IRIS Accounts Production v24.3.0.553 00659934 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006599342023-03-31006599342024-03-31006599342023-04-012024-03-31006599342022-03-31006599342022-04-012023-03-31006599342023-03-3100659934ns14:PoundSterling2023-04-012024-03-3100659934ns10:Director12023-04-012024-03-3100659934ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100659934ns10:SmallEntities2023-04-012024-03-3100659934ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3100659934ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100659934ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100659934ns10:FullAccounts2023-04-012024-03-3100659934ns10:Director22023-04-012024-03-3100659934ns10:CompanySecretary12023-04-012024-03-3100659934ns10:RegisteredOffice2023-04-012024-03-3100659934ns5:CurrentFinancialInstruments2024-03-3100659934ns5:CurrentFinancialInstruments2023-03-3100659934ns5:ShareCapital2024-03-3100659934ns5:ShareCapital2023-03-3100659934ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3100659934ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3100659934ns5:RetainedEarningsAccumulatedLosses2024-03-3100659934ns5:RetainedEarningsAccumulatedLosses2023-03-3100659934ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3100659934ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 00659934




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

N M FOX (INVESTMENTS) LIMITED

N M FOX (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00659934)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

N M FOX (INVESTMENTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr A S Fox
Dr M F R Fox





SECRETARY: Dr M F R Fox





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 00659934





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

N M FOX (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00659934)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 6,512,098 6,512,098

CURRENT ASSETS
Debtors 6 41,908 107,591
Investments 7 1,163,776 794,131
Cash at bank 166,469 148,881
1,372,153 1,050,603
CREDITORS
Amounts falling due within one year 8 131,525 131,505
NET CURRENT ASSETS 1,240,628 919,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,752,726

7,431,196

PROVISIONS FOR LIABILITIES 795,481 780,622
NET ASSETS 6,957,245 6,650,574

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable fair value
reserve 2,418,425 2,418,425
Retained earnings 4,538,720 4,232,049
SHAREHOLDERS' FUNDS 6,957,245 6,650,574

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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:



Dr A S Fox - Director


N M FOX (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00659934)

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


1. GENERAL INFORMATION

N M Fox Investments Limited is a private company limited by shares and incorporated in England and Wales. It's registered office address is Harben House, Harben Parade, Finchley Road, London, NW3 6LH.

2. STATEMENT OF COMPLIANCE

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. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of the financial reporting standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Under Companies Act 2006, Section 454, on a voluntary basis, the directors can amend the financial statements if they subsequently proved to be defective.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable on investment properties excluding value added tax.

Investment property
In accordance with Section 16 of Investment Properties of FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", investment properties are measured at cost at initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal, property transfer taxes and other transactions costs.

Investment properties are subsequently measured and included in the accounts at fair value at each year end. Any surplus or deficit on revaluation is recognised initially in the Statement of Comprehensive Income. All revaluation movements are transferred to a non-distributable reserve called "Non-distributable fair value reserve", unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent in which case it remains in the profit and loss account reserve.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


N M FOX (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00659934)

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


3. ACCOUNTING POLICIES - continued
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.

Deferred tax is also provided on revaluation gains, based on the tax which would have been accounted for had the property been sold on the balance sheet date.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 6,512,098
NET BOOK VALUE
At 31 March 2024 6,512,098
At 31 March 2023 6,512,098

The investment properties have been valued at the balance sheet date by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,415 26,709
Letting agents account 14,354 39,572
Other debtors - 2,310
Prepayments and accrued income 2,139 39,000
41,908 107,591

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 1,163,776 794,131

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 229
Taxation and social security 105,789 74,577
Other creditors 25,736 56,699
131,525 131,505

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
N M FOX (INVESTMENTS) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of N M Fox (Investments) Limited for the year ended 31 March 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that N M Fox (Investments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N M Fox (Investments) Limited. You consider that N M Fox (Investments) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N M Fox (Investments) 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 financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


18 November 2024