Expansive Horizons Limited 31/03/2025 iXBRL

Company registration number: 08725294

Expansive Horizons Limited

Unaudited filleted financial statements

31 March 2025

Expansive Horizons Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Notes to the financial statements

Expansive Horizons Limited

Directors and other information


	Directors	Mr G.J. Williams
		Mr J.H. Kennedy


	Company number	08725294


	Registered office	24 Dale Street
		Manchester
		M1 1FY


	Business address	24 Dale Street
		Manchester
		M1 1FY


	Accountant	Stuart Noad
		34 Brighton Road
		Southport
		Merseyside
		PR8 4DD

Expansive Horizons Limited

Chartered accountant's report to the board of directors on the preparation of the

unaudited statutory financial statements of Expansive Horizons Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Expansive Horizons Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Expansive Horizons Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Expansive Horizons Limited and state those matters that we have agreed to state to the board of directors of Expansive Horizons Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Expansive Horizons Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Expansive Horizons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Expansive Horizons Limited. You consider that Expansive Horizons Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Expansive Horizons Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Stuart Noad

Chartered Accountant

34 Brighton Road

Southport

Merseyside

PR8 4DD

30 December 2025

Expansive Horizons Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	42,968		67,128
		_______		_______
			42,968		67,128

Current assets
Debtors	6	96,936		208,668
Cash at bank and in hand		6,590		20,710
		_______		_______
		103,526		229,378
Creditors: amounts falling due
within one year	7	( 128,894)		( 184,038)
		_______		_______
Net current (liabilities)/assets			( 25,368)		45,340
			_______		_______
Total assets less current liabilities			17,600		112,468

Creditors: amounts falling due
after more than one year	8		( 47,200)		( 96,723)
			_______		_______
Net (liabilities)/assets			( 29,600)		15,745
			_______		_______

Capital and reserves
Called up share capital	9		100		100
Share premium account			49,970		49,970
Profit and loss account			( 79,670)		( 34,325)
			_______		_______
Shareholders (deficit)/funds			( 29,600)		15,745
			_______		_______

For the year 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 year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr G.J. Williams

Director

Company registration number: 08725294

Expansive Horizons Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 24 Dale Street, Manchester, M1 1FY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

The accounts of the company have been prepared on the going concern basis. During the year to 31st March 2022 the company has been in receipt of government Covid 19 support measures to help it continue in operation. However, the directors are confident that the measures which they have adopted to deal with the recent challenges will enable the company to continue in operation, and that the going concern basis continues to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	10%	straight line
Fittings

fixtures and equipment	-	10 %	straight line
	Office equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 7 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Office equipment	Total
	£	£	£	£
Cost
At 1 April 2024	47,802	184,818	3,016	235,636
Additions	-	5,650	-	5,650
	_______	_______	_______	_______
At 31 March 2025	47,802	190,468	3,016	241,286
	_______	_______	_______	_______
Depreciation
At 1 April 2024	32,984	132,647	2,877	168,508
Charge for the year	4,409	25,262	139	29,810
	_______	_______	_______	_______
At 31 March 2025	37,393	157,909	3,016	198,318
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	10,409	32,559	-	42,968
	_______	_______	_______	_______
At 31 March 2024	14,818	52,171	139	67,128
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	3,277	-
Other debtors	93,659	208,668
	_______	_______
	96,936	208,668
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	67,527	53,920
Trade creditors	41,161	43,528
Social security and other taxes	7,335	12,880
Other creditors	12,871	73,710
	_______	_______
	128,894	184,038
	_______	_______

Of creditors falling due within one year £24,642 (2024: £26,145) are secured on the assets of the company.

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

	2025	2024
	£	£
Bank loans and overdrafts	23,598	29,167
Other creditors	23,602	67,556
	_______	_______
	47,200	96,723
	_______	_______

Of creditors falling due after more than one year £26,145 (2024: £49,685) are secured on the assets of the company.

Included within creditors: amounts falling due after more than one year is an amount of £ - (2024 £ 926 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Amounts repayable by instalments in more than five years are in respect of the company's bank loan.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

10. Operating leases

The company as lessee

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


	£	£

Not later than 1 year	-	14,000
	_______	_______

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Loan to The Vault House Limited	( 62,583)	32,036	23,570	86,153
Loan to Arila Property Limited	( 840)	( 833)	35,512	36,352
	_______	_______	_______	_______

The company has given an interest free loan to The Vault House Limited which is a company controlled by the directors. An amount of £77,088 (2024 £77,088) has been provided for as an impairment loss against this loan. The company has also given an interest-free loan to Arila Property Limited during the year, which is a company controlled by the directors.The company cancelled the management fee of £54,000 charged to The Vault House Limited in respect of management services. (2024: Management fee £ 54,000)

12. Controlling party

The company is controlled by Mr G. Williams and Mr J. Kennedy, who between them own all of the issued share capital in the company.