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REGISTERED NUMBER: 12161092 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

REXDON LIMITED

REXDON LIMITED (REGISTERED NUMBER: 12161092)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


REXDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: D Roe





REGISTERED OFFICE: 2 The Links
Herne Bay
Kent
CT6 7GQ





BUSINESS ADDRESS: Seafields
Cliff Road
BIRCHINGTON
Kent
CT7 9LS





REGISTERED NUMBER: 12161092 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

REXDON LIMITED (REGISTERED NUMBER: 12161092)

ABRIDGED BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 253,616 -
Investment property 6 1,750,000 1,750,000
2,003,616 1,750,000

CURRENT ASSETS
Stocks 1,156,852 692,925
Debtors 92,233 46,078
Cash at bank 21,326 53,856
1,270,411 792,859
CREDITORS
Amounts falling due within one year 1,447,722 1,040,234
NET CURRENT LIABILITIES (177,311 ) (247,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,826,305

1,502,625

CREDITORS
Amounts falling due after more than one
year

7

(1,190,624

)

(1,015,000

)

PROVISIONS FOR LIABILITIES (98,610 ) (98,610 )
NET ASSETS 537,071 389,015

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 420,390 420,390
Retained earnings 116,581 (31,475 )
537,071 389,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

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.

REXDON LIMITED (REGISTERED NUMBER: 12161092)

ABRIDGED BALANCE SHEET - continued
31ST AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th April 2024 and were signed by:





D Roe - Director


REXDON LIMITED (REGISTERED NUMBER: 12161092)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Rexdon 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Going concern
The accounts are prepared on a going concern basis as the director has committed to ensure funds are available to meet liabilities as they fall due.

REXDON LIMITED (REGISTERED NUMBER: 12161092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 261,005
At 31st August 2023 261,005
DEPRECIATION
Charge for year 7,389
At 31st August 2023 7,389
NET BOOK VALUE
At 31st August 2023 253,616

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 231,400
At 31st August 2023 231,400
DEPRECIATION
Charge for year 2,948
At 31st August 2023 2,948
NET BOOK VALUE
At 31st August 2023 228,452

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2022
and 31st August 2023 1,750,000
NET BOOK VALUE
At 31st August 2023 1,750,000
At 31st August 2022 1,750,000

Fair value at 31st August 2023 is represented by:
£   
Valuation in 2023 1,750,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,015,000 1,015,000

REXDON LIMITED (REGISTERED NUMBER: 12161092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,015,000 1,015,000

Yorkshire Building Society hold a first legal charge over the freehold land and buildings at Unit 6A & 6B , Invicta Way, Manston Park, Ramsgate, CT12 5HL.

9. RESERVES
Fair
value
reserve
£   
At 1st September 2022
and 31st August 2023 420,390

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2023 and 31st August 2022:

2023 2022
£    £   
D Roe
Balance outstanding at start of year (249,398 ) 8,500
Amounts advanced 6,615 18,506
Amounts repaid (62,500 ) (276,404 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (305,283 ) (249,398 )

Directors Loans are interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

At 31 August 2023 the company owed the following amounts to related parties:

Roe Stairs Limited £71,333.27
Director D Roe is also a director of Roe Stairs Limited and owns a significant proportion of the share capital of the company.

Roe Brickwork Limited £549,656.26
Director D Roe is also a director of Roe Brickwork Limited and owns some of the share capital of its parent company.

Roe TimberFrame Limited £333,625.96
Director D Roe is also a director of Roe Timberframe Limited and owns some of the share capital of its parent company.

Roe Limited £96,773
Director D Roe is also a director of Roe Limited and owns some of the share capital of the company of Roe Limited.

All of the transactions carried out with related parties are deemed to be carried out on an arms length basis and the amounts are repayable on demand.