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REGISTERED NUMBER: 04178744 (England and Wales)

Exotic Palms and Spas Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

| Exotic Palms and Spas Limited (Registered number: 04178744) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Exotic Palms and Spas Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | C A Whitton

| REGISTERED OFFICE: | Unit B3 Laser Quay

| Culpepper Close

| Medway City Estate

| Rochester

| Kent

| ME2 4HU

| REGISTERED NUMBER: | 04178744 (England and Wales)

| ACCOUNTANTS: | Aggarwal & Co

| Chartered Accountants

| 5 London Road

| Rainham

| Gillingham

| Kent

| ME8 7RG

| Exotic Palms and Spas Limited (Registered number: 04178744) |

Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,598 |  | 2,012 |  |

CURRENT ASSETS

Inventories | 6,744 |  | 18,425 |  |

Debtors | 5 | 26,863 |  | 35,666 |  |

33,607 |  | 54,091 |  |

CREDITORS

Amounts falling due within one year | 6 | 253,520 |  | 233,230 |  |

NET CURRENT LIABILITIES | (219,913 | ) | (179,139 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (218,315 | ) | (177,127 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 6,939 |  | 11,704 |  |

NET LIABILITIES | (225,254 | ) | (188,831 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | (225,256 | ) | (188,833 | ) |

SHAREHOLDERS' FUNDS | (225,254 | ) | (188,831 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

| Exotic Palms and Spas Limited (Registered number: 04178744) |

Statement of Financial Position - continued

31 March 2025

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2026 and were signed by:

C A Whitton - Director

| Exotic Palms and Spas Limited (Registered number: 04178744) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Exotic Palms and Spas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| At the year end the company had net liabilities of £225,254 Included within creditors is an amount of £65,274 owed to the director and £65,106 owed to a business in which the director has an interest. The company is dependent on this financial support, which has continued since the year end. In addition the director has provided personal guarantees towards the company's borrowings.

| In view of the above and the director's expectations that the company will return to a profitable situation in the foreseeable future, the financial statements have been prepared on a going concern basis.

| Income recognition

| Turnover represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on cost and 20% on cost

| Inventories

| Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

| In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

| Financial instruments

| The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

| Exotic Palms and Spas Limited (Registered number: 04178744) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 34,625 |  | 63,466 |  | 98,091 |  |

| DEPRECIATION

| At 1 April 2024 | 34,625 |  | 61,454 |  | 96,079 |  |

| Charge for year | - |  | 414 |  | 414 |  |

| At 31 March 2025 | 34,625 |  | 61,868 |  | 96,493 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 1,598 |  | 1,598 |  |

| At 31 March 2024 | - |  | 2,012 |  | 2,012 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 281 |  | 1,228 |  |

| Other debtors | 26,582 |  | 34,438 |  |

26,863 |  | 35,666 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 67,920 |  | 63,645 |  |

| Trade creditors | 46,120 |  | 27,048 |  |

| Taxation and social security | 3,779 |  | - |  |

| Other creditors | 135,701 |  | 142,537 |  |

253,520 |  | 233,230 |  |

| Exotic Palms and Spas Limited (Registered number: 04178744) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 6,939 |  | 11,704 |  |

8. | LEASING AGREEMENTS

| The company had total commitments under non-cancellable operating leases of £12,000.

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 30,407 |  | 30,781 |  |

| The bank facilities and all loans are secured by personal guarantees from the director.