Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2024-01-01 false true property investment 2 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02703971 2024-01-01 2024-12-31 02703971 2023-01-01 2023-12-31 02703971 2024-12-31 02703971 2023-12-31 02703971 2023-01-01 02703971 c:Director3 2024-01-01 2024-12-31 02703971 c:Director4 2024-01-01 2024-12-31 02703971 d:FurnitureFittings 2024-01-01 2024-12-31 02703971 d:FurnitureFittings 2024-12-31 02703971 d:FurnitureFittings 2023-12-31 02703971 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02703971 d:FreeholdInvestmentProperty 2024-12-31 02703971 d:FreeholdInvestmentProperty 2023-12-31 02703971 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 02703971 d:CurrentFinancialInstruments 2024-12-31 02703971 d:CurrentFinancialInstruments 2023-12-31 02703971 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02703971 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02703971 d:ShareCapital 2024-12-31 02703971 d:ShareCapital 2023-12-31 02703971 d:SharePremium 2024-12-31 02703971 d:SharePremium 2023-12-31 02703971 d:InvestmentPropertiesRevaluationReserve 2024-12-31 02703971 d:InvestmentPropertiesRevaluationReserve 2023-12-31 02703971 d:ForeignCurrencyTranslationReserve 2024-12-31 02703971 d:ForeignCurrencyTranslationReserve 2023-12-31 02703971 d:OtherMiscellaneousReserve 2024-12-31 02703971 d:OtherMiscellaneousReserve 2023-12-31 02703971 d:RetainedEarningsAccumulatedLosses 2024-12-31 02703971 d:RetainedEarningsAccumulatedLosses 2023-12-31 02703971 c:FRS102 2024-01-01 2024-12-31 02703971 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02703971 c:FullAccounts 2024-01-01 2024-12-31 02703971 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02703971 d:OtherDeferredTax 2024-12-31 02703971 d:OtherDeferredTax 2023-12-31 02703971 2 2024-01-01 2024-12-31 02703971 6 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02703971 SAXBY PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SAXBY PROPERTIES LIMITED REGISTERED NUMBER:02703971
BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 821 |  | 1,026
Investments | 5 |  | 547,519 |  | 257,942
Investment property | 6 |  | 704,406 |  | 721,772
|  |  | 1,252,746 |  | 980,740
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 663 |  | 1,343 |
Cash at bank and in hand | 8 | 62,629 |  | 435,378 |
|  | 63,292 |  | 436,721 |
Creditors: amounts falling due within one year | 9 | (368,926) |  | (442,564) |
Net current liabilities |  |  | (305,634) |  | (5,843)
Total assets less current liabilities |  |  | 947,112 |  | 974,897
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (53,683) |  | (53,683) |
|  |  | (53,683) |  | (53,683)
Net assets |  |  | 893,429 |  | 921,214
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 250,000 |  | 250,000
Share premium account |  |  | 149,999 |  | 149,999
Foreign exchange reserve |  |  | (9,972) |  | 2,421
Investment property reserve |  |  | 456,653 |  | 461,626
Other reserves |  |  | 45,756 |  | 56,845
Profit and loss account |  |  | 993 |  | 323
|  |  | 893,429 |  | 921,214
Page 1
SAXBY PROPERTIES LIMITED REGISTERED NUMBER:02703971
BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider 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 directors acknowledge their 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. 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 by:
T Martin | N Martin
Director | Director
Date: 11 September 2025 |
The notes on pages 3 to 10 form part of these financial statements. Page 2
SAXBY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Saxby Properties Limited is a private company limited by shares, incorporated in England and Wales. It's registered office is Crossways House, Holmesdale Road, South Nutfield, Surrey, RH1 4JE. The principal activity of the business continued to be that of property investment. 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
SAXBY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 4
SAXBY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | 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, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Fixtures & fittings | - | 20% | reducing balance basis
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.
| 2.8 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.9 | Valuation of investments
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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. Page 5
SAXBY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.13 | Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
| 2.14 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.15 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
Page 6
SAXBY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Fixtures & fittings
|  | £
| Cost or valuation |
| At 1 January 2024 | 19,546
| At 31 December 2024 | 19,546
| Depreciation |
| At 1 January 2024 | 18,520
| Charge for the year on owned assets | 205
| At 31 December 2024 | 18,725
| Net book value |
| At 31 December 2024 | 821
| At 31 December 2023 | 1,026
5. | Fixed asset investments
|  | Listed investments
|  | £
| Cost or valuation |
| At 1 January 2024 | 257,942
| Additions | 300,666
| Revaluations | (11,089)
| At 31 December 2024 | 547,519
Page 7
SAXBY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2024 | 721,772
| Surplus on revaluation | (17,366)
| At 31 December 2024 | 704,406
The 2024 valuations were made by B Martin, on an open market value for existing use basis.
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Revaluation reserves |  |
| At 1 January 2024 | 461,626 | 305,277
| Net surplus/(deficit) in movement properties | (4,973) | 156,349
| At 31 December 2024 | 456,653 | 461,626
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Historic cost | 319,180 | 319,180
|  | 319,180 | 319,180
Page 8
SAXBY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 169 | 1
| Prepayments and accrued income | 494 | 1,342
|  | 663 | 1,343
8. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 62,629 | 435,378
|  | 62,629 | 435,378
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | - | 880
| Other creditors | 365,816 | 438,574
| Accruals and deferred income | 3,110 | 3,110
|  | 368,926 | 442,564
10. | Deferred taxation
|  | 2024 | 2023
|  | £ | £
| At beginning of year | (53,683) | (49,753)
| Charged to profit or loss | - | (3,930)
| At end of year | (53,683) | (53,683)
Page 9
SAXBY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Revaluation of investment properties | (53,683) | (53,683)
|  | (53,683) | (53,683)
Page 10