| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st July 2026 |
| for |
| X-Press Legal Services (London) Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st July 2026 |
| for |
| X-Press Legal Services (London) Limited |
| X-Press Legal Services (London) Limited (Registered number: 08975312) |
| Contents of the Financial Statements |
| for the Year Ended 31st July 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| X-Press Legal Services (London) Limited |
| Company Information |
| for the Year Ended 31st July 2026 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| United Kingdom |
| BS32 4JY |
| X-Press Legal Services (London) Limited (Registered number: 08975312) |
| Balance Sheet |
| 31st July 2026 |
| 31.7.26 | 31.7.25 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| X-Press Legal Services (London) Limited (Registered number: 08975312) |
| Balance Sheet - continued |
| 31st July 2026 |
| The financial statements were approved by the director and authorised for issue on |
| X-Press Legal Services (London) Limited (Registered number: 08975312) |
| Notes to the Financial Statements |
| for the Year Ended 31st July 2026 |
| 1. | STATUTORY INFORMATION |
| X-Press Legal Services (London) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in Pounds Sterling (£), which is the Company's functional and presentation currency. |
| Critical accounting judgements and key sources of estimation uncertainty |
| In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. |
| The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods. |
| The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year: |
| Impairment of trade debtors - The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment, management considers factors including the ageing profile of debtors and historical experience. |
| Useful economic lives of tangible fixed assets - The annual depreciation charge depends on the estimated useful lives of assets. The directors review these estimates regularly based on the current condition of the assets and expected future use. |
| Turnover |
| Turnover represents amounts receivable for services provided during the year. Revenue is recognised as the service is performed, based on the stage of completion or when the service has been completed, depending on the nature of the engagement. |
| All turnover is derived from customers based in the United Kingdom. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Patents and licences |
| Franchise licence, being the amount paid in connection with obtaining the X-Press Legal Services franchise, classified as an asset on the balance sheet and amortised over the term of the agreement with the franchisor of 5 years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| X-Press Legal Services (London) Limited (Registered number: 08975312) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'. |
| Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument. |
| Basic financial assets: Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment. |
| Basic financial liabilities: Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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. |
| Going concern |
| The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and |
| licences |
| £ |
| COST |
| At 1st August 2025 |
| and 31st July 2026 |
| AMORTISATION |
| At 1st August 2025 |
| and 31st July 2026 |
| NET BOOK VALUE |
| At 31st July 2026 |
| At 31st July 2025 |
| X-Press Legal Services (London) Limited (Registered number: 08975312) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2026 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st August 2025 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31st July 2026 |
| DEPRECIATION |
| At 1st August 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31st July 2026 |
| NET BOOK VALUE |
| At 31st July 2026 |
| At 31st July 2025 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| Additions |
| At 31st July 2026 |
| DEPRECIATION |
| Charge for year |
| At 31st July 2026 |
| NET BOOK VALUE |
| At 31st July 2026 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.26 | 31.7.25 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments |
| 7. | CASH AT BANK |
| Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. |
| X-Press Legal Services (London) Limited (Registered number: 08975312) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2026 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.26 | 31.7.25 |
| £ | £ |
| Hire purchase contracts (see note 10) |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 11,839 | 13,606 |
| Other creditors |
| Directors' current accounts | 401 | 89 |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.26 | 31.7.25 |
| £ | £ |
| Hire purchase contracts (see note 10) |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 31.7.26 | 31.7.25 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 31.7.26 | 31.7.25 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.7.26 | 31.7.25 |
| £ | £ |
| Hire purchase contracts | 45,762 | 24,202 |
| Hire purchase contracts are secured over the underlying assets indicated in note 8. |
| X-Press Legal Services (London) Limited (Registered number: 08975312) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2026 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.26 | 31.7.25 |
| value: | £ | £ |
| Ordinary A | £1 | 50 | 50 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st August 2025 |
| Profit for the year |
| Dividends | ( |
) |
| At 31st July 2026 |
| 14. | CONTINGENT LIABILITIES |
| The Company had no contingent liabilities at the balance sheet date. |
| 15. | RELATED PARTY DISCLOSURES |
| During the year, the company entered into the following transactions with related parties: |
| Director's loan account: At the year end, the company owed £401 (2025: £89) to the director. The balance is unsecured, interest-free and repayable on demand. |
| Amounts owed by group undertakings: At the year end, £108,480 (2025: £65,980) was due from Mannion Holdings Ltd, the company’s parent undertaking. The balance is unsecured, interest-free and repayable on demand. |
| 16. | POST BALANCE SHEET EVENTS |
| There have been no material events after the balance sheet date requiring disclosure in these financial statements. |
| 17. | ULTIMATE CONTROLLING PARTY |
| The Company's immediate parent undertaking is Mannion Holdings Ltd, a company incorporated in England and Wales. |
| Mrs Linda Rosemary Mannion and Mr Thomas Mannion are the ultimate controlling parties of the company by virtue of their control of the company’s corporate shareholder. No individual ultimate controlling party has overall control of the company. |