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REGISTERED NUMBER: 07647814 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FOXHOLE SLA LIMITED

FOXHOLE SLA LIMITED (REGISTERED NUMBER: 07647814)






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

Chartered Accountants' Report 7

FOXHOLE SLA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G J Benet
E J Holden





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 07647814 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

FOXHOLE SLA LIMITED (REGISTERED NUMBER: 07647814)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,147 3,907
Investment property 5 3,370,000 3,370,000
3,374,147 3,373,907

CURRENT ASSETS
Debtors 6 3,601 7,250
Cash at bank 22,560 30,884
26,161 38,134
CREDITORS
Amounts falling due within one year 7 1,503,401 1,563,761
NET CURRENT LIABILITIES (1,477,240 ) (1,525,627 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,896,907 1,848,280

PROVISIONS FOR LIABILITIES 8 389,604 296,053
NET ASSETS 1,507,303 1,552,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,507,203 1,552,127
SHAREHOLDERS' FUNDS 1,507,303 1,552,227

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 directors acknowledge their 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.

FOXHOLE SLA LIMITED (REGISTERED NUMBER: 07647814)

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 Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





G J Benet - Director


FOXHOLE SLA LIMITED (REGISTERED NUMBER: 07647814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Foxhole SLA Limited 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties.
As a result the going concern basis of accounting has been adopted.

Turnover
Turnover represents rents receivable from the investment properties owned by the company, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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).

FOXHOLE SLA LIMITED (REGISTERED NUMBER: 07647814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,100 665 13,447 3,584 18,796
Additions - - - 1,813 1,813
Disposals - - - (335 ) (335 )
At 31 March 2024 1,100 665 13,447 5,062 20,274
DEPRECIATION
At 1 April 2023 1,007 454 10,256 3,172 14,889
Charge for year 23 53 798 696 1,570
Eliminated on disposal - - - (332 ) (332 )
At 31 March 2024 1,030 507 11,054 3,536 16,127
NET BOOK VALUE
At 31 March 2024 70 158 2,393 1,526 4,147
At 31 March 2023 93 211 3,191 412 3,907

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,370,000
NET BOOK VALUE
At 31 March 2024 3,370,000
At 31 March 2023 3,370,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 485,840
Valuation in 2021 556,965
Valuation in 2022 385,461
Valuation in 2023 126,000
Cost 1,815,734
3,370,000

The investment properties were valued at 31 March 2024 by the director, Ms G J Benet.

FOXHOLE SLA LIMITED (REGISTERED NUMBER: 07647814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,464 4,861
Prepayments 2,137 2,389
3,601 7,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 103
Tax 14,935 5,250
Other creditors 4,000 4,000
Directors' current accounts 1,483,117 1,553,117
Accrued expenses 1,349 1,291
1,503,401 1,563,761

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 1,037 742
Revaluation reserve 388,567 295,311
389,604 296,053

Deferred
tax
£   
Balance at 1 April 2023 296,053
Provided during year 93,551
Balance at 31 March 2024 389,604

9. RELATED PARTY DISCLOSURES

At the balance sheet date £1,483,117 (2023: £1,553,117) was owed to G J Benet. There are no terms attached to this loan.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FOXHOLE SLA LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Foxhole SLA Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Foxhole SLA Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Foxhole SLA Limited and state those matters that we have agreed to state to the Board of Directors of Foxhole SLA Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Foxhole SLA Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Foxhole SLA 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 Foxhole SLA Limited. You consider that Foxhole SLA Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Foxhole SLA Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


19 August 2024