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REGISTERED NUMBER: 05200726 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PAXTON CLARK LIMITED

PAXTON CLARK LIMITED (REGISTERED NUMBER: 05200726)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAXTON CLARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr G F Kelman





SECRETARY: Mr G F Kelman





REGISTERED OFFICE: 4 Pinnell Close
Basingstoke
Hampshire
RG22 4XP





REGISTERED NUMBER: 05200726 (England and Wales)






PAXTON CLARK LIMITED (REGISTERED NUMBER: 05200726)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 3,000 4,000
Tangible assets 6 - -
Investments 7 1,500 1,500
4,500 5,500

CURRENT ASSETS
Stocks 4,449 -
Debtors 8 272 716
Cash at bank 283 213
5,004 929
CREDITORS
Amounts falling due within one year 9 236,487 209,972
NET CURRENT LIABILITIES (231,483 ) (209,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(226,983

)

(203,543

)

CREDITORS
Amounts falling due after more than one
year

10

23,190

30,629
NET LIABILITIES (250,173 ) (234,172 )

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings (250,175 ) (234,174 )
SHAREHOLDERS' FUNDS (250,173 ) (234,172 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

PAXTON CLARK LIMITED (REGISTERED NUMBER: 05200726)

BALANCE SHEET - continued
31 AUGUST 2024


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 12 February 2025 and were signed by:





Mr G F Kelman - Director


PAXTON CLARK LIMITED (REGISTERED NUMBER: 05200726)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Paxton Clark 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The directors have made loans to the company that are repayable on demand. The directors will not demand repayment if it would be financially detrimental to the ongoing trade of the company.

Due to this ongoing support, the directors believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

PAXTON CLARK LIMITED (REGISTERED NUMBER: 05200726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 5,000
AMORTISATION
At 1 September 2023 1,000
Amortisation for year 1,000
At 31 August 2024 2,000
NET BOOK VALUE
At 31 August 2024 3,000
At 31 August 2023 4,000

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 1,161
DEPRECIATION
At 1 September 2023
and 31 August 2024 1,161
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

7. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 September 2023
and 31 August 2024 1,500
NET BOOK VALUE
At 31 August 2024 1,500
At 31 August 2023 1,500

PAXTON CLARK LIMITED (REGISTERED NUMBER: 05200726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 426
Other debtors 272 290
272 716

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,024 67,317
Trade creditors 204 1,935
Other creditors 181,259 140,720
236,487 209,972

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 23,190 30,629

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The company's overdraft facility is secured by a personal guarantee from the director, Mr G F Kelman.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2