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Company No: 12831082 (England and Wales)

EXORDI LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

EXORDI LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

EXORDI LTD

COMPANY INFORMATION

For the financial year ended 31 August 2024
EXORDI LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTOR Carlo Scaglia
REGISTERED OFFICE 128 City Road
London
EC1V 2NX
United Kingdom
COMPANY NUMBER 12831082 (England and Wales)
CHARTERED ACCOUNTANTS Mercer & Hole LLP
72 London Road
St Albans
Hertfordshire
AL1 1NS
EXORDI LTD

BALANCE SHEET

As at 31 August 2024
EXORDI LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 34,747 0
34,747 0
Current assets
Debtors 4 14,463 16,007
Cash at bank and in hand 29,791 7,176
44,254 23,183
Creditors: amounts falling due within one year 5 ( 28,142) ( 13,135)
Net current assets 16,112 10,048
Total assets less current liabilities 50,859 10,048
Net assets 50,859 10,048
Capital and reserves
Called-up share capital 6 130 130
Equity reserve 74,985 24,985
Other reserves 85,876 85,876
Profit and loss account ( 110,132 ) ( 100,943 )
Total shareholder's funds 50,859 10,048

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Exordi Ltd (registered number: 12831082) were approved and authorised for issue by the Director on 26 August 2025. They were signed on its behalf by:

Carlo Scaglia
Director
EXORDI LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
EXORDI LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Exordi 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 128 City Road, London, EC1V 2NX, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. The director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 September 2023 0 0
Additions 37,678 37,678
At 31 August 2024 37,678 37,678
Accumulated amortisation
At 01 September 2023 0 0
Charge for the financial year 2,931 2,931
At 31 August 2024 2,931 2,931
Net book value
At 31 August 2024 34,747 34,747
At 31 August 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 9,520 0
Other debtors 4,943 16,007
14,463 16,007

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,168 0
Other creditors 26,974 13,135
28,142 13,135

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
30 Preference shares of £ 1.00 each 30 30
130 130