NIXONS (PROPERTIES) LIMITED


Directors	NIXON, Barbara Elizabeth
	NIXON, Peter John


Company Secretary	NIXON, Peter John


Registered Address	Nixons Of Maryport
	Curzon Street
	Maryport
	CA15 6LW


Registered Number	03066522 (England and Wales)

Statement of Financial Position
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		530,183		530,183
			530,183		530,183
Current assets
Debtors		500		592
Cash at bank and on hand		1,496		752
		1,996		1,344
Creditors amounts falling due within one year	4	(114,476)		(134,310)
Net current assets (liabilities)			(112,480)		(132,966)
Total assets less current liabilities			417,703		397,217
Creditors amounts falling due after one year	5		(14,402)		(12,738)
Provisions for liabilities	6		(45,144)		(45,144)
Net assets			358,157		339,335
Capital and reserves
Called up share capital			1,000		1,000
Revaluation reserve			281,654		281,654
Profit and loss account			75,503		56,681
Shareholders' funds	8		358,157		339,335

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 April 2026, and are signed on its behalf by:

NIXON, Barbara Elizabeth
Director

NIXON, Peter John
Director

Registered Company No. 03066522

NIXONS (PROPERTIES) LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is recognised as rents receivable.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. Changes in fair value are recognised in profit or loss.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Investment property
	Investment property is carried at a fair value of £530,183 determined on the basis of a valuation carried out on 31 January 2023 by the directors who are internal to the company. Any revaluations have no effect on tax payable in the year. It has not been valued by an independent valuer.


		£
	Fair value at 01 February 25	530,183
	At 31 January 26	530,183

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	17,714	17,715
Amounts owed to related parties	62,592	72,592
Taxation and social security	4,415	3,071
Other creditors	26,681	36,983
Accrued liabilities and deferred income	3,074	3,949
Total	114,476	134,310

5.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	14,402	12,738
Total	14,402	12,738

6.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is in respect of accelerated capital allowances.

	2026	2025
	£	£
Net deferred tax liability (asset)	45,144	45,144
Total	45,144	45,144

7.	Share capital
	Share capital issued and fully paid: 1,000 Ordinary shares

8.	Revaluation reserve


		£
	Reserve at 01 February 25	281,654
	At 31 January 26	281,654