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REGISTERED NUMBER: 01943055 (England and Wales)


















FOXTROY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






FOXTROY LIMITED (REGISTERED NUMBER: 01943055)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOXTROY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G M Owens
C M McKay
D J Purnell



SECRETARY: G M Owens



REGISTERED OFFICE: Foxtroy House
25 Derllwyn Road
Tondu
BRIDGEND
Bridgend
CF32 9DG



REGISTERED NUMBER: 01943055 (England and Wales)



ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS



BANKERS: Lloyds TSB Bank plc
18 Wyndham Street
BRIDGEND
CF31 1EQ

FOXTROY LIMITED (REGISTERED NUMBER: 01943055)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 551,314 571,418

CURRENT ASSETS
Stocks 3,290 3,705
Debtors 5 37,494 27,144
Cash at bank and in hand 161,478 122,875
202,262 153,724
CREDITORS
Amounts falling due within one year 6 (64,174 ) (43,063 )
NET CURRENT ASSETS 138,088 110,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,402

682,079

CREDITORS
Amounts falling due after more than one
year

7

(90,000

)

(150,000

)

PROVISIONS FOR LIABILITIES (1,310 ) (2,664 )
NET ASSETS 598,092 529,415

CAPITAL AND RESERVES
Called up share capital 9 893 893
Capital redemption reserve 107 107
Retained earnings 597,092 528,415
SHAREHOLDERS' FUNDS 598,092 529,415

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.

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 23 September 2024 and were signed on its behalf by:



G M Owens - Director


FOXTROY LIMITED (REGISTERED NUMBER: 01943055)

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


1. STATUTORY INFORMATION

Foxtroy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial reporting Standard 102 1A.

Turnover
Turnover represents amounts receivable from residents in respect of residential care services provided during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% & 10% on cost
Fixtures & fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Non-derivative financial instruments comprise trade debtors, cash, trade and other creditors. Basic financial instruments are recognised at amortised cost.

Current taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme and to employees personal pension schemes are charged to the profit and loss account in the period to which they relate.

FOXTROY LIMITED (REGISTERED NUMBER: 01943055)

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


2. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2022 - 50 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures Motor Computer
property & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 728,723 132,562 4,000 2,047 867,332
Disposals - (2,985 ) - (2,047 ) (5,032 )
At 31 December 2023 728,723 129,577 4,000 - 862,300
DEPRECIATION
At 1 January 2023 173,071 117,134 4,000 1,709 295,914
Charge for year 16,123 3,562 - - 19,685
Eliminated on disposal - (2,904 ) - (1,709 ) (4,613 )
At 31 December 2023 189,194 117,792 4,000 - 310,986
NET BOOK VALUE
At 31 December 2023 539,529 11,785 - - 551,314
At 31 December 2022 555,652 15,428 - 338 571,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,420 20,061
Prepayments and accrued income 9,074 7,083
37,494 27,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,187 8,334
Corporation tax 24,574 1,725
Social security and other taxes 12,500 11,349
Other creditors 2,861 2,753
Director's current account 1,804 59
Accruals and deferred income 12,248 18,843
64,174 43,063

FOXTROY LIMITED (REGISTERED NUMBER: 01943055)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Directors' loans 60,000 100,000
Other loans 30,000 50,000
90,000 150,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Directors' loans 60,000 100,000
Other loans 30,000 50,000
90,000 150,000

The Directors' loans and other loans are secured on the freehold property owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
893 Ordinary £1 893 893

10. OTHER FINANCIAL COMMITMENTS

The company had commitments of £12,414 (2022 - £24,828) at the year end in respect of operating leases.