IRIS Accounts Production v26.2.0.496 05322432 Board of Directors Board of Directors 1.1.25 31.12.25 31.12.25 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05322432 2024-12-31 05322432 2025-12-31 05322432 2025-01-01 2025-12-31 05322432 2023-12-31 05322432 2024-01-01 2024-12-31 05322432 2024-12-31 05322432 ns15:EnglandWales 2025-01-01 2025-12-31 05322432 ns14:PoundSterling 2025-01-01 2025-12-31 05322432 ns10:Director1 2025-01-01 2025-12-31 05322432 ns10:Director2 2025-01-01 2025-12-31 05322432 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05322432 ns10:SmallEntities 2025-01-01 2025-12-31 05322432 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05322432 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 05322432 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05322432 ns10:FullAccounts 2025-01-01 2025-12-31 05322432 ns10:Director3 2025-01-01 2025-12-31 05322432 ns10:CompanySecretary1 2025-01-01 2025-12-31 05322432 ns10:RegisteredOffice 2025-01-01 2025-12-31 05322432 ns5:CurrentFinancialInstruments 2025-12-31 05322432 ns5:CurrentFinancialInstruments 2024-12-31 05322432 ns5:ShareCapital 2025-12-31 05322432 ns5:ShareCapital 2024-12-31 05322432 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 05322432 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 05322432 ns5:LandBuildings 2024-12-31 05322432 ns5:ComputerEquipment 2024-12-31 05322432 ns5:LandBuildings 2025-01-01 2025-12-31 05322432 ns5:ComputerEquipment 2025-01-01 2025-12-31 05322432 ns5:LandBuildings 2025-12-31 05322432 ns5:ComputerEquipment 2025-12-31 05322432 ns5:LandBuildings 2024-12-31 05322432 ns5:ComputerEquipment 2024-12-31 05322432 ns5:CostValuation 2024-12-31 05322432 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 05322432 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: 05322432 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS

| FOR THE YEAR ENDED 31 DECEMBER 2025

| FOR

| MAXEN LIMITED

MAXEN LIMITED (REGISTERED NUMBER: 05322432)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MAXEN LIMITED

COMPANY INFORMATION

for the Year Ended 31 December 2025

| DIRECTORS: | S A Dawson

| M J Merryweather

| Mrs C C Wilson

| SECRETARY: | Mrs C C Wilson

| REGISTERED OFFICE: | Lee Smith Street

| Hedon Road

| Hull

| HU9 1SD

| REGISTERED NUMBER: | 05322432 (England and Wales)

| ACCOUNTANTS: | Sowerby

| Chartered Accountants

| Beckside Court

| Annie Reed Road

| Beverley

| East Yorkshire

| HU17 0LF

MAXEN LIMITED (REGISTERED NUMBER: 05322432)

BALANCE SHEET

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 270,356 |  | 276,462 |  |

Investments | 5 | 700,000 |  | 800,000 |  |

970,356 |  | 1,076,462 |  |

CURRENT ASSETS

Debtors | 6 | 1,859 |  | 29,664 |  |

Cash at bank and in hand | 41,423 |  | 37,279 |  |

43,282 |  | 66,943 |  |

CREDITORS

Amounts falling due within one year | 7 | 647,186 |  | 704,134 |  |

NET CURRENT LIABILITIES | (603,904 | ) | (637,191 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 366,452 |  | 439,271 |  |

PROVISIONS FOR LIABILITIES | 89 |  | 116 |  |

NET ASSETS | 366,363 |  | 439,155 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | 266,363 |  | 339,155 |  |

366,363 |  | 439,155 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

MAXEN LIMITED (REGISTERED NUMBER: 05322432)

BALANCE SHEET - continued

31 December 2025

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 Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

S A Dawson - Director

M J Merryweather - Director

MAXEN LIMITED (REGISTERED NUMBER: 05322432)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Maxen Limited is a private company, limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Lee Smith Street, Hedon Road, East Yorkshire, HU9 1SD.

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

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.

| Preparation of consolidated financial statements

| The financial statements contain information about Maxen Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

| Turnover from the sale of goods is recognised at the point of sale.

| Tangible fixed assets

| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

| Computer equipment |  | 33% straight line |  |

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

| 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 balance sheet date.

MAXEN LIMITED (REGISTERED NUMBER: 05322432)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2024 - 10 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Computer |

| property |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 January 2025

| and 31 December 2025 | 300,000 |  | 1,861 |  | 301,861 |  |

| DEPRECIATION

| At 1 January 2025 | 24,000 |  | 1,399 |  | 25,399 |  |

| Charge for year | 6,000 |  | 106 |  | 6,106 |  |

| At 31 December 2025 | 30,000 |  | 1,505 |  | 31,505 |  |

| NET BOOK VALUE

| At 31 December 2025 | 270,000 |  | 356 |  | 270,356 |  |

| At 31 December 2024 | 276,000 |  | 462 |  | 276,462 |  |

MAXEN LIMITED (REGISTERED NUMBER: 05322432)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 December 2025 is represented by:

| Freehold |  | Computer |

| property |  | equipment |  | Totals

£ | £ | £ |

| Valuation in 2025 | 300,000 |  | - |  | 300,000 |  |

| Cost | - |  | 1,861 |  | 1,861 |  |

300,000 |  | 1,861 |  | 301,861 |  |

| Freehold land and buildings were valued on an open market basis basis on 31 December 2025 by the directors .

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1,608,000 |  |

| PROVISIONS

| At 1 January 2025 | 808,000 |  |

| Provision for year | 100,000 |  |

| At 31 December 2025 | 908,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 700,000 |  |

| At 31 December 2024 | 800,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 27,600 |  |

| Prepayments | 1,859 |  | 2,064 |  |

1,859 |  | 29,664 |  |

MAXEN LIMITED (REGISTERED NUMBER: 05322432)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 2,501 |  | 1,897 |  |

| Amounts owed to group undertakings | 611,359 |  | 666,598 |  |

| Tax | - |  | 9,500 |  |

| Social security and other taxes | 30,986 |  | 24,006 |  |

| Other creditors | 527 |  | 235 |  |

| Accrued expenses | 1,813 |  | 1,898 |  |

647,186 |  | 704,134 |  |

8. | ULTIMATE CONTROLLING PARTY

| The company is controlled by it's directors, none of whom has overall control.