REGISTERED NUMBER: 10808066 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Bexon Estates Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M T Reach

SECRETARY:

M T Reach

REGISTERED OFFICE:

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

REGISTERED NUMBER:

10808066 (England and Wales)

ACCOUNTANTS:

Knights Lowe Ltd

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Investment property

4

340,000

340,000

CURRENT ASSETS

Debtors

5

22,304

9,107

Cash at bank

191

126

22,495

9,233

CREDITORS

Amounts falling due within one year

6

145,848

143,779

NET CURRENT LIABILITIES

(123,353

)

(134,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

216,647

205,454

CREDITORS

Amounts falling due after more than one year

7

(172,460

)

(172,460

)

PROVISIONS FOR LIABILITIES

9

(6,367

)

(5,713

)

NET ASSETS

37,820

27,281

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

29,828

29,828

Retained earnings

7,892

(2,647

)

SHAREHOLDERS' FUNDS

37,820

27,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 22 June 2026 and were signed by:

M T Reach - Director

1.	STATUTORY INFORMATION

Bexon Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the value of rental income receivable for the accounting period.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

340,000

NET BOOK VALUE

At 30 June 2025

340,000

At 30 June 2024

340,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2020

19,270

Valuation in 2021

5,494

Valuation in 2022

8,750

Cost

306,486

340,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

22,304

9,107

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,308

1,260

Taxation and social security

1,817

-

Other creditors

142,723

142,519

145,848

143,779

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

172,460

172,460

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage more than 5 years by instalments

172,460

172,460

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

172,460

172,460

There are fixed charges over the investment properties to which the mortgages relate. The director has also given personal guarantees in respect of these mortgages.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Investment property gains

6,367

6,367

Unrelieved rental losses

-

(654

)

6,367

5,713

Deferred

tax

£

Balance at 1 July 2024

5,713

Charge to Income Statement during year

654

Balance at 30 June 2025

6,367

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Fair

value

reserve

£

At 1 July 2024

and 30 June 2025

29,828

12.	RELATED PARTY DISCLOSURES

At the statement of financial position date £132,106 (2024 - £132,106) was owed to a company in which the director is also a director and shareholder.

At the statement of financial position date £22,254 (2024 - £9,107) was owed from a further company in which the director is also a director and shareholder. During the year management fees of £5,833 (2024 - £4,518) were paid to this related company.