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REGISTERED NUMBER: 02912369















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Foxbury Farm (Oxon) Limited

Foxbury Farm (Oxon) Limited (Registered number: 02912369)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Foxbury Farm (Oxon) Limited (Registered number: 02912369)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,871,248 1,865,738
Investments 5 325 325
1,871,573 1,866,063

CURRENT ASSETS
Stocks 197,766 149,992
Debtors 6 1,055 8,250
Cash at bank 351 10,039
199,172 168,281
CREDITORS
Amounts falling due within one year 7 (235,154 ) (218,546 )
NET CURRENT LIABILITIES (35,982 ) (50,265 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,835,591

1,815,798

CREDITORS
Amounts falling due after more than one
year

8

(757,179

)

(752,646

)
NET ASSETS 1,078,412 1,063,152

CAPITAL AND RESERVES
Called up share capital 2,375 2,375
Share premium 184,906 184,906
Retained earnings 891,131 875,871
SHAREHOLDERS' FUNDS 1,078,412 1,063,152

Foxbury Farm (Oxon) Limited (Registered number: 02912369)

Balance Sheet - continued
31 March 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 July 2022 and were signed by:





Colin Stuart Dawes - Director


Foxbury Farm (Oxon) Limited (Registered number: 02912369)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Foxbury Farm (Oxon) Limited is a private company, limited by shares, domiciled in Scotland, registration number 02912369. The registered office is Union House, 111 New Union Street, Coventry, Warwickshire, CV1 2NT.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the Profit and Loss Account represents amounts receivable during the year in relation to trading as a farm, excluding Value Added Tax. Income is recognised at the point the goods or services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

No depreciation is provided in relation to land, as it is maintained in a good state of repair and is increasing in value.

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental cost of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible assets are depreciated to nil value.

Stocks
Stock is valued at the lower of cost and net realisable value.

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.

Foxbury Farm (Oxon) Limited (Registered number: 02912369)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the trading, profit and loss account on a straight line basis.

Investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021 1,882,468 216,469 2,098,937
Additions - 33,473 33,473
Disposals - (22,600 ) (22,600 )
At 31 March 2022 1,882,468 227,342 2,109,810
DEPRECIATION
At 1 April 2021 65,287 167,912 233,199
Charge for year 8,174 15,982 24,156
Eliminated on disposal - (18,793 ) (18,793 )
At 31 March 2022 73,461 165,101 238,562
NET BOOK VALUE
At 31 March 2022 1,809,007 62,241 1,871,248
At 31 March 2021 1,817,181 48,557 1,865,738

Included in cost of land and buildings is freehold land of £ 1,473,730 (2021 - £ 1,473,730 ) which is not depreciated.

Foxbury Farm (Oxon) Limited (Registered number: 02912369)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2021 10,900
Additions 27,898
At 31 March 2022 38,798
DEPRECIATION
At 1 April 2021 2,180
Charge for year 7,205
At 31 March 2022 9,385
NET BOOK VALUE
At 31 March 2022 29,413
At 31 March 2021 8,720

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2021
and 31 March 2022 325
NET BOOK VALUE
At 31 March 2022 325
At 31 March 2021 325

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 517 1,293
Other debtors 538 6,957
1,055 8,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 12,930 14,821
Hire purchase contracts 9,103 3,441
Trade creditors 12,902 12,587
Other creditors 200,219 187,697
235,154 218,546

Foxbury Farm (Oxon) Limited (Registered number: 02912369)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 745,228 748,800
Hire purchase contracts 11,951 3,846
757,179 752,646

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 730,800 730,800

Repayable by instalments
Bank loans more 5 yr by instal - 2,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Hire purchase contracts 21,054 7,287
Bank loan 730,800 730,800
751,854 738,087

Balances due on hire purchase agreements are secured on the assets to which they relate.The bank loan of £730,800 is secured over the farm.

10. RELATED PARTY DISCLOSURES

Other loans of £197,597 (2021- £185,452) are owed to family of the director. No interest is charged on these loans and these are repayable on demand.