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REGISTERED NUMBER: 01948631 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

EXELMEAD LIMITED
EXELMEAD LIMITED (REGISTERED NUMBER: 01948631)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Balance sheet 1

Notes to the financial statements 3


EXELMEAD LIMITED (REGISTERED NUMBER: 01948631)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - -
Investments 5 76,500 76,500
Investment property 6 800,000 800,000
876,500 876,500

Current assets
Debtors 7 2,200 2,200
Cash at bank 183 166
2,383 2,366
Creditors
Amounts falling due within one year 8 294,906 309,816
Net current liabilities (292,523 ) (307,450 )
Total assets less current liabilities 583,977 569,050

Provisions for liabilities 9 120,446 120,446
Net assets 463,531 448,604

Capital and reserves
Called up share capital 10 300 300
Fair value reserve 510,739 510,739
Retained earnings (47,508 ) (62,435 )
Shareholders' funds 463,531 448,604

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 notes form part of these financial statements

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EXELMEAD LIMITED (REGISTERED NUMBER: 01948631)

BALANCE SHEET - continued
31 MARCH 2025


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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:




Mr R C Dale-Thomas - Director



Ms Y Dale-Thomas - Director


The notes form part of these financial statements

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EXELMEAD LIMITED (REGISTERED NUMBER: 01948631)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. Statutory information

Exelmead Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01948631. The registered office is and business address is Dolaumaen Isaf, Mynachlogddu, Clynderwen, Wales, SA66 7SB.

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
Turnover represents net rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from change in fair value is recognised in other comprehensive income.

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 balance sheet date.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Other investments
Other investments are recognised at cost.

3. Employees and directors

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

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EXELMEAD LIMITED (REGISTERED NUMBER: 01948631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2024
and 31 March 2025 7,245 999 8,244
Depreciation
At 1 April 2024
and 31 March 2025 7,245 999 8,244
Net book value
At 31 March 2025 - - -
At 31 March 2024 - - -

5. Fixed asset investments
Unlisted
investments
£   
Cost
At 1 April 2024
and 31 March 2025 76,500
Net book value
At 31 March 2025 76,500
At 31 March 2024 76,500

6. Investment property
Total
£   
Fair value
At 1 April 2024
and 31 March 2025 800,000
Net book value
At 31 March 2025 800,000
At 31 March 2024 800,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2015 531,184
Valuation in 2021 150,000
Valuation in 2023 (50,000 )
Cost 168,816
800,000

Investment Property was valued on an open market basis on 31 March 2025 by the director of Exelmead Limited .

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EXELMEAD LIMITED (REGISTERED NUMBER: 01948631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 2,200 2,200

8. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors - 315
Tax 3,501 2,389
Directors' current accounts 289,582 305,374
Accruals and deferred income 1,823 1,738
294,906 309,816

9. Provisions for liabilities
2025 2024
£    £   
Deferred tax 120,446 120,446

Deferred
tax
£   
Balance at 1 April 2024 120,446
Property revaluation
Accelerated capital allowances
Balance at 31 March 2025 120,446

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
300 Ordinary £1 300 300

11. Ultimate controlling party

The ultimate controlling party of the company is Mr R Dale-Thomas by virtue of his 100% shareholding.

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