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Registered number: 08096411









BUXTON + MCNULTY PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
BUXTON + MCNULTY PROPERTIES LIMITED
REGISTERED NUMBER: 08096411

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
309,000
309,000

  
309,000
309,000

Current assets
  

Debtors: amounts falling due after more than one year
 6 
2,000,000
2,000,000

Debtors: amounts falling due within one year
 6 
100
100

Cash at bank and in hand
 7 
68,280
33,917

  
2,068,380
2,034,017

Creditors: amounts falling due within one year
 8 
(34,115)
(39,442)

Net current assets
  
 
 
2,034,265
 
 
1,994,575

Total assets less current liabilities
  
2,343,265
2,303,575

Creditors: amounts falling due after more than one year
 9 
(2,149,886)
(2,148,236)

  

Net assets
  
193,379
155,339


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
193,279
155,239

  
193,379
155,339


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.
Page 1

 
BUXTON + MCNULTY PROPERTIES LIMITED
REGISTERED NUMBER: 08096411
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 July 2025.




T D McNulty Esq
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BUXTON + MCNULTY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Buxton + McNulty Properties Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Horizons Business Park, Veridon Park, Unit 28 Alder Close, Erith, Kent, DA18 4AJ.
The principal activity of the company during the year was that of rental of property. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
BUXTON + MCNULTY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
BUXTON + MCNULTY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
12,014
5,856


Total current tax
12,014
5,856

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2023 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 5

 
BUXTON + MCNULTY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 November 2023
309,000



At 31 October 2024

309,000






Net book value



At 31 October 2024
309,000



At 31 October 2023
309,000




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
309,000
309,000

309,000
309,000



6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
2,000,000
2,000,000

2,000,000
2,000,000


2024
2023
£
£

Due within one year

Called up share capital not paid
100
100

100
100


Page 6

 
BUXTON + MCNULTY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
68,280
33,917

68,280
33,917



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
12,015
17,342

Other creditors
20,000
20,000

Accruals
2,100
2,100

34,115
39,442



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
2,149,886
2,148,236

2,149,886
2,148,236



10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7