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REGISTERED NUMBER: 12014570 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2023

for

Fox Properties (East Midlands) Limited

Fox Properties (East Midlands) Limited (Registered number: 12014570)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fox Properties (East Midlands) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R L Fox
Mrs K Fox





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 12014570 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Fox Properties (East Midlands) Limited (Registered number: 12014570)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 120,000 120,000

CURRENT ASSETS
Debtors 5 595 1,431
Cash at bank 4,257 534
4,852 1,965
CREDITORS
Amounts falling due within one year 6 60,260 35,410
NET CURRENT LIABILITIES (55,408 ) (33,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,592

86,555

CREDITORS
Amounts falling due after more than one
year

7

(56,836

)

(56,793

)

PROVISIONS FOR LIABILITIES (1,500 ) (6,000 )
NET ASSETS 6,256 23,762

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 30,019 25,519
Retained earnings (23,863 ) (1,857 )
SHAREHOLDERS' FUNDS 6,256 23,762

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

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

Fox Properties (East Midlands) Limited (Registered number: 12014570)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mrs K Fox - Director


Fox Properties (East Midlands) Limited (Registered number: 12014570)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Fox Properties (East Midlands) 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.

Turnover
Turnover represents amounts receivable for rents and is recognised in the period to which it relates.

Investment property
Investment property is not depreciated but is revalued annually at its fair value in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provision made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 120,000
NET BOOK VALUE
At 31 October 2023 120,000
At 31 October 2022 120,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 120,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 88,481 88,481
Aggregate depreciation (7,964 ) (6,194 )

Investment property was valued on a fair value basis on 31 October 2023 by the directors .

Fox Properties (East Midlands) Limited (Registered number: 12014570)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 495
Prepayments 595 936
595 1,431

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Owed to related parties 55,801 31,010
Directors' current accounts 3,500 3,500
Accrued expenses 959 900
60,260 35,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 56,836 56,793

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 56,836 56,793

The bank loan is secured on investment property.

9. RESERVES
Fair
value
reserve
£   
At 1 November 2022 25,519
Transfer deferred tax 4,500

At 31 October 2023 30,019