Exe Finance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03001739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

EXE FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

W S Ryder

M P Selby

SECRETARY:

W S Ryder

REGISTERED OFFICE:

Sannerville Chase

Exminster

Exeter

Devon

EX6 8AT

REGISTERED NUMBER:

03001739 (England and Wales)

ACCOUNTANTS:

Sheppard Rockey & Williams Ltd

Sannerville Chase

Exminster

Exeter

Devon

EX6 8AT

FIXED ASSETS

Tangible assets

4

-

Investment property

5

1,875,000

1,840,000

1,875,000

1,840,000

CURRENT ASSETS

Debtors

6

7,098

7,317

Investments

7

25

Cash at bank

11,693

22,603

18,816

29,945

CREDITORS

Amounts falling due within one year

8

32,689

31,947

NET CURRENT LIABILITIES

(13,873

)

(2,002

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,861,127

1,837,998

CREDITORS

Amounts falling due after more than one
year

9

(682,881

)

(699,674

)

PROVISIONS FOR LIABILITIES

(187,252

)

(178,502

)

NET ASSETS

990,994

959,822

CAPITAL AND RESERVES

Called up share capital

11

2

Retained earnings

12

990,992

959,820

SHAREHOLDERS' FUNDS

990,994

959,822

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 9 December 2025 and were signed on its behalf by:

W S Ryder - Director

1.	STATUTORY INFORMATION

Exe Finance 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents received and receivable.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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 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.

Going concern

The accounts have been prepared on a going concern basis. The directors are of the opinion that sufficient finance will be available to enable the company to continue trading for at least one year after the date of the approval of these accounts.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

12,606

DEPRECIATION

At 1 April 2024

and 31 March 2025

12,606

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,840,000

Revaluations

35,000

At 31 March 2025

1,875,000

NET BOOK VALUE

At 31 March 2025

1,875,000

At 31 March 2024

1,840,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2006

120,018

Valuation in 2007

(120,018

)

Valuation in 2009

214,168

Valuation in 2015

120,000

Valuation in 2017

99,975

Valuation in 2018

252,525

Valuation in 2020

207,500

Valuation in 2021

180,000

Valuation in 2025

35,000

Cost

765,832

1,875,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

765,832

Aggregate depreciation

(328,030

)

(312,713

)

The investment properties were valued on an open market basis on 31 March 2025 by W S Ryder, director .

Deferred tax relating to the investment property measured at fair value amounts to £187,252 (2024: £178,502).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

6,879

Other debtors

219

438

7,098

7,317

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

CA Investments

25

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

7,600

Taxation and social security

1,233

-

Other creditors

23,856

24,347

32,689

31,947

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

161,029

169,273

Other creditors

521,852

530,401

682,881

699,674

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

139,660

139,661

Repayable by instalments

Bank loans more 5 yr by instal

3,903

7,249

Other loans more 5yrs instal

438,520

447,069

442,423

454,318

10.	SECURED DEBTS

The bank borrowings and other borrowings are secured on the company's investment properties.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2

Ordinary shares of £1 each

£1

2

12.

RESERVES

Reserves at 31 March 2025 include an Investment Property Revaluation Reserve of £921,918

(2024: £895,668).

13.	RELATED PARTY DISCLOSURES

Included in other creditors falling due within one year are loan accounts from directors with participating interests in the shares of the company of £5,687 (2024: £6,205). The loans are unsecured, repayable on demand and interest free.