Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07562584 Mr Jeremy Morley Mr Jeremy Morley Cazobe Limited North Barn, Village Street, Pickworth, Sleaford, Lincolnshire, NG34 0TD false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07562584 2022-12-31 07562584 2023-12-31 07562584 2023-01-01 2023-12-31 07562584 frs-core:CurrentFinancialInstruments 2023-12-31 07562584 frs-core:Non-currentFinancialInstruments 2023-12-31 07562584 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 07562584 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 07562584 frs-core:ShareCapital 2023-12-31 07562584 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07562584 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07562584 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07562584 frs-bus:SmallEntities 2023-01-01 2023-12-31 07562584 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07562584 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07562584 1 2023-01-01 2023-12-31 07562584 frs-bus:Director1 2023-01-01 2023-12-31 07562584 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07562584 frs-countries:EnglandWales 2023-01-01 2023-12-31 07562584 2021-12-31 07562584 2022-12-31 07562584 2022-01-01 2022-12-31 07562584 frs-core:CurrentFinancialInstruments 2022-12-31 07562584 frs-core:Non-currentFinancialInstruments 2022-12-31 07562584 frs-core:ShareCapital 2022-12-31 07562584 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07562584
Foxholes Freehold Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
TaxAssist Accountants
Hereward Offices
Cherry Holt Road
Bourne
Lincolnshire
PE10 9LA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07562584
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,218 17,218
17,218 17,218
Creditors: Amounts Falling Due Within One Year 5 (859 ) (821 )
NET CURRENT ASSETS (LIABILITIES) (859 ) (821 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,359 16,397
Creditors: Amounts Falling Due After More Than One Year 6 (13,610 ) (14,149 )
NET ASSETS 2,749 2,248
CAPITAL AND RESERVES
Called up share capital 7 18 18
Profit and Loss Account 2,731 2,230
SHAREHOLDERS' FUNDS 2,749 2,248
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jeremy Morley
Director
21 August 2024
The notes on pages 2 to 3 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Foxholes Freehold Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07562584 . The registered office is North Barn, Village Street, Pickworth, NG34 0TD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Investment Properties
£
Cost
As at 1 January 2023 17,218
As at 31 December 2023 17,218
Net Book Value
As at 31 December 2023 17,218
As at 1 January 2023 17,218
The valuation of the property was made in 2017 on an open market basis for existing use basis.
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Corporation tax 139 112
Accruals and deferred income 716 704
Director's loan account 4 4
859 821
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to parent undertaking 13,610 14,149
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 18 18
8. Related Party Transactions
During the year transactions took place with Cazobe Limited, the parent company. At the year end there was a balance of £1,3610 (2022: £14,149) payable to Cazobe Limited. This balance is included within amounts owed to parent undertakings. Interest of £35 (2022: £36) has been charged on this loan.
9. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Cazobe Limited . Cazobe Limited was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary, North Barn, Village Street, Pickworth, Sleaford, Lincolnshire, NG34 0TD . The controlling party is Cazobe Limited who controls 88.9% of the shares of Foxholes Freehold Limited .
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