Registered number
00280388
Baxters (Properties) Limited
Filleted Accounts
31 October 2025

Baxters (Properties) Limited
Registered number: | 00280388
Balance Sheet
as at 31 October 2025
Notes |  |  | 2025 |  |  | 2024
£ | £ | £ | £
Fixed assets
Investments | 3 |  |  | 1,103,799 |  |  | 1,130,888
Current assets
Debtors | 4 |  | 169,204 |  |  | 15,288
Cash at bank and in hand |  |  | 49,684 |  |  | 22,860
|  |  | 218,888 |  |  | 38,148
Creditors: amounts falling due within one year | 5 |  | (5,225) |  |  | (5,148)
Net current assets |  |  |  | 213,663 |  |  | 33,000
Total assets less current liabilities |  |  |  | 1,317,462 |  |  | 1,163,888
Provisions for liabilities |  |  |  | (98,500) |  |  | (48,000)
Net assets |  |  |  | 1,218,962 |  |  | 1,115,888
Capital and reserves
Called up share capital | 6 |  |  | 7,850 |  |  | 7,850
Capital reserve |  |  |  | 10,549 |  |  | 10,549
Fair value reserve | 7 |  |  | 296,012 |  |  | 206,973
Profit and loss account |  |  |  | 904,551 |  |  | 890,516
Shareholders' funds |  |  |  | 1,218,962 |  |  | 1,115,888
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A P Baxter
Director
Approved by the board on 13 June 2026

Baxters (Properties) Limited
Notes to the Accounts
for the year ended 31 October 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| 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.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Investments
Other
investments | Total
£ | £
| Fair valuation
| At 1 November 2024 | 1,130,887 |  | 1,130,887
| Fair value adjustments | 139,539 |  | 139,539
| Disposals | (166,627) |  | (166,627)
| At 31 October 2025 | 1,103,799 |  | 1,103,799
| Historical cost
| At 1 November 2024 | 878,068 |  | 878,068
| At 31 October 2025 | 748,068 |  | 748,068
| Listed investments have been stated at fair value as per the portfolio valuation carried out at the year end by EFG Harris Allday. Market values for quoted securities are calculated using the latest available prices as at the reporting date and stated using the mid market price.
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 169,204 |  | 15,288
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other taxes and social security costs | 65 |  | -
| Other creditors | 260 |  | -
| Accruals and deferred income | 4,900 |  | 5,148
|  |  |  |  |  | 5,225 |  | 5,148
6 | Share capital | 2025 |  | 2024
£ | £
| Allotted, called up and fully paid:
| Ordinary shares | 7,850 |  | 7,850
7 | Fair value reserve
|  |  |  |  |  | 2025 |  | 2024
£ | £
| At 1 November 2024 | 206,973 |  | 111,027
| Gains/(losses) arising from fair value adjustments | 139,539 |  | 117,946
| Deferred taxation arising on fair value adjustments | (50,500) |  | (22,000)
| At 31 October 2025 | 296,012 |  | 206,973
8 | Company information
| Baxters (Properties) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
| Coach & Horses Cottage
| London Road
| Lichfield
| WS14 0PS
| Its registered number is: | 00280388

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