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REGISTERED NUMBER: 06452996 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

FOSS HOLDINGS LIMITED

FOSS HOLDINGS LIMITED (REGISTERED NUMBER: 06452996)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


FOSS HOLDINGS LIMITED (REGISTERED NUMBER: 06452996)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 190,666 233,626
Investments 6 1,768,339 1,568,632
Investment property 7 42,291,305 42,206,328
44,250,310 44,008,586

CURRENT ASSETS
Debtors 8 4,639,745 7,502,494
Cash at bank and in hand 9,083,622 5,925,623
13,723,367 13,428,117
CREDITORS
Amounts falling due within one year 9 218,183 1,285,429
NET CURRENT ASSETS 13,505,184 12,142,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,755,494

56,151,274

PROVISIONS FOR LIABILITIES 2,942,051 2,791,717
NET ASSETS 54,813,443 53,359,557

CAPITAL AND RESERVES
Called up share capital 1,429 1,429
Share premium 7,914,259 7,914,259
Fair value reserve 10 8,777,239 8,777,239
Retained earnings 38,120,516 36,666,630
SHAREHOLDERS' FUNDS 54,813,443 53,359,557

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

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

FOSS HOLDINGS LIMITED (REGISTERED NUMBER: 06452996)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





Christopher Adam Foss - Director


FOSS HOLDINGS LIMITED (REGISTERED NUMBER: 06452996)

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

1. STATUTORY INFORMATION

Foss Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06452996

Registered office: Chancery House
3 Hatchlands Road
Redhill
Surrey

The presentation currency of the financial statements is the Pound Sterling (£).


All amounts in the financial statements have been rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 Foss Holdings 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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company either as a lessor or a lessee are operating lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
- Determine whether there are indicators of impairment of the company's tangible and intangible assets, including goodwill. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

FOSS HOLDINGS LIMITED (REGISTERED NUMBER: 06452996)

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

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 25% on cost

Improvement to property - 4% on cost

No provision is made for the depreciation of the land assets held by the company.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment. Where merger relief is applicable, the cost of the investment in a subsidiary undertaking is measured at the nominal value of the shares issued together with the fair value of any additional consideration paid.

Investments in unlisted company shares, which have been classified as fixed asset investments as the company intends to hold them on a continuing basis, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Investments in listed company shares, which have been classified as current asset investments, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Financial instruments
Basic financial assets, which include trade debtors, other debtors, loans to fellow group companies and cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently recognised at amortised cost.

Basic financial liabilities, including trade creditors and other creditors, are initially recognised at transaction price and are subsequently recognised at amortised cost.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


FOSS HOLDINGS LIMITED (REGISTERED NUMBER: 06452996)

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

3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful life.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 185,902 84,023 269,925
Additions - 65,500 65,500
Disposals (75,000 ) - (75,000 )
At 31 October 2024 110,902 149,523 260,425
DEPRECIATION
At 1 November 2023 11,865 24,434 36,299
Charge for year 15,823 22,370 38,193
Eliminated on disposal (4,733 ) - (4,733 )
At 31 October 2024 22,955 46,804 69,759
NET BOOK VALUE
At 31 October 2024 87,947 102,719 190,666
At 31 October 2023 174,037 59,589 233,626

FOSS HOLDINGS LIMITED (REGISTERED NUMBER: 06452996)

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

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 200 1,568,432 1,568,632
Additions - 403,815 403,815
Disposals (100 ) (315,891 ) (315,991 )
Revaluations - 250,574 250,574
Reclassification/transfer - (138,691 ) (138,691 )
At 31 October 2024 100 1,768,239 1,768,339
NET BOOK VALUE
At 31 October 2024 100 1,768,239 1,768,339
At 31 October 2023 200 1,568,432 1,568,632

Cost or valuation at 31 October 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - 5,892 5,892
Valuation in 2023 - 13,232 13,232
Valuation in 2024 - 110,864 110,864
Cost 100 1,638,251 1,638,351
100 1,768,239 1,768,339

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 42,206,328
Additions 96,458
Disposals (11,481 )
At 31 October 2024 42,291,305
NET BOOK VALUE
At 31 October 2024 42,291,305
At 31 October 2023 42,206,328

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 11,702,985
Cost 30,588,320
42,291,305

FOSS HOLDINGS LIMITED (REGISTERED NUMBER: 06452996)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,500 87,631
Amounts owed by group undertakings 3,415,009 1,824,754
Other debtors 1,217,236 5,590,109
4,639,745 7,502,494

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 47,739 88,337
Taxation and social security 18,265 73,762
Other creditors 152,179 1,123,330
218,183 1,285,429

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 8,777,239

11. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 33,420 -

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, a total of £1,700 was repaid by the directors.

At the balance sheet date the company was owed £2,359 (2023: £4,059) in total by the directors and the balances are repayable on demand. No interest was charged on the outstanding amounts.

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14. ULTIMATE CONTROLLING PARTY

Foss & Co Group Limited, a company registered in England and Wales, is regarded by the directors as being the company's parent and ultimate parent company. The registered office of Foss & Co Group Limited is Chancery House, 3 Hatchlands Road, Redhill, Surrey RH1 6AA.