Virtualnonexecs Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10654620 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025

FOR

VIRTUALNONEXECS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

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

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

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.

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

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

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

office

Computer

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

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).

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.