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Company Registration No. 08887603 (England and Wales)
Baxdet Limited Unaudited accounts for the year ended 28 February 2025
Baxdet Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Baxdet Limited Company Information for the year ended 28 February 2025
Directors
M Guerrieri MG Investments London Limited
Company Number
08887603 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Baxdet Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
1,054,245
1,054,245
Current assets
Debtors
5
299,949
270,854
Cash at bank and in hand
3,782
21,225
303,731
292,079
Creditors: amounts falling due within one year
6
(9,436)
(11,309)
Net current assets
294,295
280,770
Net assets
1,348,540
1,335,015
Capital and reserves
Called up share capital
50
50
Share premium
1,269,100
1,269,100
Profit and loss account
79,390
65,865
Shareholders' funds
1,348,540
1,335,015
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2026 and were signed on its behalf by
M Guerrieri Director Company Registration No. 08887603
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Baxdet Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Baxdet Limited is a private company, limited by shares, registered in England and Wales, registration number 08887603. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investment property
2025
£
Fair value at 1 March 2024
1,054,245
At 28 February 2025
1,054,245
The investment properties were valued by the director on an open market for existing use basis.
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
299,949
268,248
Other debtors
-
2,606
299,949
270,854
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Baxdet Limited Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
-
3,576
Taxes and social security
3,601
458
Other creditors
4,395
4,395
Accruals
1,440
2,880
9,436
11,309
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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