Company registration number:
SC646135
Fox Red Properties Limited
Unaudited filleted financial statements
28 February 2024
Fox Red Properties Limited
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
Fox Red Properties Limited
Directors and other information
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Director |
Mr Philip Ketchen |
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Company number |
SC646135 |
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Registered office |
54 Bankton Brae |
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Livingston |
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West Lothian |
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EH54 9LA |
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Accountant |
John Lynch & Co |
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Torridon House |
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Torridon Lane |
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Rosyth |
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Fife |
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KY11 2EU |
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Fox Red Properties Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Fox Red Properties Limited
Year ended 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Fox Red Properties Limited for the year ended 28 February 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of ICAS , I am subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of Fox Red Properties Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Fox Red Properties Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Fox Red Properties Limited and its director as a body for my work or for this report.
It is your duty to ensure that Fox Red Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fox Red Properties Limited. You consider that Fox Red Properties Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Fox Red Properties Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
John Lynch & Co
Chartered Accountants
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
31 July 2024
Fox Red Properties Limited
Statement of financial position
28 February 2024
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2024 |
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2023 |
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£ |
£ |
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£ |
£ |
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Fixed assets |
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13,528 |
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21,188 |
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_______ |
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_______ |
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Current assets |
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1,825 |
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23,400 |
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Prepayments and accrued income |
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4,778 |
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- |
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_______ |
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_______ |
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6,603 |
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23,400 |
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Creditors: amounts falling due within one year |
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(
18,658) |
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(
32,909) |
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_______ |
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_______ |
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Net current liabilities |
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12,055) |
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(
9,509) |
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_______ |
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_______ |
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Total assets less current liabilities |
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1,473 |
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11,679 |
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Creditors: amounts falling due after more than one year |
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(
7,327) |
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(
10,160) |
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Accruals and deferred income |
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(
3,220) |
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(
1,320) |
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_______ |
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Net (liabilities)/assets |
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(
9,074) |
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199 |
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_______ |
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_______ |
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Capital and reserves |
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(
9,074) |
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199 |
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_______ |
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_______ |
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Fox Red Properties Limited
Year ended 28 February 2024
Notes to the financial statements
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
2.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
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Mr Philip Ketchen |
- |
- |
- |
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_______ |
_______ |
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2023 |
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Balance brought forward |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
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Mr Philip Ketchen |
3,070 |
(
1,270) |
1,800 |
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
31 July 2024
, and are signed on behalf of the board by:
Mr Philip Ketchen
Director
Company registration number:
SC646135
The company is a private company limited by shares, registered in Scotland.