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REGISTERED NUMBER: 04329673 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE CLAXSON GROUP LIMITED

THE CLAXSON GROUP LIMITED (REGISTERED NUMBER: 04329673)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE CLAXSON GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: N D Claxson





REGISTERED OFFICE: Comtec House
46a Albert Road North
Reigate
Surrey
RH2 9EL





REGISTERED NUMBER: 04329673 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

THE CLAXSON GROUP LIMITED (REGISTERED NUMBER: 04329673)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,400,000 1,981,282
Investments 5 568,798 568,798
2,968,798 2,550,080

CURRENT ASSETS
Cash at bank 46,886 -

CREDITORS
Amounts falling due within one year 6 1,857,407 1,820,161
NET CURRENT LIABILITIES (1,810,521 ) (1,820,161 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,158,277 729,919

CREDITORS
Amounts falling due after more than one year 7 (392,492 ) (432,239 )

PROVISIONS FOR LIABILITIES (251,632 ) (151,632 )
NET ASSETS 514,153 146,048

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 1,177,279 810,015
Other reserves 200,000 200,000
Retained earnings (863,127 ) (863,968 )
514,153 146,048

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

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

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 director and authorised for issue on 26 September 2024 and were signed by:





N D Claxson - Director


THE CLAXSON GROUP LIMITED (REGISTERED NUMBER: 04329673)

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


1. STATUTORY INFORMATION

The Claxson Group 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.
Freehold land and buildings - 2% on cost
Motor vehicles - 20% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the net sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Investments in subsidiaries
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Investments in subsidiary undertakings are recognised at cost and are subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

Going concern
The director remains confident that sufficient funding is in place and that the company has adequate resources to enable it to continue as a going concern for the foreseeable future. The accounts have therefore been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

THE CLAXSON GROUP LIMITED (REGISTERED NUMBER: 04329673)

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


4. TANGIBLE FIXED ASSETS
Freehold
land and Motor
buildings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 2,005,038 84,950 2,089,988
Disposals - (84,950 ) (84,950 )
Revaluations 394,962 - 394,962
At 31 December 2023 2,400,000 - 2,400,000
DEPRECIATION
At 1 January 2023 54,202 54,504 108,706
Charge for year 18,100 - 18,100
Eliminated on disposal - (54,504 ) (54,504 )
Revaluation adjustments (72,302 ) - (72,302 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 2,400,000 - 2,400,000
At 31 December 2022 1,950,836 30,446 1,981,282

Included in cost or valuation of land and buildings is freehold land of £ 1,317,229 (2022 - £ 1,100,000 ) which is not depreciated.

Cost or valuation at 31 December 2023 is represented by:

Freehold
land and
buildings
£   
Valuation in 2007 86,646
Valuation in 2014 125,000
Valuation in 2019 750,000
Valuation in 2023 394,962
Cost 1,043,392
2,400,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 1,043,392 1,043,932
Aggregate depreciation 191,082 179,262

Value of land in freehold land and buildings 513,354 513,354

Freehold land and buildings were valued on an open market basis on 31 December 2023 by the director .

THE CLAXSON GROUP LIMITED (REGISTERED NUMBER: 04329673)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 568,798
NET BOOK VALUE
At 31 December 2023 568,798
At 31 December 2022 568,798

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 44,802 48,365
Trade creditors 29,210 9,907
Amounts owed to group undertakings 1,039,642 1,421,071
VAT 386,102 12,455
Other creditors 20,884 17,134
Directors' current accounts 330,217 307,429
Accrued expenses 6,550 3,800
1,857,407 1,820,161

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 46,594 44,943
Bank loans - 2-5 years 151,267 145,908
Bank loans more 5 yr by instal 194,631 232,143
Hire purchase contracts - 9,245
392,492 432,239

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 194,631 232,143

The bank loans are mortgages that are secured over the freehold property to which they relates.

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023 810,015
Revaluation of property 367,264

At 31 December 2023 1,177,279

THE CLAXSON GROUP LIMITED (REGISTERED NUMBER: 04329673)

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


9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £20,834 (2022: £17,134) from a related party.

At the balance sheet date the company owed £1,575 (2022: £1,575) to a different related party.