REGISTERED NUMBER: 15598422 (England and Wales)

XPD GLOBAL UK LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD 27 MARCH 2024 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P Barnes

SECRETARY:

Y Torres

REGISTERED OFFICE:

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

BUSINESS ADDRESS:

2 Waterside Way

Northampton

NN4 7XD

REGISTERED NUMBER:

15598422 (England and Wales)

AUDITORS:

Sephton & Company LLP

Chartered Certified Accountants

Statutory Auditors

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

2,440

CURRENT ASSETS

Debtors

5

90,474

Cash at bank

18,739

109,213

CREDITORS

Amounts falling due within one year

6

206,019

NET CURRENT LIABILITIES

(96,806

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(94,366

)

CAPITAL AND RESERVES

Called up share capital

50,000

Retained earnings

(144,366

)

SHAREHOLDERS' FUNDS

(94,366

)

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 director and authorised for issue on 18 September 2025 and were signed by:

A P Barnes - Director

1.	STATUTORY INFORMATION

XPD Global UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of imports, domestic operations, cross-trade and other complementary services, revenue is recognised within three business days from the actual delivery or arrival, depending on the incoterm agreed with the customer.

In respect of exports, revenue is recognised within three business days from the estimated time of departure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the balance sheet date the company was insolvent. However, the accounts have been prepared under the going concern basis on the assumption that continued support will be forthcoming from the parent company. The parent company has provided written confirmation that they will provide financial support necessary to enable XPD Global UK Limited to meet its financial commitments as and when they fall due. The guarantee is valid for one year from the signing of these accounts. The parent company will not request payment for any amounts due to them from the company if it will cause the company undue financial strain or result in the company not being able to meet its commitments to creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

3,638

At 31 December 2024

3,638

DEPRECIATION

Charge for period

1,198

At 31 December 2024

1,198

NET BOOK VALUE

At 31 December 2024

2,440

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

77,260

Other debtors

13,214

90,474

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,510

Amounts owed to group undertakings

181,381

Taxation and social security

7,463

Other creditors

11,665

206,019

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Connell (Senior Statutory Auditor)

for and on behalf of Sephton & Company LLP

8.	POST BALANCE SHEET EVENTS

The company has instructed solicitors to prepare legal documentation in respect of converting 100,000 USD of XPD Global UK Limited's current debt with EP Group Holding LLC, parent company, into share capital. The company intend to complete this debt to equity conversion during the 2025 financial year.

9.	ULTIMATE PARENT COMPANY

The ultimate parent undertaking and controlling party is EP Group Holding LLC, a company incorporated in the United States on 31 December 2019. The registered address of EP Group Holding LLC is 3340a Greens Rd. Suite 700, Houston, TX 77032 USA.