Silverfin false 31/05/2023 01/06/2022 31/05/2023 Mr M Potter 24/05/2021 06 February 2024 The principal activity of the company is that of providing property consultancy services. 13415731 2023-05-31 13415731 bus:Director1 2023-05-31 13415731 2022-05-31 13415731 core:CurrentFinancialInstruments 2023-05-31 13415731 core:CurrentFinancialInstruments 2022-05-31 13415731 core:ShareCapital 2023-05-31 13415731 core:ShareCapital 2022-05-31 13415731 core:RetainedEarningsAccumulatedLosses 2023-05-31 13415731 core:RetainedEarningsAccumulatedLosses 2022-05-31 13415731 core:OtherPropertyPlantEquipment 2022-05-31 13415731 core:OtherPropertyPlantEquipment 2023-05-31 13415731 bus:OrdinaryShareClass1 2023-05-31 13415731 2022-06-01 2023-05-31 13415731 bus:FullAccounts 2022-06-01 2023-05-31 13415731 bus:SmallEntities 2022-06-01 2023-05-31 13415731 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 13415731 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13415731 bus:Director1 2022-06-01 2023-05-31 13415731 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-06-01 2023-05-31 13415731 2021-05-24 2022-05-31 13415731 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 13415731 core:CurrentFinancialInstruments 2022-06-01 2023-05-31 13415731 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 13415731 bus:OrdinaryShareClass1 2021-05-24 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13415731 (England and Wales)

FOXBOURNE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH THE REGISTRAR

FOXBOURNE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2023

Contents

FOXBOURNE INVESTMENTS LIMITED

BALANCE SHEET

AS AT 31 MAY 2023
FOXBOURNE INVESTMENTS LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2023
Note 31.05.2023 31.05.2022
£ £
Fixed assets
Tangible assets 3 2,858 0
2,858 0
Current assets
Debtors 4 1,188 1
1,188 1
Creditors: amounts falling due within one year 5 ( 9,496) 0
Net current (liabilities)/assets (8,308) 1
Total assets less current liabilities (5,450) 1
Net (liabilities)/assets ( 5,450) 1
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account ( 5,451 ) 0
Total shareholder's (deficit)/funds ( 5,450) 1

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Foxbourne Investments Limited (registered number: 13415731) were approved and authorised for issue by the Director on 06 February 2024. They were signed on its behalf by:

Mr M Potter
Director
FOXBOURNE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2023
FOXBOURNE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Foxbourne Investments Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 23 Elmbourne Road, London, SW17 8JS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £5,700. The company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The current reporting period covers a 12 month period to 31 May 2023 and the comparative reporting period covered the period from 24 May 2021 to 31 May 2022, therefore the comparative figures presented in the financial statements are not entirely comparable.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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, 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.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

Year ended
31.05.2023
Period from
24.05.2021 to
31.05.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2022 0 0
Additions 3,026 3,026
At 31 May 2023 3,026 3,026
Accumulated depreciation
At 01 June 2022 0 0
Charge for the financial year 168 168
At 31 May 2023 168 168
Net book value
At 31 May 2023 2,858 2,858
At 31 May 2022 0 0

4. Debtors

31.05.2023 31.05.2022
£ £
Other debtors 1,188 1

5. Creditors: amounts falling due within one year

31.05.2023 31.05.2022
£ £
Trade creditors 1,320 0
Other creditors 8,176 0
9,496 0

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

31.05.2023 31.05.2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Transactions with the entity's director

31.05.2023 31.05.2022
£ £
Amounts due to Key Management Personnel 6,286 0

These loans are unsecured, interest free and have no fixed date for repayment.