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REGISTERED NUMBER: 08136834 (England and Wales)












Fox Property Solutions Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






Fox Property Solutions Ltd (Registered number: 08136834)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Fox Property Solutions Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Fox





REGISTERED OFFICE: 13 Arolla Road
Herne Bay
Kent
CT6 6BW





REGISTERED NUMBER: 08136834 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Fox Property Solutions Ltd (Registered number: 08136834)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,870 24,075
20,870 24,075

CURRENT ASSETS
Stocks 18,000 7,000
Debtors 6 29,589 25,297
Cash at bank 4,264 5,979
51,853 38,276
CREDITORS
Amounts falling due within one year 7 81,603 73,131
NET CURRENT LIABILITIES (29,750 ) (34,855 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,880

)

(10,780

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,980 ) (10,880 )
SHAREHOLDERS' FUNDS (8,880 ) (10,780 )

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

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

Fox Property Solutions Ltd (Registered number: 08136834)

Balance Sheet - continued
31 December 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 9 February 2024 and were signed by:





S Fox - Director


Fox Property Solutions Ltd (Registered number: 08136834)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Fox Property Solutions Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences were amortised evenly over their estimated useful life of five years.

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
Fixtures and fittings - 25% reducing balance
Computer equipment - 33.33% straight line

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

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 pension costs charged in the financial statements represent the contributions payable by the company for the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Fox Property Solutions Ltd (Registered number: 08136834)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Licences
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 99,463 4,169 6,972 110,604
Additions 2,147 - 1,857 4,004
At 31 December 2023 101,610 4,169 8,829 114,608
DEPRECIATION
At 1 January 2023 75,862 3,747 6,920 86,529
Charge for year 6,433 105 671 7,209
At 31 December 2023 82,295 3,852 7,591 93,738
NET BOOK VALUE
At 31 December 2023 19,315 317 1,238 20,870
At 31 December 2022 23,601 422 52 24,075

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,495 10,271
Other debtors 15,094 15,026
29,589 25,297

Fox Property Solutions Ltd (Registered number: 08136834)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,033 4,012
Taxation and social security 2,105 1,864
Other creditors 68,465 67,255
81,603 73,131

8. RELATED PARTY DISCLOSURES

Included under other creditors due inside one year is a loan from the director of £66,760 (2022 : £66,760). No interest has been charged on the loan. The director will not draw down on this balance until he is satisfied he can do so without adversely affecting the cash flow of the business.

The director holds a beneficial interest in a franchisor with which the company has a franchise agreement.

9. OPERATING LEASES

The company is committed to make lease payments under non cancellable operating lease agreements as follows:
31/12/23 31/12/22
£    £   
Within one year 5,648 5,648
Between one and five years 13,651 19,299

19,299 24,947