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REGISTERED NUMBER: 15009399 (England and Wales)



Audited Financial Statements for the Period 18 July 2023 to 31 December 2023

for

Exceed Rice Works Limited

Exceed Rice Works Limited (Registered number: 15009399)

Contents of the Financial Statements
for the Period 18 July 2023 to 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


Exceed Rice Works Limited

Company Information
for the Period 18 July 2023 to 31 December 2023







DIRECTORS: Mr B Mellor
Mr M Parsons



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



REGISTERED NUMBER: 15009399 (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 Rice Works Limited (Registered number: 15009399)

Statement of Financial Position
31 December 2023

Notes £   
FIXED ASSETS
Investment property 4 89,980

CURRENT ASSETS
Cash at bank 936

CREDITORS
Amounts falling due within one year 5 (100,057 )
NET CURRENT LIABILITIES (99,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,141

)

CAPITAL AND RESERVES
Called up share capital 6 1
Retained earnings 7 (9,142 )
SHAREHOLDERS' FUNDS (9,141 )

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:





Mr B Mellor - Director


Exceed Rice Works Limited (Registered number: 15009399)

Notes to the Financial Statements
for the Period 18 July 2023 to 31 December 2023


1. STATUTORY INFORMATION

Exceed Rice Works 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
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Exceed Rice Works Limited (Registered number: 15009399)

Notes to the Financial Statements - continued
for the Period 18 July 2023 to 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 £9,141, 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.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 89,980
At 31 December 2023 89,980
NET BOOK VALUE
At 31 December 2023 89,980

Exceed Rice Works Limited (Registered number: 15009399)

Notes to the Financial Statements - continued
for the Period 18 July 2023 to 31 December 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 94,057
Accrued expenses 6,000
100,057

6. CALLED UP SHARE CAPITAL

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

7. RESERVES
Retained
earnings
£   

Deficit for the period (9,142 )
At 31 December 2023 (9,142 )

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.

Directors and key management personnel have not been remunerated for their services to the company. However, the directors and key management personal are remunerated by other related undertakings for their services. It is not possible to separately identify the amounts attributable for services rendered to the company.

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.