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REGISTERED NUMBER: 06647231 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FOSSE CROSS PROPERTIES LTD

FOSSE CROSS PROPERTIES LTD (REGISTERED NUMBER: 06647231)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOSSE CROSS PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr M J Haines





REGISTERED OFFICE: Unit 3
The Old Quarry Works
Fosse Cross Industrial Estate
CHELTENHAM
Gloucestershire
GL54 4NW





REGISTERED NUMBER: 06647231 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

FOSSE CROSS PROPERTIES LTD (REGISTERED NUMBER: 06647231)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,504 12,200
Investment property 5 450,000 450,000
461,504 462,200

CURRENT ASSETS
Debtors 6 - 59
Cash at bank 462 799
462 858
CREDITORS
Amounts falling due within one year 7 154,703 155,436
NET CURRENT LIABILITIES (154,241 ) (154,578 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,263

307,622

CREDITORS
Amounts falling due after more than one
year

8

(78,623

)

(90,492

)

PROVISIONS FOR LIABILITIES 11 (2,488 ) (2,488 )
NET ASSETS 226,152 214,642

CAPITAL AND RESERVES
Called up share capital 12 200 200
Revaluation reserve 107,510 107,510
Retained earnings 118,442 106,932
SHAREHOLDERS' FUNDS 226,152 214,642

FOSSE CROSS PROPERTIES LTD (REGISTERED NUMBER: 06647231)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2024 and were signed by:





Mr M J Haines - Director


FOSSE CROSS PROPERTIES LTD (REGISTERED NUMBER: 06647231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Fosse Cross Properties Ltd 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 (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Workshop - not provided
Plant and machinery - 25% on reducing balance and 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FOSSE CROSS PROPERTIES LTD (REGISTERED NUMBER: 06647231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Workshop machinery Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 6,543 13,650 20,193
DEPRECIATION
At 1 February 2023 - 7,993 7,993
Charge for year - 696 696
At 31 January 2024 - 8,689 8,689
NET BOOK VALUE
At 31 January 2024 6,543 4,961 11,504
At 31 January 2023 6,543 5,657 12,200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 450,000
NET BOOK VALUE
At 31 January 2024 450,000
At 31 January 2023 450,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 109,998
Cost 340,002
450,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 59

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 14,774 17,243
Tax 2,863 2,728
Flag Vehicle Deliveries Ltd 7,771 6,271
Directors' current accounts 127,545 127,545
Accrued expenses 1,750 1,649
154,703 155,436

FOSSE CROSS PROPERTIES LTD (REGISTERED NUMBER: 06647231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 9) 78,623 90,492

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,774 17,243

Amounts falling due between one and two years:
Bank loans - 1-2 years 78,623 90,492

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 93,397 107,735

The bank loan is secured by way of a legal over the Investment Property in favour of Nat West Bank plc and dated 4 November 2013.

11. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 2,488 2,488

Deferred
tax
£   
Balance at 1 February 2023 2,488
Balance at 31 January 2024 2,488

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
200 Ordinary £1 200 200