The Right Exchange Ltd

The Right Exchange Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	3,316	6,631
Tangible fixed assets	4	201	268
		3,517	6,899
Current assets
Debtors	5	-	289
Cash at bank and in hand		-	2,432
		-	2,721
Creditors: amount falling due within one year	6	(13,595)	(15,144)
Net current assets		(13,595)	(12,423)

Total assets less current liabilities		(10,078)	(5,524)
Net assets		(10,078)	(5,524)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(10,178)	(5,624)
Shareholders' funds		(10,078)	(5,524)

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 01 December 2025 and were signed on its behalf by:

-------------------------------
A C Wray
Director

The Right Exchange Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

The Right Exchange Ltd is a private company, limited by shares, registered in England and Wales, registration number 09866829, registration address Oddington Grange, Weston On The Green, Oxfordshire, OX25 3QW.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a 33% straight line basis. This has been fully depreciated in the accounts

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Equipment

25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

Intangible fixed assets

Cost	Software development (fully depreciated) 33% straight line	Total
	£	£
At 01 April 2024	21,007	21,007
Additions	-	-
Disposals	-	-
At 31 March 2025	21,007	21,007
Amortisation
At 01 April 2024	14,376	14,376
Charge for year	3,315	3,315
On disposals	-	-
At 31 March 2025	17,691	17,691
Net book values
At 31 March 2025	3,316	3,316
At 31 March 2024	6,631	6,631

Tangible fixed assets

Cost or valuation	Equipment	Total
	£	£
At 01 April 2024	2,678	2,678
Additions	-	-
Disposals	-	-
At 31 March 2025	2,678	2,678
Depreciation
At 01 April 2024	2,410	2,410
Charge for year	67	67
On disposals	-	-
At 31 March 2025	2,477	2,477
Net book values
Closing balance as at 31 March 2025	201	201
Opening balance as at 01 April 2024	268	268

Debtors: amounts falling due within one year

	2025 £		2024 £
VAT	-		289
	-		289

Creditors: amount falling due within one year

	2025 £	2024 £
Amounts Owed to Participating Interests	12,284	14,074
Accrued Expenses	1,170	1,070
VAT	141	-
	13,595	15,144

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100

8.	Summary of transactions with parent The company has taken advantage of the exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company

9.	Parent company The company's immediate and ultimate parent is Allerton and Company Of London Holdings Limited, incorporated in England and Wales, owning 100% of the share capital and voting rights

Registered Number: 09866829
England and Wales
THE RIGHT EXCHANGE LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025