IRIS Accounts Production v24.1.9.2 03191962 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031919622023-03-31031919622024-03-31031919622023-04-012024-03-31031919622022-03-31031919622022-04-012023-03-31031919622023-03-3103191962ns15:EnglandWales2023-04-012024-03-3103191962ns14:PoundSterling2023-04-012024-03-3103191962ns10:Director12023-04-012024-03-3103191962ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103191962ns10:SmallEntities2023-04-012024-03-3103191962ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103191962ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103191962ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103191962ns10:FullAccounts2023-04-012024-03-3103191962ns10:RegisteredOffice2023-04-012024-03-3103191962ns5:CurrentFinancialInstruments2024-03-3103191962ns5:CurrentFinancialInstruments2023-03-3103191962ns5:Non-currentFinancialInstruments2024-03-3103191962ns5:Non-currentFinancialInstruments2023-03-3103191962ns5:ShareCapital2024-03-3103191962ns5:ShareCapital2023-03-3103191962ns5:RevaluationReserve2024-03-3103191962ns5:RevaluationReserve2023-03-3103191962ns5:RetainedEarningsAccumulatedLosses2024-03-3103191962ns5:RetainedEarningsAccumulatedLosses2023-03-3103191962ns5:CostValuation2023-03-3103191962ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103191962ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103191962ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 03191962 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Foxes Residential Ltd.

Foxes Residential Ltd. (Registered number: 03191962)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foxes Residential Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K M Lyons





REGISTERED OFFICE: 6 Poole Hill
Bournemouth
Dorset
BH2 5PS





REGISTERED NUMBER: 03191962 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Foxes Residential Ltd. (Registered number: 03191962)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 25,000 25,000
Investment property 5 785,418 785,418
810,418 810,418

CURRENT ASSETS
Debtors 6 18,364 18,364
Investments 7 100 100
Cash at bank 352 352
18,816 18,816
CREDITORS
Amounts falling due within one year 8 6,208 3,686
NET CURRENT ASSETS 12,608 15,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

823,026

825,548

CREDITORS
Amounts falling due after more than one
year

9

(365,227

)

(379,916

)

PROVISIONS FOR LIABILITIES (64,500 ) (49,000 )
NET ASSETS 393,299 396,632

CAPITAL AND RESERVES
Called up share capital 154 154
Non distributable reserve 11 219,451 234,951
Retained earnings 173,694 161,527
393,299 396,632

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 director acknowledges his 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.

Foxes Residential Ltd. (Registered number: 03191962)

Balance Sheet - continued
31 March 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 9 August 2024 and were signed by:





K M Lyons - Director


Foxes Residential Ltd. (Registered number: 03191962)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Foxes Residential 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Foxes Residential Ltd. (Registered number: 03191962)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 25,000
At 31 March 2023 25,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 785,418
NET BOOK VALUE
At 31 March 2024 785,418
At 31 March 2023 785,418

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 74,967
Valuation in 2016 (4,070 )
Valuation in 2018 (16,707 )
Valuation in 2019 (34,985 )
Valuation in 2021 105,996
Valuation in 2023 158,750
Cost 501,467
785,418

There has been no valuation of investment property by an independent valuer.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 18,364 18,364

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Shares in group undertakings 100 100

Foxes Residential Ltd. (Registered number: 03191962)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 3,820 1,513
Other creditors 2,388 2,173
6,208 3,686

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 100 100
Other creditors 365,127 379,816
365,227 379,916

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other creditors 50,000 55,000

The other creditors are secured on investment properties held by the company.

11. RESERVES
Non
distributable
reserve
£   
At 1 April 2023 234,951
Fair value transfer (15,500 )

At 31 March 2024 219,451