EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Company Registration Number:
01995933 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 March 2025

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Company Information

for the Period Ended 31 March 2025




Director: Cllr Duncan Wood
Cllr Paul Knott
Cllr Amy Sparling
Registered office: 39
Marsh Green Road
Marsh Barton
Exeter
Devon
EX2 8PN
Company Registration Number: 01995933 (England and Wales)

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Directors' Report Period Ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal Activities

The principal activity of the company continued to be that of letting industrial units for small enterprises.

Directors

The directors shown below have held office during the whole of the period from 01 April 2024 to 31 March 2025
Cllr Duncan Wood
Cllr Paul Knott

The director(s) shown below resigned during the period
Cllr Amy Sparling
06 May 2024

This report was approved by the board of directors on 4 June 2025
And Signed On Behalf Of The Board By:

Name: Cllr Duncan Wood
Status: Director

Name: Cllr Paul Knott
Status: Director

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 March 2025


Notes

2025
£

2024
£
Turnover 278,314 253,051
Gross surplus or (deficit) 278,314 253,051
Administrative Expenses ( 296,260 ) ( 335,095 )
Operating surplus or (deficit) ( 17,946 ) ( 82,044 )
Surplus or (deficit) before tax ( 17,946 ) ( 82,044 )
Surplus or (deficit) for the period ( 17,946 ) ( 82,044 )

The notes form part of these financial statements

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Balance sheet

As at 31 March 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 4 2 2
Total fixed assets: 2 2
Current assets
Debtors: 5 31,773 32,962
Cash at bank and in hand: 5,732 15,684
Total current assets: 37,505 48,646
Creditors: amounts falling due within one year: 6 ( 49,158 ) ( 42,354 )
Net current assets (liabilities): ( 11,653 ) 6,292
Total assets less current liabilities: ( 11,651 ) 6,294
Total net assets (liabilities): ( 11,651 ) 6,294

The notes form part of these financial statements

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Balance sheet continued

As at 31 March 2025


Notes

2025
£

2024
£
Reserves
Income and expenditure account ( 11,651 ) 6,294
Members funds ( 11,651 ) 6,294

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 June 2025
And Signed On Behalf Of The Board By:

Name: Cllr Duncan Wood
Status: Director

Name: Cllr Paul Knott
Status: Director

The notes form part of these financial statements

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Rental and service charge income is recognised in the period to which it relates. Grants are recognised when received.

    Tangible fixed assets depreciation policy

    Depreciation of fixed assets is calculated to write off their costs or valuation less any residual value over their estimated useful lives as follows:

    Leasehold land and buildings - straight line over the remaining period of the lease

    Equipment - 10 years straight line

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 2 2

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 3. Off balance sheet disclosure

    No

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible assets

Land & buildings Fixtures & fittings Total
Cost £ £ £
At 01 April 2024 250,372 15,119 265,491
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2025 250,372 15,119 265,491
Depreciation
At 01 April 2024 250,371 15,118 265,489
Charge for year - - -
On disposals - - -
Other adjustments - - -
At 31 March 2025 250,371 15,118 265,489
Net book value
At 31 March 2025 1 1 2
At 31 March 2024 1 1 2

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors


2025
£

2024
£
Trade debtors 31,773 32,962
Total 31,773 32,962

EXETER BUSINESS CENTRE LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2025

6.Creditors: amounts falling due within one year note


2025
£

2024
£
Trade creditors 34,017 33,561
Taxation and social security 565
Other creditors 14,576 8,793
Total 49,158 42,354