Company registration number 16038975 (England and Wales)
PXT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
PXT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PXT LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
Notes
£
£
Fixed assets
Investments
3
13,075,592
Current assets
Cash at bank and in hand
6,652,415
Creditors: amounts falling due within one year
5
(14,872,686)
Net current liabilities
(8,220,271)
Total assets less current liabilities
4,855,321
Provisions for liabilities
(1,012,772)
Net assets
3,842,549
Capital and reserves
Called up share capital
250
Non-distributable profits reserve
6
3,038,315
Distributable profit and loss reserves
803,984
Total equity
3,842,549

For the financial period ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 23 July 2026
P W F Timmermans
Director
Company registration number 16038975 (England and Wales)
PXT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

PXT LTD is a private company limited by shares incorporated in England and Wales. The registered office is 1504 Koa House, 15 Electric Boulevard, London, SW11 8DH.

1.1
Reporting period

The entity's first reporting period covers the period from 24 October 2024 (date of incorporation) to 31 March 2026. Accordingly, these are the entity's first financial statements and no comparative figures have been presented. The reporting period is longer than one year to align the entity's financial year end to 31 March.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investments and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Fixed asset investments

Investments are included at fair value. Gains are recognised in profit or loss and transferred to the non distributable reserve. Deferred taxation is provided on these gains at the rate expected to apply when the investment is sold.

Dividend and interest income are recognised when the company's entitlement to the income has been established.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

PXT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2026
Number
Total
0
3
Fixed asset investments
2026
£
Other investments other than loans
13,075,592
PXT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2026
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 24 October 2024
-
Additions
15,754,995
Valuation changes
5,081,190
Disposals
(7,760,593)
At 31 March 2026
13,075,592
Carrying amount
At 31 March 2026
13,075,592
4
Financial instruments
2026
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
13,075,592
5
Creditors: amounts falling due within one year
2026
£
Corporation tax
256,552
Other creditors
14,616,134
14,872,686
6
Non-distributable profits reserve
2026
£
At the beginning of the period
-
Non distributable profits in the period
3,038,315
At the end of the period
3,038,315
7
Directors' transactions

During the year the director provided an interest free loan to the company that is repayable on demand. The balance at the year end was £14,612,534.

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