BrightAccountsProduction v1.0.0 v1.0.0 2024-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continued to be that of PR Marketing consultancy & sponsorship contracts. 25 February 2026 2 2 11123168 2025-05-31 11123168 2024-05-31 11123168 2023-05-31 11123168 2024-06-01 2025-05-31 11123168 2023-06-01 2024-05-31 11123168 uk-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11123168 uk-curr:PoundSterling 2024-06-01 2025-05-31 11123168 uk-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 11123168 uk-bus:FullAccounts 2024-06-01 2025-05-31 11123168 uk-core:ShareCapital 2025-05-31 11123168 uk-core:ShareCapital 2024-05-31 11123168 uk-core:RetainedEarningsAccumulatedLosses 2025-05-31 11123168 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 11123168 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-05-31 11123168 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 11123168 uk-bus:FRS102 2024-06-01 2025-05-31 11123168 uk-core:MotorVehicles 2024-06-01 2025-05-31 11123168 uk-core:ComputerEquipment 2024-06-01 2025-05-31 11123168 uk-core:CostValuation 2025-05-31 11123168 uk-core:CurrentFinancialInstruments 2025-05-31 11123168 uk-core:CurrentFinancialInstruments 2024-05-31 11123168 uk-core:WithinOneYear 2025-05-31 11123168 uk-core:WithinOneYear 2024-05-31 11123168 uk-core:WithinOneYear 2025-05-31 11123168 uk-core:WithinOneYear 2024-05-31 11123168 uk-core:AfterOneYear 2025-05-31 11123168 uk-core:AfterOneYear 2024-05-31 11123168 uk-core:BetweenOneTwoYears 2025-05-31 11123168 uk-core:BetweenOneTwoYears 2024-05-31 11123168 uk-core:EmployeeBenefits 2024-05-31 11123168 uk-core:EmployeeBenefits 2024-06-01 2025-05-31 11123168 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-05-31 11123168 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-05-31 11123168 uk-core:OtherDeferredTax 2025-05-31 11123168 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-05-31 11123168 uk-core:EmployeeBenefits 2025-05-31 11123168 2024-06-01 2025-05-31 11123168 uk-bus:Director1 2024-06-01 2025-05-31 11123168 uk-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 xbrli:pure iso4217:GBP xbrli:shares

Felix Ventures Ltd

Unaudited Financial Statements

for the financial year ended 31 May 2025

Felix Ventures Ltd

Company Registration Number: 11123168

STATEMENT OF FINANCIAL POSITION

as at 31 May 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Non-Current Assets

Property, plant and equipment |  | 4 | 9,169 |  | 12,225
Financial assets |  | 5 | 150 |  | 150
|  |  | ───────── |  | ─────────
Non-Current Assets |  |  | 9,319 |  | 12,375
|  |  | ───────── |  | ─────────
Current Assets

Receivables |  | 6 | 103,397 |  | 69,666
Cash and cash equivalents |  |  | 22,422 |  | 38,510
|  |  | ───────── |  | ─────────
|  |  | 125,819 |  | 108,176
|  |  | ───────── |  | ─────────
Payables: amounts falling due within one year |  | 7 | (113,881) |  | (100,984)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 11,938 |  | 7,192
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 21,257 |  | 19,567
Payables:

amounts falling due after more than one year |  | 8 | (356) |  | (6,656)
Provisions for liabilities |  | 9 | (2,292) |  | (3,056)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 18,609 |  | 9,855
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | 18,509 |  | 9,755
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 18,609 |  | 9,855
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 25 February 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr Christopher James Foster |  |  |  |  |
Director |  |  |  |  |

Felix Ventures Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 May 2025

1. | General Information
| Felix Ventures Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 11123168. The registered office of the company is The Oast, EMR Centre, New Road, East Malling, Kent, ME19 6BJ. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 May 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax, for marketing consultancy & sponsorship contracts
| Property, plant and equipment and depreciation
| Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
|  | Motor vehicles | - | 25% Reducing balance
|  | Computer equipment | - | 25% Reducing balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Financial assets
| Unlisted investments in associated companies are valued at cost.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 2, (2024 - 2).
|  | 2025 | 2024
|  | Number | Number
| Average number of persons employed | 2 | 2
|  | ═════════ | ═════════

4. | Property, plant and equipment
|  | Motor | Computer | Total
|  | vehicles | equipment |
|  | £ | £ | £
| Cost
| At 1 June 2024 | 20,995 | 1,211 | 22,206
|  | ───────── | ───────── | ─────────
| At 31 May 2025 | 20,995 | 1,211 | 22,206
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 June 2024 | 9,185 | 796 | 9,981
| Charge for the financial year | 2,952 | 104 | 3,056
|  | ───────── | ───────── | ─────────
| At 31 May 2025 | 12,137 | 900 | 13,037
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 May 2025 | 8,858 | 311 | 9,169
|  | ═════════ | ═════════ | ═════════
| At 31 May 2024 | 11,810 | 415 | 12,225
|  | ═════════ | ═════════ | ═════════

5. | Financial fixed assets
|  | Group and
|  | participating
|  | interests/
|  | joint ventures
| Investments | £
| Cost
| At 31 May 2025 | 150
|  | ─────────
| Net book value
| At 31 May 2025 | 150
|  | ═════════
| At 31 May 2024 | 150
|  | ═════════
| Investments in Navigate Partners Ltd, an associated company are valued at cost.

6. | Receivables | 2025 | 2024
|  | £ | £
| Amounts owed by related parties | 5,652 | 3,781
| Prepayments and accrued income | 97,745 | 65,885
|  | ───────── | ─────────
|  | 103,397 | 69,666
|  | ═════════ | ═════════

7. | Payables | 2025 | 2024
| Amounts falling due within one year | £ | £
| Bank loan | 6,576 | 6,677
| Trade payables | 10,650 | 10,650
| Taxation | 68,975 | 70,279
| Other creditors | 730 | 5,664
| Accruals | 26,950 | 7,714
|  | ───────── | ─────────
|  | 113,881 | 100,984
|  | ═════════ | ═════════

8. | Payables | 2025 | 2024
| Amounts falling due after more than one year | £ | £
| Bank loan | 356 | 6,656
|  | ═════════ | ═════════
| Loans
| Repayable in one year or less, or on demand (Note 7) | 6,576 | 6,677
| Repayable between one and two years | 356 | 6,656
|  | ───────── | ─────────
|  | 6,932 | 13,333
|  | ═════════ | ═════════

9. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Total | Total
|  | allowances |  |
|  |  | 2025 | 2024
|  | £ | £ | £
| At financial year start | 3,056 | 3,056 | 4,075
| Charged to profit and loss | (764) | (764) | (1,019)
|  | ───────── | ───────── | ─────────
| At financial year end | 2,292 | 2,292 | 3,056
|  | ═════════ | ═════════ | ═════════