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REGISTERED NUMBER: 01618246 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE FOXES MANAGEMENT COMPANY LIMITED

THE FOXES MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01618246)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE FOXES MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: D Clarke
Mrs H Q Woolf
J C Drake
T I Wood
S F Quinlan
Mrs J L Francis
R A Hutchison





SECRETARY: Mrs J L Francis





REGISTERED OFFICE: 36a Station Road
New Milton
Hampshire
BH25 6JX





REGISTERED NUMBER: 01618246 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

THE FOXES MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01618246)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18 18

CURRENT ASSETS
Debtors 5 3,180 2,615
Cash at bank 21,889 22,226
25,069 24,841
CREDITORS
Amounts falling due within one year 6 10,973 12,535
NET CURRENT ASSETS 14,096 12,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,114

12,324

RESERVES
Major repair reserve 10,000 10,000
Income and expenditure account 4,114 2,324
14,114 12,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

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 Board of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by:





Mrs J L Francis - Director


THE FOXES MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01618246)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

The Foxes Management Company Limited is a private company, limited by guarantee , 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.

Turnover
Turnover represents income from service charges and ground rents during the period to which these charges are applicable.

Tangible fixed assets
Freehold land and buildings are not depreciated as it is the company's policy to keep its property in a good state of repair.

Additional notes
Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

THE FOXES MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01618246)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 18
NET BOOK VALUE
At 31 March 2024 18
At 31 March 2023 18

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,180 2,615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 10,973 12,535

7. RELATED PARTY DISCLOSURES

In the normal course of its activites the company receives contributions from its members and officers. These transactions are carried out at arms length and at normal commercial rates, and are considered immaterial for the purposes of disclosure requirements of the Companies Act and the relevant Financial Reporting Standards.

8. CAPITAL

The company is incorporated under the Companies Act 2006 as a company limited by guarantee and not having a share capital.