Foxhills Investments Limited 13233686 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of other holding companies activities Digita Accounts Production Advanced 6.30.9574.0 true 13233686 2023-03-01 2024-02-29 13233686 2024-02-29 13233686 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-02-29 13233686 core:CurrentFinancialInstruments 2024-02-29 13233686 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13233686 core:Non-currentFinancialInstruments 2024-02-29 13233686 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 13233686 bus:SmallEntities 2023-03-01 2024-02-29 13233686 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13233686 bus:FullAccounts 2023-03-01 2024-02-29 13233686 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13233686 bus:RegisteredOffice 2023-03-01 2024-02-29 13233686 bus:Director2 2023-03-01 2024-02-29 13233686 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13233686 countries:EnglandWales 2023-03-01 2024-02-29 13233686 2022-03-01 2023-02-28 13233686 2023-02-28 13233686 core:CurrentFinancialInstruments 2023-02-28 13233686 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13233686 core:Non-currentFinancialInstruments 2023-02-28 13233686 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13233686

Foxhills Investments Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Foxhills Investments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Foxhills Investments Limited

(Registration number: 13233686)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

20,383

20,383

Current assets

 

Debtors

5

199,883

1,168

Cash at bank and in hand

 

4,189

9,912

 

204,072

11,080

Creditors: Amounts falling due within one year

6

(125,130)

(181,907)

Net current assets/(liabilities)

 

78,942

(170,827)

Total assets less current liabilities

 

99,325

(150,444)

Creditors: Amounts falling due after more than one year

6

(266,198)

-

Net liabilities

 

(166,873)

(150,444)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(166,973)

(150,544)

Shareholders' deficit

 

(166,873)

(150,444)

For the financial year ending 29 February 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 year 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 


A Hannah
Director

 

Foxhills Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 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:
Unit 8 Pinkers Court
Briarland Office Park
Gloucester Road
Rudgeway
Bristol
BS35 3QH

These financial statements were authorised for issue by the Board on 28 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.

Revenue recognition

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Foxhills Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Foxhills Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 March 2023

20,383

20,383

At 29 February 2024

20,383

20,383

Impairment

Carrying amount

At 29 February 2024

20,383

20,383

5

Debtors

Current

2024
£

2023
£

Trade debtors

160

1,068

Other debtors

199,723

100

 

199,883

1,168

 

Foxhills Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

878

1,655

Taxation and social security

1,095

1,138

Accruals and deferred income

1,530

1,440

Other creditors

121,627

177,674

125,130

181,907

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

266,198

-

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

266,198

-