Company No: 02946584 (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

02946584 (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 Group Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 8 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 Group Limited 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 Group Limited. You consider that Nexxus Group Limited 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 Group Limited. 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 Group Limited, as a body, in accordance with the terms of our engagement letter dated 16 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Nexxus Group Limited and state those matters that we have agreed to state to the Board of Directors of Nexxus Group Limited, 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 Group Limited 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
Investments	3	1,703,150		1,723,150
		1,703,150		1,723,150
Current assets
Debtors	4	450,000		450,000
Cash at bank and in hand		0		786
		450,000		450,786
Creditors: amounts falling due within one year	5	( 536,652)		( 532,040)
Net current liabilities		(86,652)		(81,254)
Total assets less current liabilities		1,616,498		1,641,896
Net assets		1,616,498		1,641,896
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		1,616,398		1,641,796
Total shareholder's funds		1,616,498		1,641,896

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 Group Limited (registered number: 02946584) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

S 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 Group Limited (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, PO20 7AJ, United Kingdom.

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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company is dependent on the support of its ultimate parent Company to continue in operational existence and to meet its financial obligations as they fall due 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.

Group accounts exemption

Group accounts exemption s399
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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		6

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	2,800,201
At 31 December 2024	2,800,201
Provisions for impairment
At 01 January 2024	1,077,051
Impairment	20,000
At 31 December 2024	1,097,051
Carrying value at 31 December 2024	1,703,150
Carrying value at 31 December 2023	1,723,150

Investments in shares

Name of entity	Registered office	Class of shares	Ownership 31.12.2024	Held
Nexxus Corporation Limited	9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ.	Ordinary Shares	100.00%	Direct
Harrington Securities Limited	9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ.	Ordinary Shares	100.00%	Direct
Gate Securities Limited	9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ.	Ordinary Shares	100.00%	Direct

The capital and reserves and the profit/(loss) of the subsidiary undertakings was as follows:

	Capital and reserves at 2024	Profit/(loss) for the year ended 2024
	£	£
Nexxus Corporation Limited	746,075	(20,470)
Harrington Securities Limited	208,616	25,465
Gate Securities Limited	2,477,563	(163,228)

4. Debtors

	2024		2023
	£		£
Amounts owed by Ultimate Parent undertakings	450,000		450,000

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	533,052		530,000
Other creditors	3,600		2,040
	536,652		532,040

6. Called-up share capital

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

7. Related party transactions

Transactions with owners holding a participating interest in the entity

Mallen International Limited
(Parent Company)
During the year Nexxus Group Limited provided Mallen International Limited with an interest free unsecured loan. At the balance sheet date the amount due from Mallen International Limited was £450,000 (2023: £450,000)

Transactions with entities in which the entity itself has a participating interest

Gate Securities Limited
(100% Subsidiary)
During the year Gate Securities Limited provided Nexxus Group Limited with an interest free unsecured loan. At the balance sheet date the amount due to Gate Securities Limited was £530,000 (2023: £530,000)

Nexxus Corporation Limited
(100% Subsidiary)
During the year Nexxus Corporation Limited incurred expenses on behalf of the company totalling £3,739 (2023: £3,635). At the balance sheet date, the amount due to Nexxus Corporation Limited was £3,202 (2023: £nil).

8. Ultimate controlling party

The company's immediate parent is Mallen International Limited, incorporated in the Bahamas. The ultimate controlling party is Mr D Ashton.