REGISTERED NUMBER: 04541906 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

AGENT X LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Antonis Sophocli

Mrs Sophoulla Sophocli

SECRETARY:

Mr Antonis Sophocli

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

04541906 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

5

975

29,507

Investment property

6

5,163,115

5,188,062

5,164,090

5,217,569

CURRENT ASSETS

Debtors

162,578

63,577

Cash at bank

218

79,359

162,796

142,936

CREDITORS

Amounts falling due within one year

941,418

1,108,260

NET CURRENT LIABILITIES

(778,622

)

(965,324

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,385,468

4,252,245

CREDITORS

Amounts falling due after more than one year

7

(2,262,594

)

(2,045,695

)

PROVISIONS FOR LIABILITIES

(196,401

)

(202,955

)

NET ASSETS

1,926,473

2,003,595

CAPITAL AND RESERVES

Called up share capital

8

1,010

1,010

Fair value reserve

9

821,454

821,454

Retained earnings

9

1,104,009

1,181,131

SHAREHOLDERS' FUNDS

1,926,473

2,003,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Balance Sheet for the year ended 30 September 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 30 June 2026 and were signed on its behalf by:

Mr Antonis Sophocli - Director

1.	STATUTORY INFORMATION

Agent X 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions 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 from 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 estimates 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.

There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements.

Turnover

Turnover represents rent receivable exclusive of value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% straight line

Fixtures, fittings and equip

-

25% straight line

Investment property

Investment property is shown at most recent valuation and is held for long-term investment. Investment property is initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment property whose fair value can be measured reliably are carried at fair value. The surplus or deficit is recognised in the income statement accumulated in the non-distributable reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the income statement for the period. The company engages independent valuers to assist the directors in determining fair value. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The company only enters into basic financial instruments transactions 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.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.Derivative financial instruments are initially recorded at cost and thereafter at fair value 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 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

333,488

Disposals

(2,431

)

At 30 September 2025

331,057

DEPRECIATION

At 1 October 2024

303,981

Charge for year

28,532

Eliminated on disposal

(2,431

)

At 30 September 2025

330,082

NET BOOK VALUE

At 30 September 2025

975

At 30 September 2024

29,507

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

5,188,062

Additions

749,834

Disposals

(774,781

)

At 30 September 2025

5,163,115

NET BOOK VALUE

At 30 September 2025

5,163,115

At 30 September 2024

5,188,062

Fair value at 30 September 2025 is represented by:

£

Valuation in 2003

77,643

Valuation in 2005

174,352

Valuation in 2006

130,000

Valuation in 2007

170,000

Valuation in 2008

(185,000

)

Valuation in 2017

524,770

Cost

4,271,350

5,163,115

Investment properties, comprising a portfolio of commercial and residential properties held for rental income and long-term capital appreciation, are included in the balance sheet at fair value of £5,163,115 as at 30 September 2025.

The directors have reviewed this carrying value at the balance sheet date and, having had regard to comparable market evidence in respect of properties of a similar type, location, size and condition, are of the opinion that it is not materially different from the fair value of the portfolio at that date.

No formal valuation has been obtained from an independent, professionally qualified valuer. The fair value has instead been determined by the directors based on their own review and analysis of comparable market data.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans - more than 5 years

1,573,423

1,350,630

Loans are secured by way of fixed and, where applicable, floating charges over the freehold and leasehold properties and other assets of the company, in favour of HSBC UK Bank plc, Hampshire Trust Bank plc, Paratus AMC Limited, Fleet Mortgages Limited and Acre Lane Funding 1 Ltd.

The charges in favour of Acre Lane Funding 1 Ltd were satisfied on 19 November 2025, following repayment of the associated loan. This occurred after the balance sheet date but prior to the approval of these financial statements.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary

£1

10

10

380

Ordinary A

£1

380

380

380

Ordinary B

£1

380

380

80

Ordinary C

£1

80

80

80

Ordinary D

£1

80

80

80

Ordinary E

£1

80

80

1,010

1,010

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 October 2024

1,181,131

821,454

2,002,585

Deficit for the year

(67,854

)

(67,854

)

Dividends

(9,268

)

(9,268

)

At 30 September 2025

1,104,009

821,454

1,925,463

10.	RELATED PARTY DISCLOSURES

Fresco Fisheries (UK) Limited

The directors also control Fresco Fisheries (UK) Limited as they hold a majority of its issued share capital.

As at the balance sheet date, the company owed £642,753 (2024 - £678,233) to Fresco Fisheries (UK) Ltd.

Fresco Prime Ltd

Fresco Prime Ltd is a wholly owned subsidiary of Fresco Fisheries (UK) Limited.

As at the balance sheet date, the company owed £59,000 (2024 - £56,000) to Fresco Prime Ltd.

Ignite Fitness Group Ltd

Ignite Fitness Group Ltd is a wholly owned subsidiary of Fresco Fisheries (UK) Limited.

As at the balance sheet date, Ignite Fitness Group Ltd owed the company £61,919 (2024 - £54,526).

Alpha Bears Day Care Nursery Ltd

Alpha Bears Day Care Nursery Ltd is a related party by virtue of the company being managed and controlled by a close family member of the directors of Agent X Limited.

Aa at the balance sheet date, the company owed Alpha Bears Day Care Nursery Ltd £300 (2024 - £23,000 owed by company).

11.	CONTROLLING PARTY

The directors, Mr Anthony Sophocli and his wife Mrs Sophie Sophocli, control the company by virtue of a controlling interest of 100% of the issued voting ordinary share capital of the company.