REGISTERED NUMBER: 13197974 (England and Wales)

CLAXTON TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A Jackson-Stops

Mr W A Jackson-Stops

REGISTERED OFFICE:

15 Towcester Road

Old Stratford

Milton Keynes

MK19 6AN

REGISTERED NUMBER:

13197974 (England and Wales)

ACCOUNTANTS:

Thompson Balch Limited

Chartered Accountants

Sovereign House

15 Towcester Road

Old Stratford

Milton Keynes

MK19 6AN

FIXED ASSETS

Tangible assets

4

72,153

795,734

Investment property

5

1,369,218

-

1,441,371

795,734

CURRENT ASSETS

Debtors

6

126,709

76,950

Cash at bank

196,021

268,809

322,730

345,759

CREDITORS

Amounts falling due within one year

7

1,683,298

1,050,763

NET CURRENT LIABILITIES

(1,360,568

)

(705,004

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,803

90,730

CAPITAL AND RESERVES

Called up share capital

2

-

Retained earnings

80,801

90,730

SHAREHOLDERS' FUNDS

80,803

90,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

Mr J A Jackson-Stops - Director

Mr W A Jackson-Stops - Director

1.	STATUTORY INFORMATION

Claxton Trading 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

COST

At 1 March 2024

735,355

27,544

58,868

821,767

Additions

-

-

39,509

39,509

Disposals

-

(7,758

)

-

(7,758

)

Reclassification/transfer

(735,355

)

-

-

(735,355

)

At 28 February 2025

-

19,786

98,377

118,163

DEPRECIATION

At 1 March 2024

-

2,754

23,279

26,033

Charge for year

-

1,203

18,774

19,977

At 28 February 2025

-

3,957

42,053

46,010

NET BOOK VALUE

At 28 February 2025

-

15,829

56,324

72,153

At 29 February 2024

735,355

24,790

35,589

795,734

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

633,863

Reclassification/transfer

735,355

At 28 February 2025

1,369,218

NET BOOK VALUE

At 28 February 2025

1,369,218

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,709

-

Other debtors

125,000

76,950

126,709

76,950

Included within other debtors is a loan to a Burcote Consultancy Limited for £50,000 (2024: £50,000), a company under the control of the director, Mr J Jackson-Stops. This loan in interest free and repayable on demand.

Included within other debtors is a loan to a Claxton Thoroughbreds Limited for £35,000 (2024: £25,000), a company under common control. This loan in interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

100

-

Taxation and social security

10,354

1,925

Other creditors

1,672,844

1,048,838

1,683,298

1,050,763

Included within other creditors is a loan from Burcotecourt Development Limited, a company under common control, for £585,311 (2024: £592,151). This loan is interest free and repayable on demand.