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Company Registration No. 03841691 (England and Wales)
David Baxter Holdings Limited Unaudited accounts for the year ended 31 August 2025
David Baxter Holdings Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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David Baxter Holdings Limited Company Information for the year ended 31 August 2025
Directors
David Baxter Madeleine Bacon
Secretary
Madeleine Bacon
Company Number
03841691 (England and Wales)
Registered Office
FIRST FLOOR 39 HIGH STREET BILLERICAY ESSEX CM12 9BA UNITED KINGDOM
Accountants
LTG Accountants Limited 39A High Street Billericay Essex CM12 9BA
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David Baxter Holdings Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,965
2,218
Investment property
5
1,535,000
1,600,000
1,536,965
1,602,218
Current assets
Debtors
6
2,055
(13,652)
Cash at bank and in hand
57,480
92,903
59,535
79,251
Creditors: amounts falling due within one year
7
(213,795)
(288,363)
Net current liabilities
(154,260)
(209,112)
Total assets less current liabilities
1,382,705
1,393,106
Creditors: amounts falling due after more than one year
8
(36,000)
(36,000)
Provisions for liabilities
Deferred tax
9
(106,142)
(144,379)
Net assets
1,240,563
1,212,727
Capital and reserves
Called up share capital
268
268
Share premium
142,131
142,131
Profit and loss account
1,098,164
1,070,328
Shareholders' funds
1,240,563
1,212,727
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by
David Baxter Director Company Registration No. 03841691
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David Baxter Holdings Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
David Baxter Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 03841691. The registered office is FIRST FLOOR, 39 HIGH STREET, BILLERICAY, ESSEX, CM12 9BA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Computer equipment
25% Straight Line Method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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David Baxter Holdings Limited Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
5,305
-
5,305
Additions
-
402
402
At 31 August 2025
5,305
402
5,707
Depreciation
At 1 September 2024
3,087
-
3,087
Charge for the year
554
101
655
At 31 August 2025
3,641
101
3,742
Net book value
At 31 August 2025
1,664
301
1,965
At 31 August 2024
2,218
-
2,218
5
Investment property
2025
£
Fair value at 1 September 2024
1,600,000
Net loss from fair value adjustments
(65,000)
At 31 August 2025
1,535,000
Investment property comprises two freehold properties transferred from Morewoods (Billericay) Limited on 19 August 2021 at a net book value of £1,716,250. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 August 2025 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
285
(16,000)
Accrued income and prepayments
1,770
2,348
2,055
(13,652)
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,566
7,396
Trade creditors
668
318
Taxes and social security
(150)
124
Loans from directors
211,711
274,159
Accruals
-
6,366
213,795
288,363
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David Baxter Holdings Limited Notes to the Accounts for the year ended 31 August 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
36,000
36,000
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
144,316
158,691
Revaluation of investment property
(16,250)
(29,063)
Tax losses carried forward
(21,924)
14,751
106,142
144,379
2025
2024
£
£
Provision at start of year
144,379
158,135
Credited to the profit and loss account
(38,237)
(13,756)
Provision at end of year
106,142
144,379
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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