IRIS Accounts Production v24.3.2.46 07350321 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073503212023-09-30073503212024-09-30073503212023-10-012024-09-30073503212022-09-30073503212022-10-012023-09-30073503212023-09-3007350321ns15:EnglandWales2023-10-012024-09-3007350321ns14:PoundSterling2023-10-012024-09-3007350321ns10:Director12023-10-012024-09-3007350321ns10:Director22023-10-012024-09-3007350321ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3007350321ns10:SmallEntities2023-10-012024-09-3007350321ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3007350321ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3007350321ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3007350321ns10:FullAccounts2023-10-012024-09-3007350321ns10:RegisteredOffice2023-10-012024-09-3007350321ns5:CurrentFinancialInstruments2024-09-3007350321ns5:CurrentFinancialInstruments2023-09-3007350321ns5:Non-currentFinancialInstruments2024-09-3007350321ns5:Non-currentFinancialInstruments2023-09-3007350321ns5:ShareCapital2024-09-3007350321ns5:ShareCapital2023-09-3007350321ns5:RetainedEarningsAccumulatedLosses2024-09-3007350321ns5:RetainedEarningsAccumulatedLosses2023-09-3007350321ns5:PlantMachinery2023-10-012024-09-3007350321ns5:PlantMachinery2023-09-3007350321ns5:PlantMachinery2024-09-3007350321ns5:PlantMachinery2023-09-3007350321ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3007350321ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 07350321 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LOXLEY PROPERTY & DEVELOPMENT LIMITED

LOXLEY PROPERTY & DEVELOPMENT LIMITED (REGISTERED NUMBER: 07350321)






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


LOXLEY PROPERTY & DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr S Dobie
Mr P Dobie





REGISTERED OFFICE: Manor Street
Audenshaw
Manchester
Lancashire
M34 5JG





REGISTERED NUMBER: 07350321 (England and Wales)





ACCOUNTANTS: Strathmore Accountants Limited
3rd Floor, Ivy Mill,
Crown Street,
Failsworth
Manchester
M35 9BG

LOXLEY PROPERTY & DEVELOPMENT LIMITED (REGISTERED NUMBER: 07350321)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 79,119 58,366

CURRENT ASSETS
Debtors 5 3,474,456 2,303,214
Cash at bank and in hand 409,657 223,784
3,884,113 2,526,998
CREDITORS
Amounts falling due within one year 6 (518,429 ) (193,794 )
NET CURRENT ASSETS 3,365,684 2,333,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,444,803

2,391,570

CREDITORS
Amounts falling due after more than one
year

7

(3,556,209

)

(2,384,376

)
NET (LIABILITIES)/ASSETS (111,406 ) 7,194

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (111,408 ) 7,192
SHAREHOLDERS' FUNDS (111,406 ) 7,194

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.

LOXLEY PROPERTY & DEVELOPMENT LIMITED (REGISTERED NUMBER: 07350321)

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 14 March 2025 and were signed on its behalf by:




Mr P Dobie - Director



Mr S Dobie - Director


LOXLEY PROPERTY & DEVELOPMENT LIMITED (REGISTERED NUMBER: 07350321)

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

1. STATUTORY INFORMATION

Loxley Property & Development 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.

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.

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

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, 25% on cost and 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LOXLEY PROPERTY & DEVELOPMENT LIMITED (REGISTERED NUMBER: 07350321)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 October 2023 216,500
Additions 73,407
At 30 September 2024 289,907
DEPRECIATION
At 1 October 2023 158,134
Charge for year 52,654
At 30 September 2024 210,788
NET BOOK VALUE
At 30 September 2024 79,119
At 30 September 2023 58,366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts recoverable on contract 3,261,141 1,980,691
Other debtors 213,315 322,523
3,474,456 2,303,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 4,667 4,667
Trade creditors 58,240 125,540
Taxation and social security 5,847 3,252
Other creditors 449,675 60,335
518,429 193,794

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 21,778 26,444
Other creditors 3,534,431 2,357,932
3,556,209 2,384,376