REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024 |
FOR |
ALEXANDRA FOX NORTH LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024 |
FOR |
ALEXANDRA FOX NORTH LTD |
ALEXANDRA FOX NORTH LTD (REGISTERED NUMBER: 10790331) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 July 2023 to 29 June 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ALEXANDRA FOX NORTH LTD |
COMPANY INFORMATION |
for the Period 1 July 2023 to 29 June 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
ALEXANDRA FOX NORTH LTD (REGISTERED NUMBER: 10790331) |
STATEMENT OF FINANCIAL POSITION |
29 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves | 12 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
ALEXANDRA FOX NORTH LTD (REGISTERED NUMBER: 10790331) |
STATEMENT OF FINANCIAL POSITION - continued |
29 June 2024 |
The financial statements were approved by the director and authorised for issue on |
ALEXANDRA FOX NORTH LTD (REGISTERED NUMBER: 10790331) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 July 2023 to 29 June 2024 |
1. | STATUTORY INFORMATION |
Alexandra Fox North Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Alexandra Fox North Ltd 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. |
Turnover |
Turnover comprises the net rentals receivable, excluding value added tax, and arose wholly in the United Kingdom. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Tangible fixed assets are recorded at cost less depreciation and impairment. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
Financial instruments |
Short term financial assets, including trade, other debtors, creditors and related undertakings, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due. |
Short term financial liabilities, including trade and other creditors and bank balances, are measured at the |
transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. |
Taxation |
Taxation for the period 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 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. |
ALEXANDRA FOX NORTH LTD (REGISTERED NUMBER: 10790331) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 July 2023 to 29 June 2024 |
2. | 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 period 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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Government income |
The company has claimed monies from HMRC and local Government as part of the Government COVID-19 grant scheme. This is recognised immediately the benefit becomes due. |
Impairment of assets |
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss. |
Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2023 - NIL). |
ALEXANDRA FOX NORTH LTD (REGISTERED NUMBER: 10790331) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 July 2023 to 29 June 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2023 |
and 29 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
At 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 30 June 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2023 |
and 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 30 June 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2023 |
Disposals | ( |
) |
At 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 30 June 2023 |
The investment properties have been revalued and included at their fair value at 29 June 2024 as determined by the director. |
ALEXANDRA FOX NORTH LTD (REGISTERED NUMBER: 10790331) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 July 2023 to 29 June 2024 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Social security and other taxes |
Other creditors |
Directors' current accounts | 2,233,040 | 2,315,885 |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Hire purchase contracts |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
Hire purchase contracts | 40,145 | 64,677 |
Bank loans are secured by way of a legal charge against investment properties together with a personal guarantee from a director. |
Hire purchase contracts are secured on the assets concerned. |
11. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 142,667 | 178,792 |
ALEXANDRA FOX NORTH LTD (REGISTERED NUMBER: 10790331) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 July 2023 to 29 June 2024 |
11. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 July 2023 |
Credit to Income Statement during period | ( |
) |
Balance at 29 June 2024 |
12. | RESERVES |
Retained | Other |
earnings | reserves | Totals |
£ | £ | £ |
At 1 July 2023 | 2,083,797 |
Deficit for the period | ( |
) | ( |
) |
Reserve transfer deferred tax | (36,125 | ) | 36,125 | - |
Reserve transfer on disposal | 144,498 | (144,498 | ) | - |
At 29 June 2024 | 2,042,043 |
Other reserves relate to non distributable profit and loss relating to the revaluation amount of investment |
properties, together with deferred taxation thereon. |
13. | GUARANTEES |
The company has total operating lease commitments amounting to £9,780 (2023: £27.553). |
A director has provided a personal guarantee amounting to £35,000 (2023: £35,000). |
14. | 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. |