X Equals Productions Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of X Equals Productions Limited for the year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of X Equals Productions Limited for the year ended 31 October 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of X Equals Productions Limited , as a body, in accordance with the terms of our engagement letter dated 11 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of X Equals Productions Limited and state those matters that we have agreed to state to the director of X Equals Productions Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than X Equals Productions Limited and its director, as a body, for our work or for this report.

It is your duty to ensure that X Equals Productions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of X Equals Productions Limited . You consider that X Equals Productions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of X Equals Productions Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

31/07/2026

LK & Associates Limited

ICAEW Chartered Accountants

Annecy Court, Ferry Works

Summer Road

Thames Ditton

Surrey

KT7 0QJ

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X Equals Productions Limited

Balance Sheet

As At 31 October 2025

Balance Sheet

Registered number: 09844406

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,219		1,988
Tangible Assets	5		4,673		5,706

			5,892		7,694
CURRENT ASSETS
Debtors	6	166,210		250,375
Cash at bank and in hand		122,380		12,802

		288,590		263,177
Creditors: Amounts Falling Due Within One Year	7	(90,719 )		(60,671 )

NET CURRENT ASSETS (LIABILITIES)			197,871		202,506

TOTAL ASSETS LESS CURRENT LIABILITIES			203,763		210,200

Creditors: Amounts Falling Due After More Than One Year	8		-		(6,600 )

NET ASSETS			203,763		203,600

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			203,663		203,500

SHAREHOLDERS' FUNDS			203,763		203,600

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X Equals Productions Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

M E Pasha

Director

31/07/2026

The notes on pages 4 to 7 form part of these financial statements.

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X Equals Productions Limited

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

X Equals Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09844406 . The registered office is Annecy Court, Ferry Works, Summer Road, Thames Ditton, Surrey, KT7 0QJ.

The presentation currency of the financial statements is Pound Sterling (£).

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are software development. It is amortised to Profit and Loss Account over its estimated economic life of 4 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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X Equals Productions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other Intangible Assets
	£
Cost
As at 1 November 2024	3,079

As at 31 October 2025	3,079

...CONTINUED

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X Equals Productions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Amortisation
As at 1 November 2024	1,091
Provided during the period	769

As at 31 October 2025	1,860

Net Book Value
As at 31 October 2025	1,219

As at 1 November 2024	1,988

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 November 2024	11,171
Additions	1,859

As at 31 October 2025	13,030

Depreciation
As at 1 November 2024	5,465
Provided during the period	2,892

As at 31 October 2025	8,357

Net Book Value
As at 31 October 2025	4,673

As at 1 November 2024	5,706

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	21,321	109,691
Other debtors	144,889	140,684

	166,210	250,375

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X Equals Productions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,543	5,333
Bank loans and overdrafts	6,600	7,200
Other creditors	1,419	9,638
Taxation and social security	72,157	38,500

	90,719	60,671

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	6,600

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	6,077	6,077
Later than one year and not later than five years	5,571	11,648

	11,648	17,725

11. Related Party Transactions

At the balance sheet date, the company provided loans totalling £25,000 to TedxLondon Limited where M Pasha is also a director.

Loans have also been made to two other companies totalling £99,216.

These loans are unsecured and repayable on demand.

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