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Registration number: 14583230

The Lion and Fox Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 10 January 2023 to 31 January 2024

 

The Lion and Fox Holdings Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account and Statement of Retained Earnings

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 8

 

The Lion and Fox Holdings Limited

Company Information





 

Directors




 

Mr T C Wilmore

Mr H J S Hayre

Registered office





 

11 Huddersfield Road
Holmfirth
West Yorkshire
HD9 2JR

Accountants

D & A Hill
18 T8 9 Brooke's Mill
Armitage Bridge
Huddersfield
HD4 7NR

 

The Lion and Fox Holdings Limited

Directors' Report
for the Period from 10 January 2023 to 31 January 2024

The directors present their report and the financial statements for the period from 10 January 2023 to 31 January 2024.

Incorporation

The company was incorporated on 10 January 2023.

Directors of the company

The directors who held office during the period were as follows:

Mr T C Wilmore (appointed 10 January 2023)

Mr H J S Hayre (appointed 10 January 2023)

Principal activity

The principal activity of the company is is that of llicensed restaurant.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

.........................................
Mr T C Wilmore
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Lion and Fox Holdings Limited
for the Period Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Lion and Fox Holdings Limited for the period ended 31 January 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Lion and Fox Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Lion and Fox Holdings Limited and state those matters that we have agreed to state to the Board of Directors of The Lion and Fox Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Lion and Fox Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Lion and Fox Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Lion and Fox Holdings Limited. You consider that The Lion and Fox Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of The Lion and Fox Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

D & A Hill
18 T8 9 Brooke's Mill
Armitage Bridge
Huddersfield
HD4 7NR

10 October 2024

 

The Lion and Fox Holdings Limited

Profit and Loss Account and Statement of Retained Earnings
for the Period from 10 January 2023 to 31 January 2024

Note

2024
£

Turnover

 

243,710

Cost of sales

 

(129,433)

Gross profit

 

114,277

Administrative expenses

 

(118,062)

Other operating income

 

117

Operating loss

 

(3,668)

Interest payable and similar charges

 

(12)

Loss before tax

4

(3,680)

Loss for the financial period

 

(3,680)

Retained earnings brought forward

 

-

Retained earnings carried forward

 

(3,680)

 

The Lion and Fox Holdings Limited

(Registration number: 14583230 )
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Intangible assets

5

9,500

Current assets

 

Stocks

6

3,050

Cash at bank and in hand

 

8,736

 

11,786

Creditors: Amounts falling due within one year

7

(24,946)

Net current liabilities

 

(13,160)

Net liabilities

 

(3,660)

Capital and reserves

 

Called up share capital

8

20

Retained earnings

(3,680)

Shareholders' deficit

 

(3,660)

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

.........................................
Mr T C Wilmore
Director

 

The Lion and Fox Holdings Limited

Notes to the Unaudited Financial Statements
for the Period from 10 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Huddersfield Road
Holmfirth
West Yorkshire
HD9 2JR

These financial statements were authorised for issue by the Board on 10 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

The Lion and Fox Holdings Limited

Notes to the Unaudited Financial Statements
for the Period from 10 January 2023 to 31 January 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% per annum 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 10.

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

Amortisation expense

500

 

The Lion and Fox Holdings Limited

Notes to the Unaudited Financial Statements
for the Period from 10 January 2023 to 31 January 2024

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

10,000

10,000

At 31 January 2024

10,000

10,000

Amortisation

Amortisation charge

500

500

At 31 January 2024

500

500

Carrying amount

At 31 January 2024

9,500

9,500

6

Stocks

2024
£

Other inventories

3,050

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

9,369

Accruals and deferred income

1,200

Other creditors

14,377

24,946

8

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

20

20