IRIS Accounts Production v23.3.1.45 13197974 Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131979742022-02-28131979742023-02-28131979742022-03-012023-02-28131979742021-02-11131979742021-02-122022-02-28131979742022-02-2813197974ns10:Originalns15:EnglandWales2022-03-012023-02-2813197974ns14:PoundSterlingns10:Original2022-03-012023-02-2813197974ns10:Originalns10:Director12022-03-012023-02-2813197974ns10:Original2022-03-012023-02-2813197974ns10:Originalns10:Director22022-03-012023-02-2813197974ns10:Original2023-02-2813197974ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2813197974ns10:Originalns10:SmallEntities2022-03-012023-02-2813197974ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2813197974ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2813197974ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2813197974ns10:Originalns10:FullAccounts2022-03-012023-02-2813197974ns10:Original2021-02-122022-02-2813197974ns10:Originalns10:RegisteredOffice2022-03-012023-02-2813197974ns10:Original2022-02-2813197974ns10:Originalns5:CurrentFinancialInstruments2023-02-2813197974ns10:Originalns5:CurrentFinancialInstruments2022-02-2813197974ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2813197974ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2813197974ns10:Originalns5:PlantMachinery2022-03-012023-02-2813197974ns10:Originalns5:LandBuildings2022-02-2813197974ns10:Originalns5:PlantMachinery2022-02-2813197974ns10:Original2022-02-2813197974ns10:Originalns5:LandBuildings2022-03-012023-02-2813197974ns10:Originalns5:LandBuildings2023-02-2813197974ns10:Originalns5:PlantMachinery2023-02-2813197974ns10:Originalns5:LandBuildings2022-02-2813197974ns10:Originalns5:PlantMachinery2022-02-2813197974ns10:Originalns5:CostValuation2022-02-2813197974ns10:Originalns5:AdditionsToInvestments2023-02-2813197974ns10:Originalns5:DisposalsRepaymentsInvestments2023-02-2813197974ns10:Originalns5:CostValuation2023-02-2813197974ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2813197974ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2813197974ns10:Originalns5:CurrentFinancialInstruments2022-03-012023-02-28
REGISTERED NUMBER: 13197974 (England and Wales)


















CLAXTON TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






CLAXTON TRADING LIMITED (REGISTERED NUMBER: 13197974)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLAXTON TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: J A Jackson-Stops
W A Jackson-Stops





REGISTERED OFFICE: 15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN





REGISTERED NUMBER: 13197974 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

CLAXTON TRADING LIMITED (REGISTERED NUMBER: 13197974)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 782,807 53,160
Investments 5 - 84,051
782,807 137,211

CURRENT ASSETS
Debtors 6 78,198 51,423
Cash at bank 264,010 1,032,895
342,208 1,084,318
CREDITORS
Amounts falling due within one year 7 1,050,744 1,127,914
NET CURRENT LIABILITIES (708,536 ) (43,596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,271

93,615

RESERVES
Retained earnings 74,271 93,615
SHAREHOLDERS' FUNDS 74,271 93,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

CLAXTON TRADING LIMITED (REGISTERED NUMBER: 13197974)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:




J A Jackson-Stops - Director



W A Jackson-Stops - Director


CLAXTON TRADING LIMITED (REGISTERED NUMBER: 13197974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Claxton Trading 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

CLAXTON TRADING LIMITED (REGISTERED NUMBER: 13197974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 March 2022 - 58,868 58,868
Additions 735,355 - 735,355
At 28 February 2023 735,355 58,868 794,223
DEPRECIATION
At 1 March 2022 - 5,708 5,708
Charge for year - 5,708 5,708
At 28 February 2023 - 11,416 11,416
NET BOOK VALUE
At 28 February 2023 735,355 47,452 782,807
At 28 February 2022 - 53,160 53,160

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 March 2022 84,051
Additions 17,860
Disposals (101,911 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 84,051

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 78,198 51,423

Included within other debtors is a loan to a Burcote Consultancy Limited for £50,000 (2022: £50,000), a company under the control of the director, Mr J Jackson-Stops. This loan in interest free and repayable on demand.

Included within other debtors is a loan to a Claxton Thoroughbreds Limited for £25,000 (2022: £nil), a company under common control. This loan in interest free and repayable on demand.

CLAXTON TRADING LIMITED (REGISTERED NUMBER: 13197974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 11,392
Taxation and social security 753 9,489
Other creditors 1,049,991 1,107,033
1,050,744 1,127,914

Included within other creditors is a loan from Burcotecourt Development Limited, a company under common control, for £598,991 (2022: £605,831). This loan is interest free and repayable on demand.