Axicon Innovations Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02714916

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		100,083		100,000

			100,083		100,000
CURRENT ASSETS
Debtors	5	1,000		1,000

		1,000		1,000
Creditors: Amounts Falling Due Within One Year	6	(83 )		-

NET CURRENT ASSETS (LIABILITIES)			917		1,000

TOTAL ASSETS LESS CURRENT LIABILITIES			101,000		101,000

NET ASSETS			101,000		101,000

CAPITAL AND RESERVES
Called up share capital	7		201,000		201,000
Profit and Loss Account			(100,000 )		(100,000 )

SHAREHOLDERS' FUNDS			101,000		101,000

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Axicon Innovations Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M C Hicks

Director

9 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Axicon Innovations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02714916 . The registered office is Village Farm, Church Road, Weston On The Green, Bicester, Oxon, OX25 3QP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared on the going concern basis. The company acts as a holding company and as such does not trade. The directors are of the opinion that the fixed asset investments are fairly stated and as a result no further provision is required.

2.2. Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.2.1 Debtors

Short term debtors are measured at transaction price, less any impairment.

2.2.2 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.2.3 Creditors

Short term creditors are measured at the transaction price.

2.3. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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Axicon Innovations Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.3. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 May 2024	100,000
Additions	83

As at 30 April 2025	100,083

Provision
As at 1 May 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	100,083

As at 1 May 2024	100,000

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,000	1,000

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	83	-

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Axicon Innovations Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
201,000 Ordinary Shares of £ 1.00 each	201,000	201,000

8. Ultimate Controlling Party

The company is owned and controlled by Mr M C Hicks and his immediate family.

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