| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| BUX LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| BUX LIMITED |
| BUX LIMITED (REGISTERED NUMBER: 08017056) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BUX LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Greenbank House |
| 141 Adelphi Street |
| Preston |
| Lancashire |
| PR1 7BH |
| BUX LIMITED (REGISTERED NUMBER: 08017056) |
| BALANCE SHEET |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BUX LIMITED (REGISTERED NUMBER: 08017056) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Bux Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Bux Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Income |
| All income is recognised in the Income Statement once the company has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. |
| Investment properties |
| Investment properties are recognised at open market value. Any aggregate surplus or deficit is taken to the "gains and losses on investment assets" on the Income Statement. The investment properties have been valued by the directors for the period ended 31 March 2024. The market value of the investment properties is not materially different to these values as at 31 March 2024. |
| Investments in subsidiaries |
| Investments in group undertakings are recognised at open market value. Any aggregate surplus or deficit being taken to "gains and losses on investment assets" in the Income Statement. The investments have been valued by the directors for the period ended 31 March 2024. The market value of the investments is not materially different to these values as at 31 March 2024. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| BUX LIMITED (REGISTERED NUMBER: 08017056) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include investments, debtors and bank balances, are initially measured at transaction price, and are subsequently carried at cost. Basic financial liabilities, which include creditors, loans and borrowings, are initially recognised at transaction price and are subsequently carried at cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Investment |
| properties |
| £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| The investment properties are included at open market value as at 31 March 2025. The directors have valued the investment properties, and consider the market value of the investment properties will not be materially different to this amount. |
| Cost or valuation at 31 March 2025 is represented by: |
| Investment |
| properties |
| £ |
| Valuation in 2020 | 143,382 |
| Valuation in 2023 | 14,165 |
| Valuation in 2025 | 71,250 |
| Cost | 895,083 |
| 1,123,880 |
| BUX LIMITED (REGISTERED NUMBER: 08017056) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If the investment property had not been revalued it would have been included at the following historical cost: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Cost | 895,083 | 2,330,477 |
| The investment property was valued on an open market basis on 31 March 2025 by the directors . |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) |
| Revaluations | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Cost or valuation at 31 March 2025 is represented by: |
| Shares in |
| group |
| undertakings |
| £ |
| Valuation in 2020 | 474,367 |
| Valuation in 2021 | 259,774 |
| Valuation in 2022 | 71,335 |
| Valuation in 2023 | (241,304 | ) |
| Valuation in 2024 | (6,587 | ) |
| Valuation in 2025 | (3,352 | ) |
| Cost | 75,425 |
| 629,658 |
| The investments are at open market value as at 31 March 2025. The directors have valued the investments, and consider the market value of the investments will not be materially different to this amount. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Other debtors |
| BUX LIMITED (REGISTERED NUMBER: 08017056) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 26,566 | 526,788 |
| 8. | RELATED PARTY DISCLOSURES |
| The company owed £1,000,000 (2024 £1,050,000) to family members of Mr A Bux and £251,540 (2024: £251,540) to a company owned by a director. |
| The company is owed £4,187,414 (2024: £221,900) from companies owned by directors, and £164,700 (2024: £201,900) from a charity of which both directors are trustees. |
| All loans are interest free, unsecured and repayable on demand. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The controlling party is A Bux. |