IRIS Accounts Production v25.2.0.378 09726027 Board of Directors 1.4.24 31.3.25 31.3.25 0 0 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09726027 2024-03-31 09726027 2025-03-31 09726027 2024-04-01 2025-03-31 09726027 2023-03-31 09726027 2023-04-01 2024-03-31 09726027 2024-03-31 09726027 ns15:EnglandWales 2024-04-01 2025-03-31 09726027 ns14:PoundSterling 2024-04-01 2025-03-31 09726027 ns10:Director1 2024-04-01 2025-03-31 09726027 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09726027 ns10:SmallEntities 2024-04-01 2025-03-31 09726027 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09726027 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 09726027 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09726027 ns10:FullAccounts 2024-04-01 2025-03-31 09726027 1 2024-04-01 2025-03-31 09726027 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 09726027 ns5:CurrentFinancialInstruments 2025-03-31 09726027 ns5:CurrentFinancialInstruments 2024-03-31 09726027 ns5:Non-currentFinancialInstruments 2025-03-31 09726027 ns5:Non-currentFinancialInstruments 2024-03-31 09726027 ns5:ShareCapital 2025-03-31 09726027 ns5:ShareCapital 2024-03-31 09726027 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 09726027 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 09726027 ns10:RegisteredOffice 2024-04-01 2025-03-31 09726027 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 09726027 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 09726027 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 09726027 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 09726027 ns5:CostValuation 2024-03-31 09726027 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 09726027 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 09726027 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2025-03-31 09726027 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2024-03-31 09726027 ns5:Secured 2025-03-31 09726027 ns5:Secured 2024-03-31 09726027 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 09726027 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

Laxton Holdings Limited

Laxton Holdings Limited (Registered number: 09726027)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Laxton Holdings Limited (Registered number: 09726027)

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 9,060 |  |

Investments | 5 | 40,000 |  | 40,000 |  |

Investment property | 6 | - |  | 1,600,000 |  |

40,000 |  | 1,649,060 |  |

CURRENT ASSETS

Debtors | 7 | 462,918 |  | 18,000 |  |

Cash at bank | 6,353 |  | 717,429 |  |

469,271 |  | 735,429 |  |

CREDITORS

Amounts falling due within one year | 8 | 85,818 |  | 108,973 |  |

NET CURRENT ASSETS | 383,453 |  | 626,456 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 423,453 |  | 2,275,516 |  |

CREDITORS

Amounts falling due after more than one year | 9 | - |  | (674,163 | ) |

PROVISIONS FOR LIABILITIES | - |  | (43,001 | ) |

NET ASSETS | 423,453 |  | 1,558,352 |  |

CAPITAL AND RESERVES

Called up share capital issued and fully paid | 11 | 40,000 |  | 40,000 |  |

Retained earnings | 383,453 |  | 1,518,352 |  |

SHAREHOLDERS' FUNDS | 423,453 |  | 1,558,352 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Laxton Holdings Limited (Registered number: 09726027)

Balance Sheet - continued

31 March 2025

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 Profit and Loss Account 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:

J A Laxton - Director

Laxton Holdings Limited (Registered number: 09726027)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Laxton Holdings Limited 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: | 09726027

| Registered office: | Unit 6

| Sapper Jordan Rossi Park

| Otley Road

| Baildon

| BD17 7AX

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view.

| The financial statements have been prepared under the historical cost convention.

| The functional and presentational currency of the company is considered to be pounds sterling.

| Turnover

| Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery.

| Intangible assets

| Separately acquired patents and licences are included at cost and amortised in equal annual instalments over a period of 5 years which is their estimated useful economic life. Provision is made for any impairment.

| Intangible assets acquired as part of a business combination are measured at fair value at the acquisition date.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less provision for impairment where necessary to reduce book value to recoverable cost.

| 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.

Laxton Holdings Limited (Registered number: 09726027)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, other creditors, and inter-company balances.

| Trade debtors, other debtors, cash and bank balances, trade creditors, other creditors and inter-company balances (being repayable on demand) are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| 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.

| Distributions

| Gifts to the controlling Employee Ownership Trust (EOT), formed for the benefit of employees, are included in the financial statements as a distribution in the period in which they are paid, unless a commitment exists at the balance sheet date to make a gift in which case they are accrued.

Laxton Holdings Limited (Registered number: 09726027)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Impairment losses

| Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

| Non financial assets

| An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| Financial assets

| For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

| Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

| Income from shares in group undertakings

| Income from shares in group undertakings is recognised at the point of declaration in the subsidiary company.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024 | 12,080 |  |

| Disposals | (12,080 | ) |

| At 31 March 2025 | - |  |

| AMORTISATION

| At 1 April 2024 | 3,020 |  |

| Charge for year | 2,013 |  |

| Eliminated on disposal | (5,033 | ) |

| At 31 March 2025 | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | 9,060 |  |

Laxton Holdings Limited (Registered number: 09726027)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 40,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 40,000 |  |

| At 31 March 2024 | 40,000 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 1,600,000 |  |

| Disposals | (1,600,000 | ) |

| At 31 March 2025 | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | 1,600,000 |  |

7. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | - |  | 18,000 |  |

| Amounts owed by group undertakings | 90,580 |  | - |  |

| Other debtors | 75,222 |  | - |  |

165,802 |  | 18,000 |  |

| Amounts falling due after more than one year:

| Other debtors | 297,116 |  | - |  |

| Aggregate amounts | 462,918 |  | 18,000 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 49,000 |  |

| Amounts owed to group undertakings | - |  | 4,355 |  |

| Taxation and social security | 85,818 |  | 36,139 |  |

| Other creditors | - |  | 19,479 |  |

85,818 |  | 108,973 |  |

Laxton Holdings Limited (Registered number: 09726027)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 674,163 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 723,163 |  |

11. | CALLED UP SHARE CAPITAL ISSUED AND FULLY PAID |

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 40,000 | Ordinary | £1 | 40,000 |  | 40,000 |  |

12. | ULTIMATE CONTROLLING PARTY

| The company's Ordinary shares are owned by the Laxton EOT Limited.