Company registration number 01192131 (England and Wales)
Gordon Baxter (Nantwich) Limited
Unaudited financial statements
For the year ended 30 November 2024
Gordon Baxter (Nantwich) Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Gordon Baxter (Nantwich) Limited
Balance sheet
As at 30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,483,320
1,503,220
Investment property
4
529,645
529,645
2,012,965
2,032,865
Current assets
Stocks
50,420
52,917
Debtors
5
672,800
416,886
Cash at bank and in hand
780,149
972,415
1,503,369
1,442,218
Creditors: amounts falling due within one year
6
(716,130)
(616,987)
Net current assets
787,239
825,231
Total assets less current liabilities
2,800,204
2,858,096
Provisions for liabilities
(101,930)
(105,010)
Net assets
2,698,274
2,753,086
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
2,698,174
2,752,986
Total equity
2,698,274
2,753,086
Gordon Baxter (Nantwich) Limited
Balance sheet (continued)
As at 30 November 2024
- 2 -

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 October 2025 and are signed on its behalf by:
Mr G J Baxter
Director
Company registration number 01192131 (England and Wales)
Gordon Baxter (Nantwich) Limited
Notes to the financial statements
For the year ended 30 November 2024
- 3 -
1
Accounting policies
Company information

Gordon Baxter (Nantwich) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Meadow Bank Wrenbury Heath Road, Sound, Nantwich, Cheshire, United Kingdom, CW5 8BT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings
2% straight line
Plant and machinery
15% reducing balance basis
Motor vehicles
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stock is valued at the lower of cost and net realisable value.

Gordon Baxter (Nantwich) Limited
Notes to the financial statements (continued)
For the year ended 30 November 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
Gordon Baxter (Nantwich) Limited
Notes to the financial statements (continued)
For the year ended 30 November 2024
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 December 2023
1,143,672
1,550,189
2,693,861
Additions
-
0
65,795
65,795
At 30 November 2024
1,143,672
1,615,984
2,759,656
Depreciation and impairment
At 1 December 2023
111,230
1,079,411
1,190,641
Depreciation charged in the year
4,544
81,151
85,695
At 30 November 2024
115,774
1,160,562
1,276,336
Carrying amount
At 30 November 2024
1,027,898
455,422
1,483,320
At 30 November 2023
1,032,442
470,778
1,503,220
4
Investment property
2024
£
Fair value
At 1 December 2023 and 30 November 2024
529,645

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors at 30 November 2023. The valuation was made on an open market value basis.

On an historical cost basis the investment properties would have been included at a cost of £5 29,645 (20 2 3 - £529,645).

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
355,876
285,373
Other debtors
316,924
131,513
672,800
416,886
Gordon Baxter (Nantwich) Limited
Notes to the financial statements (continued)
For the year ended 30 November 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
367,592
242,987
Taxation and social security
40,010
83,685
Other creditors
308,528
290,315
716,130
616,987
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
8
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Interest charged
Amounts repaid
Closing balance
£
£
£
£
Loan
2.25
80,333
1,646
(10,647)
71,332
80,333
1,646
(10,647)
71,332
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