W & R Buxton Holdings Limited Filleted accounts for Companies House (small only)

COMPANY REGISTRATION NUMBER: 04803992

W & R Buxton Holdings Limited

Filleted Unaudited Financial Statements

31 July 2025

W & R Buxton Holdings Limited

Consolidated Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	41,655,822	41,540,151

Current assets

Debtors	8	1,280,550	1,174,093
Cash at bank and in hand		2,270,043	3,016,775
		------------	------------
		3,550,593	4,190,868

Creditors: amounts falling due within one year	9	2,551,185	4,928,987
		------------	------------
Net current assets/(liabilities)		999,408	( 738,119)
		-------------	-------------
Total assets less current liabilities		42,655,230	40,802,032

Creditors: amounts falling due after more than one year	10	13,679,590	12,372,855

Provisions	11	2,719,124	2,677,964
		-------------	-------------
Net assets		26,256,516	25,751,213
		-------------	-------------

Capital and reserves

Called up share capital	332,000	332,000
Capital redemption reserve	529,892	529,892
Profit and loss account	25,394,624	24,889,321
	-------------	-------------
Shareholders funds	26,256,516	25,751,213
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the consolidated income statement has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

W & R Buxton Holdings Limited

Consolidated Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 12 February 2026 , and are signed on behalf of the board by:

Mr S W Buxton

Director

Company registration number: 04803992

W & R Buxton Holdings Limited

Company Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	571,528	571,184
Investments	7	432,900	408,221
		------------	---------
		1,004,428	979,405

Current assets

Debtors	8	14,647,837	14,354,334
Cash at bank and in hand		1,900,044	2,704,916
		-------------	-------------
		16,547,881	17,059,250

Creditors: amounts falling due within one year	9	2,738,349	4,788,145
		-------------	-------------
Net current assets		13,809,532	12,271,105
		-------------	-------------
Total assets less current liabilities		14,813,960	13,250,510

Creditors: amounts falling due after more than one year	10	12,010,500	12,372,855

Provisions	11	1,857	1,527
		-------------	-------------
Net assets		2,801,603	876,128
		-------------	-------------

Capital and reserves

Called up share capital	332,000	332,000
Capital redemption reserve	290,000	290,000
Profit and loss account	2,179,603	254,128
	------------	---------
Shareholders funds	2,801,603	876,128
	------------	---------

The profit for the financial year of the parent company was £ 1,925,475 (2024: £ 3,093,857 ).

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

W & R Buxton Holdings Limited

Company Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 12 February 2026 , and are signed on behalf of the board by:

Mr S W Buxton

Director

Company registration number: 04803992

W & R Buxton Holdings Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Gleneagles Court, Brighton Road, Crawley, West Sussex, RH10 6AD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The directors have prepared budgets and cash flow forecasts covering the period to 31 July 2026 and these indicate that the related companies are able to provide the financial support set out above. Consequently, the directors are of the opinion that the group remains a going concern and it is appropriate for these financial statements to be prepared on this basis.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of W & R Buxton Holdings Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods .

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental charges to external customers, stated net of discounts and of Value Added Tax. Rental charges invoiced in advance are treated as deferred income. Management charges are recognised at the point the associated services are provided.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	20% reducing balance
Equipment	-	15% - 30% on cost or reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation.

Financial instruments

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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2024: 15 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	126,736	85,935

Deferred tax:

Origination and reversal of timing differences	41,160	( 85,853)
	---------	--------
Tax on profit	167,896	82
	---------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	673,199	422,954
	---------	---------
Profit on ordinary activities by rate of tax	168,303	105,738
Effect of expenses not deductible for tax purposes	( 1,029)	679,205
Effect of capital allowances and depreciation	( 33,878)	10,209
Effect of revenue exempt from tax	( 6,170)	151,637
Effect of different UK tax rates on some earnings	(491)	–
Utilisation of tax losses	1	( 860,854)
Other timing differences	41,160	( 85,853)
	---------	---------
Tax on profit	167,896	82
	---------	---------

6. Tangible assets

Group	Freehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	41,202,353	1,225,120	21,060	17,007	42,465,540
Additions	5,177	242,434	–	2,023	249,634
Disposals	( 25,453)	–	–	–	( 25,453)
	-------------	------------	--------	--------	-------------
At 31 July 2025	41,182,077	1,467,554	21,060	19,030	42,689,721
	-------------	------------	--------	--------	-------------
Depreciation
At 1 August 2024	–	889,806	19,906	15,677	925,389
Charge for the year	–	105,834	1,154	1,522	108,510
	-------------	------------	--------	--------	-------------
At 31 July 2025	–	995,640	21,060	17,199	1,033,899
	-------------	------------	--------	--------	-------------
Carrying amount
At 31 July 2025	41,182,077	471,914	–	1,831	41,655,822
	-------------	------------	--------	--------	-------------
At 31 July 2024	41,202,353	335,314	1,154	1,330	41,540,151
	-------------	------------	--------	--------	-------------

Company	Freehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	564,100	24,059	21,060	8,840	618,059
Additions	–	1,689	–	1,572	3,261
	-------------	--------	--------	--------	---------
At 31 July 2025	564,100	25,748	21,060	10,412	621,320
	-------------	--------	--------	--------	---------
Depreciation
At 1 August 2024	–	18,564	19,906	8,405	46,875
Charge for the year	–	1,080	1,154	683	2,917
	-------------	--------	--------	--------	---------
At 31 July 2025	–	19,644	21,060	9,088	49,792
	-------------	--------	--------	--------	---------
Carrying amount
At 31 July 2025	564,100	6,104	–	1,324	571,528
	-------------	--------	--------	--------	---------
At 31 July 2024	564,100	5,495	1,154	435	571,184
	-------------	--------	--------	--------	---------

Tangible assets held at valuation

The investment property is stated at a revalued amount based on the directors assessment of fair value as at 31 July 2025. No independent valuer was involved in ths assessment. The directors have reviewed both rental yields and local sales data in arriving at this figure. An adjustment in the period has been reflected in the profit and loss account for the increase in value for the year. On a historical cost basis these would have been included at an original cost of £19,953,631 (2024: £19,973,907).

7. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 August 2024	1,237,878
Placed into liquidation	( 2,297)
	------------
At 31 July 2025	1,235,581
	------------
Impairment
At 1 August 2024	829,657
Disposals	( 2,290)
Reversal of impairment losses	( 24,686)
	------------
At 31 July 2025	802,681
	------------

Carrying amount
At 31 July 2025	432,900
	------------
At 31 July 2024	408,221
	------------

In the opinion of the directors, the aggregate value of the company's investment in subsidiary undertakings is not less than the amount included in the balance sheet.

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Buxton Management Company Limited	Ordinary	100
Buxton Properties Limited	Ordinary	100
Buxton Homes (BRRG) Limited	Ordinary	100
Donhill Properties Limited	Ordinary	100
Foxgrey Properties Limited	Ordinary	100
Melglobe Properties Limited	Ordinary	100
Buxton Homes (Naval Row) Limited	Ordinary	100
Buxton Homes (Poplar) Limited	Ordinary	100
Prizehill Properties Limited	Ordinary	100
Ripondean Properties Limited	Ordinary	100
Roxbill Properties Limited	Ordinary	100
Shalerose Properties Limited	Ordinary	100
Buxton Homes (Shoreditch) Limited	Ordinary	100
Skymode Properties Limited	Ordinary	100
Starmill Properties Limited	Ordinary	100
Sunmount Properties Limited	Ordinary	100

On the 29th July 2025, the following 100% subsidiaries were dissolved: Cornleaf Properties Limited Berrylake Properties Limited Moorsley Properties Limited Buxton Homes (Southwark) Limited

8. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	117,867	39,114	13,526	3,644
Amounts owed by group undertakings and undertakings in which the company has a participating interest	528,153	40,214	14,355,588	13,972,412
Other debtors	634,530	1,094,765	278,723	378,278
	------------	------------	-------------	-------------
	1,280,550	1,174,093	14,647,837	14,354,334
	------------	------------	-------------	-------------

9. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	–	1,701,406	–	–
Trade creditors	261,180	237,102	18,603	16,551
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,484,025	1,956,371	2,625,885	4,672,884
Corporation tax	49,064	–	–	–
Social security and other taxes	33,284	34,040	23,784	31,354
Other creditors	723,632	1,000,068	70,077	67,356
	------------	------------	------------	------------
	2,551,185	4,928,987	2,738,349	4,788,145
	------------	------------	------------	------------

10. Creditors: amounts falling due after more than one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	13,679,590	12,010,500	12,010,500	12,010,500
Other creditors	–	362,355	–	362,355
	-------------	-------------	-------------	-------------
	13,679,590	12,372,855	12,010,500	12,372,855
	-------------	-------------	-------------	-------------

The company has 24 years remaining of a 25 year loan facility with Shawbrook Bank Limited totalling £12,010,500. The terms of the loan are that it has a fixed interest for the first 5 years at 6.59% per annum, following which it reverts to the Shawbrook Bank Limited base rate plus 3% per annum. This loan is secured by guarantees against the properties in the various group companies.

11. Provisions

Group	Deferred tax
	£
At 1 August 2024	2,677,964
Additions	41,160
	------------
At 31 July 2025	2,719,124
	------------

Company	Deferred tax
	£
At 1 August 2024	1,527
Additions	330
	-------
At 31 July 2025	1,857
	-------

12. Financial instruments

Bank loans are defined as Basic financial transactions in line with FRS102 disclosures, as such are measured on an amortised costs basis using an effective interest method.

13. Contingencies

During the year, a claim has been made against the group and its subsidiary entities which, in the directors opinion, is unprobable to result in a financial cost to the group. Consequently, no provision has been made for this claim in the financial statements.

14. Related party transactions

Company

Interest was payable for the year on the debt owed to W&R Buxton Homes Limited of £51,310 (2024: £63,808). At the year end, the group owed £1,476,788 (2024: £1,948,173) to W&R Buxton Homes Limited and was owed £480,702 (2024: owed to £6,808) to The W&R Buxton Limited Pension Fund. During the year the group received income from Millmead Management Company Limited of £17,432 (2024: £15,888), £3,600 (2024: £3,600) from Kings Row Management Limited and £1,903 (2024: £2,085) from Sunmount Management Company Limited. At the year end the company was owed £40,214 (2024: £40,214) by Coltstaple Farm, being a business owned by one of the group shareholders. The above companies were all related companies due to common control. The company has taken advantage of the exemption available in accordance with FRS102 not to disclose transactions with W & R Buxton Holdings Limited or other wholly owned subsidiaries within the group on the grounds that the results of these companies are included in the consolidated financial statements.

15. Controlling party

In the opinion of the directors there is no ultimate controlling party.