Registration number: 04684864

R W Paxman Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 5

R W Paxman Limited

Company Information

Directors

Ms P O'Toole Mr RW Paxman

Registered office

3 Durham Street Portsmouth Hampshire PO1 1NA

Accountants

Marshall Havard Chartered Certified Accountants1 Portland Buildings Stoke Road Gosport Hampshire PO12 1JH

R W Paxman Limited

(Registration number: 04684864)
Abridged Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets		2,173,190	2,153,059
Current assets
Debtors		1,356,130	495,945
Cash at bank and in hand		665,304	659,083
		2,021,434	1,155,028
Creditors: Amounts falling due within one year		102,855	285,526
Net current assets		2,124,289	1,440,554
Total assets less current liabilities		4,297,479	3,593,613
Accruals and deferred income		(3,493)	(3,713)
Net assets		4,293,986	3,589,900
Capital and reserves
Called up share capital		2	2
Retained earnings		4,293,984	3,589,898
Shareholders' funds		4,293,986	3,589,900

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 June 2026 and signed on its behalf by:
 

R W Paxman Limited

(Registration number: 04684864)
Abridged Balance Sheet as at 30 September 2025 (continued)

......................................... Ms P O'Toole Director

......................................... Mr RW Paxman Director

R W Paxman Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Durham Street
Portsmouth
Hampshire
PO1 1NA

These financial statements were authorised for issue by the Board on 1 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

R W Paxman Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% Reducing Balance Basis
Motor Vehicles	25% Reducing Balance Basis
Computer Equipment	50% Reducing Balance Basis

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Related party transactions

Summary of transactions with other related parties

The company leases vehicles to 486 Limited, a company owned by Mr R W Paxman, the controling shareholder of the company. The amount invoiced in respect of the period was £935,078 for vehicles (2024 £1,299,311). The balance owed to RWP Limited at 30 September 2025 was £236,105 (2024 £525,801).