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REGISTERED NUMBER: 11457638 (England and Wales)









FOX COMPLEX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






FOX COMPLEX LIMITED (REGISTERED NUMBER: 11457638)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FOX COMPLEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J E Potter
Miss D M Potter





REGISTERED OFFICE: Potter House
Henfaes Lane
Welshpool
Powys
SY21 7BE





REGISTERED NUMBER: 11457638 (England and Wales)

FOX COMPLEX LIMITED (REGISTERED NUMBER: 11457638)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,104,324 2,104,324
2,104,324 2,104,324

CURRENT ASSETS
Debtors 6 172,073 171,933
Cash at bank 25,343 4,515
197,416 176,448
CREDITORS
Amounts falling due within one year 7 1,202,166 664,934
NET CURRENT LIABILITIES (1,004,750 ) (488,486 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,099,574

1,615,838

CREDITORS
Amounts falling due after more than one
year

8

1,115,770

1,584,812
NET (LIABILITIES)/ASSETS (16,196 ) 31,026

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (17,196 ) 30,026
SHAREHOLDERS' FUNDS (16,196 ) 31,026

FOX COMPLEX LIMITED (REGISTERED NUMBER: 11457638)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Miss D M Potter - Director


FOX COMPLEX LIMITED (REGISTERED NUMBER: 11457638)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Fox Complex Limited 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.

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.
Plant and machinery etc - 25% Straight Line

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FOX COMPLEX LIMITED (REGISTERED NUMBER: 11457638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 2,338
DEPRECIATION
At 1 May 2023
and 30 April 2024 2,338
NET BOOK VALUE
At 30 April 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,104,324
NET BOOK VALUE
At 30 April 2024 2,104,324
At 30 April 2023 2,104,324

The directors consider that the fair value of the investment property is not materially different to the original cost of the property, and therefore the investment property fair value has not been revalued from the original cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 91,018 87,740
Other debtors 81,055 84,193
172,073 171,933

FOX COMPLEX LIMITED (REGISTERED NUMBER: 11457638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,000 120,945
Trade creditors 11,519 16,582
Taxation and social security 12,305 10,211
Other creditors 1,118,342 517,196
1,202,166 664,934

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,115,770 1,584,812

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,175,770 1,705,757

The bank loan is secured by a legal charge over the property owned by the company, and also a personal guarantee provided by a director which is supported by legal charges over properties owned personally by the director