REGISTERED NUMBER: 10643474 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Mexor Limited

Page

Company Information

1

Report of the Accountants

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr R K Kapoor

S Sheth

REGISTERED OFFICE:

The Barn

Rear of 3-5 Church Street

Ampthill

Bedfordshire

MK45 2PJ

REGISTERED NUMBER:

10643474 (England and Wales)

ACCOUNTANTS:

Integral Associates Limited

86-90 Paul Street

London

EC2A 4NE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Integral Associates Limited

86-90 Paul Street

London

EC2A 4NE

14 October 2025

FIXED ASSETS

Investment property

4

2,632,209

2,632,209

CURRENT ASSETS

Cash at bank

39,745

45,465

CREDITORS

Amounts falling due within one year

5

212,925

843,230

NET CURRENT LIABILITIES

(173,180

)

(797,765

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,459,029

1,834,444

CREDITORS

Amounts falling due after more than one year

6

2,268,300

1,577,539

NET ASSETS

190,729

256,905

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

190,728

256,904

SHAREHOLDERS' FUNDS

190,729

256,905

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

Mr R K Kapoor - Director

S Sheth - Director

1.	STATUTORY INFORMATION

Mexor 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.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,632,209

NET BOOK VALUE

At 31 March 2025

2,632,209

At 31 March 2024

2,632,209

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1

(2

)

Amounts owed to group undertakings

212,924

840,447

Tax

-

2,785

212,925

843,230

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

2,195,227

1,504,466

Bank loans more 5 yr by instal

73,073

73,073

2,268,300

1,577,539

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

73,073

73,073

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

2,268,300

1,577,539

The company 's borrowing is at a margin of 2.99% over the base rate. The loan is repayable over 25 years.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 April 2024

256,904

Deficit for the year

(66,176

)

At 31 March 2025

190,728

10.	ULTIMATE CONTROLLING PARTY

The parent company is Springbridge Corporation Limited. There is no single ultimate controlling party.