Company No: 14162240 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	944,378		3,090,228
Investments	5	0		41,970
		944,378		3,132,198
Current assets
Debtors	6	2,068,746		738,932
Cash at bank and in hand	7	574		91,359
		2,069,320		830,291
Creditors: amounts falling due within one year	8	( 3,068,389)		( 4,055,887)
Net current liabilities		(999,069)		(3,225,596)
Total assets less current liabilities		(54,691)		(93,398)
Creditors: amounts falling due after more than one year	9	( 73,855)		0
Net liabilities		( 128,546)		( 93,398)
Capital and reserves
Called-up share capital	11	1		1
Profit and loss account		( 128,547 )		( 93,399 )
Total shareholders' deficit		( 128,546)		( 93,398)

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sen4N Limited (registered number: 14162240) were approved and authorised for issue by the Director on 14 May 2026. They were signed on its behalf by:

Mr Philip Ledger Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sen4N Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
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 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 year 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property	not depreciated
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Computer equipment	15 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		1

4. Tangible assets

	Investment property		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2025	2,943,495		516		158,940		3,870		3,106,821
Additions	6,816		0		0		0		6,816
Disposals	( 2,116,375)		0		0		0		( 2,116,375)
At 31 December 2025	833,936		516		158,940		3,870		997,262
Accumulated depreciation
At 01 January 2025	0		149		16,124		320		16,593
Charge for the financial year	0		55		35,704		532		36,291
At 31 December 2025	0		204		51,828		852		52,884
Net book value
At 31 December 2025	833,936		312		107,112		3,018		944,378
At 31 December 2024	2,943,495		367		142,816		3,550		3,090,228

5. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	41,970		41,970
Disposals	( 41,970)		( 41,970)
At 31 December 2025	0		0
Carrying value at 31 December 2025	0		0
Carrying value at 31 December 2024	41,970		41,970

6. Debtors

	2025		2024
	£		£
Trade debtors	0		6,305
Prepayments	1,537		474
VAT recoverable	9,689		10,560
Other debtors	2,057,520		721,593
	2,068,746		738,932

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	574		91,359

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	455,000		0
Trade creditors	2,340		2,532
Amounts owed to director	2,559,315		3,907,480
Accruals	7,250		8,700
Deferred tax liability	27,611		36,684
Obligations under finance leases and hire purchase contracts	13,646		100,000
Other creditors	3,227		491
	3,068,389		4,055,887

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	73,855		0

There are no amounts included above in respect of which any security has been given by the small entity.

10. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 36,684)		0
Credited/(charged) to the Profit and Loss Account	9,073		( 36,684)
At the end of financial year	( 27,611)		( 36,684)

11. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
40 A Ordinary £0.01 shares of £ 0.01 each	0.40		0.40
40 B Ordinary £0.01 shares of £ 0.01 each	0.40		0.40
10 C Ordinary £0.01 shares of £ 0.01 each	0.10		0.10
10 D Ordinary £0.01 shares of £ 0.01 each	0.10		0.10
	1.00		1.00

12. Related party transactions

As at balance sheet date, the company owed £2,559,315 (2024: £3,907,481) to the director and shareholders of the company which is included within other creditors falling due within one year.

During the period, the Director rented a property from the company for a period, paying market rent of £24,000 (2024: £6,300).