Company No: 15990542 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025
		£
Fixed assets
Tangible assets	3	655,258
		655,258
Current assets
Stocks	4	22,493
Debtors	5	131,444
Cash at bank and in hand		18,117
		172,054
Creditors: amounts falling due within one year	6	( 575,346)
Net current liabilities		(403,292)
Total assets less current liabilities		251,966
Creditors: amounts falling due after more than one year	7	( 517,593)
Net liabilities		( 265,627)
Capital and reserves
Called-up share capital		100
Profit and loss account		( 265,727 )
Total shareholders' deficit		( 265,627)

For the financial period ending 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 financial statements for the financial period 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Exe Exe Exe Ltd (registered number: 15990542) were approved and authorised for issue by the Board of Directors on 04 December 2025. They were signed on its behalf by:

Mr A D Briggs Director		Mr R J Cooper Director
Miss N J Craven Director		Mr K M Clarke Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Exe Exe Exe Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	5 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes purchases.
Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

	Period from 01.10.2024 to 31.03.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	29

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 October 2024	0		0		0		0		0
Additions	412,663		185,018		72,640		9,622		679,943
At 31 March 2025	412,663		185,018		72,640		9,622		679,943
Accumulated depreciation
At 01 October 2024	0		0		0		0		0
Charge for the financial period	4,856		13,801		5,330		698		24,685
At 31 March 2025	4,856		13,801		5,330		698		24,685
Net book value
At 31 March 2025	407,807		171,217		67,310		8,924		655,258

4. Stocks

	31.03.2025
	£
Stocks	22,493

5. Debtors

	31.03.2025
	£
Trade debtors	10,856
Prepayments	118,902
VAT recoverable	1,586
Other debtors	100
	131,444

6. Creditors: amounts falling due within one year

	31.03.2025
	£
Trade creditors	302,174
Other taxation and social security	29,144
Other creditors	244,028
	575,346

Included in Other creditors is a loan which is secured by a fixed and floating charge over the company's assets, and a loan due to an associated company.

7. Creditors: amounts falling due after more than one year

	31.03.2025
	£
Other creditors	517,593

The loan is secured by a fixed and floating charge over the company's assets.

8. Financial commitments

Commitments

Capital commitments are as follows:

	31.03.2025
	£
Contracted for but not provided for:
Finance leases entered into	4,747,316

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.03.2025
	£
within one year	153,552
between one and five years	614,208
after five years	3,979,556
Total future minimum lease payments under non-cancellable operating leases	4,747,316