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REGISTERED NUMBER: 10889030 (England and Wales)















Caxton Way Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Caxton Way Limited (Registered number: 10889030)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caxton Way Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: MG Skelly





REGISTERED OFFICE: 28 Eaton Avenue
Matrix office Park
Buckshaw Village
Lancashire
PR7 7NA





REGISTERED NUMBER: 10889030 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Caxton Way Limited (Registered number: 10889030)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,800,000 1,800,000

CURRENT ASSETS
Cash at bank 2,648 198

CREDITORS
Amounts falling due within one year 5 136,890 257,500
NET CURRENT LIABILITIES (134,242 ) (257,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,665,758

1,542,698

CREDITORS
Amounts falling due after more than one
year

6

1,749,566

1,542,029
NET (LIABILITIES)/ASSETS (83,808 ) 669

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (83,908 ) 569
SHAREHOLDERS' FUNDS (83,808 ) 669

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Caxton Way Limited (Registered number: 10889030)

Balance Sheet - continued
30 June 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 director and authorised for issue on 17 March 2025 and were signed by:





MG Skelly - Director


Caxton Way Limited (Registered number: 10889030)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Caxton Way 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

The financial statements have been prepared on the going concern basis despite the excess of current liabilities over current assets as the director has indicated his willingness to continue to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
In accordance with FRS102, certain of the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on revaluation of such properties are transferred to the profit and loss account. Depreciation is not provided in respect of freehold investment properties. This policy represents a departure from the requirements of the Companies Act, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Financial Statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

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

Caxton Way Limited (Registered number: 10889030)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,500,000
DEPRECIATION
At 1 July 2023
and 30 June 2024 700,000
NET BOOK VALUE
At 30 June 2024 1,800,000
At 30 June 2023 1,800,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 32,500 32,500
Amounts owed to group undertakings - 225,000
VAT 1,440 -
Other creditors 101,300 -
Accrued expenses 1,650 -
136,890 257,500

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans more 5 yr by instal 1,148,575 1,167,029
Amounts owed to group undertakings - 375,000
Other creditors 580,000 -
Directors' loan accounts 20,991 -
1,749,566 1,542,029

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,148,575 1,167,029

The bank loan is secured on the company's assets and interest is payable at normal commercial rates.

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 1,181,075 1,199,529

Caxton Way Limited (Registered number: 10889030)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

9. RELATED PARTY DISCLOSURES

The company is controlled by M G Skelly.