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REGISTERED NUMBER: 15187638 (England and Wales)



Audited Financial Statements for the Period 4 October 2023 to 31 December 2023

for

Exceed Merchants Wharf Limited

Exceed Merchants Wharf Limited (Registered number: 15187638)

Contents of the Financial Statements
for the Period 4 October 2023 to 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


Exceed Merchants Wharf Limited

Company Information
for the Period 4 October 2023 to 31 December 2023







DIRECTORS: B Mellor
M Parsons



REGISTERED OFFICE: Studio 3 Bridge Street Studios
62 Bridge Street
Manchester
United Kingdom
M3 3BW



REGISTERED NUMBER: 15187638 (England and Wales)



SENIOR STATUTORY AUDITOR: Alan Kaye FCA



AUDITORS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Exceed Merchants Wharf Limited (Registered number: 15187638)

Statement of Financial Position
31 December 2023

Notes £   
FIXED ASSETS
Investment property 4 70,985

CURRENT ASSETS
Cash at bank 981

CREDITORS
Amounts falling due within one year 5 (101,141 )
NET CURRENT LIABILITIES (100,160 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,175

)

CAPITAL AND RESERVES
Called up share capital 6 1
Retained earnings 7 (29,176 )
SHAREHOLDERS' FUNDS (29,175 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





B Mellor - Director


Exceed Merchants Wharf Limited (Registered number: 15187638)

Notes to the Financial Statements
for the Period 4 October 2023 to 31 December 2023


1. STATUTORY INFORMATION

Exceed Merchants Wharf Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprises cash on hand and all deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to and insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities of the company does not have an unconditional right at the end of the reporting period to refer settlements of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlements for at least twelve months after the reporting date they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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


Exceed Merchants Wharf Limited (Registered number: 15187638)

Notes to the Financial Statements - continued
for the Period 4 October 2023 to 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provision
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Going concern
At 31 December 2023, the company had net liabilities of £29,175, primarily resulting from start-up legal and administrative costs incurred in acquiring its investment property. The property is expected to generate income with negligible running costs. The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements and consider that the company will be able to meet its liabilities as they fall due.

Accordingly, the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Exceed Merchants Wharf Limited (Registered number: 15187638)

Notes to the Financial Statements - continued
for the Period 4 October 2023 to 31 December 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 70,985
At 31 December 2023 70,985
NET BOOK VALUE
At 31 December 2023 70,985

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 95,141
Accrued expenses 6,000
101,141

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary share capital 1 1

7. RESERVES
Retained
earnings
£   

Deficit for the period (29,176 )
At 31 December 2023 (29,176 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alan Kaye FCA (Senior Statutory Auditor)
for and on behalf of BBK Partnership

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Exceed Merchants Wharf Limited (Registered number: 15187638)

Notes to the Financial Statements - continued
for the Period 4 October 2023 to 31 December 2023


10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Exceed Contracting Limited (Previously known as Exceed Outsourcing Limited), incorporated in England and Wales with a Registered Office at Studio 3, Bridge Street Studios, 62 Bridge Street, Manchester, United Kingdom, M3 3BW.

On 20 December 2024, the parent company was sold to Exceed Grp Holding Limited, at which point it became the parent undertaking. The ultimate controlling party became Shelina Begum by virtue of her majority shareholding. Additional information on Exceed Grp Limited will be available form it registered offices located at 7 Jardine House, Harrovian Business Park Village, Bessborough Road, Harrow, England, HA1 3EX.