Registration number: 05253920

Exciting Enterprises Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Exciting Enterprises Limited

(Registration number: 05253920)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	75,529	81,652
Current assets
Stocks	6	3,505	2,560
Cash at bank and in hand		42	1,461
		3,547	4,021
Creditors: Amounts falling due within one year	11	(391,229)	(224,819)
Net current liabilities		(387,682)	(220,798)
Total assets less current liabilities		(312,153)	(139,146)
Creditors: Amounts falling due after more than one year	11	(21,988)	(27,353)
Net liabilities		(334,141)	(166,499)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(334,241)	(166,599)
Shareholders' deficit		(334,141)	(166,499)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 October 2026
 

......................................... Mrs S M Cave Company secretary and director

Exciting Enterprises Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the director on 5 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the company will continue to rely on the support of its directors and shareholders.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and provision of services to customers.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Exciting Enterprises Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	3.33% straight line
Fixtures and fittings	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 6 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Exciting Enterprises Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under an operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 2).

Exciting Enterprises Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	16,475	16,475
At 31 October 2025	16,475	16,475
Amortisation
At 1 November 2024	16,475	16,475
At 31 October 2025	16,475	16,475
Carrying amount
At 31 October 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	180,431	84,767	265,198
At 31 October 2025	180,431	84,767	265,198
Depreciation
At 1 November 2024	99,216	84,330	183,546
Charge for the year	6,014	109	6,123
At 31 October 2025	105,230	84,439	189,669
Carrying amount
At 31 October 2025	75,201	328	75,529
At 31 October 2024	81,215	437	81,652

Exciting Enterprises Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	3,505	2,560

7

Debtors

	2025 £	2024 £
	-	-

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Exciting Enterprises Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

9	Related party transactions

Summary of transactions with other related parties

At the reporting date, the company owed £350,000 (2024 : £nil) to Exciting Enterprises Limited, a company related by common ownership and control.

The loan balance is included within creditors.

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank and other borrowings	21,988	27,353

Current loans and borrowings

	2025 £	2024 £
Bank and other borrowings	24,525	6,791

11

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	24,525	6,791
Amounts owed to related parties	9	350,000	200,238
Taxation and social security		13,804	12,700
Accruals and deferred income		2,900	5,090
		391,229	224,819

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	21,988	27,353