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REGISTERED NUMBER: 07597821 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FKX LIMITED

FKX LIMITED (REGISTERED NUMBER: 07597821)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FKX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Miss J M Oldfield
M J Pullan





SECRETARY: Miss J M Oldfield





REGISTERED OFFICE: The Nest
Falkland Way
Barton Upon Humber
DN18 5RL





REGISTERED NUMBER: 07597821 (England and Wales)





ACCOUNTANTS: Bradbury & Co
Chartered Tax Advisers and Accountants
Driffield

FKX LIMITED (REGISTERED NUMBER: 07597821)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 118,707,196 112,826,129

CURRENT ASSETS
Debtors 5 3,343,873 1,007,595
Cash at bank 569,542 5,635,957
3,913,415 6,643,552
CREDITORS
Amounts falling due within one year 6 (617,361 ) (3,474,209 )
NET CURRENT ASSETS 3,296,054 3,169,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,003,250

115,995,472

CREDITORS
Amounts falling due after more than one
year

7

(110,500,000

)

(108,800,000

)
NET ASSETS 11,503,250 7,195,472

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,503,249 7,195,471
SHAREHOLDERS' FUNDS 11,503,250 7,195,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

FKX LIMITED (REGISTERED NUMBER: 07597821)

BALANCE SHEET - continued
31 DECEMBER 2023


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 15 August 2024 and were signed on its behalf by:





Miss J M Oldfield - Director


FKX LIMITED (REGISTERED NUMBER: 07597821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

FKX 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.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in market value is recognised in the profit and loss account.

Rents received
Rents received are accounted for on an accruals basis, and are recorded in other operating income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2023 112,826,129
Additions 5,881,067
At 31 December 2023 118,707,196
NET BOOK VALUE
At 31 December 2023 118,707,196
At 31 December 2022 112,826,129

The directors have reviewed the fair value of the properties and on the basis of good quality covenants and the current market ground rents, do not consider there is a material change to the carried forward value at 31 December 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,080,906 -
Other debtors 262,967 1,007,595
3,343,873 1,007,595

FKX LIMITED (REGISTERED NUMBER: 07597821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,150 3,087,075
Taxation and social security 196,519 62,192
Other creditors 417,692 324,942
617,361 3,474,209

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 110,500,000 108,800,000

Other creditors relate to loans from the Beverley Transom Settlement, the ultimate controlling party, which are interest free and are repayable after more than 1 year.