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REGISTERED NUMBER: 02898969 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FOXLEYHALL LIMITED

FOXLEYHALL LIMITED (REGISTERED NUMBER: 02898969)

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


FOXLEYHALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: K J O'Callaghan





SECRETARY: Mrs J K O'Callaghan





REGISTERED OFFICE: 16 South End
Croydon
Surrey
CR0 1DN





REGISTERED NUMBER: 02898969 (England and Wales)





ACCOUNTANTS: Averillo & Associates
Chartered Accountants
16 South End
Croydon
Surrey
CR0 1DN

FOXLEYHALL LIMITED (REGISTERED NUMBER: 02898969)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57 76
Investments 5 100 100
Investment property 6 2,275,219 2,275,219
2,275,376 2,275,395

CURRENT ASSETS
Debtors 7 44,128 5,828
Cash at bank 15,510 15,362
59,638 21,190
CREDITORS
Amounts falling due within one year 8 189,905 214,858
NET CURRENT LIABILITIES (130,267 ) (193,668 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,145,109 2,081,727

CREDITORS
Amounts falling due after more than one
year

9

551,212

472,054
NET ASSETS 1,593,897 1,609,673

CAPITAL AND RESERVES
Called up share capital 12 5 5
Revaluation reserve 13 1,131,400 1,131,400
Retained earnings 13 462,492 478,268
SHAREHOLDERS' FUNDS 1,593,897 1,609,673

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 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.

FOXLEYHALL LIMITED (REGISTERED NUMBER: 02898969)

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 director and authorised for issue on 30 December 2024 and were signed by:





K J O'Callaghan - Director


FOXLEYHALL LIMITED (REGISTERED NUMBER: 02898969)

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


1. STATUTORY INFORMATION

Foxleyhall 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Foxleyhall Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

FOXLEYHALL LIMITED (REGISTERED NUMBER: 02898969)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 8,640 4,157 7,869 20,666
DEPRECIATION
At 1 April 2023 8,616 4,148 7,826 20,590
Charge for year 6 2 11 19
At 31 March 2024 8,622 4,150 7,837 20,609
NET BOOK VALUE
At 31 March 2024 18 7 32 57
At 31 March 2023 24 9 43 76

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Airspace UK Limited
Registered office:
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 194,801 165,272
Profit for the year 29,628 26,636

FOXLEYHALL LIMITED (REGISTERED NUMBER: 02898969)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,275,219
NET BOOK VALUE
At 31 March 2024 2,275,219
At 31 March 2023 2,275,219

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 1,131,400
Cost 1,143,819
2,275,219

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,143,819 1,143,819

The investment properties were valued on an open market basis basis on 31 March 2020 by the director .

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 38,300 -

Amounts falling due after more than one year:
Other debtors 5,828 5,828

Aggregate amounts 44,128 5,828

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 3,751 3,200
Other loans (see note 10) 180,611 180,611
Other creditors 5,489 5,590
Directors' current account 54 25,457
189,905 214,858

FOXLEYHALL LIMITED (REGISTERED NUMBER: 02898969)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 468,812 464,054
Other loans (see note 10) 82,400 8,000
551,212 472,054

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,751 3,200
Other loans 180,611 180,611
184,362 183,811

Amounts falling due between one and two years:
Other loans 82,400 8,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 468,812 464,054

11. SECURED DEBTS

Bank loans of £457,099 (2022: £450,420) are secured on the investment properties.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2
1 "B" non voting £1 1 1
1 "C" non voting £1 1 1
1 "D" non voting £1 1 1
5 5

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 478,268 1,131,400 1,609,668
Deficit for the year (9,776 ) (9,776 )
Dividends (6,000 ) (6,000 )
At 31 March 2024 462,492 1,131,400 1,593,892

FOXLEYHALL LIMITED (REGISTERED NUMBER: 02898969)

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


14. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 (2023 - £2,000) were paid to the director .

Management fees includes £9,600 (2023: £8,049) receivable form Mr K J O'Callaghan. No amount was outstanding at the year end.

15. ULTIMATE CONTROLLING PARTY

The controlling party is K J O'Callaghan.