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REGISTERED NUMBER: 01938521 (England and Wales)















Unaudited Financial Statements

For The Year Ended 30 June 2024

for

FOYE ESTATES LIMITED

FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOYE ESTATES LIMITED

Company Information
For The Year Ended 30 June 2024







DIRECTORS: G Peters
S Peters





SECRETARY: G Peters





REGISTERED OFFICE: 16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE





REGISTERED NUMBER: 01938521 (England and Wales)





ACCOUNTANTS: LBCo Ltd
T/A Lees-Buckley & Co
16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE

FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,827 51,611
Investment property 5 1,192,000 1,192,000
1,257,827 1,243,611

CURRENT ASSETS
Stocks 1,469 2,099
Debtors 6 9,281 3,750
Cash at bank 36,420 73,145
47,170 78,994
CREDITORS
Amounts falling due within one year 7 162,727 179,664
NET CURRENT LIABILITIES (115,557 ) (100,670 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,142,270

1,142,941

CREDITORS
Amounts falling due after more than one year 8 11,197 16,169
NET ASSETS 1,131,073 1,126,772

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non Distributable Reserve 10 737,218 737,218
Retained earnings 10 393,755 389,454
SHAREHOLDERS' FUNDS 1,131,073 1,126,772

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521)

Balance Sheet - continued
30 June 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 11 April 2025 and were signed on its behalf by:





G Peters - Director


FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Foye Estates 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 on all other tangible fixed assets at rates calculated to write off each asset over its expected useful life as follows:

Plant and equipment - 20% on cost.

Investment property
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation is provided in respect of freehold investment properties or on property improvements.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Property Plant and Computer
improvements equipment equipment Totals
£    £    £    £   
COST
At 1 July 2023 50,614 13,100 - 63,714
Additions 6,837 9,000 502 16,339
At 30 June 2024 57,451 22,100 502 80,053
DEPRECIATION
At 1 July 2023 - 12,103 - 12,103
Charge for year - 2,023 100 2,123
At 30 June 2024 - 14,126 100 14,226
NET BOOK VALUE
At 30 June 2024 57,451 7,974 402 65,827
At 30 June 2023 50,614 997 - 51,611

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,192,000
NET BOOK VALUE
At 30 June 2024 1,192,000
At 30 June 2023 1,192,000

There was no revaluation of the investment property as at 30th June 2023. In the opinion of the directors at 30th June 2023 there was no material difference between the book and the fair value of the property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 9,281 3,750

FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 2,025 13,345
Other creditors 160,702 166,319
162,727 179,664

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 11,197 16,169

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Non
Retained Distributable
earnings Reserve Totals
£    £    £   

At 1 July 2023 389,454 737,218 1,126,672
Profit for the year 22,801 22,801
Dividends (18,500 ) (18,500 )
At 30 June 2024 393,755 737,218 1,130,973

11. RELATED PARTY DISCLOSURES

Including in creditors is a loan from Tiger Tees Limited of £11,287 (2023: £11.287). a company of which Mr G Peters is a director.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Peters by virtue of his ownership of 55% of the issued ordinary share capital in the company.