REGISTERED NUMBER: 08889386 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Saxnet Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J P Batson

J P Batson

REGISTERED OFFICE:

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

REGISTERED NUMBER:

08889386 (England and Wales)

FIXED ASSETS

Intangible assets

5

84,000

125,000

Investments

6

1

1

84,001

125,001

CURRENT ASSETS

Debtors

7

373,215

359,110

Cash at bank

62,090

17,746

435,305

376,856

CREDITORS

Amounts falling due within one year

8

(95,953

)

(96,754

)

NET CURRENT ASSETS

339,352

280,102

TOTAL ASSETS LESS CURRENT LIABILITIES

423,353

405,103

CAPITAL AND RESERVES

Called up share capital

400,000

400,000

Retained earnings

23,353

5,103

423,353

405,103

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

J P Batson - Director

1.	STATUTORY INFORMATION

Saxnet Limited ('The Company') holds trademarks and receives royalties relating there to.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF and the registered number is 08889386.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Royalties received

Royalties income is shown as turnover and is recognised on an accruals basis in relation to the financial period the income relates to.

Intangible assets

Intangible assets including trademarks, are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised over ten years.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Fixed asset investment

Unlisted investments are shown at cost less any impairment loss.

Investment income is included in other income.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Trademarks

£

COST

At 1 January 2025

and 31 December 2025

410,000

AMORTISATION

At 1 January 2025

285,000

Amortisation for year

41,000

At 31 December 2025

326,000

NET BOOK VALUE

At 31 December 2025

84,000

At 31 December 2024

125,000

6.	FIXED ASSET INVESTMENTS

Interest

in group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

The company owns a share in Saxnet Ireland Limited, a dormant company registered in the Republic of Ireland.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

58,072

199,110

Other debtors

315,143

160,000

373,215

359,110

Amounts due from related parties are unsecured, interest free and repayable on demand.

Amounts due from directors are unsecured, interest bearing and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,124

4,610

Taxation and social security

56,907

60,475

Other creditors

29,922

31,669

95,953

96,754

Amounts due to related parties are unsecured, interest free and repayable on demand.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period interest receivable of £1,585 (2025: £Nil) has been charged in respect of director's loans.

10.	RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

Entities over which the directors have control:

2025

2024

£

£

Sales

208,629

211,864

Owed by entities

373,072

359,109

Owed to entities

1

1