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REGISTERED NUMBER: 13814061 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PXtech Group Limited

PXtech Group Limited (Registered number: 13814061)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PXtech Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Richard Dorf
Amanda Gregson
Christopher Paul Hardy
Ian Keith Neal
Peter Hughes





REGISTERED OFFICE: 50 Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 13814061 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

PXtech Group Limited (Registered number: 13814061)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,925,000 3,925,000

CURRENT ASSETS
Debtors 5 15,324 31,276

CREDITORS
Amounts falling due within one year 6 274,115 183,467
NET CURRENT LIABILITIES (258,791 ) (152,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,666,209

3,772,809

CREDITORS
Amounts falling due after more than one
year

7

2,332,430

2,432,430
NET ASSETS 1,333,779 1,340,379

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 1,233,779 1,240,379
SHAREHOLDERS' FUNDS 1,333,779 1,340,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:



Ian Keith Neal - Director


PXtech Group Limited (Registered number: 13814061)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

PXtech Group 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.

Preparation of consolidated financial statements
The financial statements contain information about PXtech Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost less any permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 3,925,000
NET BOOK VALUE
At 31 December 2024 3,925,000
At 31 December 2023 3,925,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15,324 31,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 8) 100,000 100,000
Amounts owed to group undertakings 174,115 83,467
274,115 183,467

PXtech Group Limited (Registered number: 13814061)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 8) 2,332,430 2,432,430

Amounts falling due in more than five years:

Repayable by instalments
Other loans > 5 years 1,932,430 2,032,430

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 100,000 100,000

Amounts falling due between one and two years:
Other loans - 1-2 years 100,000 100,000

Amounts falling due between two and five years:
Other loans - 2-5 years 300,000 300,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans > 5 years 1,932,430 2,032,430

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 2,432,430 2,532,430

Loans are secured on various assets of the company by means of a fixed and floating charge.