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REGISTERED NUMBER: 01908107 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR


FOXHILL HOUSE INVESTMENTS LIMITED


FOXHILL HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 01908107)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023











Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4



Chartered Certified Accountants' Report  

8



FOXHILL HOUSE INVESTMENTS LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2023









DIRECTOR:

G L Ellis







SECRETARY:

Mrs H S Ellis







REGISTERED OFFICE:

Cotleigh


Roedowns Road


Medstead


Alton


Hampshire


GU34 5LG







REGISTERED NUMBER:

01908107 (England and Wales)







ACCOUNTANTS:

Wettone Matthews Limited


Chartered Certified Accountants


Market House


21 Lenten Street


Alton


GU34 1HG


FOXHILL HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 01908107)


BALANCE SHEET

31 OCTOBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

43


84



Investment property

5

900,000


895,000



900,043


895,084




CURRENT ASSETS

Debtors

6

346,002


351,275



Cash at bank

89,204


89,242



435,206


440,517



CREDITORS

Amounts falling due within one year

7

5,589


14,588



NET CURRENT ASSETS

429,617


425,929



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,329,660


1,321,013




PROVISIONS FOR LIABILITIES

8

69,294


68,344



NET ASSETS

1,260,366


1,252,669




CAPITAL AND RESERVES

Called up share capital

9

100


100



Fair value reserve

10

295,411


291,361



Retained earnings

10

964,855


961,208



SHAREHOLDERS' FUNDS

1,260,366


1,252,669




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


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


FOXHILL HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 01908107)


BALANCE SHEET - continued

31 OCTOBER 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 Income Statement has not been delivered.


The financial statements were approved by the director and authorised for issue on 3 April 2024 and were signed by:






G L Ellis - Director



FOXHILL HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 01908107)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023



1.

STATUTORY INFORMATION



Foxhill House Investments 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 as modified by the revaluation of certain assets.    



Turnover


Turnover represents the fair value of rental income receivable and consultancy fees, excluding value added tax.



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 etc

-

33% on cost



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.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.


FOXHILL HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 01908107)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2023



3.

EMPLOYEES AND DIRECTORS



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


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 November 2022

3,324




Disposals

(809

)



At 31 October 2023

2,515




DEPRECIATION


At 1 November 2022

3,240




Charge for year

41




Eliminated on disposal

(809

)



At 31 October 2023

2,472




NET BOOK VALUE


At 31 October 2023

43




At 31 October 2022

84




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 November 2022

895,000




Revaluations

5,000




At 31 October 2023

900,000




NET BOOK VALUE


At 31 October 2023

900,000




At 31 October 2022

895,000




FOXHILL HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 01908107)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2023



5.

INVESTMENT PROPERTY - continued



Fair value at 31 October 2023 is represented by:

£   



Valuation in 2016

26,157




Valuation in 2017

118,548




Valuation in 2018

50,000




Valuation in 2019

75,000




Valuation in 2020

49,000




Valuation in 2021

21,000




Valuation in 2022

20,000




Valuation in 2023

5,000




Cost

535,295



900,000





If investment properties had not been revalued they would have been included at the following historical cost:


2023

2022


£   

£   



Cost

535,295


535,295




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Other debtors

346,002


351,275




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade creditors

3,140


3,140




Taxation and social security

865


9,948




Other creditors

1,584


1,500



5,589


14,588




8.

PROVISIONS FOR LIABILITIES

2023

2022


£   

£   



Deferred tax

69,294


68,344





Deferred



tax


£   



Balance at 1 November 2022

68,344




Provided during year

950




Balance at 31 October 2023

69,294




FOXHILL HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 01908107)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2023



9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



100

Ordinary

1

100


100




10.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 November 2022

961,208


291,361


1,252,569




Profit for the year

7,697


7,697




Reclassification

(4,050

)

4,050


-




At 31 October 2023

964,855


295,411


1,260,266




CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

FOXHILL HOUSE INVESTMENTS LIMITED



The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Foxhill House Investments Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.  


This report is made solely to the director of Foxhill House Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Foxhill House Investments Limited and state those matters that we have agreed to state to the director of Foxhill House Investments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.      


It is your duty to ensure that Foxhill House Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Foxhill House Investments Limited. You consider that Foxhill House Investments Limited is exempt from the statutory audit requirement for the year.    


We have not been instructed to carry out an audit or a review of the financial statements of Foxhill House Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.  







Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG



3 April 2024