IRIS Accounts Production v25.4.0.155 06532620 Board of Directors 1.5.24 30.4.25 30.4.25 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06532620 2024-04-30 06532620 2025-04-30 06532620 2024-05-01 2025-04-30 06532620 2023-04-30 06532620 2023-05-01 2024-04-30 06532620 2024-04-30 06532620 ns15:EnglandWales 2024-05-01 2025-04-30 06532620 ns14:PoundSterling 2024-05-01 2025-04-30 06532620 ns10:Director1 2024-05-01 2025-04-30 06532620 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 06532620 ns10:SmallEntities 2024-05-01 2025-04-30 06532620 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 06532620 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 06532620 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 06532620 ns10:FullAccounts 2024-05-01 2025-04-30 06532620 ns10:Director2 2024-05-01 2025-04-30 06532620 ns10:CompanySecretary1 2024-05-01 2025-04-30 06532620 ns10:RegisteredOffice 2024-05-01 2025-04-30 06532620 ns5:CurrentFinancialInstruments 2025-04-30 06532620 ns5:CurrentFinancialInstruments 2024-04-30 06532620 ns5:Non-currentFinancialInstruments 2025-04-30 06532620 ns5:Non-currentFinancialInstruments 2024-04-30 06532620 ns5:ShareCapital 2025-04-30 06532620 ns5:ShareCapital 2024-04-30 06532620 ns5:RevaluationReserve 2025-04-30 06532620 ns5:RevaluationReserve 2024-04-30 06532620 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 06532620 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 06532620 ns5:PlantMachinery 2024-05-01 2025-04-30 06532620 ns5:MotorVehicles 2024-05-01 2025-04-30 06532620 ns5:LandBuildings 2024-04-30 06532620 ns5:PlantMachinery 2024-04-30 06532620 ns5:MotorVehicles 2024-04-30 06532620 ns5:ComputerEquipment 2024-04-30 06532620 ns5:LandBuildings 2024-05-01 2025-04-30 06532620 ns5:ComputerEquipment 2024-05-01 2025-04-30 06532620 ns5:LandBuildings 2025-04-30 06532620 ns5:PlantMachinery 2025-04-30 06532620 ns5:MotorVehicles 2025-04-30 06532620 ns5:ComputerEquipment 2025-04-30 06532620 ns5:LandBuildings 2024-04-30 06532620 ns5:PlantMachinery 2024-04-30 06532620 ns5:MotorVehicles 2024-04-30 06532620 ns5:ComputerEquipment 2024-04-30 06532620 ns5:CostValuation 2024-04-30 06532620 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 06532620 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 06532620 ns5:Secured 2025-04-30 06532620 ns5:Secured 2024-04-30 06532620 ns5:RevaluationReserve 2024-04-30

REGISTERED NUMBER: 06532620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

THE BAXTER GROUP LIMITED

| THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| THE BAXTER GROUP LIMITED |

COMPANY INFORMATION

for the Year Ended 30 April 2025

| DIRECTORS: | Mr I D Baxter

| Mr C I Baxter

| SECRETARY: | Mr I D Baxter

| REGISTERED OFFICE: | 5 Crescent East

| Thornton Cleveleys

| Lancashire

| FY5 3LJ

| REGISTERED NUMBER: | 06532620 (England and Wales)

| ACCOUNTANTS: | ma2 Limited

| Chartered Accountants

| 5 Crescent East

| Thornton Cleveleys

| Lancashire

| FY5 3LJ

| THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620) |

BALANCE SHEET

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,641,002 |  | 2,721,877 |  |

Investments | 5 | 220,189 |  | 220,189 |  |

2,861,191 |  | 2,942,066 |  |

CURRENT ASSETS

Stocks | 1,741,770 |  | 1,396,917 |  |

Debtors | 6 | 2,810,879 |  | 1,147,482 |  |

Cash at bank | 22,609 |  | 19,103 |  |

4,575,258 |  | 2,563,502 |  |

CREDITORS

Amounts falling due within one year | 7 | 5,409,383 |  | 3,320,239 |  |

NET CURRENT LIABILITIES | (834,125 | ) | (756,737 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,027,066 |  | 2,185,329 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (150,291 | ) | (252,107 | ) |

PROVISIONS FOR LIABILITIES | (303,592 | ) | (303,592 | ) |

NET ASSETS | 1,573,183 |  | 1,629,630 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Revaluation reserve | 10 | 1,298,368 |  | 1,298,368 |  |

Retained earnings | 274,715 |  | 331,162 |  |

SHAREHOLDERS' FUNDS | 1,573,183 |  | 1,629,630 |  |

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 BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620) |

BALANCE SHEET - continued

30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2026 and were signed on its behalf by:

Mr C I Baxter - Director

| THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| The Baxter Group 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.

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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 15% on reducing balance

| Motor vehicles | - | 15% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Hire purchase and leasing commitments

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

| THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 22 (2024 - 23 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 2,396,487 |  | 371,228 |  | 164,640 |  | 80,116 |  | 3,012,471 |  |

| Additions | - |  | - |  | - |  | 2,340 |  | 2,340 |  |

| Disposals | - |  | - |  | (12,857 | ) | - |  | (12,857 | ) |

| At 30 April 2025 | 2,396,487 |  | 371,228 |  | 151,783 |  | 82,456 |  | 3,001,954 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 179,227 |  | 67,389 |  | 43,978 |  | 290,594 |  |

| Charge for year | - |  | 48,000 |  | 23,856 |  | 5,421 |  | 77,277 |  |

| Eliminated on disposal | - |  | - |  | (6,919 | ) | - |  | (6,919 | ) |

| At 30 April 2025 | - |  | 227,227 |  | 84,326 |  | 49,399 |  | 360,952 |  |

| NET BOOK VALUE

| At 30 April 2025 | 2,396,487 |  | 144,001 |  | 67,457 |  | 33,057 |  | 2,641,002 |  |

| At 30 April 2024 | 2,396,487 |  | 192,001 |  | 97,251 |  | 36,138 |  | 2,721,877 |  |

| Cost or valuation at 30 April 2025 is represented by:

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2025 | 2,396,487 |  | 371,228 |  | 151,783 |  | 82,456 |  | 3,001,954 |  |

| THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

4. | TANGIBLE FIXED ASSETS - continued

| If freehold property had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,182,119 |  | 1,182,119 |  |

| Aggregate depreciation | 84,000 |  | 84,000 |  |

| Value of land in freehold land and buildings | 1,098,119 |  | 1,098,119 |  |

| Freehold property was valued on an open market basis on 10 October 2022 by Cluttons .

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 220,189 |  |

| NET BOOK VALUE

| At 30 April 2025 | 220,189 |  |

| At 30 April 2024 | 220,189 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,350 |  | 1,350 |  |

| Newberry Properties Limited | 153 |  | - |  |

| Baxter Homes Limited | 1,130,657 |  | - |  |

| Baxter Construction Limited | 539,785 |  | 409,004 |  |

| Newberry Homes Loan account | 1,130,296 |  | 712,455 |  |

| VAT | - |  | 18,985 |  |

| Prepayments | 8,638 |  | 5,688 |  |

2,810,879 |  | 1,147,482 |  |

| THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 4,124,500 |  | 1,402,971 |  |

| Hire purchase contracts | 87,607 |  | 71,853 |  |

| Trade creditors | 22,453 |  | 59,773 |  |

| Tax | 23,280 |  | 17,103 |  |

| Social security and other taxes | 20,334 |  | 283,319 |  |

| VAT | 1,109 |  | - |  |

| Baxter Estates Limited | 3,159 |  | 3,494 |  |

| Baxter Homes (Tithebarn) Ltd | 100 |  | 100 |  |

| Baxter Homes Limited | - |  | 271,182 |  |

| Directors' current accounts | 1,124,341 |  | 1,207,944 |  |

| Accrued expenses | 2,500 |  | 2,500 |  |

5,409,383 |  | 3,320,239 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 117,380 |  | 226,550 |  |

| Other creditors | 32,911 |  | 25,557 |  |

150,291 |  | 252,107 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 4,124,500 |  | - |  |

| The bank loan and overdraft included in creditors are secured by fixed and floating charges over the assets of the company.

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1 May 2024

| and 30 April 2025 | 1,298,368 |  |

| THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

11. | RELATED PARTY DISCLOSURES

| The company is the parent undertaking of Baxter Construction Limited, Baxter Homes Limited, Baxter Estates Limited, Baxter Homes (Tithebarn) Limited, Baxter Aggregates Limited and Lancashire Aggregates Limited.

| The Baxter Family Trust owns 90% of the share capital and is the ultimate controlling party.

| Mr I D Baxter holds a loan account with the company, it remained in credit throughout the year.

| At 30 April 2025, the company was owed £1,130,296 from Baxter Homes Limited (2024 £271,182 was owed to Baxter Homes Limited).

| At 30 April 2025 the company owed £3,159 (2024 - £3,494) to Baxter Estates Limited.

| At 30 April 2025, the company was owed £539,785 (2024 - £409,004) from Baxter Construction Limited.

| At 30 April 2025, the company owed £100 to Baxter Homes (TIthebarn) Limited.