Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Ms D Clark 09/04/2019 Mr A Orchard 09/04/2019 24 January 2025 The principal activity of the company during the financial year was other letting and operating of own or leased real estate. 11934783 2024-09-30 11934783 bus:Director1 2024-09-30 11934783 bus:Director2 2024-09-30 11934783 2023-09-30 11934783 core:CurrentFinancialInstruments 2024-09-30 11934783 core:CurrentFinancialInstruments 2023-09-30 11934783 core:ShareCapital 2024-09-30 11934783 core:ShareCapital 2023-09-30 11934783 core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 11934783 core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 11934783 core:RetainedEarningsAccumulatedLosses 2024-09-30 11934783 core:RetainedEarningsAccumulatedLosses 2023-09-30 11934783 core:PlantMachinery 2023-09-30 11934783 core:FurnitureFittings 2023-09-30 11934783 core:PlantMachinery 2024-09-30 11934783 core:FurnitureFittings 2024-09-30 11934783 bus:OrdinaryShareClass1 2024-09-30 11934783 bus:OrdinaryShareClass2 2024-09-30 11934783 2023-10-01 2024-09-30 11934783 bus:FilletedAccounts 2023-10-01 2024-09-30 11934783 bus:SmallEntities 2023-10-01 2024-09-30 11934783 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11934783 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11934783 bus:Director1 2023-10-01 2024-09-30 11934783 bus:Director2 2023-10-01 2024-09-30 11934783 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 11934783 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 11934783 2022-10-01 2023-09-30 11934783 core:PlantMachinery 2023-10-01 2024-09-30 11934783 core:FurnitureFittings 2023-10-01 2024-09-30 11934783 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 11934783 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 11934783 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 11934783 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11934783 (England and Wales)

NUMBER NINE EXE LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

NUMBER NINE EXE LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

NUMBER NINE EXE LTD

BALANCE SHEET

As at 30 September 2024
NUMBER NINE EXE LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 42,849 51,045
Investment property 4 1,431,875 1,389,725
1,474,724 1,440,770
Current assets
Debtors 5 12,383 3,352
Cash at bank and in hand 5,057 16,184
17,440 19,536
Creditors: amounts falling due within one year 6 ( 1,278,993) ( 1,345,385)
Net current liabilities (1,261,553) (1,325,849)
Total assets less current liabilities 213,171 114,921
Provision for liabilities ( 54,455) ( 29,893)
Net assets 158,716 85,028
Capital and reserves
Called-up share capital 7 100 100
Fair value reserve 29,767 0
Profit and loss account 128,849 84,928
Total shareholders' funds 158,716 85,028

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Number Nine Exe Ltd (registered number: 11934783) were approved and authorised for issue by the Board of Directors on 24 January 2025. They were signed on its behalf by:

Ms D Clark
Director
Mr A Orchard
Director
NUMBER NINE EXE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
NUMBER NINE EXE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
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

Number Nine Exe Ltd (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 36 Southernhay East, Exeter, EX1 1NX, 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 £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companies activities. Turnover is shown net of value added tax , returns, rebates and discounts and after eliminating sales within the company.

Taxation


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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 10 years straight line
Fixtures and fittings 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 October 2023 73,354 8,564 81,918
At 30 September 2024 73,354 8,564 81,918
Accumulated depreciation
At 01 October 2023 27,055 3,818 30,873
Charge for the financial year 7,339 857 8,196
At 30 September 2024 34,394 4,675 39,069
Net book value
At 30 September 2024 38,960 3,889 42,849
At 30 September 2023 46,299 4,746 51,045

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 1,389,725
Additions 2,460
Fair value movement 39,690
As at 30 September 2024 1,431,875

There has been no valuation of investment property by an independent valuer. The properties have been valued by the directors.

5. Debtors

2024 2023
£ £
Trade debtors 10,200 1,200
Other debtors 2,183 2,152
12,383 3,352

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 1,300
Other taxation and social security 4,231 3,563
Other creditors 1,274,762 1,340,522
1,278,993 1,345,385

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100