are presented separately due to their size or incidence.

Page 23

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:

Freehold property	-	10% Reducing balance
Plant and machinery	-	25% Reducing balance
Motor vehicles	-	25% Reducing balance
Fixtures and fittings	-	25% Reducing balance
Office equipment	-	25% Reducing balance

2.13

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 24

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.15

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.16

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.17

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the group's cash management.

2.18

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.19

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 25

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.20

Financial instruments

The group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's Balance sheet when the group 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 group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic 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 group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies 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.

2.21

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 26

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, the directors are required to make estimates and judgments. These estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant and reviewed on an ongoing basis.

Key estimates include:
1) Depreciation charges totalling £2,379,156 (2025: £2,106,161) which are further disclosed in note 2.12
2) Cost accrual estimates totalling £338,041 (2025: £228,500).
3) Amortisation charges totalling £147,254 (2025: £147,254) which are further disclosed in note 2.11

4.	Turnover
		2026	2025
		£	£

Sales and rent of equipment	27,339,580	19,028,483
Rental income	-	26,880
	27,339,580	19,055,363

Analysis of turnover by country of destination:

					2026	2025
					£	£

United Kingdom	17,417,504	11,759,825
Rest of Europe	1,911,441	1,142,658
Rest of the world	8,010,635	6,152,880
	27,339,580	19,055,363

Exchange differences	278,714	42,064
Other operating lease rentals	1,281,621	1,102,156
Depreciation	2,379,156	2,106,161

Page 27

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Fees payable to the company's auditor for the audit of the consolidated and parent company's financial statements	36,250	35,000
Fees payable to the company's auditor in respect of:
Taxation compliance services	10,000	10,000
All taxation advisory services not included above	17,500	15,000

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

		Group	Group
		2026	2025
		£	£


Wages and salaries	8,743,633	6,644,659
Social security costs	914,727	643,937
Cost of defined contribution scheme	102,387	79,658
	9,760,747	7,368,254

The average monthly number of employees, including the directors, during the year was as follows:

	Group	Group	Company	Company
	2026	2025	2026	2025
	No.	No.	No.	No.

Director	4	4	4	4
Employees	87	70	-	-

	91	74	4	4

Page 28

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

8.	Directors' remuneration
		2026	2025
		£	£

Directors' emoluments	519,551	236,934
Group contributions to defined contribution pension schemes	2,642	1,232
	522,193	238,166

	During the year retirement benefits were accruing to 2 directors (2025 - 2) in respect of defined contribution pension schemes.
	The highest paid director received remuneration of £260,062 (2025 - £117,989).
	The value of the group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £1,321 (2025 - £616).

9.	Interest receivable
		2026	2025
		£	£

	Other interest receivable	22,201	11,293
		22,201	11,293

10.	Interest payable and similar expenses
		2026	2025
		£	£

Bank interest payable	-	171,116
Other loan interest payable	281,552	209,502
Other interest payable	9,585	25,907
	291,137	406,525

Page 29

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Corporation tax
Current tax on profits for the year	20,254	280,436
Adjustments in respect of previous periods	(212,619)	7,979
	(192,365)	288,415
Foreign tax
Foreign tax on income for the year	161,195	145,904
Total current tax	(31,170)	434,319

	Deferred tax
	Origination and reversal of timing differences	398,408	267,502


		367,238	701,821

Page 30

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

11.Taxation (continued)

Profit on ordinary activities before tax

1,325,692

1,022,795

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 25%)	329,905	255,699
Effects of:
Non-tax deductible amortisation of goodwill and impairment	36,814	140,564
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	(1,277)	38,124
Capital allowances for year in excess of depreciation	(404,762)	(26,000)
Research & Development Claim	(104,901)	7,979
Deferred taxation	398,408	267,502
Differences on tax rates on foreign subsidiaries	(56,766)	(298,819)
Withholding tax	161,195	145,904
Unrelieved tax losses carried forward	48,921	20,868
Relief on overseas tax	(40,299)	-
Loss on disposal of investment	-	150,000
Total tax charge for the year	367,238	701,821

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

12.	Dividends
		2026	2025
		£	£

	Dividends	750,599	2,536,151
		750,599	2,536,151

Page 31

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

13.	Exceptional items
		2026	2025
		£	£

	Restructuring and American fraud costs	-	895,963
		-	895,963

14.	Intangible assets
	Group and Company

		Goodwill
		£
	Cost
	At 1 February 2025	736,270
	At 31 January 2026	736,270
	Amortisation
	At 1 February 2025	466,304
	Charge for the year on owned assets	147,254
	At 31 January 2026	613,558
	Net book value
	At 31 January 2026	122,712
	At 31 January 2025	269,966

Page 32

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

15.	Tangible fixed assets
	Group

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment
	£	£	£	£	£
Cost or valuation
At 1 February 2025	147,090	18,785,813	285,254	2,378,513	577,404
Additions	-	3,661,470	-	73,542	26,767
Disposals	-	(17,864)	(27,741)	-	-
At 31 January 2026	147,090	22,429,419	257,513	2,452,055	604,171
Depreciation
At 1 February 2025	-	12,516,276	145,286	1,369,141	294,681
Charge for the year on owned assets	35,417	1,983,735	34,507	256,928	68,569
Disposals	-	(3,817)	(25,542)	-	-
At 31 January 2026	35,417	14,496,194	154,251	1,626,069	363,250
Net book value
At 31 January 2026	111,673	7,933,225	103,262	825,986	240,921
At 31 January 2025	147,090	6,269,537	139,968	1,009,372	282,723

Page 33

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

15.Tangible fixed assets (continued)

		Total
		£
	Cost or valuation
	At 1 February 2025	22,174,074
	Additions	3,761,779
	Disposals	(45,605)
	At 31 January 2026	25,890,248
	Depreciation
	At 1 February 2025	14,325,384
	Charge for the year on owned assets	2,379,156
	Disposals	(29,359)
	At 31 January 2026	16,675,181
	Net book value
	At 31 January 2026	9,215,067
	At 31 January 2025	7,848,690

The net book value of land and buildings may be further analysed as follows:
	2026	2025
	£	£

Freehold	111,673	147,090
	111,673	147,090

Page 34

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

16.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 February 2025	17,500,000
	At 31 January 2026	17,500,000

Direct subsidiary undertaking
The following was a direct subsidiary undertaking of the company:
Name	Registered office	Class of shares	Holding

ER Productions Holdings Limited

(i)

Ordinary

100%

(i) Unit G, Panorama, Bridge Close, Dartford, Kent, DA26QP

	The aggregate of the share capital and reserves as at 31 January 2026 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:
	Name	Aggregate of share capital and reserves	Profit/(Loss)

ER Productions Holdings Limited

2,506,306

750,599

Indirect subsidiary undertakings
The following were indirect subsidiary undertakings of the company:
Name	Registered office	Class of shares	Holding

Mediashare Limited	(i)	Ordinary	98%
Explosive Solutions Group Limited	(i)	Ordinary	100%
ER Productions Europe SL	(ii)	Ordinary	100%
ER Productions Australia Pty	(iii)	Ordinary	100%
Mediashare Middle East Entertainment LLC	(iv)	Ordinary	100%
Pyrojunkies Limited	(i)	Ordinary	100%
Pyrowarehouse Limited	(i)	Ordinary	100%
ER Laser Productions Inc	(v)	Ordinary	100%
ER Productions Italia SRL	(vi)	Ordinary	100%

Page 35

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Indirect subsidiary undertakings (continued)

The aggregate of the share capital and reserves as at 31 January 2026 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
Name	Aggregate of share capital and reserves	Profit/(Loss)
	£	£

Mediashare Limited	5,192,143	947,830
Explosive Solutions Group Limited	110,214	2,786
ER Productions Europe SL	309,949	164,816
ER Productions Australia Pty	104,865	96,315
Mediashare Middle East Entertainment LLC	267,558	26,716
Pyrojunkies Limited	401,677	(3,709)
Pyrowarehouse Limited	100	-
ER Laser Productions Inc	368,154	(148,212)
ER Productions Italia SRL	(14,023)	(19)

(i) Unit G, Panorama, Bridge Close, Dartford, Kent, DA26QP
(ii) Company incorporated in Spain
(iii) Company incorporated in Australia
(iv) Company incorporated in the Kingdom of Saudi Arabia
(v) Company incorporated in the United States of America
(vi) Company incorporated in Italy

17.	Stocks
		Group	Group
		2026	2025
		£	£

Stock	587,039	505,268
	587,039	505,268

The difference between purchase price or production cost of stocks and their replacement cost is not material.

Page 36

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

18.

Debtors

Group	Group	Company	Company
2026	2025	2026	2025
£	£	£	£


Trade debtors	1,534,224	1,770,831	-	-
Amounts owed by group undertakings	-	-	4,375,314	4,184,228
Other debtors	218,071	126,297	100	100
Prepayments and accrued income	244,746	472,682	-	-
	1,997,041	2,369,810	4,375,414	4,184,328

19.	Cash and cash equivalents
		Group	Group
		2026	2025
		£	£

Cash at bank and in hand	3,688,631	3,216,929
Less: bank overdrafts	-	-
	3,688,631	3,216,929

20.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2026	2025	2026	2025
		£	£	£	£

Trade creditors	1,780,974	1,012,415	-	-
Corporation tax	31,960	257,112	-	-
Other taxation and social security	447,392	284,606	-	-
Other creditors	638,056	436,302	475,301	284,215
Accruals and deferred income	822,935	630,074	-	-
	3,721,317	2,620,509	475,301	284,215

Page 37

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

21.	Creditors: Amounts falling due after more than one year
		Group	Group	Company	Company
		2026	2025	2026	2025
		£	£	£	£

Other creditors	3,900,000	3,900,000	3,900,000	3,900,000
Accruals and deferred income	54,315	-	-	-
	3,954,315	3,900,000	3,900,000	3,900,000

Included within other creditors are balances amounting to £3,900,000 (2025: £3,900,000) which are secured by charges over certain assets of the Group.

22.	Deferred taxation
	Group

	2026	2025
	£	£

At beginning of year	(1,390,518)	(1,524,116)
Charged to profit or loss	(398,408)	(267,502)
Released on disposal of subsidiary	-	401,100
At end of year	(1,788,926)	(1,390,518)

Company

		2026	2025
	At end of year	-	-

The provision for deferred taxation is made up as follows:
	Group	Group
	2026	2025
	£	£

	Accelerated capital allowances	(1,788,926)	(1,390,518)
		(1,788,926)	(1,390,518)

Page 38

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

23.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

13,916,924 (2025 - 13,916,924) Ordinary Shares shares of £1.00000 each	13,916,924	13,916,924
3,583,176 (2025 - 3,583,176) Ordinary A shares shares of £1.00000 each	3,583,176	3,583,176
1,286,258 (2025 - 1,286,258) Ordinary B shares shares of £0.00001 each	13	13

	17,500,113	17,500,113

24.	Pension commitments

The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £102,387 (2025 - £79,658). Contributions totalling £19,554 (2025 - £14,226) were payable to the fund at the balance sheet date and are included in creditors.

25.	Commitments under operating leases
	At 31 January 2026 the group and the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group	Group
		2026	2025
		£	£

Not later than 1 year	544,583	201,150
Later than 1 year and not later than 5 years	1,968,267	-
	2,512,850	201,150

26.

Related party transactions

During the prior year under review, the group rendered services to a company under common control totalling £1,825,430. As at the balance sheet date for 31 January 2025 Mediashare Limited was owed £142,239 by this related party. During the prior year this company was fully acquired and is now included in the group.

As at the balance sheet date, the group owed £375,300 (2025: £246,510 owed to) to directors of the company.

As at the balance sheet date, the company owed £3,900,000 (2025: £3,900,000) to the shareholders of the company.

Page 39

ER PRODUCTIONS TRADING GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

27.	Controlling party

There is no one controlling party.

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