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REGISTERED NUMBER: 12014570 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2024

for

Fox Properties (East Midlands) Limited

Fox Properties (East Midlands) Limited (Registered number: 12014570)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fox Properties (East Midlands) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: R L Fox
Mrs K Fox





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 12014570 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Fox Properties (East Midlands) Limited (Registered number: 12014570)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 135,000 120,000

CURRENT ASSETS
Debtors 5 255 595
Cash at bank 6,278 4,257
6,533 4,852
CREDITORS
Amounts falling due within one year 6 118,975 60,260
NET CURRENT LIABILITIES (112,442 ) (55,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,558

64,592

CREDITORS
Amounts falling due after more than one
year

7

-

(56,836

)

PROVISIONS FOR LIABILITIES (4,300 ) (1,500 )
NET ASSETS 18,258 6,256

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 42,219 30,019
Retained earnings (24,061 ) (23,863 )
SHAREHOLDERS' FUNDS 18,258 6,256

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.

Fox Properties (East Midlands) Limited (Registered number: 12014570)

Balance Sheet - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





R L Fox - Director


Fox Properties (East Midlands) Limited (Registered number: 12014570)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Fox Properties (East Midlands) 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 represents amounts receivable for rents and is recognised in the period to which it relates.

Investment property
Investment property is not depreciated but is revalued annually at its fair value in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provision made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 120,000
Revaluations 15,000
At 31 October 2024 135,000
NET BOOK VALUE
At 31 October 2024 135,000
At 31 October 2023 120,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 135,000

Fox Properties (East Midlands) Limited (Registered number: 12014570)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 88,481 88,481
Aggregate depreciation (9,733 ) (7,964 )

Investment property was valued on a fair value basis on 31 October 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 255 595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,846 -
Trade creditors 960 -
Owed to related parties 56,662 55,801
Directors' current accounts 3,500 3,500
Accrued expenses 1,007 959
118,975 60,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan - 56,836

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 56,846 56,836

The bank loan is secured on investment property.

Fox Properties (East Midlands) Limited (Registered number: 12014570)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. RESERVES
Fair
value
reserve
£   
At 1 November 2023 30,019
Revaluations 15,000
Transfer deferred tax (2,800 )

At 31 October 2024 42,219