Alexander Foxx Limited 10913917 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is Property Investment Digita Accounts Production Advanced 6.30.9574.0 true true 10913917 2022-05-01 2023-04-30 10913917 2023-04-30 10913917 bus:OrdinaryShareClass1 2023-04-30 10913917 core:CurrentFinancialInstruments 2023-04-30 10913917 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 10913917 core:Non-currentFinancialInstruments 2023-04-30 10913917 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 10913917 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 10913917 core:FurnitureFittingsToolsEquipment 2023-04-30 10913917 core:LandBuildings 2023-04-30 10913917 bus:SmallEntities 2022-05-01 2023-04-30 10913917 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10913917 bus:FilletedAccounts 2022-05-01 2023-04-30 10913917 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 10913917 bus:RegisteredOffice 2022-05-01 2023-04-30 10913917 bus:Director2 2022-05-01 2023-04-30 10913917 bus:Director3 2022-05-01 2023-04-30 10913917 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 10913917 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10913917 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-05-01 2023-04-30 10913917 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 10913917 core:LandBuildings 2022-05-01 2023-04-30 10913917 core:PlantMachinery 2022-05-01 2023-04-30 10913917 countries:England 2022-05-01 2023-04-30 10913917 2022-04-30 10913917 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-30 10913917 core:FurnitureFittingsToolsEquipment 2022-04-30 10913917 core:LandBuildings 2022-04-30 10913917 2021-05-01 2022-04-30 10913917 2022-04-30 10913917 bus:OrdinaryShareClass1 2022-04-30 10913917 core:CurrentFinancialInstruments 2022-04-30 10913917 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 10913917 core:Non-currentFinancialInstruments 2022-04-30 10913917 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 10913917 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-30 10913917 core:FurnitureFittingsToolsEquipment 2022-04-30 10913917 core:LandBuildings 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10913917

Alexander Foxx Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Alexander Foxx Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Alexander Foxx Limited

Company Information

Directors

Mrs Emma Hughes

Linda Mollie L M Bellamy

Registered office

26 High Street
Rickmansworth
WD3 1ER

Accountants

DJM Accountants BLJ Limited
26 High Street
Rickmansworth
WD3 1ER

 

Alexander Foxx Limited

(Registration number: 10913917)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

69,000

69,000

Tangible assets

5

2,216,742

2,220,075

 

2,285,742

2,289,075

Current assets

 

Debtors

6

57,758

57,758

Cash at bank and in hand

 

48

-

 

57,806

57,758

Creditors: Amounts falling due within one year

7

(242,761)

(397,605)

Net current liabilities

 

(184,955)

(339,847)

Total assets less current liabilities

 

2,100,787

1,949,228

Creditors: Amounts falling due after more than one year

7

(2,076,951)

(1,890,803)

Net assets

 

23,836

58,425

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

23,736

58,325

Shareholders' funds

 

23,836

58,425

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Alexander Foxx Limited

(Registration number: 10913917)
Balance Sheet as at 30 April 2023

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
Mrs Emma Hughes
Director

 

Alexander Foxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26 High Street
Rickmansworth
WD3 1ER

These financial statements were authorised for issue by the Board on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Alexander Foxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Asset class

Depreciation method and rate

RDA assets

20% on a straight line method

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Development costs

amortised over 5 years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Alexander Foxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 May 2022

115,000

115,000

At 30 April 2023

115,000

115,000

Amortisation

At 1 May 2022

46,000

46,000

At 30 April 2023

46,000

46,000

Carrying amount

At 30 April 2023

69,000

69,000

At 30 April 2022

69,000

69,000

 

Alexander Foxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

2,216,742

12,500

2,229,242

At 30 April 2023

2,216,742

12,500

2,229,242

Depreciation

At 1 May 2022

-

9,167

9,167

Charge for the year

-

3,333

3,333

At 30 April 2023

-

12,500

12,500

Carrying amount

At 30 April 2023

2,216,742

-

2,216,742

At 30 April 2022

2,216,742

3,333

2,220,075

Included within the net book value of land and buildings above is £2,216,742 (2022 - £2,216,742) in respect of freehold land and buildings.
 

6

Debtors

Current

2023
£

2022
£

Other debtors

57,758

57,758

 

57,758

57,758

 

Alexander Foxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

15,116

34,523

Trade creditors

 

-

13,986

Amounts owed to group undertakings and undertakings in which the company has a participating interest

226,645

226,645

Taxation and social security

 

-

121,451

Accruals and deferred income

 

1,000

1,000

 

242,761

397,605

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

2,076,951

1,890,803

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

1,428,005

1,428,005

Other borrowings

648,946

462,798

2,076,951

1,890,803

Current loans and borrowings

 

Alexander Foxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

2023
£

2022
£

Bank overdrafts

-

19,407

Other borrowings

15,116

15,116

15,116

34,523