Company No: 04343467 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

D Minnaar

SECRETARY

D Minnaar

REGISTERED OFFICE	101 High Street
	Earith
	Huntingdon
	Cambridgeshire
	PE28 3PF
	United Kingdom

COMPANY NUMBER

04343467 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	669		1,344
Investment property	4	1,608,256		1,608,256
		1,608,925		1,609,600
Current assets
Debtors	5	13,745		13,270
Cash at bank and in hand		65,243		82,274
		78,988		95,544
Creditors: amounts falling due within one year	6	( 10,592)		( 8,161)
Net current assets		68,396		87,383
Total assets less current liabilities		1,677,321		1,696,983
Creditors: amounts falling due after more than one year	7	( 5,537,883)		( 5,363,897)
Net liabilities		( 3,860,562)		( 3,666,914)
Capital and reserves
Called-up share capital		1		1
Revaluation reserve		348,933		348,933
Profit and loss account		( 4,209,496 )		( 4,015,848 )
Total shareholder's deficit		( 3,860,562)		( 3,666,914)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Exportforth Limited (registered number: 04343467) were approved and authorised for issue by the Director on 29 December 2025. They were signed on its behalf by:

D Minnaar Director

1. Accounting policies

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

General information and basis of accounting

Exportforth Limited (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 101 High Street, Earith, Huntingdon, Cambridgeshire, PE28 3PF, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Exportforth Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.

As with any business, the Company relies upon the availability of working capital and generation of profits and cash in future to meet its liabilities as they fall due. There are also borrowings of £5,527,428 due to its parent. The company is reliant on the ongoing support from its parent company, which the director has confirmed.

As a result of this ongoing support, the director is confident that the Company's access to working capital and future profit generation will be sufficient to support the business in the foreseeable future, and accordingly, considers it appropriate to prepare the financial; statements on a going concern basis.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue represents rents receivable from investment properties. Rents are recognised on an accruals basis, net of any sales taxes and discounts.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

3 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 January 2024	71,456		71,456
At 31 December 2024	71,456		71,456
Accumulated depreciation
At 01 January 2024	70,112		70,112
Charge for the financial year	675		675
At 31 December 2024	70,787		70,787
Net book value
At 31 December 2024	669		669
At 31 December 2023	1,344		1,344

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	1,608,256
As at 31 December 2024	1,608,256

The 2024 valuations were made by the director, on an open market value for existing use basis.

5. Debtors

	2024		2023
	£		£
Amounts owed by director	0		3,371
Prepayments	10,089		9,899
Other debtors	3,656		0
	13,745		13,270

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	4,048		3,878
Amounts owed to director	750		0
Accruals	4,488		3,960
Other taxation and social security	835		0
Other creditors	471		323
	10,592		8,161

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

	2024		2023
	£		£
Amounts owed to Parent undertakings	5,527,428		5,353,442
Other creditors	10,455		10,455
	5,537,883		5,363,897

8. Related party transactions

Amounts due in more than one year includes a loan from the parent company. The amount of £5,527,428 (2023: £5,343,442), consists of both principal amounts and accumulated interest due. The amount is unsecured and incurs interest at 3.25% per annum.

Included within creditors is an amount of £750 due to a director. The opening balance was £3,371 due from the director. Advances of £879 and repayments of £5,000 were made during the year. The loan is interest free and was repaid in full on 28 September 2024.

9. Ultimate controlling party

Parent Company:

C Minnaar Earith Management BV

Nobeldreef 63 3146AG, Maasslais Netherlands

The company is a 100% subsidiary undertaking of C Minnaar Earith Management BV, a company registered in the Netherlands.