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Company Registration No. 02368207 (England and Wales)
Axe Valley Properties Limited Unaudited accounts for the year ended 30 September 2024
Axe Valley Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Axe Valley Properties Limited Company Information for the year ended 30 September 2024
Directors
Mrs M R Motson Mr S Motson Mr T Motson
Secretary
Mrs M R Motson
Company Number
02368207 (England and Wales)
Registered Office
32 Eyewell Green Seaton Devon EX12 2BW United Kingdom
Accountants
Jamie McLennan 38 Elizabeth Road SEATON Devon EX12 2DR
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Axe Valley Properties Limited Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
25,063
25,076
Current assets
Debtors
5
1,583
1,490
Cash at bank and in hand
7,592
10,972
9,175
12,462
Creditors: amounts falling due within one year
6
(8,259)
(18,684)
Net current assets/(liabilities)
916
(6,222)
Total assets less current liabilities
25,979
18,854
Provisions for liabilities
Deferred tax
(19)
(19)
Net assets
25,960
18,835
Capital and reserves
Called up share capital
2
2
Profit and loss account
25,958
18,833
Shareholders' funds
25,960
18,835
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by
Mrs M R Motson Director Company Registration No. 02368207
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Axe Valley Properties Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Axe Valley Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02368207. The registered office is 32 Eyewell Green, Seaton, Devon, EX12 2BW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Axe Valley Properties Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2023
25,000
5,554
30,554
At 30 September 2024
25,000
5,554
30,554
Depreciation
At 1 October 2023
-
5,478
5,478
Charge for the year
-
13
13
At 30 September 2024
-
5,491
5,491
Net book value
At 30 September 2024
25,000
63
25,063
At 30 September 2023
25,000
76
25,076
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,583
1,490
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,176
2,176
Taxes and social security
1,789
1,173
Loans from directors
3,693
14,641
Accruals
601
694
8,259
18,684
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mrs M R Motson
(14,642)
12,928
1,929
(3,643)
(14,642)
12,928
1,929
(3,643)
During the year the directors entered into the above advances and credits with the company.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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