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REGISTERED NUMBER: 04898469 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

PEXTON SEARLE CRM SERVICES LIMITED

PEXTON SEARLE CRM SERVICES LIMITED (REGISTERED NUMBER: 04898469)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PEXTON SEARLE CRM SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr P Cronin
Mr A Searle
Mrs M Cronin
Mrs L A Searle





SECRETARY: Mr A Searle





REGISTERED OFFICE: 39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB





REGISTERED NUMBER: 04898469 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

PEXTON SEARLE CRM SERVICES LIMITED (REGISTERED NUMBER: 04898469)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 500,000 475,000

CURRENT ASSETS
Debtors 5 - 150
Cash at bank 13,676 5,381
13,676 5,531
CREDITORS
Amounts falling due within one
year

6

92,796

90,679
NET CURRENT LIABILITIES (79,120 ) (85,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,880

389,852

CREDITORS
Amounts falling due after more
than one year

7

-

(1,530

)

PROVISIONS FOR LIABILITIES (53,846 ) (36,173 )
NET ASSETS 367,034 352,149

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 161,540 154,213
Retained earnings 9 205,394 197,836
SHAREHOLDERS' FUNDS 367,034 352,149

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

PEXTON SEARLE CRM SERVICES LIMITED (REGISTERED NUMBER: 04898469)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd July 2024 and were signed on its behalf by:




Mr P Cronin - Director



Mr A Searle - Director


PEXTON SEARLE CRM SERVICES LIMITED (REGISTERED NUMBER: 04898469)

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

1. STATUTORY INFORMATION

Pexton Searle Crm Services 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.

The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, even though it had net current liabilities of £79,120 (2022 - £85,148) as at the balance sheet date.

The directors considerthe going concern basis to be appropriate as, in theiropinion, thecompany will be able to secure sufficient funding to enable it to pay its debts as they fall due.

Turnover
Turnover represents rent received, excluding value added tax.

Investment property
The company's investment property is included in the accounts at fair value and will be assessed at the end of each accounting period and adjusted accordingly. Deferred tax is provided on any revaluations, at the rate expected to apply when the property is sold.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 475,000
Revaluations 25,000
At 31st December 2023 500,000
NET BOOK VALUE
At 31st December 2023 500,000
At 31st December 2022 475,000

PEXTON SEARLE CRM SERVICES LIMITED (REGISTERED NUMBER: 04898469)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2019 200,386
Valuation in 2021 (10,000 )
Valuation in 2023 25,000
Cost 284,614
500,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 284,614 284,614

Investment property was valued on a market value basis on 31st December 2023 by Perry Holt Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Other debtors - 150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,605 9,857
Trade creditors - 424
We Are Acuity Limited 78,000 71,514
Corporation tax 1,773 3,598
VAT 1 2,366
Other creditors 8,750 -
Accruals and deferred income 2,667 2,920
92,796 90,679

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans more than one year - 1,530

PEXTON SEARLE CRM SERVICES LIMITED (REGISTERED NUMBER: 04898469)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,605 11,387

The bank loan is secured by the investment property of the company.

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st January 2023 197,836 154,213 352,049
Profit for the year 14,885 14,885
Non distributable reserves (7,327 ) 7,327 -
At 31st December 2023 205,394 161,540 366,934