IRIS Accounts Production v25.4.0.155 10654620 Board of Directors 1.4.24 30.4.25 30.4.25 7.1.26 false true false false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10654620 2024-03-31 10654620 2025-04-30 10654620 2024-04-01 2025-04-30 10654620 2023-03-31 10654620 2023-04-01 2024-03-31 10654620 2024-03-31 10654620 ns15:EnglandWales 2024-04-01 2025-04-30 10654620 ns14:PoundSterling 2024-04-01 2025-04-30 10654620 ns10:Director1 2024-04-01 2025-04-30 10654620 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-04-30 10654620 ns10:SmallEntities 2024-04-01 2025-04-30 10654620 ns10:Audited 2024-04-01 2025-04-30 10654620 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-04-30 10654620 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-04-30 10654620 ns10:FullAccounts 2024-04-01 2025-04-30 10654620 1 2024-04-01 2025-04-30 10654620 ns5:CurrentFinancialInstruments 2025-04-30 10654620 ns5:CurrentFinancialInstruments 2024-03-31 10654620 ns5:Non-currentFinancialInstruments 2025-04-30 10654620 ns5:Non-currentFinancialInstruments 2024-03-31 10654620 ns5:ShareCapital 2025-04-30 10654620 ns5:ShareCapital 2024-03-31 10654620 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 10654620 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 10654620 ns10:RegisteredOffice 2024-04-01 2025-04-30 10654620 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-04-30 10654620 ns5:ComputerSoftware 2024-04-01 2025-04-30 10654620 ns5:FurnitureFittings 2024-04-01 2025-04-30 10654620 ns5:ComputerEquipment 2024-04-01 2025-04-30 10654620 ns5:IntangibleAssetsOtherThanGoodwill 2025-04-30 10654620 ns5:FurnitureFittings 2024-03-31 10654620 ns5:ComputerEquipment 2024-03-31 10654620 ns5:FurnitureFittings 2025-04-30 10654620 ns5:ComputerEquipment 2025-04-30 10654620 ns5:FurnitureFittings 2024-03-31 10654620 ns5:ComputerEquipment 2024-03-31 10654620 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 10654620 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: 10654620 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025 |

| FOR |

| VIRTUALNONEXECS LIMITED |

VIRTUALNONEXECS LIMITED (REGISTERED NUMBER: 10654620)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 2 |

VIRTUALNONEXECS LIMITED (REGISTERED NUMBER: 10654620)

BALANCE SHEET

30 APRIL 2025

| 2025 |  | 2024

| as restated

| (Unaudited)

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 94,450 |  | - |  |

Tangible assets | 5 | 9,865 |  | 17,852 |  |

104,315 |  | 17,852 |  |

CURRENT ASSETS

Debtors | 6 | 787,457 |  | 61,012 |  |

Cash at bank | 179,508 |  | 278,379 |  |

966,965 |  | 339,391 |  |

CREDITORS

Amounts falling due within one year | 7 | (523,203 | ) | (244,402 | ) |

NET CURRENT ASSETS | 443,762 |  | 94,989 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 548,077 |  | 112,841 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (15,833 | ) |

PROVISIONS FOR LIABILITIES | (2,466 | ) | - |  |

NET ASSETS | 545,611 |  | 97,008 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 545,511 |  | 96,908 |  |

545,611 |  | 97,008 |  |

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2026 and were signed on its behalf by:

D J Booth - Director

VIRTUALNONEXECS LIMITED (REGISTERED NUMBER: 10654620)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025

1. | STATUTORY INFORMATION

| Virtualnonexecs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 10654620

| Registered office: | Riverside House

| Irwell Street

| Manchester

| M3 5EN

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| 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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| 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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements have been prepared on a going concern basis, the functional and presentation currency is £ sterling.

| Preparation of consolidated financial statements

| The financial statements contain information about Virtualnonexecs Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, , .

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of nil years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures, fittings and office equipment |  | - | 33% on cost

| Computer equipment | - | 33% on cost

VIRTUALNONEXECS LIMITED (REGISTERED NUMBER: 10654620)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 7 (2024 - 3 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| Additions | 94,450 |  |

| At 30 April 2025 | 94,450 |  |

| NET BOOK VALUE

| At 30 April 2025 | 94,450 |  |

VIRTUALNONEXECS LIMITED (REGISTERED NUMBER: 10654620)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures, |

| fittings |

| and |

| office |  | Computer |

| equipment |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 42,445 |  | 14,650 |  | 57,095 |  |

| Additions | 1,848 |  | 5,299 |  | 7,147 |  |

| At 30 April 2025 | 44,293 |  | 19,949 |  | 64,242 |  |

| DEPRECIATION

| At 1 April 2024 | 30,566 |  | 8,677 |  | 39,243 |  |

| Charge for period | 9,320 |  | 5,814 |  | 15,134 |  |

| At 30 April 2025 | 39,886 |  | 14,491 |  | 54,377 |  |

| NET BOOK VALUE

| At 30 April 2025 | 4,407 |  | 5,458 |  | 9,865 |  |

| At 31 March 2024 | 11,879 |  | 5,973 |  | 17,852 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as restated

| (Unaudited)

£ | £ |

| Trade debtors | 37,799 |  | 35,300 |  |

| Amounts owed by group undertakings | 700,000 |  | - |  |

| Other debtors | 49,658 |  | 25,712 |  |

787,457 |  | 61,012 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as restated

| (Unaudited)

£ | £ |

| Bank loans and overdrafts | - |  | 10,000 |  |

| Trade creditors | 39,168 |  | 5,399 |  |

| Taxation and social security | 174,459 |  | 52,387 |  |

| Other creditors | 309,576 |  | 176,616 |  |

523,203 |  | 244,402 |  |

VIRTUALNONEXECS LIMITED (REGISTERED NUMBER: 10654620)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| as restated

| (Unaudited)

£ | £ |

| Bank loans | - |  | 15,833 |  |

9. | FINANCIAL INSTRUMENTS

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets, which include trade debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

| 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.

| Basic financial liabilities, including trade creditors, other creditors, and amounts owed to group undertakings, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

| Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Frederick Norman (Senior Statutory Auditor)

| for and on behalf of Harold Sharp Limited

11. | CONTINGENT LIABILITIES

| The company has entered into a cross guarantee with LCBSG Limited, Leonard Curtis Offshore, Leonard Curtis Legal Limited, Leonard Curtis UK Limited, Leonard Curtis C.I. Limited, Leonard Curtis Funding Limited, Newsource Commercial Finance Limited,, Reach Commercial Finance, Project Hallelujah Bidco Limited and LC Debt Solutions Limited in respect of bank borrowings. At 30 April 2025 an amount of £127,215 was owed by group companies to the bank (2024: £412,474).

VIRTUALNONEXECS LIMITED (REGISTERED NUMBER: 10654620)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025

12. | ULTIMATE CONTROLLING PARTY

| On 19 August 2025 as a result of new equity investment, the ultimate parent company changed to Maximus Topco Limited whose registered office is Riverside House, Irwell Street, Manchester , M3 5EN.

| At the reporting date,the smallest and largest group of which Virtualnonexecslimited is a member and for which consolidated financial statements are prepared is Project Hallelujah Bidco Limited. Copies of the consolidated accounts can be obtained from Companies House, Cardiff.

| The directors are of the opinion that there is no ultimate controlling party of Project Hallelujah Bidco Limited.