Company Registration No. 12480298 (England and Wales)
Pixham Investment Limited
Unaudited accounts
for the year ended 28 February 2025
Pixham Investment Limited
Unaudited accounts
Contents
Pixham Investment Limited
Company Information
for the year ended 28 February 2025
Directors
Ikechukwu Ifeaka Nwangwu
Ayodamola Olayiwola Ojo
Company Number
12480298 (England and Wales)
Registered Office
106 APEX APARTMENTS IFIELD ROAD
CRAWLEY
RH11 7PD
ENGLAND
Pixham Investment Limited
Statement of financial position
as at 28 February 2025
Investment property
120,000
132,000
Cash at bank and in hand
43,285
46,868
Creditors: amounts falling due within one year
(47,354)
(47,319)
Net current liabilities
(4,069)
(451)
Total assets less current liabilities
116,140
132,073
Creditors: amounts falling due after more than one year
(99,751)
(105,748)
Provisions for liabilities
Deferred tax
(3,710)
(5,990)
Called up share capital
1
1
Revaluation reserve
15,817
25,537
Profit and loss account
(3,139)
(5,203)
Shareholders' funds
12,679
20,335
For the year ending 28 February 2025 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 20 August 2025 and were signed on its behalf by
Ikechukwu Ifeaka Nwangwu
Director
Company Registration No. 12480298
Pixham Investment Limited
Notes to the Accounts
for the year ended 28 February 2025
Pixham Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 12480298. The registered office is 106 APEX APARTMENTS IFIELD ROAD, CRAWLEY, RH11 7PD, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
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:
Computer equipment
25% Straight Line
Pixham Investment Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Computer equipment
Fair value at 1 March 2024
132,000
Net loss from fair value adjustments
(12,000)
At 28 February 2025
120,000
Investment property has been revalued as per current market prices during the year to £114,000.
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,950
6,950
Loans from directors
40,079
40,044
7
Creditors: amounts falling due after more than one year
2025
2024
The balance on the directors loan account is £40,079 owed to the directors at 28/02/25 (£40,045 at 29/02/24). This is an interest free loan, repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).