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REGISTERED NUMBER: 04366302 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

George Cox (Holdings) Limited

George Cox (Holdings) Limited (Registered number: 04366302)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


George Cox (Holdings) Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: C F Cox
Mrs A M Cox
M Holroyd





REGISTERED OFFICE: Hall Lane Works
Hall Lane
Farnworth
Bolton
BL4 7QF





REGISTERED NUMBER: 04366302 (England and Wales)





ACCOUNTANTS: Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
North Yorkshire
YO21 1QL

George Cox (Holdings) Limited (Registered number: 04366302)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,007 151,933
Investments 5 300,000 600,000
Investment property 6 570,000 570,000
986,007 1,321,933

CURRENT ASSETS
Debtors 7 1,213,541 1,241,732
Cash at bank 283,368 57,197
1,496,909 1,298,929
CREDITORS
Amounts falling due within one year 8 892,819 906,238
NET CURRENT ASSETS 604,090 392,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,590,097

1,714,624

CREDITORS
Amounts falling due after more than one
year

9

(78,819

)

(157,750

)

PROVISIONS FOR LIABILITIES (29,002 ) (28,867 )
NET ASSETS 1,482,276 1,528,007

CAPITAL AND RESERVES
Called up share capital 10 32,980 32,980
Share premium 121,092 121,092
Capital redemption reserve 46,771 46,771
Retained earnings 1,281,433 1,327,164
SHAREHOLDERS' FUNDS 1,482,276 1,528,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

George Cox (Holdings) Limited (Registered number: 04366302)

Balance Sheet - continued
30 September 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 5 March 2024 and were signed on its behalf by:





C F Cox - Director


George Cox (Holdings) Limited (Registered number: 04366302)

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

1. STATUTORY INFORMATION

George Cox (Holdings) 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents rent from investment properties, amounts receivable for plant and machinery hire and income generated through management charges.

Rental income is recognised on an accruals basis. Amounts receivable for both plant and machinery hire and income generated through management charges are recognised as the service is provided.

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 cost
Motor vehicles - 25% on cost

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

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.


George Cox (Holdings) Limited (Registered number: 04366302)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

Retirement benefits
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 215,183 221,074 436,257
Additions 19,794 - 19,794
Disposals (654 ) - (654 )
At 30 September 2023 234,323 221,074 455,397
DEPRECIATION
At 1 October 2022 189,018 95,306 284,324
Charge for year 12,603 43,117 55,720
Eliminated on disposal (654 ) - (654 )
At 30 September 2023 200,967 138,423 339,390
NET BOOK VALUE
At 30 September 2023 33,356 82,651 116,007
At 30 September 2022 26,165 125,768 151,933

George Cox (Holdings) Limited (Registered number: 04366302)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022 600,000
Disposals (300,000 )
At 30 September 2023 300,000
NET BOOK VALUE
At 30 September 2023 300,000
At 30 September 2022 600,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 570,000
NET BOOK VALUE
At 30 September 2023 570,000
At 30 September 2022 570,000

The fair value of the investment property has been obtained through an independent valuation which was undertaken on 14 December 2021 by Impey & Company Limited. The directors consider this valuation to be applicable at 30 September 2023.

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2013 431,876
Valuation in 2018 (131,876 )
Valuation in 2022 270,000
570,000

7. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Trade debtors 644,279 799,015
Other debtors 564,072 437,527
1,208,351 1,236,542

George Cox (Holdings) Limited (Registered number: 04366302)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. DEBTORS - continued
30.9.23 30.9.22
£    £   
Amounts falling due after more than one year:
Other debtors 5,190 5,190

Aggregate amounts 1,213,541 1,241,732

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 84,791 111,436
Taxation and social security 30,995 15,410
Other creditors 777,033 779,392
892,819 906,238

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 78,819 157,750

The long term loans are secured by a legal charge over property included within the accounts. There is also a debenture in place and a cross corporate guarantee with George Cox & Sons Limited.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
32,980 Ordinary £1 32,980 32,980

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
C F Cox
Balance outstanding at start of year 267,104 260,964
Amounts advanced 5,992 6,140
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 273,096 267,104

At the year end, the directors owed the company £273,096 (2022: £267,104). Interest is being accrued on the loans at 2.5% per annum.

George Cox (Holdings) Limited (Registered number: 04366302)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

12. EMPLOYEE BENEFITS

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.