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REGISTERED NUMBER: 12904957 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BUXTON JAMES PROPERTY AND INVESTMENTS
LIMITED

BUXTON JAMES PROPERTY AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 12904957)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUXTON JAMES PROPERTY AND INVESTMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S J Buxton
Ms L Carda Moron





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 12904957 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BUXTON JAMES PROPERTY AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 12904957)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 3 50 50
Investment property 4 1,039,225 1,039,225
1,039,275 1,039,275

CURRENT ASSETS
Debtors 5 1,097 1,159
Cash at bank 72,722 49,100
73,819 50,259
CREDITORS
Amounts falling due within one year 6 802,245 802,261
NET CURRENT LIABILITIES (728,426 ) (752,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,849

287,273

CREDITORS
Amounts falling due after more than one
year

7

237,155

237,155
NET ASSETS 73,694 50,118

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,594 50,018
73,694 50,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

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 28 November 2024 and were signed on its behalf by:





S J Buxton - Director


BUXTON JAMES PROPERTY AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 12904957)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents the following types of income
- Rental income
- Income from the sale of properties

All income is recognised on a receivable basis.

Investment in associates
Investments in associates are recognised at cost. After recognition it shall be measured at cost less any accumulated impairments.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 50
NET BOOK VALUE
At 30 September 2024 50
At 30 September 2023 50

BUXTON JAMES PROPERTY AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 12904957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,039,225
NET BOOK VALUE
At 30 September 2024 1,039,225
At 30 September 2023 1,039,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 1,097 1,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 1,093
Other creditors 385,598 385,599
Directors' loan accounts 416,647 415,569
802,245 802,261

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 237,155 237,155

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 237,155 237,155

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, S J Buxton increased his loan to the company. As at 30 September 2024, the company owed him £416,647 (2023: £415,569). The loan is interest free.

9. RELATED PARTY DISCLOSURES

Fresh Development POW Limited

Buxton James Property And Investments Limited holds 50% of the shares of Fresh Development POW Limited.

The company also received dividends totalling £47,000 from the related party.

10. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.

11. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £728,426.

The validity of this basis depends upon the continued support of the company's directors. The directors confirms that they will give the required support.