Company registration number 08589403 (England and Wales)
Foxwood Limited
Unaudited
financial statements
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Foxwood Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Foxwood Limited
Statement of financial position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,119,083
963,925
Current assets
Debtors
4
256,818
22,226
Cash at bank and in hand
61,213
56,828
318,031
79,054
Creditors: amounts falling due within one year
5
(469,203)
(457,717)
Net current liabilities
(151,172)
(378,663)
Net assets
967,911
585,262
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
967,811
585,162
Total equity
967,911
585,262

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 1 May 2024 and are signed on its behalf by:
G Foxcroft
Director
Company registration number 08589403 (England and Wales)
Foxwood Limited
Notes to the financial statements
for the year ended 31 March 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets 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:

Freehold land and buildings
No depreciation
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
Foxwood Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 3 -
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 April 2023
963,925
Additions
155,158
At 31 March 2024
1,119,083
Depreciation and impairment
At 1 April 2023 and 31 March 2024
-
0
Carrying amount
At 31 March 2024
1,119,083
At 31 March 2023
963,925
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,690
1,137
Amounts owed by group undertakings
207,218
-
0
Prepayments and accrued income
44,910
21,089
256,818
22,226
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
44,910
21,089
Corporation tax
102,217
76,004
Other taxation and social security
821
15,904
Other creditors
320,505
344,000
Accruals and deferred income
750
720
469,203
457,717
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Company information

Foxwood Limited is a private company limited by shares incorporated in England and Wales. The registered office is Templar House, 1 Sandbeck Court, Sandbeck Way, Wetherby, West Yorkshire, LS22 7BA.

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