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REGISTERED NUMBER: 10633711 (England and Wales)




















Financial Statements

for the Year Ended 29 February 2024

for

IMMOFOX LTD

IMMOFOX LTD (REGISTERED NUMBER: 10633711)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMMOFOX LTD

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Miss L C Foster





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10633711 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

IMMOFOX LTD (REGISTERED NUMBER: 10633711)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 780 -
Investment property 6 445,235 445,235
446,015 445,235

CURRENT ASSETS
Debtors 7 8,982 11,261
Cash at bank 25,730 43,437
34,712 54,698
CREDITORS
Amounts falling due within one year 8 (260,743 ) (256,397 )
NET CURRENT LIABILITIES (226,031 ) (201,699 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,984

243,536

CREDITORS
Amounts falling due after more than one
year

9

(317,644

)

(332,324

)
NET LIABILITIES (97,660 ) (88,788 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (97,760 ) (88,888 )
SHAREHOLDERS' FUNDS (97,660 ) (88,788 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

IMMOFOX LTD (REGISTERED NUMBER: 10633711)

Balance Sheet - continued
29 February 2024


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 11 August 2024 and were signed by:





Miss L C Foster - Director


IMMOFOX LTD (REGISTERED NUMBER: 10633711)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

ImmoFox 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Know How are being 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.
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

IMMOFOX LTD (REGISTERED NUMBER: 10633711)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 9,795
AMORTISATION
At 1 March 2023
and 29 February 2024 9,795
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 1,022
Additions 1,170
Disposals (1,022 )
At 29 February 2024 1,170
DEPRECIATION
At 1 March 2023 1,022
Charge for year 390
Eliminated on disposal (1,022 )
At 29 February 2024 390
NET BOOK VALUE
At 29 February 2024 780
At 28 February 2023 -

IMMOFOX LTD (REGISTERED NUMBER: 10633711)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 445,235
NET BOOK VALUE
At 29 February 2024 445,235
At 28 February 2023 445,235

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2020 (1,689 )
Valuation in 2022 (1,462 )
Cost 448,386
445,235

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 8,982 11,261

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 2,603 120
Other creditors 258,140 256,277
260,743 256,397

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 317,644 332,324

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 317,644 332,324

IMMOFOX LTD (REGISTERED NUMBER: 10633711)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Mortgages 317,644 332,324

The mortgages provided by Shawbrook Bank Ltd, Foundation Home, and State Bank of India (UK) Ltd are secured against the freehold interests in the properties known as 10 Marchwood Road, 191 Rosalind Street, 17 Frank Street, 16 Chamberlain Street, 45 Frank Street and 201 Sycamore Street by way of a fixed charge and negative pledge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.