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REGISTERED NUMBER: 02171248 (England and Wales)















Audited Financial Statements for the Year Ended 30 September 2023

for

Loxton Developments Limited

Loxton Developments Limited (Registered number: 02171248)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Loxton Developments Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M J B Roberts
Mrs B L Roberts



SECRETARY: Mrs B L Roberts



REGISTERED OFFICE: Longbourn Farm
Pittern Hill
Kineton
Warwick
Warwickshire
CV35 0JF



REGISTERED NUMBER: 02171248 (England and Wales)



SENIOR STATUTORY AUDITOR: Geoffrey Hopwood BCOM ACA



AUDITORS: Haines Watts Wolverhampton Limited
Statutory Auditors
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Loxton Developments Limited (Registered number: 02171248)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,985,840 28,222,858

CURRENT ASSETS
Stocks 500 500
Debtors 5 333,739 220,748
Cash at bank 1,972,137 2,694,296
2,306,376 2,915,544
CREDITORS
Amounts falling due within one year 6 2,099,795 2,116,029
NET CURRENT ASSETS 206,581 799,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,192,421

29,022,373

PROVISIONS FOR LIABILITIES 1,050,575 1,080,575
NET ASSETS 32,141,846 27,941,798

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 11,064,599 8,773,169
Retained earnings 21,077,147 19,168,529
SHAREHOLDERS' FUNDS 32,141,846 27,941,798

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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:





M J B Roberts - Director


Loxton Developments Limited (Registered number: 02171248)

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

1. STATUTORY INFORMATION

Loxton Developments 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 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 as modified by the revaluation of certain assets.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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 11 (2022 - 11 ) .

Loxton Developments Limited (Registered number: 02171248)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 28,125,000 262,933 28,387,933
Additions 2,501,268 32,715 2,533,983
Disposals - (17,245 ) (17,245 )
Revaluations 2,261,431 - 2,261,431
At 30 September 2023 32,887,699 278,403 33,166,102
DEPRECIATION
At 1 October 2022 - 165,075 165,075
Charge for year - 32,432 32,432
Eliminated on disposal - (17,245 ) (17,245 )
At 30 September 2023 - 180,262 180,262
NET BOOK VALUE
At 30 September 2023 32,887,699 98,141 32,985,840
At 30 September 2022 28,125,000 97,858 28,222,858

Cost or valuation at 30 September 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2023 12,375,499 - 12,375,499
Cost 20,512,200 278,403 20,790,603
32,887,699 278,403 33,166,102

The majority of the properties were valued at open market value by Colliers in February 2020 and by CBRE in January 2024. The directors have updated these values in conjunction with current levels of occupancy.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 226,637 198,256
Other debtors 107,102 22,492
333,739 220,748

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 219,431 93,986
Taxation and social security 375,839 603,508
Other creditors 1,504,525 1,418,535
2,099,795 2,116,029

Loxton Developments Limited (Registered number: 02171248)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Revaluation
reserve
£   
At 1 October 2022 8,773,169
Transfer from reval'n reserve 2,291,430

At 30 September 2023 11,064,599

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Geoffrey Hopwood BCOM ACA (Senior Statutory Auditor)
for and on behalf of Haines Watts Wolverhampton Limited