Company No: 07376128 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	R J Church
	P J A Cunningham
	P J Davies (Appointed 11 November 2025)
	G M Fellows
	D L Hayward (Resigned 24 April 2025)
	M Ishakoglu
	M J Jarratt
	J C Nex
	H M Overton (Appointed 08 May 2025)
	M J Phillips
	E M Taylor (Appointed 04 December 2025)
	M C Whitton (Resigned 06 May 2025)
	L C Wright (Resigned 07 May 2026)

REGISTERED OFFICE	The Mount
	Paris Street
	Exeter
	EX1 2JY
	United Kingdom

COMPANY NUMBER

07376128 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	4,060		5,519
		4,060		5,519
Current assets
Debtors	5	68,533		144,077
Cash at bank and in hand	6	65,077		0
		133,610		144,077
Creditors: amounts falling due within one year	7	( 50,879)		( 140,846)
Net current assets		82,731		3,231
Total assets less current liabilities		86,791		8,750
Net assets		86,791		8,750
Reserves
Profit and loss account		86,791		8,750
Total reserves		86,791		8,750

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Inexeter Limited (registered number: 07376128) were approved and authorised for issue by the Board of Directors on 23 October 2026. They were signed on its behalf by:

M J Jarratt Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Inexeter Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Mount, Paris Street, Exeter, EX1 2JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the Company will continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents Business improvement District (BID) levy due for the year and other funds raised in order to assist with the company's operations.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year.

Taxation

Current tax
The company being a mutual trading entity does not pay corporation tax on its operations. Corporation tax will only become due if it relates to interest and other investment income.

Grant Income

Grants which relate to revenue are recognised in income in the period the related costs are incurred by the entity for which the grant is intended to compensate.

Expenditure

Expenditure will only be committed to where funds are deemed sufficient for costs to be covered. If Levy income is not paid on time, then decisions will be taken as to which projects can be met with the associated funds available.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs	5 years straight line
Trademarks, patents and licences	5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	5 years straight line
Computer equipment	5 years straight line

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Intangible assets

	Development costs		Trademarks, patents and licences		Total
	£		£		£
Cost
At 01 April 2025	3,950		9,600		13,550
At 31 March 2026	3,950		9,600		13,550
Accumulated amortisation
At 01 April 2025	3,950		9,600		13,550
At 31 March 2026	3,950		9,600		13,550
Net book value
At 31 March 2026	0		0		0
At 31 March 2025	0		0		0

4. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 April 2025	3,473		17,618		21,091
Additions	0		728		728
At 31 March 2026	3,473		18,346		21,819
Accumulated depreciation
At 01 April 2025	2,713		12,859		15,572
Charge for the financial year	267		1,920		2,187
At 31 March 2026	2,980		14,779		17,759
Net book value
At 31 March 2026	493		3,567		4,060
At 31 March 2025	760		4,759		5,519

5. Debtors

	2026		2025
	£		£
Trade debtors	12,038		32,105
Prepayments and accrued income	38,513		102,069
VAT recoverable	11,221		3,142
Other debtors	6,761		6,761
	68,533		144,077

6. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	65,077		0

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	0		2,050
Trade creditors	2,109		969
Accruals and deferred income	46,451		136,146
Other taxation and social security	0		( 90)
Other creditors	2,319		1,771
	50,879		140,846

8. Liability of members

The members of the Inexeter Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

9. Off Balance Sheet arrangements

InExeter Limited has off balance sheet commitments totaling £83,712 due within one year (2025- £82,392) and a further £317,424 due within 2-5 years (2025- £303,174) relating to outsourced service contracts.

10. Company Status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.