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REGISTERED NUMBER: 04641963 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2022

for

Fox Linton Limited

Fox Linton Limited (Registered number: 04641963)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fox Linton Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Ms F Mcphee
M W Benhar
P B Booth
P Buranastidporn
Ms S L A Paterson





REGISTERED OFFICE: Unit 8-8a Platt Industrial Estate
Maidstone Road
Borough Green
Sevenoaks
Kent
TN15 8JA





REGISTERED NUMBER: 04641963 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Fox Linton Limited (Registered number: 04641963)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,424 16,267
Tangible assets 5 1,882 1,885
14,306 18,152

CURRENT ASSETS
Debtors 6 91,319 134,403
Cash at bank 105,958 76,095
197,277 210,498
CREDITORS
Amounts falling due within one year 7 2,842,086 2,690,731
NET CURRENT LIABILITIES (2,644,809 ) (2,480,233 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,630,503

)

(2,462,081

)

CAPITAL AND RESERVES
Called up share capital 8 2,443,403 2,443,403
Retained earnings (5,073,906 ) (4,905,484 )
SHAREHOLDERS' FUNDS (2,630,503 ) (2,462,081 )

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 Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





M W Benhar - Director


Fox Linton Limited (Registered number: 04641963)

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

1. STATUTORY INFORMATION

Fox Linton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going Concern

The major part of the company's working capital requirements are provided from an intercompany balance
owed to The Thai Silk Company Ltd which they are not seeking repayment for. The Thai Silk Company Ltd has indicated that they will support the company for the foreseeable future. The directors, having considered the above, continue to adopt the going concern basis in preparing the financial statements which assumes
that the company will continue in operation for the foreseeable future.

Revenue
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its
performance. Revenue is measured at the fair value of the consideration received, excluding VAT. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have
passed to the customer, usually on the dispatch of goods.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairments losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following basis:

Domain Name 10 % on cost

Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or
valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:

Leasehold improvements Over the life of the lease
Fixtures and fittings 20%-30% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

Fox Linton Limited (Registered number: 04641963)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company
becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from fellow group companies 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the
discretion of the company.

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.

Fox Linton Limited (Registered number: 04641963)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated
in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses
arising on translation are included in the income statement for the period.

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs
are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are
received.

Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022
and 31 December 2022 38,429
AMORTISATION
At 1 January 2022 22,162
Charge for year 3,843
At 31 December 2022 26,005
NET BOOK VALUE
At 31 December 2022 12,424
At 31 December 2021 16,267

Fox Linton Limited (Registered number: 04641963)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2022 515,293 35,052 550,345
Additions - 3,837 3,837
At 31 December 2022 515,293 38,889 554,182
DEPRECIATION
At 1 January 2022 513,408 35,052 548,460
Charge for year 1,885 1,955 3,840
At 31 December 2022 515,293 37,007 552,300
NET BOOK VALUE
At 31 December 2022 - 1,882 1,882
At 31 December 2021 1,885 - 1,885

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 42,570 38,048
Amounts owed by group undertakings 42,247 89,935
Other debtors 6,502 6,420
91,319 134,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 248,838 194,221
Amounts owed to group undertakings 2,550,600 2,477,755
Taxation and social security 21,645 13,613
Other creditors 21,003 5,142
2,842,086 2,690,731

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2,443,403 Ordinary £1 2,443,403 2,443,403

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


The opinion of the auditor is unmodified, given the large negative reserves it is deemed appropriate to draw attention to Note 2 in the financial statement and the details noted under Going Concern.

James Sewell BA(Hons) FCA CTA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

Fox Linton Limited (Registered number: 04641963)

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

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. CONTROLLING PARTY

The controlling party of the company is The Thai Silk Co Limited, a company registered in Thailand.