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REGISTERED NUMBER: 05101812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FOXHOLES COUNTRY PURSUITS LIMITED

FOXHOLES COUNTRY PURSUITS LIMITED (REGISTERED NUMBER: 05101812)






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


FOXHOLES COUNTRY PURSUITS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: J C Prest
Mrs K Prest
J D Prest
B J Prest





REGISTERED OFFICE: Upper Foxholes Farm
Bay Horse
Lancaster
Lancashire
LA2 9DB





REGISTERED NUMBER: 05101812 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

FOXHOLES COUNTRY PURSUITS LIMITED (REGISTERED NUMBER: 05101812)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,063 36,960
57,063 36,960

CURRENT ASSETS
Stocks 1,974,175 1,975,027
Debtors 6 162,100 150,348
Cash at bank and in hand 427,754 465,540
2,564,029 2,590,915
CREDITORS
Amounts falling due within one year 7 (381,872 ) (436,196 )
NET CURRENT ASSETS 2,182,157 2,154,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,239,220

2,191,679

CREDITORS
Amounts falling due after more than one
year

8

(17,327

)

(27,400

)

PROVISIONS FOR LIABILITIES (14,266 ) (6,905 )
NET ASSETS 2,207,627 2,157,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,207,527 2,157,274
2,207,627 2,157,374

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.

FOXHOLES COUNTRY PURSUITS LIMITED (REGISTERED NUMBER: 05101812)

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 20 September 2024 and were signed on its behalf by:





B J Prest - Director


FOXHOLES COUNTRY PURSUITS LIMITED (REGISTERED NUMBER: 05101812)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Foxholes Country Pursuits 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
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.

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.

FOXHOLES COUNTRY PURSUITS LIMITED (REGISTERED NUMBER: 05101812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,028
AMORTISATION
At 1 April 2023
and 31 March 2024 60,028
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 93,797 118,036 18,483 26,351 256,667
Additions - - 34,204 - 34,204
Disposals - - (18,483 ) - (18,483 )
At 31 March 2024 93,797 118,036 34,204 26,351 272,388
DEPRECIATION
At 1 April 2023 93,797 95,206 15,048 15,656 219,707
Charge for year - 5,708 713 4,245 10,666
Eliminated on disposal - - (15,048 ) - (15,048 )
At 31 March 2024 93,797 100,914 713 19,901 215,325
NET BOOK VALUE
At 31 March 2024 - 17,122 33,491 6,450 57,063
At 31 March 2023 - 22,830 3,435 10,695 36,960

FOXHOLES COUNTRY PURSUITS LIMITED (REGISTERED NUMBER: 05101812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 149,201 107,509
Directors' current accounts 9,570 37,319
Prepayments 3,329 5,520
162,100 150,348

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,078 9,830
Trade creditors 140,424 173,740
Tax 47,138 46,157
Social security and other taxes 71,012 78,918
Other creditors 56,823 59,183
Directors' current accounts 51,585 63,618
Accruals and deferred income 4,812 4,750
381,872 436,196

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,333 10,078
Bank loans - 2-5 years 6,994 17,322
17,327 27,400

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
B J Prest
Balance outstanding at start of year 27,408 9,153
Amounts advanced 35,736 18,255
Amounts repaid (57,643 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,501 27,408

J D Prest
Balance outstanding at start of year 9,911 -
Amounts advanced 5,237 9,911
Amounts repaid (15,148 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,911

FOXHOLES COUNTRY PURSUITS LIMITED (REGISTERED NUMBER: 05101812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J C Prest
Balance outstanding at start of year - -
Amounts advanced 4,198 -
Amounts repaid (130 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,068 -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £108,000 were paid to the directors .