REGISTERED NUMBER: 05322432 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MAXEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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