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REGISTERED NUMBER: 03200504 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FOXBY COURT MANAGEMENT LIMITED

FOXBY COURT MANAGEMENT LIMITED (REGISTERED NUMBER: 03200504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOXBY COURT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: G A R Ball
S Fitzpatrick





REGISTERED OFFICE: Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN





REGISTERED NUMBER: 03200504 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

FOXBY COURT MANAGEMENT LIMITED (REGISTERED NUMBER: 03200504)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 590,227 590,266

CURRENT ASSETS
Debtors 5 315,570 314,598
Cash at bank 2,455 2,801
318,025 317,399
CREDITORS
Amounts falling due within one year 6 73,096 70,033
NET CURRENT ASSETS 244,929 247,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,156

837,632

CREDITORS
Amounts falling due after more than one year 7 (266,767 ) (282,216 )

PROVISIONS FOR LIABILITIES (51,697 ) (51,697 )
NET ASSETS 516,692 503,719

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 9 361,352 361,352
Retained earnings 155,336 142,363
SHAREHOLDERS' FUNDS 516,692 503,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

FOXBY COURT MANAGEMENT LIMITED (REGISTERED NUMBER: 03200504)

BALANCE SHEET - continued
31 AUGUST 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 8 May 2025 and were signed on its behalf by:





G A R Ball - Director


FOXBY COURT MANAGEMENT LIMITED (REGISTERED NUMBER: 03200504)

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

1. STATUTORY INFORMATION

Foxby Court Management 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.

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 - 33% on cost and 15% on reducing balance

Land and buildings are included at fair value. Revaluation gains, after adjustment for deferred taxation, are transferred to a fair value reserve.

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.

3. EMPLOYEES AND DIRECTORS

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

FOXBY COURT MANAGEMENT LIMITED (REGISTERED NUMBER: 03200504)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 590,000 36,699 626,699
DEPRECIATION
At 1 September 2023 - 36,433 36,433
Charge for year - 39 39
At 31 August 2024 - 36,472 36,472
NET BOOK VALUE
At 31 August 2024 590,000 227 590,227
At 31 August 2023 590,000 266 590,266

Cost or valuation at 31 August 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 376,351 - 376,351
Cost 213,649 36,699 250,348
590,000 36,699 626,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 315,570 314,598

Other debtors above includes a loan of £314,598 made to Carlton Homes (Godesdone) Limited a company controlled by Mr Ball and Mr Fitzpatrick.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,012 15,012
Trade creditors 2 -
Tax 3,416 2,914
Other creditors 50 -
Directors' loan accounts 52,783 50,189
Accrued expenses 1,833 1,918
73,096 70,033

FOXBY COURT MANAGEMENT LIMITED (REGISTERED NUMBER: 03200504)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 15,827 15,827
Bank loans - 2-5 years 52,826 52,826
Bank loans more 5 yr by instal 198,114 213,563
266,767 282,216

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 198,114 213,563

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 281,779 297,228

9. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 361,352