Registration number: 00861841

Cox Developments (Ipswich) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

Cox Developments (Ipswich) Limited

(Registration number: 00861841)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,714	5,136
Investment property	5	644,640	644,640
		660,354	649,776
Current assets
Debtors	6	366,003	250,099
Cash at bank and in hand		17,250	10,441
		383,253	260,540
Creditors: Amounts falling due within one year	7	(11,557)	(51,181)
Net current assets		371,696	209,359
Total assets less current liabilities		1,032,050	859,135
Creditors: Amounts falling due after more than one year	7	(168,716)	-
Provisions for liabilities (deferred taxation)		(59,429)	(57,409)
Net assets		803,905	801,726
Capital and reserves
Called up share capital		3,200	3,200
Investment property fair value reserve		343,322	343,322
Profit and loss account		457,383	455,204
Total equity		803,905	801,726

Cox Developments (Ipswich) Limited

(Registration number: 00861841)
Balance Sheet as at 31 August 2025

For the financial year ending 31 August 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.

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 29 June 2026 and signed on its behalf by:
 

......................................... Mr M L Cox Director

Cox Developments (Ipswich) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

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

The address of its registered office is:
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT
United Kingdom

The principal place of business is:
1 Hope House
160 Foxhall Road
Ipswich
Suffolk
IP3 8HW
United Kingdom

These financial statements were authorised for issue by the Board on 29 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 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 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.

The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents the proceeds received from the sale of development properties during the course of the year and is recognised based on the legal completion date for the sale of the property.

Other operating income includes the rent receivable from the letting by the company of its development properties. Rental income is recognised in the financial statements on the basis of that receivable in the accounting period.

Cox Developments (Ipswich) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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 as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance basis
Motor vehicles	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss under an investment property fair value reserve.

Any associated deferred tax movement is also recognised in this investment property fair value reserve.

The investment property fair value reserve forms part of the general revenue reserve but any surpluses shown here are not distributable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Cox Developments (Ipswich) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the agreement and represent a constant proportion of the balance of capital repayments outstanding.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Cox Developments (Ipswich) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3	Staff numbers

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

Cox Developments (Ipswich) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost
At 1 September 2024	5,487	50,249	55,736
Additions	-	15,598	15,598
Disposals	-	(30,000)	(30,000)
At 31 August 2025	5,487	35,847	41,334
Depreciation
At 1 September 2024	3,864	46,736	50,600
Charge for the year	243	2,187	2,430
Eliminated on disposal	-	(27,410)	(27,410)
At 31 August 2025	4,107	21,513	25,620
Carrying amount
At 31 August 2025	1,380	14,334	15,714
At 31 August 2024	1,623	3,513	5,136

5	Investment properties

	2025 £
At 1 September	644,640
At 31 August	644,640

The investment properties were valued at the 31st August 2025 by the directors and therefore the valuation is an internal one. The basis of the valuation was on an open market basis. The investment properties have a current value of £644,640 (2024 £644,640) and a carrying amount at historical cost of £244,889 (2024 £244,889).

There has been no valuation of investment property by an independent valuer.

Cox Developments (Ipswich) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6

Debtors

	2025 £	2024 £
Prepayments	1,635	1,238
Other debtors	364,368	248,861
	366,003	250,099

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	1,540	-
Taxation and social security		290	265
Accruals		3,535	3,586
Other creditors		6,192	47,330
		11,557	51,181

Creditors include net obligations under hire purchase contracts which are secured of £1,540 (2024 - £nil).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	168,716	-

Creditors include bank loans and net obligations under hire purchase contracts which are secured of £168,716 (2024 - £nil).

Cox Developments (Ipswich) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8

Reserves

The profit and loss reserves of the company have been sub divided into the profit and loss reserve, which is fully distributable, and the component of the reserves relating to the investment property fair values which is not distributable.

The investment property fair value reserve at 31 August 2025 is made up as follows:

Valuation of investment properties at 31 August 2025	£644,640
Deferred tax provision on value	£(56,429)
Original cost of properties	£(244,889)
Investment property fair value reserve at 31 August 2025	£343,322

Cox Developments (Ipswich) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	163,200	-
HP and finance lease liability 1 (1-2 yrs)	5,516	-
	168,716	-

Current loans and borrowings

	2025 £	2024 £
HP and finance lease liability 1 (under 1yr)	1,540	-

10	Related party transactions

Other transactions with directors

Included in debtors at 31st August 2025 is a loan amount of £364,364 (2024 £242,999) which is owed to the company by Jay C Homes Limited. Jay C Homes Limited was a former subsidiary company of Cox Developments (Ipswich) Limited and ceased as a subsidiary company on the 1st September 2003. This is a property development company registered in England and is a company in which M Cox and J Cox are also directors and sole shareholders.

The above loan is interest free and is repayable on demand.

At the 31st August 2025 creditors includes the sum of £306 (2024 £37,133) owed by the the company to the directors in respect of monies injected in to the company by them in previous years. The directors do not charge interest on this loan and the loan is repayable on demand.