Xpedite Employee Ownership Trustee Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15978068

		2025
	Notes	£	£
FIXED ASSETS
Shares in group indertakings and participating interests	4		32,599,600

			32,599,600
CURRENT ASSETS
Cash at bank and in hand		1

		1
Creditors: Amounts Falling Due Within One Year	6	(32,599,600 )

NET CURRENT ASSETS (LIABILITIES)			(32,599,599 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1

NET ASSETS			1

CAPITAL AND RESERVES
Called up share capital	7		1

SHAREHOLDERS' FUNDS			1

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K Westerman

Director

10/06/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Xpedite Employee Ownership Trustee Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15978068 . The registered office is The Granary Southstoke Lane, Southstoke, Bath, BA2 7PQ.

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. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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

Basic financial assets, which include debtors and cash and bank balances, are initielly measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets ciassified as receivable within one year are not amortised.

Classification of financial liabilities

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 ts liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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 classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method

2.3. Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairmen: at each reporting ate and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and ‘where the company has significant influence. | he company considers that it has significant influence were it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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Xpedite Employee Ownership Trustee Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.4. Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and ions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ ‘rom these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL

4. Shares in group indertakings and participating interests

	Unlisted
	£
Cost or Valuation
As at 25 September 2024	-
Additions	32,599,600

As at 30 September 2025	32,599,600

Provision
As at 25 September 2024	-

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	32,599,600

As at 25 September 2024	-

6. Creditors: Amounts Falling Due Within One Year

	2025
	£
Other creditors	32,599,600

7. Share Capital

	2025
	£
Allotted, Called up and fully paid	1

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