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REGISTERED NUMBER: 11145274 (England and Wales)












MIDLAND FOX CAPITAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






MIDLAND FOX CAPITAL LTD (REGISTERED NUMBER: 11145274)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


MIDLAND FOX CAPITAL LTD (REGISTERED NUMBER: 11145274)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,889 2,603
Investment property 5 623,640 -
625,529 2,603

CURRENT ASSETS
Stocks - 12,500
Debtors 6 93,340 100,301
Cash at bank and in hand 47,407 21,870
140,747 134,671
CREDITORS
Amounts falling due within one year 7 727,388 128,115
NET CURRENT (LIABILITIES)/ASSETS (586,641 ) 6,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,888

9,159

PROVISIONS FOR LIABILITIES 5 182
NET ASSETS 38,883 8,977

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 38,783 8,877
SHAREHOLDERS' FUNDS 38,883 8,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

MIDLAND FOX CAPITAL LTD (REGISTERED NUMBER: 11145274)

BALANCE SHEET - continued
31 JANUARY 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:





Mr M L Fox - Director


MIDLAND FOX CAPITAL LTD (REGISTERED NUMBER: 11145274)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Midland Fox Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11145274

Registered office: Unit E2
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is valued by the director at the purchase cost during the year.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MIDLAND FOX CAPITAL LTD (REGISTERED NUMBER: 11145274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 4,077
Additions 106
At 31 January 2023 4,183
DEPRECIATION
At 1 February 2022 1,474
Charge for year 820
At 31 January 2023 2,294
NET BOOK VALUE
At 31 January 2023 1,889
At 31 January 2022 2,603

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 623,640
At 31 January 2023 623,640
NET BOOK VALUE
At 31 January 2023 623,640

The investment property is valued at the purchase price paid during the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,700 3,050
Other debtors 91,076 97,251
Prepayments 564 -
93,340 100,301

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 11,123 885
Other creditors 716,265 127,230
727,388 128,115

MIDLAND FOX CAPITAL LTD (REGISTERED NUMBER: 11145274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100