REGISTERED NUMBER: 07292723 (England and Wales)

Unaudited Financial Statements

for the Period 30 June 2024 to 29 December 2025

for

Nedex Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L Dexter

G Dexter

S Askew

REGISTERED OFFICE:

Thornton House Farm

Sutton Lane

Barmby Moor

York

YO42 4DD

REGISTERED NUMBER:

07292723 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Intangible assets

4

4,125

5,250

Tangible assets

5

46,831

57,710

Investment property

6

500,000

500,000

550,956

562,960

CURRENT ASSETS

Debtors

16,386

13,718

Cash at bank

(7,077

)

(8,861

)

9,309

4,857

CREDITORS

Amounts falling due within one year

589,272

590,694

NET CURRENT LIABILITIES

(579,963

)

(585,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,007

)

(22,877

)

CREDITORS

Amounts falling due after more than one year

64,666

91,486

NET LIABILITIES

(93,673

)

(114,363

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(93,773

)

(114,463

)

SHAREHOLDERS' FUNDS

(93,673

)

(114,363

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 29 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

Ms L Dexter - Director

1.	STATUTORY INFORMATION

Nedex Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

At the balance sheet date, the company's liabilities exceed its assets. The company has received assurance from the directors that the company has adequate resources to continue in operational existence for twelve months from the date of approval of these financial statements. On this basis, the director considers it appropriate to prepare accounts on a going concern basis.

However, should financial support mentioned above not be forthcoming, the going concern basis used in preparing the company accounts may be invalid and adjustment would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 30 June 2024

and 29 December 2025

15,000

AMORTISATION

At 30 June 2024

9,750

Amortisation for period

1,125

At 29 December 2025

10,875

NET BOOK VALUE

At 29 December 2025

4,125

At 29 June 2024

5,250

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 30 June 2024

164,465

Additions

804

At 29 December 2025

165,269

DEPRECIATION

At 30 June 2024

106,755

Charge for period

11,683

At 29 December 2025

118,438

NET BOOK VALUE

At 29 December 2025

46,831

At 29 June 2024

57,710

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 June 2024

and 29 December 2025

500,000

NET BOOK VALUE

At 29 December 2025

500,000

At 29 June 2024

500,000

The fair value of investment property is determined using the director's valuation technique, which considers market conditions, comparable sales, and other relevant factors.

7.	SECURED DEBTS

The following secured debts are included within creditors:

29.12.25

29.6.24

£

£

Lloyds Loan

-

106,492

New Lloyds Loan

85,086

-

85,086

106,492

Loans of £85,086 are secured by a fixed and floating charge over the assets of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.12.25

29.6.24

value:

£

£

100

Ordinary shares

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29 December 2025 and the year ended 29 June 2024:

29.12.25

29.6.24

£

£

Ms L Dexter

Balance outstanding at start of period

(556,293

)

(559,664

)

Amounts advanced

(16,530

)

(15,506

)

Amounts repaid

16,034

18,877

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(556,789

)

(556,293

)

S Askew

Balance outstanding at start of period

-

-

Amounts advanced

(1,129

)

-

Amounts repaid

754

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(375

)

-

G Dexter

Balance outstanding at start of period

-

-

Amounts advanced

(2,976

)

-

Amounts repaid

529

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(2,447

)

-

10.	RELATED PARTY DISCLOSURES

The director loan of £559,611is money advanced to the Company by the Director as at 29 December 2025. The loan is unsecured and interest free. The loan is repayable on demand.