REGISTERED NUMBER: 02829270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2025

FOR

HUXLEY (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E Huxley

R Tomey

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

02829270 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

BANKERS:

Barclays Bank Plc

P O Box 166

Heathrow Airport

Hounslow

TW6 2RA

SOLICITORS:

Blake Morgan LLP

New Kings Court

Tollgate

Chandlers Ford

Eastleigh

SO53 3LG

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

115,612

78,173

Investments

6

1

1

115,614

78,175

CURRENT ASSETS

Stocks

248,499

194,795

Debtors

7

63,130

24,397

Cash at bank and in hand

826,291

662,300

1,137,920

881,492

CREDITORS

Amounts falling due within one year

8

522,124

350,633

NET CURRENT ASSETS

615,796

530,859

TOTAL ASSETS LESS CURRENT LIABILITIES

731,410

609,034

PROVISIONS FOR LIABILITIES

17,569

5,982

NET ASSETS

713,841

603,052

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

711,841

601,052

713,841

603,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd October 2025 and were signed on its behalf by:

R Tomey - Director

1.	STATUTORY INFORMATION

Huxley (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.

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 as modified by the revaluation of certain assets.

Turnover

The company has two main sources of income. Turnover in relation to golf equipment represents net invoiced sales of the goods, excluding value added tax. Turnover in relation to the installation of golf greens is recognised once the job is completed.

Patents and licences

In 2005 the company purchased patents from Rotanet Limited for £58,501. They have been amortised over their estimated useful lives of five years.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of transactions. All differences are taken to the Profit and Loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1st August 2024

and 31st July 2025

5,000

58,501

63,501

AMORTISATION

At 1st August 2024

and 31st July 2025

5,000

58,500

63,500

NET BOOK VALUE

At 31st July 2025

-

1

1

At 31st July 2024

-

1

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st August 2024

14,281

15,273

110,790

140,344

Additions

920

13,425

54,334

68,679

At 31st July 2025

15,201

28,698

165,124

209,023

DEPRECIATION

At 1st August 2024

14,281

12,119

35,771

62,171

Charge for year

64

1,786

29,390

31,240

At 31st July 2025

14,345

13,905

65,161

93,411

NET BOOK VALUE

At 31st July 2025

856

14,793

99,963

115,612

At 31st July 2024

-

3,154

75,019

78,173

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st August 2024

and 31st July 2025

1

NET BOOK VALUE

At 31st July 2025

1

At 31st July 2024

1

Cost or valuation at 31st July 2025 is represented by:

Other

investments

£

Valuation in 2019

(30,346

)

Valuation in 2020

23,901

Valuation in 2021

(35,856

)

Cost

42,302

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

51,962

15,361

Other debtors

7,389

-

Prepayments and accrued income

3,779

9,036

63,130

24,397

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

226,579

84,187

Tax

22,066

26,733

Social security and other taxes

13,433

11,557

VAT

42,403

45,909

Other creditors

52,550

59,989

Accruals and deferred income

165,093

122,258

522,124

350,633

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

40,900

41,276

Between one and five years

12,679

53,579

53,579

94,855

10.	ULTIMATE CONTROLLING PARTY

During 2020 the shares held by the former shareholders were sold to the newly formed Huxley Employee Ownership Trust (The EOT). The number of shares sold represent 100% of the ordinary share capital of the company. The EOT holds the shares on behalf of all the employees of the company, no individual employee is allotted shares. The interests of the EOT are managed by Huxley Trustee Limited as its trustee. The EOT is therefore the sole shareholder in the company.