Registered number
09743820
Ceefox Properties Limited
Filleted Accounts
30 June 2024
Ceefox Properties Limited
Registered number: 09743820
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,569,111 2,572,649
Current assets
Stocks 8,912 8,912
Debtors 5 13,923 14,094
Cash at bank and in hand 63,015 116,492
85,850 139,498
Creditors: amounts falling due within one year 6 (2,568,547) (2,660,382)
Net current liabilities (2,482,697) (2,520,884)
Net assets 86,414 51,765
Capital and reserves
Called up share capital 100 100
Profit and loss account 86,314 51,665
Shareholders' funds 86,414 51,765
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Carol Foxcroft
Director
Approved by the board on 27 January 2025
Ceefox Properties Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rentals received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Geoffrey Little FCA,CTA
Firm: Bell Anderson Limited
Date of audit report: 27 January 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 2,558,497 74,692 2,633,189
At 30 June 2024 2,558,497 74,692 2,633,189
Depreciation
At 1 July 2023 - 60,540 60,540
Charge for the year - 3,538 3,538
At 30 June 2024 - 64,078 64,078
Net book value
At 30 June 2024 2,558,497 10,614 2,569,111
At 30 June 2023 2,558,497 14,152 2,572,649
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 13,923 13,923
Other debtors - 171
13,923 14,094
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,556,056 2,656,056
Taxation and social security costs 12,491 4,326
2,568,547 2,660,382
7 Controlling party
The company is controlled by Ceefox Holdings Limited, a company incorporated in England & Wales. The ultimate ontrolling party is Mrs Carol Foxcroft by virtue of her holding 100% of the issued share capital of the parent company.
8 Other information
Ceefox Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Adelaide Row
Seaham
Co. Durham
SR7 7EF
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