Company Registration No. 13237962 (England and Wales)
EARLY EXCELLENCE NEWCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
EARLY EXCELLENCE NEWCO LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 9
EARLY EXCELLENCE NEWCO LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs Z A Wilson
Mrs N J Walters
Mrs H E Marsden
Mr D Marsden
Company number
13237962
Registered office
The Old Foundry
Unit 14 Rosemount Estate
Huddersfield Road
Elland
West Yorkshire
HX5 0EE
Accountants
TC Group
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
EARLY EXCELLENCE NEWCO LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
4,789,000
4,789,000
Current assets
Debtors
4
248,609
-
0
Cash at bank and in hand
150
150
248,759
150
Creditors: amounts falling due within one year
5
(8,292)
(587,902)
Net current assets/(liabilities)
240,467
(587,752)
Total assets less current liabilities
5,029,467
4,201,248
Creditors: amounts falling due after more than one year
6
-
0
(502,445)
Net assets
5,029,467
3,698,803
Capital and reserves
Called up share capital
7
200
200
Share premium account
149,950
149,950
Profit and loss reserves
4,879,317
3,548,653
Total equity
5,029,467
3,698,803

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

EARLY EXCELLENCE NEWCO LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
Mrs H E Marsden
Director
Company registration number 13237962 (England and Wales)
EARLY EXCELLENCE NEWCO LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
200
149,950
1,716,339
1,866,489
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
2,121,468
2,121,468
Dividends
-
-
(289,154)
(289,154)
Balance at 31 December 2023
200
149,950
3,548,653
3,698,803
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
1,508,714
1,508,714
Dividends
-
-
(178,050)
(178,050)
Balance at 31 December 2024
200
149,950
4,879,317
5,029,467
EARLY EXCELLENCE NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
1
Accounting policies
Company information

Early Excellence Newco Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Foundry, Unit 14 Rosemount Estate, Huddersfield Road, Elland, West Yorkshire, HX5 0EE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

EARLY EXCELLENCE NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. 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.

EARLY EXCELLENCE NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
4,789,000
4,789,000
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
248,609
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
8,292
587,902
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
0
502,445
EARLY EXCELLENCE NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
40
40
40
50
B Ordinary shares of £1 each
50
50
50
75
C Ordinary shares of £1 each
50
50
50
75
D Ordinary Shares of £1 each
50
50
50
-
0
E Ordinary Shares of £1 each
10
10
10
-
0
200
200
200
200

On 21 September 2023 the below restructuring was carried out:

- 10 A Ordinary shares were reclassified as E Ordinary Shares of £1 each.

- 50 B Ordinary Shares were reclassified as D Ordinary Shares of £1 each.

EARLY EXCELLENCE NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
8
Related party transactions

Mrs H E Marsden- Director and Shareholder

As at the balance sheet date, the Company owed Mrs H E Marsden £Nil (2023 - £1,090,344).

This was via loan notes. Interest is charged at 7% and the loan has now been fully repaid.

Also at the balance sheet date the Company had a overdrawn Directors loan with Mrs H E Marsden of £248,608. This loan made to the Director was interest free and repayable on demand,

Other information

The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned members.

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