IRIS Accounts Production v24.3.2.46 00501092 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005010922023-04-30005010922024-04-30005010922023-05-012024-04-30005010922022-04-30005010922022-05-012023-04-30005010922023-04-3000501092ns15:EnglandWales2023-05-012024-04-3000501092ns14:PoundSterling2023-05-012024-04-3000501092ns10:Director12023-05-012024-04-3000501092ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3000501092ns10:SmallEntities2023-05-012024-04-3000501092ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3000501092ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3000501092ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3000501092ns10:FullAccounts2023-05-012024-04-3000501092ns10:OrdinaryShareClass12023-05-012024-04-3000501092ns10:Director22023-05-012024-04-3000501092ns10:Director32023-05-012024-04-3000501092ns10:CompanySecretary12023-05-012024-04-3000501092ns10:RegisteredOffice2023-05-012024-04-3000501092ns5:CurrentFinancialInstruments2024-04-3000501092ns5:CurrentFinancialInstruments2023-04-3000501092ns5:Non-currentFinancialInstruments2024-04-3000501092ns5:Non-currentFinancialInstruments2023-04-3000501092ns5:ShareCapital2024-04-3000501092ns5:ShareCapital2023-04-3000501092ns5:FurtherSpecificReserve1ComponentTotalEquity2024-04-3000501092ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3000501092ns5:RetainedEarningsAccumulatedLosses2024-04-3000501092ns5:RetainedEarningsAccumulatedLosses2023-04-3000501092ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-012024-04-3000501092ns5:FurnitureFittings2023-05-012024-04-3000501092ns5:MotorVehicles2023-05-012024-04-3000501092ns5:ComputerEquipment2023-05-012024-04-3000501092ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3000501092ns5:FurnitureFittings2023-04-3000501092ns5:MotorVehicles2023-04-3000501092ns5:ComputerEquipment2023-04-3000501092ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-3000501092ns5:FurnitureFittings2024-04-3000501092ns5:MotorVehicles2024-04-3000501092ns5:ComputerEquipment2024-04-3000501092ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3000501092ns5:FurnitureFittings2023-04-3000501092ns5:MotorVehicles2023-04-3000501092ns5:ComputerEquipment2023-04-3000501092ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3000501092ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-3000501092ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3000501092ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3000501092ns5:AcceleratedTaxDepreciationDeferredTax2024-04-3000501092ns5:AcceleratedTaxDepreciationDeferredTax2023-04-3000501092ns5:DeferredTaxation2023-04-3000501092ns5:DeferredTaxation2023-05-012024-04-3000501092ns5:DeferredTaxation2024-04-3000501092ns10:OrdinaryShareClass12024-04-3000501092ns5:RetainedEarningsAccumulatedLosses2023-04-3000501092ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3000501092ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 00501092 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

COXETERS LIMITED

COXETERS LIMITED (REGISTERED NUMBER: 00501092)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COXETERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs KVA Coxeter
Mr RAS Wood
Mr PBJ Barrett





SECRETARY: Mr RAS Wood





REGISTERED OFFICE: 21/27 Ock Street
Abingdon
Oxfordshire
OX14 5AJ





REGISTERED NUMBER: 00501092 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

COXETERS LIMITED (REGISTERED NUMBER: 00501092)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,122 63,326
Investment property 5 2,174,172 2,174,172
2,248,294 2,237,498

CURRENT ASSETS
Debtors 6 59,464 133,045
Cash at bank and in hand 231,145 196,056
290,609 329,101
CREDITORS
Amounts falling due within one year 7 146,174 185,779
NET CURRENT ASSETS 144,435 143,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,392,729

2,380,820

CREDITORS
Amounts falling due after more than one
year

8

(241,504

)

(227,807

)

PROVISIONS FOR LIABILITIES 10 (9,018 ) (11,113 )
NET ASSETS 2,142,207 2,141,900

CAPITAL AND RESERVES
Called up share capital 11 20,000 20,000
Fair value reserve 12 977,904 977,904
Retained earnings 12 1,144,303 1,143,996
SHAREHOLDERS' FUNDS 2,142,207 2,141,900

COXETERS LIMITED (REGISTERED NUMBER: 00501092)

BALANCE SHEET - continued
30 APRIL 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mrs KVA Coxeter - Director


COXETERS LIMITED (REGISTERED NUMBER: 00501092)

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

1. STATUTORY INFORMATION

Coxeters 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net rent receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Over the term of the lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

COXETERS LIMITED (REGISTERED NUMBER: 00501092)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Preference shares are classed as financial liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,551 118,409 - 2,494 122,454
Additions - - 27,340 458 27,798
Disposals - (1,580 ) - (555 ) (2,135 )
At 30 April 2024 1,551 116,829 27,340 2,397 148,117
DEPRECIATION
At 1 May 2023 1,551 55,783 - 1,794 59,128
Charge for year - 9,354 6,835 300 16,489
Eliminated on disposal - (1,316 ) - (306 ) (1,622 )
At 30 April 2024 1,551 63,821 6,835 1,788 73,995
NET BOOK VALUE
At 30 April 2024 - 53,008 20,505 609 74,122
At 30 April 2023 - 62,626 - 700 63,326

COXETERS LIMITED (REGISTERED NUMBER: 00501092)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 27,340
At 30 April 2024 27,340
DEPRECIATION
Charge for year 6,835
At 30 April 2024 6,835
NET BOOK VALUE
At 30 April 2024 20,505

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,174,172
NET BOOK VALUE
At 30 April 2024 2,174,172
At 30 April 2023 2,174,172

Fair value at 30 April 2024 is represented by:
£   
Valuation in 1984 332,568
Valuation in 2004 667,165
Valuation in 2021 (19,029 )
Valuation in 2022 (2,800 )
Cost 1,196,268
2,174,172

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

30.4.24 30.4.23
£    £   
Cost 1,196,268 1,196,268

Investment property was valued on an open market basis on 30 April 2024 by the directors .

If the investment property was sold for its fair value, there would not be any tax payable.

COXETERS LIMITED (REGISTERED NUMBER: 00501092)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 45,059 113,391
Directors' current accounts 300 -
Prepayments 14,105 19,654
59,464 133,045

The directors loan balance was repaid to the company in January 2025.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Preference shares (see note 9) 17,186 17,186
Hire purchase contracts 2,763 -
Trade creditors 22,259 19,358
Tax 1,293 -
Social security and other taxes 5,867 4,971
Pension creditor 455 1,077
VAT 7,546 14,895
Other creditors - 422
Newrace Limited 10,000 10,000
Preference dividend payable 1,204 1,203
Directors' current accounts 8,672 962
Accrued expenses 41,894 51,618
Rent received in advance 27,035 64,087
146,174 185,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 20,097 -
Newrace Limited 221,407 227,807
241,504 227,807

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Preference shares 17,186 17,186

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 9,018 11,113

COXETERS LIMITED (REGISTERED NUMBER: 00501092)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 11,113
Provided during year (2,095 )
Balance at 30 April 2024 9,018

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
20,000 Ordinary shares £1 20,000 20,000

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

At 1 May 2023 1,143,996 977,904 2,121,900
Profit for the year 307 307
At 30 April 2024 1,144,303 977,904 2,122,207

The fair value reserve relates to the inclusion of the investment property at fair value.