REGISTERED NUMBER: 10933853 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

DIXONBAXI HOLDINGS LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

4,400,000

4,400,000

4,400,000

4,400,000

CURRENT ASSETS

Debtors

6

49,004

49,004

Cash at bank

1,230,253

893,834

1,279,257

942,838

CREDITORS

Amounts falling due within one year

7

(1,213,654

)

(798,587

)

NET CURRENT ASSETS

65,603

144,251

TOTAL ASSETS LESS CURRENT LIABILITIES

4,465,603

4,544,251

CREDITORS

Amounts falling due after more than one year

8

(2,167,963

)

(2,258,501

)

PROVISIONS FOR LIABILITIES

(78,923

)

(71,394

)

NET ASSETS

2,218,717

2,214,356

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

2,218,713

2,214,352

SHAREHOLDERS' FUNDS

2,218,717

2,214,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

A Baxi - Director

S Dixon - Director

1.	STATUTORY INFORMATION

DixonBaxi Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10933853

Registered office:

3rd Floor

21 Perrymount Road

Haywards Heath

West Sussex

RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about DixonBaxi Holdings Ltd 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.

Turnover

Turnover consists of rental income recognised on an accruals basis, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - 33.3% straight line

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 Income Statement, 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

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2024

and 31 January 2025

69,444

DEPRECIATION

At 1 February 2024

and 31 January 2025

69,444

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

4,400,000

NET BOOK VALUE

At 31 January 2025

4,400,000

At 31 January 2024

4,400,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2019

453,238

Valuation in 2024

7,524

Cost

3,939,238

4,400,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

3,939,238

3,939,238

Investment property was valued on an open market basis on 31 January 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,000

19,000

Other debtors

30,004

30,004

49,004

49,004

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

279,993

283,874

Trade creditors

8,222

5,835

Amounts owed to group undertakings

911,545

483,299

Taxation and social security

10,704

17,317

Other creditors

3,190

8,262

1,213,654

798,587

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are payable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,167,963

2,258,501

9.	SECURED DEBTS

The bank loan is secured by way of a fixed charge over all investment property owned by the company and all plant and machinery at the properties.

10.	RELATED PARTY DISCLOSURES

Balances owed to group undertakings and the terms attributable to them are disclosed in note 8 to the financial statements.