0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 7,859 1,179 1,179 2,358 5,501 6,680 xbrli:pure xbrli:shares iso4217:GBP 14302452 2024-01-01 2024-12-31 14302452 2024-12-31 14302452 2023-12-31 14302452 2022-08-17 2023-12-31 14302452 2023-12-31 14302452 2022-08-16 14302452 core:PlantMachinery 2024-01-01 2024-12-31 14302452 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 14302452 bus:Director1 2024-01-01 2024-12-31 14302452 bus:Director2 2024-01-01 2024-12-31 14302452 bus:Director3 2024-01-01 2024-12-31 14302452 core:PlantMachinery 2023-12-31 14302452 core:PlantMachinery 2024-12-31 14302452 core:WithinOneYear 2024-12-31 14302452 core:WithinOneYear 2023-12-31 14302452 core:ShareCapital 2024-12-31 14302452 core:ShareCapital 2023-12-31 14302452 core:RetainedEarningsAccumulatedLosses 2024-12-31 14302452 core:RetainedEarningsAccumulatedLosses 2023-12-31 14302452 core:PlantMachinery 2023-12-31 14302452 bus:SmallEntities 2024-01-01 2024-12-31 14302452 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14302452 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14302452 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14302452 bus:FullAccounts 2024-01-01 2024-12-31 14302452 bus:OrdinaryShareClass1 2024-12-31 14302452 bus:OrdinaryShareClass1 2023-12-31
COMPANY REGISTRATION NUMBER: 14302452
LOXBROOK DEVELOPMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 December 2024
LOXBROOK DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
5,501
6,680
Current assets
Stocks
360,950
412,809
Debtors
5
71,727
118,153
Cash at bank and in hand
3,685
16,420
---------
---------
436,362
547,382
Creditors: amounts falling due within one year
6
550,445
563,300
---------
---------
Net current liabilities
114,083
15,918
---------
--------
Total assets less current liabilities
( 108,582)
( 9,238)
---------
-------
Net liabilities
( 108,582)
( 9,238)
---------
-------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
( 108,682)
( 9,338)
---------
-------
Shareholders deficit
( 108,582)
( 9,238)
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LOXBROOK DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 12 June 2025 , and are signed on behalf of the board by:
Mr A C Cock
Mrs N May
Director
Director
Ms L Fitzturner
Director
Company registration number: 14302452
LOXBROOK DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is The Old Mill, Blisworth Hill Farm, Stoke Road, Blisworth, Northampton, NN7 3DB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Based on the continuing support provided by the directors, through a connected company, for at least 12 months from the signing of the accounts, the directors consider it appropriate to prepare financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of the facilities available to the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets
Plant and machinery
£
Cost
At 1 January 2024 and 31 December 2024
7,859
-------
Depreciation
At 1 January 2024
1,179
Charge for the year
1,179
-------
At 31 December 2024
2,358
-------
Carrying amount
At 31 December 2024
5,501
-------
At 31 December 2023
6,680
-------
5. Debtors
2024
2023
£
£
Other debtors
71,727
118,153
--------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,192
15,572
Social security and other taxes
5,444
Amounts owed to connected parties
545,003
541,034
Other creditors
2,250
1,250
---------
---------
550,445
563,300
---------
---------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. Related party transactions
Included in Creditors is are loans amounting to £545,003 (2023:- £541,034) owed to EGN Services Limited, a company owned and controlled by Mr A Cock & Mrs N May . This is interest free and subject to repayment without notice. Loxbrook had sales to EGN Services, on an arms length basis, of £1,037,997 (2023:- £521,063).