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REGISTERED NUMBER: 07906655 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Foxstor Ltd

Foxstor Ltd (Registered number: 07906655)






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

Report of the Accountants 7

Foxstor Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Challenger
H F Challenger
C J Challenger
P M Challenger





REGISTERED OFFICE: Unit 158 Avenue B
Thorp Arch Estate
Wetherby
LS23 7BJ





REGISTERED NUMBER: 07906655 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

Foxstor Ltd (Registered number: 07906655)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,000 1,000
Investment property 5 512,935 140,367
513,935 141,367

CURRENT ASSETS
Debtors 6 - 512
Cash at bank 4,217 186,656
4,217 187,168
CREDITORS
Amounts falling due within one year 7 44,237 6,130
NET CURRENT (LIABILITIES)/ASSETS (40,020 ) 181,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,915

322,405

PROVISIONS FOR LIABILITIES 14,908 -
NET ASSETS 459,007 322,405

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 44,725 -
Retained earnings 413,282 321,405
459,007 322,405

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.

Foxstor Ltd (Registered number: 07906655)

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 21 November 2024 and were signed on its behalf by:





C J Challenger - Director


Foxstor Ltd (Registered number: 07906655)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Foxstor 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 4 ).

Foxstor Ltd (Registered number: 07906655)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000
At 31 March 2023 1,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 140,367
Additions 312,935
Revaluations 59,633
At 31 March 2024 512,935
NET BOOK VALUE
At 31 March 2024 512,935
At 31 March 2023 140,367

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 59,633
Cost 453,302
512,935

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 453,302 -

Investment Property was valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 512

Foxstor Ltd (Registered number: 07906655)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 2,786 1,444
Other creditors 41,451 4,686
44,237 6,130

8. RESERVES
Revaluation
reserve
£   
Transfer 44,725

At 31 March 2024 44,725

The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders.

Revaluations £59,633 less deferred tax £14,908, non-distributable reserve £44,725

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £40,000 owed to the directors. A commercial rate of interest is being charged on this outstanding balance

10. RELATED PARTY DISCLOSURES

There is a loan from Silverfox Global Limited a company wholly owned by Foxstor of £720. This is repayable upon demand.

Foxstor Ltd

Report of the Accountants to the Directors of
Foxstor Ltd

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................