| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| Paxton Investments Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| Paxton Investments Limited |
| Paxton Investments Limited (Registered number: 05785597) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Paxton Investments Limited |
| Company Information |
| for the Year Ended 31 December 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditors |
| Chartered Accountants & Business Advisers |
| 15 Newland |
| Lincoln |
| Lincolnshire |
| LN1 1XG |
| Paxton Investments Limited (Registered number: 05785597) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Paxton Investments Limited (Registered number: 05785597) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | STATUTORY INFORMATION |
| Paxton Investments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At 31 December 2025, the company's net current liabilities exceeded net current assets by £350,871 (2024: |
| £386,595) |
| Melbourne Holdings Limited, the parent company, has confirmed its intention to provide support to the company for at least one year from the date these financial statements are approved. On this basis the directors believe that there is no uncertainty over the company's ability to continue trading and accordingly believe it is appropriate to prepare the financial statements on a going concern basis. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
| Paxton Investments Limited (Registered number: 05785597) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2025 |
| and 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| The investment property was valued by Wood Moore & Co on 26 June 2025. The fair value at 31 December 2025 was assessed to be £2,400,000 (2024: £2,400,000). |
| Following a review of market conditions and future rental prospects, management has concluded that the property's value is not expected to recover in the foreseeable future. |
| Fair value at 31 December 2025 is represented by: |
| £ |
| Valuation in 2024 | (2,986,776 | ) |
| Cost | 5,386,776 |
| 2,400,000 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| Paxton Investments Limited (Registered number: 05785597) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company entered into the following transactions with related parties: |
| Interest charged | 2025 | 2024 |
| £ | £ |
| Entities with control, joint control or significant influence over the company | 51,997 | 52,136 |
| Other related parties | 51,997 | 52,136 |
| The following amounts were outstanding at the reporting date: |
| Amounts due to related parties | 2025 | 2024 |
| £ | £ |
| Entities with control, joint control or significant influence over the company | 2,551,997 | 2,551,997 |
| Other related parties | 1,681,997 | 1,681,997 |
| The following amounts were outstanding at the reporting date |
| Amounts due from related parties | 2025 | 2024 |
| £ | £ |
| Entities with control, joint control or significant influence over the company | 100 | 100 |
| During the year the company entered into the following transactions with related parties: |
| Sales | Purchases |
| 2025 | 2024 | 2025 | 2024 |
| £ | £ | £ | £ |
| Entities with control, joint control or significant |
| influence over the company | - | - | 6,834 | 7,181 |
| Other Related Parties | - | - | - | - |
| 10. | PARENT COMPANY |
| The company was under the control of J Priestley and M Robinson throughout the current and previous year. J Priestley and M Robinson are the ultimate controlling parties of the companies who own 100% of the share capital of Paxton investments Limited. |