REGISTERED NUMBER: 13956458 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LEXICOM LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

688

688

Investment property

5

980,000

980,000

980,688

980,688

CURRENT ASSETS

Debtors

6

18,832

18,832

Cash at bank and in hand

12,433

12,433

31,265

31,265

CREDITORS

Amounts falling due within one year

7

599,905

599,905

NET CURRENT LIABILITIES

(568,640

)

(568,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

412,048

412,048

CREDITORS

Amounts falling due after more than one year

8

(220,500

)

(220,500

)

PROVISIONS FOR LIABILITIES

10

(52,142

)

(52,142

)

NET ASSETS

139,406

139,406

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

139,306

139,306

SHAREHOLDERS' FUNDS

139,406

139,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 29 July 2026 and were signed by:

Mr D S Sunney - Director

1.	STATUTORY INFORMATION

Lexicom Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13956458

Registered office:

1 Waldegrave Street

Hastings

East Sussex

TN34 1SJ

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.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

33% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 April 2024

and 31 March 2025

1,027

Depreciation

At 1 April 2024

and 31 March 2025

339

Net book value

At 31 March 2025

688

At 31 March 2024

688

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

and 31 March 2025

980,000

Net book value

At 31 March 2025

980,000

At 31 March 2024

980,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

273,745

Cost

706,255

980,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

18,832

18,832

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

3,221

3,221

Other creditors

596,684

596,684

599,905

599,905

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

220,500

220,500

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

126,000

126,000

Amounts falling due between one and two years:

Other loans - 1-2 years

126,000

126,000

Amounts falling due between two and five years:

Other loans - 2-5 years

94,500

94,500

John Rudolf Tate and David Robert Tate hold the following charge over the company's investment property.

- 15 December 2022 - Freehold 4 and 5 Cornwallis Street, Hastings, East Sussex, TN34 1SS.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

52,142

52,142

Deferred

tax

£

Balance at 1 April 2024

52,142

Balance at 31 March 2025

52,142

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100