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REGISTERED NUMBER: 12150665 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Bixby Properties Ltd

Bixby Properties Ltd (Registered number: 12150665)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Bixby Properties Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: C Bixby
R E Bixby





REGISTERED OFFICE: Greenways
Meeting Lane
Grundisburgh
Woodbridge
Suffolk
IP13 6UB





REGISTERED NUMBER: 12150665 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Bixby Properties Ltd (Registered number: 12150665)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 215,499 205,499

CURRENT ASSETS
Cash at bank 9,067 12,719

CREDITORS
Amounts falling due within one year 18,814 25,182
NET CURRENT LIABILITIES (9,747 ) (12,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,752

193,036

CREDITORS
Amounts falling due after more than one year 5 (137,025 ) (137,030 )

PROVISIONS FOR LIABILITIES 6 (13,395 ) (11,495 )
NET ASSETS 55,332 44,511

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 55,330 44,509
SHAREHOLDERS' FUNDS 55,332 44,511

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

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

Bixby Properties Ltd (Registered number: 12150665)

Abridged Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 February 2025 and were signed on its behalf by:





C Bixby - Director


Bixby Properties Ltd (Registered number: 12150665)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Bixby Properties Ltd 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Bixby Properties Ltd (Registered number: 12150665)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 205,499
Revaluations 10,000
At 31 July 2024 215,499
NET BOOK VALUE
At 31 July 2024 215,499
At 31 July 2023 205,499

The directors have, in their opinion, valued the investment property at £210,000 as at the year end date.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.7.24 31.7.23
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 137,025 137,030

6. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 13,395 11,495

Deferred
tax
£   
Balance at 1 August 2023 11,495
Provided during year 1,900
Balance at 31 July 2024 13,395

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £1 2 2

Bixby Properties Ltd (Registered number: 12150665)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. RESERVES
Retained
earnings
£   

At 1 August 2023 44,509
Profit for the year 10,821
At 31 July 2024 55,330

9. SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to directors subsisted during the year ended 31 July 2024 and the period ended 31 July 2023:

31.7.24 31.7.23
£    £   
C Bixby and R E Bixby
Balance outstanding at start of year 24,402 45,202
Amounts repaid (6,393 ) (20,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,009 24,402