REGISTERED NUMBER: 00501092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

COXETERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs KVA Coxeter

Mr RAS Wood

Mr PBJ Barrett

Mr P J Barrett

SECRETARY:

Mr RAS Wood

REGISTERED OFFICE:

21/27 Ock Street

Abingdon

Oxfordshire

OX14 5AJ

REGISTERED NUMBER:

00501092 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

FIXED ASSETS

Tangible assets

4

114,995

74,122

Investment property

5

2,174,172

2,174,172

2,289,167

2,248,294

CURRENT ASSETS

Debtors

6

88,426

59,464

Cash at bank and in hand

272,902

231,145

361,328

290,609

CREDITORS

Amounts falling due within one year

7

228,042

146,174

NET CURRENT ASSETS

133,286

144,435

TOTAL ASSETS LESS CURRENT LIABILITIES

2,422,453

2,392,729

CREDITORS

Amounts falling due after more than one year

8

(246,970

)

(241,504

)

PROVISIONS FOR LIABILITIES

10

(5,659

)

(9,018

)

NET ASSETS

2,169,824

2,142,207

CAPITAL AND RESERVES

Called up share capital

11

20,000

20,000

Fair value reserve

12

977,904

977,904

Retained earnings

12

1,171,920

1,144,303

SHAREHOLDERS' FUNDS

2,169,824

2,142,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2026 and were signed on its behalf by:

Mrs KVA Coxeter - Director

1.	STATUTORY INFORMATION

Coxeters 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 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.

Turnover

Turnover represents net rent receivable excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Over the term of the lease

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost and 20% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Preference shares are classed as financial liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

1,551

116,829

27,340

2,397

148,117

Additions

-

-

68,220

1,916

70,136

At 30 April 2025

1,551

116,829

95,560

4,313

218,253

DEPRECIATION

At 1 May 2024

1,551

63,821

6,835

1,788

73,995

Charge for year

-

7,951

20,479

833

29,263

At 30 April 2025

1,551

71,772

27,314

2,621

103,258

NET BOOK VALUE

At 30 April 2025

-

45,057

68,246

1,692

114,995

At 30 April 2024

-

53,008

20,505

609

74,122

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2024

27,340

Additions

68,220

At 30 April 2025

95,560

DEPRECIATION

At 1 May 2024

6,835

Charge for year

23,890

At 30 April 2025

30,725

NET BOOK VALUE

At 30 April 2025

64,835

At 30 April 2024

20,505

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

2,174,172

NET BOOK VALUE

At 30 April 2025

2,174,172

At 30 April 2024

2,174,172

Fair value at 30 April 2025 is represented by:

£

Valuation in 1984

332,568

Valuation in 2004

667,165

Valuation in 2021

(19,029

)

Valuation in 2022

(2,800

)

Cost

1,196,268

2,174,172

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

30.4.25

30.4.24

£

£

Cost

1,196,268

1,196,268

Investment property was valued on an open market basis on 30 April 2025 by the directors .

If the investment property was sold for its fair value, there would not be any tax payable.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

72,910

45,059

Other debtors

1,740

-

Directors' current accounts

-

300

Prepayments

13,776

14,105

88,426

59,464

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Preference shares (see note 9)

17,186

17,186

Hire purchase contracts

27,628

2,763

Trade creditors

39,961

22,259

Tax

10,824

1,293

Social security and other taxes

6,325

5,867

Pension creditor

337

455

VAT

17,167

7,546

Other creditors

1,487

-

Newrace Limited

10,000

10,000

Preference dividend payable

1,277

1,204

Directors' current accounts

11,462

8,672

Accrued expenses

43,748

41,894

Rent received in advance

40,640

27,035

228,042

146,174

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

51,313

20,097

Newrace Limited

195,657

221,407

246,970

241,504

9.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

£

Amounts falling due within one year or on demand:

Preference shares

17,186

17,186

10.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

Accelerated capital allowances

5,659

9,018

Deferred

tax

£

Balance at 1 May 2024

9,018

Credit to Profit and loss account during year

(3,359

)

Balance at 30 April 2025

5,659

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

20,000

Ordinary shares

£1

20,000

20,000

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 May 2024

1,144,303

977,904

2,122,207

Profit for the year

27,617

27,617

At 30 April 2025

1,171,920

977,904

2,149,824

The fair value reserve relates to the inclusion of the investment property at fair value.