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REGISTERED NUMBER: 12951536 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

DAXLEY PROPERTIES LIMITED

DAXLEY PROPERTIES LIMITED (REGISTERED NUMBER: 12951536)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAXLEY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr M D'Arcy-Burt
Mrs L L D'Arcy-Burt





SECRETARY: Gibson Whitter Secretaries Limited





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 12951536 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

DAXLEY PROPERTIES LIMITED (REGISTERED NUMBER: 12951536)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 429,000

CURRENT ASSETS
Debtors 5 4,210 4,474
Cash at bank 8,498 8,247
12,708 12,721
CREDITORS
Amounts falling due within one year 6 74,900 91,106
NET CURRENT LIABILITIES (62,192 ) (78,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,808

350,615

CREDITORS
Amounts falling due after more than one
year

7

(222,082

)

(232,862

)

PROVISIONS FOR LIABILITIES 9 (13,007 ) (9,017 )
NET ASSETS 152,719 108,736

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 55,451 38,441
Retained earnings 97,168 70,195
152,719 108,736

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

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

DAXLEY PROPERTIES LIMITED (REGISTERED NUMBER: 12951536)

BALANCE SHEET - continued
31 OCTOBER 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 and authorised for issue by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





Mr M D'Arcy-Burt - Director


DAXLEY PROPERTIES LIMITED (REGISTERED NUMBER: 12951536)

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

1. STATUTORY INFORMATION

Daxley Properties 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 as modified by the revaluation of certain assets.

The financial statements show a net current liability at the balance sheet date. This position is due principally to amounts owed to directors. The directors have agreed not to seek repayment of the money owed to them unless the company has sufficient funds to do so. The directors, on this basis, have prepared the financial statements on the going concern basis.

Turnover
Turnover represents rentals due in the year, excluding value added tax.

Investment property
Investment property is carried at fair value determined annually by the directors using information available to them unless an external valuation has been provided during the financial period. No depreciation is provided. Changes in fair value are 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.

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 ) .

DAXLEY PROPERTIES LIMITED (REGISTERED NUMBER: 12951536)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 429,000
Revaluations 21,000
At 31 October 2024 450,000
NET BOOK VALUE
At 31 October 2024 450,000
At 31 October 2023 429,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 43,458
Valuation in 2024 21,000
Cost 385,542
450,000

Investment property was valued on an open market basis on 31 October 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 4,210 4,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 20,014 20,014
Trade creditors - 521
Taxation and social security 9,389 8,074
Other creditors 45,497 62,497
74,900 91,106

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 222,082 232,862

DAXLEY PROPERTIES LIMITED (REGISTERED NUMBER: 12951536)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 242,096 252,876

The company's bank loan is secured by a first legal charge over the company's investment property, a debenture and a guarantee for £277,500 from a connected company.

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 13,007 9,017

Deferred
tax
£   
Balance at 1 November 2023 9,017
Provided during year 3,990
Balance at 31 October 2024 13,007

10. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £44,572 (31.10.23: £61,572).

During the year the company received rent from a connected company totalling £45,000 (31.10.23: £45,000).

11. ULTIMATE CONTROLLING PARTY

The company is not under the control of any one party.