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Registered number: 07785479
IXleeds Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 September 2025
IXleeds Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Directors' Report | 2
Accountant's Report | 3
Statement of Income and Retained Earnings | 4
Balance Sheet | 5
Notes to the Financial Statements | 6—7

Page 1
IXleeds Limited
Company Information
For The Year Ended 30 September 2025
Company Information

Directors | Mr Ian Cleary
| Mr Mark Fordyce
| Mr Andrew Davidson
| Mr Richard Irving
Secretary | Dr Adam Beaumont
Company Number | 07785479
Registered Office | 11-15 Hunslet Road
| Leeds
| LS10 1JQ
Accountants | Parker Hartley & Co
| 2 Waverley Street
| The Groves
| York
| YO31 7QZ

Page 1
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IXleeds Limited
Company No. 07785479
Directors' Report For The Year Ended 30 September 2025
Directors' Report
The directors present their report and the financial statements for the year ended 30 September 2025.
Principal Activity
The Company in a neutral not for profit internet exchange point, to provide a switching platform to connect and share IP/internet traffic from internet service providers.
Directors
The directors who held office during the year were as follows:

Mr Ian Cleary
Mr Mark Fordyce
Mr Andrew Davidson
Mr Richard Irving

Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
By order of the board

Dr Adam Beaumont Company Secretary
18th May 2026

Page 2
Page 3
IXleeds Limited
Accountant's Report
For The Year Ended 30 September 2025
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of IXleeds Limited for the year ended 30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of IXleeds Limited for the year ended 30 September 2025 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which can be found on the IFA's website.
This report is made solely to the directors of IXleeds Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of IXleeds Limited and state those matters that we have agreed to state to the directors of IXleeds Limited , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IXleeds Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that IXleeds Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of IXleeds Limited . You consider that IXleeds Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of IXleeds Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

18th May 2026

Parker Hartley & Co
2 Waverley Street
The Groves
York
YO31 7QZ
Page 3
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IXleeds Limited
Statement of Income and Retained Earnings
For The Year Ended 30 September 2025
Statement of Income and Retained Earnings

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | - |  | 12,083
GROSS SURPLUS |  | - |  | 12,083
Administrative expenses |  | (9,859 ) |  | (11,958 )
OPERATING (DEFICIT)/SURPLUS AND (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |  | (9,859 ) |  | 125
RETAINED EARNINGS
As at 1 October 2024 |  | 78,210 |  | 78,085
As at 30 September 2025 |  | 68,351 |  | 78,210

The notes on pages 6 to 7 form part of these financial statements.
Page 4
Page 5
IXleeds Limited
Balance Sheet
As At 30 September 2025
Balance Sheet

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
CURRENT ASSETS
Debtors | 5 | 8,792 |  | 19,493 |
Cash at bank and in hand |  | 60,519 |  | 59,321 |
|  | 69,311 |  | 78,814 |
Creditors: Amounts Falling Due Within One Year | 6 | (960 ) |  | (604 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 68,351 |  | 78,210
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 68,351 |  | 78,210
NET ASSETS |  |  | 68,351 |  | 78,210
Income and Expenditure Account |  |  | 68,351 |  | 78,210
MEMBERS' FUNDS |  |  | 68,351 |  | 78,210

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mr Mark Fordyce Director
18th May 2026

The notes on pages 6 to 7 form part of these financial statements.
Page 5
Page 6
IXleeds Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
IXleeds Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 07785479 . The registered office is 11-15 Hunslet Road, Leeds, LS10 1JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 October 2024 | 2,432
As at 30 September 2025 | 2,432
Depreciation
As at 1 October 2024 | 2,432
As at 30 September 2025 | 2,432
Net Book Value
As at 30 September 2025 | -
As at 1 October 2024 | -

Page 6
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IXleeds Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 8,100 |  | 18,950
Other debtors | 692 |  | 543
| 8,792 |  | 19,493

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 460 |  | -
Other creditors | 500 |  | 604
| 960 |  | 604

7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Page 7