Exeter Finance Group Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Exeter Finance Group Limited

Company Information

Directors

P W L Keech C J Hall

Registered office

3rd Floor The Senate Southernhay Gardens Exeter Devon EX1 1UG

Accountants

Francis Clark LLP Centenary House Peninsula Park Rydon Lane Exeter Devon EX2 7XE

Exeter Finance Group Limited

Balance Sheet

30 September 2025

	Note	2025 £	2024 £
Fixed assets
Investments	4	1,200	1,200
Current assets
Debtors	5	17,167,549	17,679,834
Cash at bank and in hand		610,256	426,290
		17,777,805	18,106,124
Creditors: Amounts falling due within one year	6	(333,945)	(302,511)
Net current assets		17,443,860	17,803,613
Total assets less current liabilities		17,445,060	17,804,813
Creditors: Amounts falling due after more than one year	6	(17,360,000)	(17,757,000)
Net assets		85,060	47,813
Capital and reserves
Called up share capital	8	920	920
Capital redemption reserve		80	80
Profit and loss account		84,060	46,813
Shareholders' funds		85,060	47,813

Exeter Finance Group Limited

Balance Sheet

30 September 2025

For the financial year ending 30 September 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; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 December 2025 and signed on its behalf by:
 

......................................... P W L Keech Director

Company Registration Number: 09865131

Exeter Finance Group Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principal place of business is:
3rd Floor
The Senate
Southernhay Gardens
Exeter
Devon
EX1 1UG

These financial statements were authorised for issue by the Board on 15 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A, and the Companies Act 2006. There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company and its subsidiary undertakings comprise a small group. The company has not exercised the option to prepare group accounts by Section 398 of the Companies Act 2006.

Revenue recognition

Turnover represents interest receivable on amounts due from group undertakings. The turnover of the company is not subject to VAT.

Interest receivable is recognised as revenue and accrued according to the terms of the underlying loans provided.

Tax

Tax is recognised in the profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.

Page 4

Exeter Finance Group Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 2025

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income evenly over the period. Dividends on equity securities are recognised in income when receivable.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other debtors and creditors;
• Other loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

Exeter Finance Group Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 2025

3	Staff numbers

The average number of persons employed by the company (including Directors) during the year, was 0 (2024 - 0).

4	Investments

	2025 £	2024 £
Investments in subsidiaries	1,200	1,200