Company No: 05310930 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	5,500,000		5,500,000
Investments	4	3,971,370		3,750,115
		9,471,370		9,250,115
Current assets
Debtors
- due within one year	5	86,534		131,908
- due after more than one year	5	54,009		59,942
Cash at bank and in hand		2,595,642		2,341,021
		2,736,185		2,532,871
Creditors: amounts falling due within one year	6	( 492,932)		( 446,991)
Net current assets		2,243,253		2,085,880
Total assets less current liabilities		11,714,623		11,335,995
Provision for liabilities	7	( 373,942)		( 355,361)
Net assets		11,340,681		10,980,634
Capital and reserves
Called-up share capital	8	3,000		3,000
Share premium account		4,295,155		4,295,155
Revaluation reserve		1,144,978		1,083,332
Profit and loss account		5,897,548		5,599,147
Total shareholder's funds		11,340,681		10,980,634

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Banquets Holdings Limited (registered number: 05310930) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A E C Silver Director

19 November 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Banquets Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £1.

Turnover

Turnover comprises rental income and other recoveries from tenants of the company's investment properties net of value added tax. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment income

Investment income is recognised when receivable and the amount can be measured reliably. This is normally when the investment managers are notified of the dividends declared and notification has been received of the dividend due.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial assets and liabilities are offset and 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.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	6		2

3. Investment property

	Investment property
	£
Valuation
As at 01 August 2024	5,500,000
As at 31 July 2025	5,500,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	5,756,654		5,756,654

The 2025 valuations were made by the directors, on an open market value for existing use basis.

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 August 2024	1
At 31 July 2025	1
Carrying value at 31 July 2025	1
Carrying value at 31 July 2024	1

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 August 2024	3,750,114		3,750,114
Additions	331,899		331,899
Disposals	( 190,875)		( 190,875)
Movement in fair value	80,231		80,231
At 31 July 2025	3,971,369		3,971,369
Carrying value at 31 July 2025	3,971,369		3,971,369
Carrying value at 31 July 2024	3,750,114		3,750,114

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Amounts owed by parent undertakings	2,000		2,000
Prepayments and accrued income	82,058		127,432
Other debtors	2,476		2,476
	86,534		131,908
Debtors: amounts falling due after more than one year
Accrued income	54,009		59,942

Amounts due from parent undertakings are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals and deferred income	342,583		276,528
Other taxation and social security	95,747		119,463
Other creditors	54,602		51,000
	492,932		446,991

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 355,361)		( 327,327)
Charged to the Profit and Loss Account	( 18,581)		( 28,034)
At the end of financial year	( 373,942)		( 355,361)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Revaluation of fixed asset investments	( 373,942)		( 355,361)

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
3,000 Ordinary shares of £ 1.00 each	3,000		3,000

9. Related party transactions

Where possible, the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.