Company No: 02946299 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	S Bills
	J Kirby
	Amity Ltd

Registered office	9 Donnington Park
	85 Birdham Road
	Chichester
	PO20 7AJ
	United Kingdom

Company number

02946299 (England and Wales)

Accountant	Kreston Reeves LLP
	Projects Nile House
	Nile Street
	Brighton
	BN1 1HW

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nexxus Corporation Ltd for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Nexxus Corporation Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nexxus Corporation Ltd. You consider that Nexxus Corporation Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Nexxus Corporation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Nexxus Corporation Ltd, as a body, in accordance with the terms of our engagement letter dated 08 February 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Nexxus Corporation Ltd and state those matters that we have agreed to state to the Board of Directors of Nexxus Corporation Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nexxus Corporation Ltd and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

Projects Nile House
Nile Street
Brighton
BN1 1HW

29 September 2025

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	2,926		3,643
		2,926		3,643
Current assets
Stocks	4	757,504		767,802
Debtors	5	3,560		699
Cash at bank and in hand		0		8,282
		761,064		776,783
Creditors: amounts falling due within one year	6	( 17,915)		( 13,881)
Net current assets		743,149		762,902
Total assets less current liabilities		746,075		766,545
Net assets		746,075		766,545
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		745,975		766,445
Total shareholder's funds		746,075		766,545

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Nexxus Corporation Ltd (registered number: 02946299) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Sarah Bills Director

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

Nexxus Corporation 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 9 Donnington Park, 85 Birdham Road, Chichester, United Kingdom PO20 7AJ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 Pound.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

15 - 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Trading stocks of land and buildings, including work in progress, are consistently valued at the lower of cost and net realisable value.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		4

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	29,319		29,319
At 31 December 2024	29,319		29,319
Accumulated depreciation
At 01 January 2024	25,676		25,676
Charge for the financial year	717		717
At 31 December 2024	26,393		26,393
Net book value
At 31 December 2024	2,926		2,926
At 31 December 2023	3,643		3,643

4. Stocks

	2024		2023
	£		£
Stocks	757,504		767,802

An impairment loss of £10,298 (2023: £Nil) was recognised in administrative expenses against stock during the year due to a fall in valuation.

Some of the assets within stock have a legal charge held against them.

5. Debtors

	2024		2023
	£		£
Trade debtors	0		127
Amounts owed by fellow subsidiaries	3,052		0
Prepayments	508		572
	3,560		699

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	343		0
Amounts owed to fellow subsidiaries	12,277		10,000
Accruals and deferred income	5,295		3,881
	17,915		13,881

7. Called-up share capital

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

8. Related party transactions

Transactions with owners holding a participating interest in the entity

Nexxus Group Limited
(Immediate parent company)

During the year the company incurred expenses on behalf of Nexxus Group Limited totalling £3,739 (2023: £3,635). At the balance sheet date, the amount due from Nexxus Group Limited was £3,202 (2023: £nil).

Harrington Securities Limited
(A fellow subsidiary)

During the year the company was provided with an interest free loan from Harrington Securities Limited. At the balance sheet date the amount due to Harrington Securities Limited was £12,277 (2023: £10,000)

9. Ultimate controlling party

The company's immediate parent is Nexxus Group Limited, a company incorporated in England and Wales.

The ultimate controlling party is Mr D Ashton.