REGISTERED NUMBER: 12342054 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BAXENDALE EMPLOYEE OWNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E S Hall

E A Alston

REGISTERED OFFICE:

Runway East

279 Tottenham Court Road

London

W1T 7RJ

REGISTERED NUMBER:

12342054 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

4

12,778

6,263

CURRENT ASSETS

Debtors

5

431,095

325,248

Cash at bank

906,003

641,963

1,337,098

967,211

CREDITORS

Amounts falling due within one year

6

798,343

595,892

NET CURRENT ASSETS

538,755

371,319

TOTAL ASSETS LESS CURRENT LIABILITIES

551,533

377,582

PROVISIONS FOR LIABILITIES

1,566

1,566

NET ASSETS

549,967

376,016

CAPITAL AND RESERVES

Called up share capital

75,000

75,000

Retained earnings

474,967

301,016

549,967

376,016

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 18 August 2026 and were signed on its behalf by:

E S Hall - Director

1.	STATUTORY INFORMATION

Baxendale Employee Ownership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£) which is rounded to the nearest pound (£).

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.

Turnover

Turnover represents amounts receivable for consultancy services rendered by the entity to assist traditional companies with the transition to becoming employee-owned businesses.

Turnover is recognised in the period for which the services are rendered and based on the stage of completion.

Tangible fixed assets

Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at rates between 15% to 33% per annum.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employee benefits

The cost of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

18,477

Additions

11,278

At 31 December 2025

29,755

DEPRECIATION

At 1 January 2025

12,214

Charge for year

4,763

At 31 December 2025

16,977

NET BOOK VALUE

At 31 December 2025

12,778

At 31 December 2024

6,263

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

259,859

200,556

Other debtors

171,236

124,692

431,095

325,248

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,806

10,439

Taxation and social security

217,450

93,109

Other creditors

567,087

492,344

798,343

595,892

7.	PENSION COMMITMENTS

At the balance sheet date, unpaid contributions of £74,292 (2024 - £56,797) were due and are paid within 9 months of the end of the accounting period. They are included in other creditors.

8.	OFF-BALANCE SHEET ARRANGEMENTS

As at 31 December 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £15,504 (2024 - £46,512).

9.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Baxendale Employee Ownership Trustees Limited as trustee of the Baxendale Employee Ownership Trust (a trust where the assets are held for the benefit of the employees). Baxendale Employee Ownership Trustees Limited was incorporated and is a registered company in Scotland.