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REGISTERED NUMBER: 07368335 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

IX LIMITED

IX LIMITED (REGISTERED NUMBER: 07368335)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: A W Jepson Turner
Mrs C Spalton





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 07368335 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

IX LIMITED (REGISTERED NUMBER: 07368335)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,721,379 20,409,976
Investments 5 626 626
20,722,005 20,410,602

CURRENT ASSETS
Stocks 722,648 706,337
Debtors 6 150,443 279,447
Cash at bank 28,590 72,202
901,681 1,057,986
CREDITORS
Amounts falling due within one year 7 574,262 228,510
NET CURRENT ASSETS 327,419 829,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,049,424

21,240,078

CREDITORS
Amounts falling due after more than one
year

8

(3,030,000

)

(3,030,000

)

PROVISIONS FOR LIABILITIES (220,038 ) (157,325 )
NET ASSETS 17,799,386 18,052,753

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 17,286,243 17,286,243
Retained earnings 503,143 756,510
17,799,386 18,052,753

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

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

IX LIMITED (REGISTERED NUMBER: 07368335)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd February 2025 and were signed on its behalf by:





A W Jepson Turner - Director


IX LIMITED (REGISTERED NUMBER: 07368335)

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


1. STATUTORY INFORMATION

Ix 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

IX LIMITED (REGISTERED NUMBER: 07368335)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st September 2023 19,481,398 1,701,163 21,182,561
Additions 300,000 214,969 514,969
Disposals - (61,109 ) (61,109 )
At 31st August 2024 19,781,398 1,855,023 21,636,421
DEPRECIATION
At 1st September 2023 - 772,585 772,585
Charge for year - 190,966 190,966
Eliminated on disposal - (48,509 ) (48,509 )
At 31st August 2024 - 915,042 915,042
NET BOOK VALUE
At 31st August 2024 19,781,398 939,981 20,721,379
At 31st August 2023 19,481,398 928,578 20,409,976

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st September 2023
and 31st August 2024 626
NET BOOK VALUE
At 31st August 2024 626
At 31st August 2023 626

IX LIMITED (REGISTERED NUMBER: 07368335)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,756 36,145
Other debtors 126,687 243,302
150,443 279,447

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 195,690 79,575
Taxation and social security 23,220 33,749
Other creditors 355,352 115,186
574,262 228,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,030,000 3,030,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,030,000 3,030,000