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Registered number: 03865928

Exbury Properties Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Keith Maslen Associates Limited
187 Hawthorn Crescent
Portsmouth
Hampshire
PO6 2TJ

Exbury Properties Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTOR
P G Ancell
REGISTERED OFFICE
Herons Wood, Lockhams Road
Curdridge
Southampton
Hampshire
SO32 2BD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03865928
ACCOUNTANTS
Keith Maslen Associates Limited
187 Hawthorn Crescent
Portsmouth
Hampshire
PO6 2TJ

Exbury Properties Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Director's Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Exbury Properties Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3101,337100,324
Investment Assets4404,735404,735
506,072505,059
CURRENT ASSETS
Stock and work in progress2,023,6472,213,181
Debtors63,2682,917
Cash at bank22,96125,577
2,049,8762,241,675
CREDITORS: Amounts falling due within one year7762,451865,493
NET CURRENT ASSETS1,287,4251,376,182
TOTAL ASSETS LESS CURRENT LIABILITIES1,793,4971,881,241
CREDITORS: Amounts falling due after more than one year8607,755753,287
NET ASSETS1,185,7421,127,954
CAPITAL AND RESERVES
Called up share capital922
Profit and loss account1,185,7401,127,952
SHAREHOLDERS' FUNDS1,185,7421,127,954
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/09/2024 and signed on their behalf by
P G Ancell
Director

Exbury Properties Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20232022
No.No.
Average number of employees12

Exbury Properties Limited

3. TANGIBLE FIXED ASSETS
Long LeaseholdFixtures
Propertiesand FittingsTotal
£££
Cost
At 01/01/202398,42110,323108,744
Additions-1,2981,298
At 31/12/202398,42111,621110,042
Depreciation
At 01/01/2023-8,4208,420
For the year-285285
At 31/12/2023-8,7058,705
Net Book Amounts
At 31/12/202398,4212,916101,337
At 31/12/202298,4211,903100,324
4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/01/2023404,735404,735
At 31/12/2023404,735404,735
Amortisation
Net Book Amounts
At 31/12/2023404,735404,735
At 31/12/2022404,735404,735
5. STOCK 20232022
££
Stock comprises:
Stock and work in progress2,023,6472,213,181
2,023,6472,213,181

Exbury Properties Limited

6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors174544
Prepayments3,0942,373
3,2682,917
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Corporation tax17,9505,945
Director's current account15,416301,532
Bank loans140,22722,888
Mortgages4,9454,654
Other loans83,00083,000
Trade creditors44,35638,974
Accruals6,8148,757
Amounts due to group companies449,743399,743
762,451865,493
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr599,008739,787
Mortgages >1yr8,74713,500
607,755753,287
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22