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Company No: 07086397 (England and Wales)

AMBROSE FOX LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

AMBROSE FOX LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

AMBROSE FOX LIMITED

BALANCE SHEET

As at 30 April 2024
AMBROSE FOX LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
2024 2023
£ £
Current assets
Debtors 4 7,599 13,234
Cash at bank and in hand 0 78
7,599 13,312
Creditors: amounts falling due within one year 5 ( 2) ( 5,722)
Net current assets 7,597 7,590
Total assets less current liabilities 7,597 7,590
Provision for liabilities 0 ( 430)
Net assets 7,597 7,160
Capital and reserves
Called-up share capital 2 2
Share premium account 25,999 25,999
Capital redemption reserve 1 1
Profit and loss account ( 18,405 ) ( 18,842 )
Total shareholder's funds 7,597 7,160

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ambrose Fox Limited (registered number: 07086397) were approved and authorised for issue by the Board of Directors on 07 August 2024. They were signed on its behalf by:

J G Banfield
Director
AMBROSE FOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
AMBROSE FOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
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 year, unless otherwise stated.

General information and basis of accounting

Ambrose Fox 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:
The Barn
Wytham
Oxford
England
OX2 8QJ
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.

The functional currency of Ambrose Fox Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

In 2022 the directors made the decision that the Company would cease trading following the sale of the shares in the company during the period.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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 basis over its expected useful life, as follows:

Office equipment 4 years straight line
Computer equipment 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.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 May 2023 3,580 8,890 12,470
Disposals ( 3,580) ( 8,890) ( 12,470)
At 30 April 2024 0 0 0
Accumulated depreciation
At 01 May 2023 3,580 8,890 12,470
Disposals ( 3,580) ( 8,890) ( 12,470)
At 30 April 2024 0 0 0
Net book value
At 30 April 2024 0 0 0
At 30 April 2023 0 0 0

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 7,599 13,141
Corporation tax 0 93
7,599 13,234

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 2 0
Other creditors 0 5,722
2 5,722