Eximax Limited 04898123 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is of property rental. Digita Accounts Production Advanced 6.30.9574.0 true 04898123 2022-10-01 2023-09-30 04898123 2023-09-30 04898123 bus:Original 2023-09-30 04898123 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-09-30 04898123 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-09-30 04898123 core:CurrentFinancialInstruments 2023-09-30 04898123 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04898123 core:MotorVehicles 2023-09-30 04898123 bus:SmallEntities 2022-10-01 2023-09-30 04898123 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 04898123 bus:FullAccounts 2022-10-01 2023-09-30 04898123 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 04898123 bus:RegisteredOffice 2022-10-01 2023-09-30 04898123 bus:Director1 2022-10-01 2023-09-30 04898123 bus:Director2 2022-10-01 2023-09-30 04898123 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04898123 core:MotorVehicles 2022-10-01 2023-09-30 04898123 core:Vehicles 2022-10-01 2023-09-30 04898123 countries:EnglandWales 2022-10-01 2023-09-30 04898123 2022-09-30 04898123 core:MotorVehicles 2022-09-30 04898123 2021-10-01 2022-09-30 04898123 2022-09-30 04898123 core:CurrentFinancialInstruments 2022-09-30 04898123 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 04898123 core:MotorVehicles 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 04898123

Eximax Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Eximax Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Eximax Limited

Company Information

Directors

Mr A Hawkes

Mrs LM Hawkes

Registered office

Fawley House
2 Regatta Place Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Eximax Limited

(Registration number: 04898123)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

91,407

54,922

Investment property

5

1,662,719

1,662,719

Other financial assets

6

2,099,673

2,213,333

 

3,853,799

3,930,974

Current assets

 

Debtors

7

85,723

270,018

Cash at bank and in hand

 

260,769

332,477

 

346,492

602,495

Creditors: Amounts falling due within one year

8

(688,379)

(840,939)

Net current liabilities

 

(341,887)

(238,444)

Total assets less current liabilities

 

3,511,912

3,692,530

Provisions for liabilities

(315,730)

(292,283)

Net assets

 

3,196,182

3,400,247

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

947,190

1,246,050

Retained earnings

2,248,892

2,154,097

Shareholders' funds

 

3,196,182

3,400,247

For the financial year ending 30 September 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Eximax Limited

(Registration number: 04898123)
Balance Sheet as at 30 September 2023

Approved and authorised by the Board on 16 February 2023 and signed on its behalf by:
 

.........................................
Mr A Hawkes
Director

 

Eximax Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

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:
Fawley House
2 Regatta Place Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
United Kingdom

These financial statements were authorised for issue by the Board on 16 February 2023.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rents receivable. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Eximax Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

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

Motor Vehicles

25% Reducing Balance

Investment property

Investment property is carried as fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Listed fixed asset investments are measured at fair value through profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for rent receivable.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.

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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Eximax Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

56,090

56,090

Additions

97,500

97,500

Disposals

(56,090)

(56,090)

At 30 September 2023

97,500

97,500

Depreciation

At 1 October 2022

1,168

1,168

Charge for the year

15,247

15,247

Eliminated on disposal

(10,322)

(10,322)

At 30 September 2023

6,093

6,093

Carrying amount

At 30 September 2023

91,407

91,407

At 30 September 2022

54,922

54,922

5

Investment properties

2023
£

At 1 October

1,662,719

At 30 September

1,662,719

In the opinion of the directors, the open market values of the land and buildings at 30 September 2023 was equivalent to their cost.

 

Eximax Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2022

2,213,333

-

2,213,333

Fair value adjustments

(275,414)

-

(275,414)

Additions

-

161,754

161,754

At 30 September 2023

1,937,919

161,754

2,099,673

Carrying amount

At 30 September 2023

1,937,919

161,754

2,099,673

7

Debtors

2023
£

2022
£

Prepayments

2,079

3,304

Other debtors

83,644

266,714

85,723

270,018

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,465

2,477

Taxation and social security

38,310

30,417

Accruals and deferred income

2,014

228,970

Other creditors

644,590

579,075

688,379

840,939