IRIS Accounts Production v25.1.4.42 04326480 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043264802023-12-31043264802024-12-31043264802024-01-012024-12-31043264802022-12-31043264802023-01-012023-12-31043264802023-12-3104326480ns15:EnglandWales2024-01-012024-12-3104326480ns14:PoundSterling2024-01-012024-12-3104326480ns10:Director12024-01-012024-12-3104326480ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104326480ns10:SmallEntities2024-01-012024-12-3104326480ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104326480ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104326480ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104326480ns10:FullAccounts2024-01-012024-12-3104326480ns10:OrdinaryShareClass12024-01-012024-12-3104326480ns10:Director22024-01-012024-12-3104326480ns10:Director32024-01-012024-12-3104326480ns10:Director42024-01-012024-12-3104326480ns10:CompanySecretary12024-01-012024-12-3104326480ns10:RegisteredOffice2024-01-012024-12-3104326480ns5:CurrentFinancialInstruments2024-12-3104326480ns5:CurrentFinancialInstruments2023-12-3104326480ns5:ShareCapital2024-12-3104326480ns5:ShareCapital2023-12-3104326480ns5:SharePremium2024-12-3104326480ns5:SharePremium2023-12-3104326480ns5:RetainedEarningsAccumulatedLosses2024-12-3104326480ns5:RetainedEarningsAccumulatedLosses2023-12-3104326480ns5:LandBuildings2023-12-3104326480ns5:LandBuildings2024-12-3104326480ns5:LandBuildings2023-12-3104326480ns5:DeferredTaxation2023-12-3104326480ns5:DeferredTaxation2024-01-012024-12-3104326480ns5:DeferredTaxation2024-12-3104326480ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 04326480 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FOULDS INVESTMENTS LIMITED

FOULDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04326480)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOULDS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







Directors: Mrs K V Carroll
Mrs J R Foulds
Mr C D Foulds
Mr R Foulds





Secretary: Mrs J R Foulds





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 04326480 (England and Wales)

FOULDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04326480)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 1,220,000 1,220,000

Current assets
Debtors 5 2,381 -
Cash at bank 39,831 42,037
42,212 42,037
Creditors
Amounts falling due within one year 6 (72,026 ) (69,739 )
Net current liabilities (29,814 ) (27,702 )
Total assets less current liabilities 1,190,186 1,192,298

Provisions for liabilities 7 (169,941 ) (129,156 )
Net assets 1,020,245 1,063,142

Capital and reserves
Called up share capital 8 5,000 5,000
Share premium 307,312 307,312
Retained earnings 707,933 750,830
Shareholders' funds 1,020,245 1,063,142

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

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

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 Income and Retained Earnings 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:





Mr C D Foulds - Director


FOULDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04326480)

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

1. STATUTORY INFORMATION

Foulds Investments 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the Statement of Comprehensive Income.

This is in accordance with FRS 102 1A which, unlike Part 15 to the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

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

FOULDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04326480)

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

2. ACCOUNTING POLICIES - continued

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The directors have considered the fair value of the investment properties at the reporting date, which has been calculated based on historic professional valuations and review of trends in the property market. The methods and significant assumptions applied in determining the fair value of the investment properties include consideration into: property market trends local to the investment properties, recent property sales local to the investment properties, rental yields of the properties and the condition of the properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land &
buildings
£
Cost
At 1 January 2024
and 31 December 2024 1,220,000
Net book value
At 31 December 2024 1,220,000
At 31 December 2023 1,220,000

The investment properties were revalued by the directors at the balance sheet date at an open market value.

The historical cost of the freehold property is £354,711.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,381 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 39,397 36,928
VAT 1,642 1,824
Other creditors 555 555
Directors' loan accounts 2,750 2,750
Accruals and deferred income 27,682 27,682
72,026 69,739

7. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 169,941 129,156

Deferred tax
£
Balance at 1 January 2024 129,156
Provided during year 40,785
Balance at 31 December 2024 169,941

FOULDS INVESTMENTS LIMITED (REGISTERED NUMBER: 04326480)

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

7. PROVISIONS FOR LIABILITIES - continued

This is due to a property revaluation in 2016.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
5,000 Ordinary £1 5,000 5,000