2023-07-012024-07-312024-07-31false09633707PAXTON REED LTD2025-04-2859111falseiso4217:GBPxbrli:pure096337072023-07-01096337072024-07-31096337072023-07-012024-07-31096337072022-07-01096337072023-06-30096337072022-07-012023-06-3009633707bus:SmallEntities2023-07-012024-07-3109633707bus:AuditExempt-NoAccountantsReport2023-07-012024-07-3109633707bus:FullAccounts2023-07-012024-07-3109633707bus:PrivateLimitedCompanyLtd2023-07-012024-07-3109633707core:WithinOneYear2024-07-3109633707core:AfterOneYear2024-07-3109633707core:WithinOneYear2023-06-3009633707core:AfterOneYear2023-06-3009633707core:ShareCapital2024-07-3109633707core:SharePremium2024-07-3109633707core:RevaluationReserve2024-07-3109633707core:OtherReservesSubtotal2024-07-3109633707core:RetainedEarningsAccumulatedLosses2024-07-3109633707core:ShareCapital2023-06-3009633707core:SharePremium2023-06-3009633707core:RevaluationReserve2023-06-3009633707core:OtherReservesSubtotal2023-06-3009633707core:RetainedEarningsAccumulatedLosses2023-06-3009633707core:LandBuildings2024-07-3109633707core:PlantMachinery2024-07-3109633707core:Vehicles2024-07-3109633707core:FurnitureFittings2024-07-3109633707core:OfficeEquipment2024-07-3109633707core:NetGoodwill2024-07-3109633707core:IntangibleAssetsOtherThanGoodwill2024-07-3109633707core:ListedExchangeTraded2024-07-3109633707core:UnlistedNon-exchangeTraded2024-07-3109633707core:LandBuildings2023-06-3009633707core:PlantMachinery2023-06-3009633707core:Vehicles2023-06-3009633707core:FurnitureFittings2023-06-3009633707core:OfficeEquipment2023-06-3009633707core:NetGoodwill2023-06-3009633707core:IntangibleAssetsOtherThanGoodwill2023-06-3009633707core:ListedExchangeTraded2023-06-3009633707core:UnlistedNon-exchangeTraded2023-06-3009633707core:LandBuildings2023-07-012024-07-3109633707core:PlantMachinery2023-07-012024-07-3109633707core:Vehicles2023-07-012024-07-3109633707core:FurnitureFittings2023-07-012024-07-3109633707core:OfficeEquipment2023-07-012024-07-3109633707core:NetGoodwill2023-07-012024-07-3109633707core:IntangibleAssetsOtherThanGoodwill2023-07-012024-07-3109633707core:ListedExchangeTraded2023-07-012024-07-3109633707core:UnlistedNon-exchangeTraded2023-07-012024-07-3109633707core:MoreThanFiveYears2023-07-012024-07-3109633707core:Non-currentFinancialInstruments2024-07-3109633707core:Non-currentFinancialInstruments2023-06-3009633707dpl:CostSales2023-07-012024-07-3109633707dpl:DistributionCosts2023-07-012024-07-3109633707core:LandBuildings2023-07-012024-07-3109633707core:PlantMachinery2023-07-012024-07-3109633707core:Vehicles2023-07-012024-07-3109633707core:FurnitureFittings2023-07-012024-07-3109633707core:OfficeEquipment2023-07-012024-07-3109633707dpl:AdministrativeExpenses2023-07-012024-07-3109633707core:NetGoodwill2023-07-012024-07-3109633707core:IntangibleAssetsOtherThanGoodwill2023-07-012024-07-3109633707dpl:GroupUndertakings2023-07-012024-07-3109633707dpl:ParticipatingInterests2023-07-012024-07-3109633707dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-07-3109633707core:ListedExchangeTraded2023-07-012024-07-3109633707dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-07-3109633707core:UnlistedNon-exchangeTraded2023-07-012024-07-3109633707dpl:CostSales2022-07-012023-06-3009633707dpl:DistributionCosts2022-07-012023-06-3009633707core:LandBuildings2022-07-012023-06-3009633707core:PlantMachinery2022-07-012023-06-3009633707core:Vehicles2022-07-012023-06-3009633707core:FurnitureFittings2022-07-012023-06-3009633707core:OfficeEquipment2022-07-012023-06-3009633707dpl:AdministrativeExpenses2022-07-012023-06-3009633707core:NetGoodwill2022-07-012023-06-3009633707core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3009633707dpl:GroupUndertakings2022-07-012023-06-3009633707dpl:ParticipatingInterests2022-07-012023-06-3009633707dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3009633707core:ListedExchangeTraded2022-07-012023-06-3009633707dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3009633707core:UnlistedNon-exchangeTraded2022-07-012023-06-3009633707core:NetGoodwill2024-07-3109633707core:IntangibleAssetsOtherThanGoodwill2024-07-3109633707core:LandBuildings2024-07-3109633707core:PlantMachinery2024-07-3109633707core:Vehicles2024-07-3109633707core:FurnitureFittings2024-07-3109633707core:OfficeEquipment2024-07-3109633707core:AfterOneYear2024-07-3109633707core:WithinOneYear2024-07-3109633707core:ListedExchangeTraded2024-07-3109633707core:UnlistedNon-exchangeTraded2024-07-3109633707core:ShareCapital2024-07-3109633707core:SharePremium2024-07-3109633707core:RevaluationReserve2024-07-3109633707core:OtherReservesSubtotal2024-07-3109633707core:RetainedEarningsAccumulatedLosses2024-07-3109633707core:NetGoodwill2023-06-3009633707core:IntangibleAssetsOtherThanGoodwill2023-06-3009633707core:LandBuildings2023-06-3009633707core:PlantMachinery2023-06-3009633707core:Vehicles2023-06-3009633707core:FurnitureFittings2023-06-3009633707core:OfficeEquipment2023-06-3009633707core:AfterOneYear2023-06-3009633707core:WithinOneYear2023-06-3009633707core:ListedExchangeTraded2023-06-3009633707core:UnlistedNon-exchangeTraded2023-06-3009633707core:ShareCapital2023-06-3009633707core:SharePremium2023-06-3009633707core:RevaluationReserve2023-06-3009633707core:OtherReservesSubtotal2023-06-3009633707core:RetainedEarningsAccumulatedLosses2023-06-3009633707core:NetGoodwill2022-07-0109633707core:IntangibleAssetsOtherThanGoodwill2022-07-0109633707core:LandBuildings2022-07-0109633707core:PlantMachinery2022-07-0109633707core:Vehicles2022-07-0109633707core:FurnitureFittings2022-07-0109633707core:OfficeEquipment2022-07-0109633707core:AfterOneYear2022-07-0109633707core:WithinOneYear2022-07-0109633707core:ListedExchangeTraded2022-07-0109633707core:UnlistedNon-exchangeTraded2022-07-0109633707core:ShareCapital2022-07-0109633707core:SharePremium2022-07-0109633707core:RevaluationReserve2022-07-0109633707core:OtherReservesSubtotal2022-07-0109633707core:RetainedEarningsAccumulatedLosses2022-07-0109633707core:AfterOneYear2023-07-012024-07-3109633707core:WithinOneYear2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-07-3109633707core:Non-currentFinancialInstrumentscore:CostValuation2024-07-3109633707core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-3109633707core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-3109633707core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-3109633707core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3109633707core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-3109633707core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-3109633707core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-3109633707core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-3109633707core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3009633707core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3009633707core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3009633707core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3009633707core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3009633707core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3009633707core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3009633707core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3009633707core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3009633707bus:Director12023-07-012024-07-3109633707bus:Director22023-07-012024-07-31096337071bus:Director22023-07-01096337071bus:Director22023-07-012024-07-31096337071bus:Director22024-07-31096337072023-07-01096337072023-07-012024-07-31096337072024-07-31

PAXTON REED LTD

Registered Number
09633707
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2024

PAXTON REED LTD
Company Information
for the period from 1 July 2023 to 31 July 2024

Directors

PERCIVAL, Kirsten Honor
PERCIVAL, Robert Charles

Registered Address

109 Birdwood Road
Cambridge
CB1 3TB

Registered Number

09633707 (England and Wales)
PAXTON REED LTD
Balance Sheet as at
31 July 2024

Notes

31 Jul 2024

30 Jun 2023

£

£

£

£

Fixed assets
Intangible assets353,608-
Tangible assets4663,62217,218
Investments55,790,1735,327,072
6,507,4035,344,290
Current assets
Debtors134,329901,988
Current asset investments61,1991,199
Cash at bank and on hand163,55534,203
299,083937,390
Creditors amounts falling due within one year7(140,999)(3,947)
Net current assets (liabilities)158,084933,443
Total assets less current liabilities6,665,4876,277,733
Net assets6,665,4876,277,733
Capital and reserves
Called up share capital100100
Profit and loss account6,665,3876,277,633
Shareholders' funds6,665,4876,277,733
The financial statements were approved and authorised for issue by the Board of Directors on 28 April 2025, and are signed on its behalf by:
PERCIVAL, Robert Charles
Director
Registered Company No. 09633707
PAXTON REED LTD
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year32
3.Intangible assets

Other

Total

££
Cost or valuation
Additions53,60853,608
At 31 July 2453,60853,608
Net book value
At 31 July 2453,60853,608
At 30 June 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 July 23-22,21922,219
Additions646,2177,117653,334
At 31 July 24646,21729,336675,553
Depreciation and impairment
At 01 July 23-5,0015,001
Charge for year-6,9306,930
At 31 July 24-11,93111,931
Net book value
At 31 July 24646,21717,405663,622
At 30 June 23-17,21817,218
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 July 235,327,0725,327,072
Additions25,64025,640
Revaluations558,224558,224
Disposals(120,763)(120,763)
At 31 July 245,790,1735,790,173
Net book value
At 31 July 245,790,1735,790,173
At 30 June 235,327,0725,327,072

Notes

1Other investments other than loans
6.Current asset investments
Unlisted investments held at fair value £1,199 (2023: £1,199)
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,4002,247
Taxation and social security1,175-
Other creditors136,724-
Accrued liabilities and deferred income1,7001,700
Total140,9993,947
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
PERCIVAL, Robert Charles479,124170,239649,3630
479,124170,239649,3630
The director’s loan was repaid during the period and at the year end there was a balance due to the director of £136,431
9.Controlling party
The company is controlled by the directors