IRIS Accounts Production v25.1.3.33 11574481 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115744812023-09-30115744812024-09-30115744812023-10-012024-09-30115744812022-09-30115744812022-10-012023-09-30115744812023-09-3011574481ns15:EnglandWales2023-10-012024-09-3011574481ns14:PoundSterling2023-10-012024-09-3011574481ns10:Director12023-10-012024-09-3011574481ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3011574481ns10:SmallEntities2023-10-012024-09-3011574481ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3011574481ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3011574481ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3011574481ns10:FullAccounts2023-10-012024-09-301157448112023-10-012024-09-3011574481ns10:Director22023-10-012024-09-3011574481ns10:RegisteredOffice2023-10-012024-09-3011574481ns5:CurrentFinancialInstruments2024-09-3011574481ns5:CurrentFinancialInstruments2023-09-3011574481ns5:Non-currentFinancialInstruments2024-09-3011574481ns5:Non-currentFinancialInstruments2023-09-3011574481ns5:ShareCapital2024-09-3011574481ns5:ShareCapital2023-09-3011574481ns5:FurtherSpecificReserve1ComponentTotalEquity2024-09-3011574481ns5:FurtherSpecificReserve1ComponentTotalEquity2023-09-3011574481ns5:RetainedEarningsAccumulatedLosses2024-09-3011574481ns5:RetainedEarningsAccumulatedLosses2023-09-3011574481ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3011574481ns5:PatentsTrademarksLicencesConcessionsSimilar2023-10-012024-09-3011574481ns5:PlantMachinery2023-10-012024-09-3011574481ns5:IntangibleAssetsOtherThanGoodwill2023-09-3011574481ns5:IntangibleAssetsOtherThanGoodwill2024-09-3011574481ns5:IntangibleAssetsOtherThanGoodwill2023-09-3011574481ns5:PlantMachinery2023-09-3011574481ns5:PlantMachinery2024-09-3011574481ns5:PlantMachinery2023-09-3011574481ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3011574481ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3011574481ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-3011574481ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-3011574481ns5:Secured2024-09-3011574481ns5:Secured2023-09-30115744811ns5:Secured2024-09-30115744811ns5:Secured2023-09-30
REGISTERED NUMBER: 11574481 (England and Wales)









ROXWELL PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ROXWELL PROPERTY LTD (REGISTERED NUMBER: 11574481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROXWELL PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr A J C Thompson
Mrs K F Thompson





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 11574481 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

ROXWELL PROPERTY LTD (REGISTERED NUMBER: 11574481)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,462 5,632
Investment property 6 2,133,115 1,714,567
2,141,577 1,720,199

CURRENT ASSETS
Debtors 7 841 13,403
Cash at bank 9,536 4,798
10,377 18,201
CREDITORS
Amounts falling due within one year 8 650,721 166,298
NET CURRENT LIABILITIES (640,344 ) (148,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,501,233

1,572,102

CREDITORS
Amounts falling due after more than one
year

9

(1,623,863

)

(1,623,863

)

PROVISIONS FOR LIABILITIES (88,015 ) (88,245 )
NET LIABILITIES (210,645 ) (140,006 )

CAPITAL AND RESERVES
Called up share capital 120 120
Other reserves 264,045 264,045
Retained earnings (474,810 ) (404,171 )
(210,645 ) (140,006 )

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

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

ROXWELL PROPERTY LTD (REGISTERED NUMBER: 11574481)

BALANCE SHEET - continued
30 SEPTEMBER 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 by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mr A J C Thompson - Director


ROXWELL PROPERTY LTD (REGISTERED NUMBER: 11574481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Roxwell Property 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.

Turnover
Turnover represents rents receivable during the period. Rental income is recognised on the basis of amounts due in the period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of five years.

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 - 33% on cost

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method


ROXWELL PROPERTY LTD (REGISTERED NUMBER: 11574481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company has the continued financial support of its directors, who have agreed not to request repayment of their loans until the company has the funds available. On this basis the directors of Roxwell Property Limited consider it appropriate to prepare accounts on the going concern basis. These financial statements do not include any adjustments that would result in the company suffering further trading losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 39,564
Disposals (39,564 )
At 30 September 2024 -
AMORTISATION
At 1 October 2023 39,564
Eliminated on disposal (39,564 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

ROXWELL PROPERTY LTD (REGISTERED NUMBER: 11574481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 55,816
Additions 12,694
At 30 September 2024 68,510
DEPRECIATION
At 1 October 2023 50,184
Charge for year 9,864
At 30 September 2024 60,048
NET BOOK VALUE
At 30 September 2024 8,462
At 30 September 2023 5,632

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,714,567
Additions 418,548
At 30 September 2024 2,133,115
NET BOOK VALUE
At 30 September 2024 2,133,115
At 30 September 2023 1,714,567

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2019 66,108
Valuation in 2021 94,888
Valuation in 2022 56,854
Valuation in 2023 134,210
Cost 1,781,055
2,133,115

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,781,055 1,362,507

Investment property was valued on an open market basis on 15 June 2023 by Kent Reliance .

ROXWELL PROPERTY LTD (REGISTERED NUMBER: 11574481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 710
Prepayments and accrued income 841 12,693
841 13,403

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bridging loan 219,838 -
Directors' current accounts 424,270 160,421
Accruals and deferred income 6,613 5,877
650,721 166,298

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 1,363,863 1,363,863
Other creditors 260,000 260,000
1,623,863 1,623,863

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,363,863 1,363,863

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,363,863 1,363,863
Bridging loan 219,838 -
1,583,701 1,363,863