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Registration number: 14400565

Baxter and Roberts Development Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Baxter and Roberts Development Ltd

Contents

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

Baxter and Roberts Development Ltd

Company Information

Directors | Mr T Baxter Mrs V Baxter Mr D W Roberts Mrs S A Roberts

Registered office | Brynhyfryd Talybont on Usk Brecon Powys LD3 7YP

Bankers | Lloyds Bank Westminster House Swansea Osc, Epona House, Phoenix Way Swansea SA7 9HG

Accountants | W J James & Co Chartered Accountants Bishop House 10 Wheat Street Brecon Powys LD3 7DG

Baxter and Roberts Development Ltd

(Registration number: 14400565)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,373 | 1,615
Current assets |  |  |
Stocks |  | - | 437,864
Debtors | 5 | - | 537
Cash at bank and in hand |  | 444,249 | 4,679
|  | 444,249 | 443,080
Creditors: Amounts falling due within one year | 6 | (47,196) | (31,876)
Net current assets |  | 397,053 | 411,204
Net assets |  | 398,426 | 412,819
Capital and reserves |  |  |
Called up share capital |  | 416,000 | 416,000
Retained earnings |  | (17,574) | (3,181)
Shareholders' funds |  | 398,426 | 412,819

For the financial year ending 31 October 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 8 July 2026 and signed on its behalf by:

......................................... Mr D W Roberts Director
......................................... Mrs S A Roberts Director

Baxter and Roberts Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Brynhyfryd
Talybont on Usk
Brecon
Powys
LD3 7YP

These financial statements were authorised for issue by the Board on 8 July 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 currency in which the financial statements are presented is Sterling and they are rounded to the nearest pound.

Revenue recognition

Turnover comprises the sale of property. Turnover is recognised when the sale is made.

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
Plant and machinery | -15 % reducing balance

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.

Baxter and Roberts Development Ltd

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

Stocks

Work in progress represents the cost of development property. It is made up of cost, direct materials and overheads that have been incurred in bringing the development property to its current condition.

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Baxter and Roberts Development Ltd

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

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 November 2024 | 1,900 | 1,900
At 31 October 2025 | 1,900 | 1,900
Depreciation
At 1 November 2024 | 285 | 285
Charge for the year | 242 | 242
At 31 October 2025 | 527 | 527
Carrying amount
At 31 October 2025 | 1,373 | 1,373
At 31 October 2024 | 1,615 | 1,615

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | - | 537
| - | 537

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 738 | 500
Other creditors | 46,458 | 31,376
| 47,196 | 31,876