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REGISTERED NUMBER: 11300176 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025

FOR

FOX PMI LTD

FOX PMI LTD (REGISTERED NUMBER: 11300176)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FOX PMI LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025







DIRECTORS: Mr R Fox
Mrs C L Fox



REGISTERED OFFICE: c/o Michael Heaven & Associates Limited
47 Calthorpe Road
Edgbaston
BIRMINGHAM
West Midlands
B15 1TH



REGISTERED NUMBER: 11300176 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: Lloyds Bank PLC
Oldham
Birmingham OSC 4, Ariel House
2138 Coventry Road
Sheldon
Birmingham
B26 3JW



INCORPORATED: 9th April 2018

FOX PMI LTD (REGISTERED NUMBER: 11300176)

ABRIDGED BALANCE SHEET
30TH JUNE 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 599
Investment property 5 2,772,500 3,670,000
2,772,500 3,670,599

CURRENT ASSETS
Debtors 306,621 98,726
Cash at bank 117,373 247,890
423,994 346,616
CREDITORS
Amounts falling due within one year 74,529 2,441,865
NET CURRENT ASSETS/(LIABILITIES) 349,465 (2,095,249 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,121,965

1,575,350

CREDITORS
Amounts falling due after more than one
year

(1,575,284

)

-

PROVISIONS FOR LIABILITIES 7 (61,087 ) (67,346 )
NET ASSETS 1,485,594 1,508,004

CAPITAL AND RESERVES
Called up share capital 8 1,001 1,001
Share premium 1,304,271 1,304,271
Transfer to undistributable revenue
reserve

391,421

201,560
Retained earnings (211,099 ) 1,172
SHAREHOLDERS' FUNDS 1,485,594 1,508,004

FOX PMI LTD (REGISTERED NUMBER: 11300176)

ABRIDGED BALANCE SHEET - continued
30TH JUNE 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30th June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31st July 2025 and were signed on its behalf by:





Mr R Fox - Director


FOX PMI LTD (REGISTERED NUMBER: 11300176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025


1. STATUTORY INFORMATION

Fox PMI Ltd 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 rents received from property letting and is recognised as revenue based on tenancy agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

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 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.


FOX PMI LTD (REGISTERED NUMBER: 11300176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025


2. ACCOUNTING POLICIES - continued
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 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Mortgages are initially measured at fair value and are measured subsequently as a basic financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

FOX PMI LTD (REGISTERED NUMBER: 11300176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2024 1,199
Disposals (1,199 )
At 30th June 2025 -
DEPRECIATION
At 1st May 2024 600
Charge for period 300
Eliminated on disposal (900 )
At 30th June 2025 -
NET BOOK VALUE
At 30th June 2025 -
At 30th April 2024 599

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2024 3,670,000
Additions 853,739
Disposals (1,745,000 )
Revaluations (6,239 )
At 30th June 2025 2,772,500
NET BOOK VALUE
At 30th June 2025 2,772,500
At 30th April 2024 3,670,000

FOX PMI LTD (REGISTERED NUMBER: 11300176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025


5. INVESTMENT PROPERTY - continued

Fair value at 30th June 2025 is represented by:
£   
Valuation in 2024 458,747
Valuation in 2025 (6,239 )
Cost 2,319,992
2,772,500

In the directors' opinion the current carrying value of all investment properties is reflective of the current market values.

6. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,188 2,175,612

Amounts falling due between one and two years:
Bank loans 17,299 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,557,985 -

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 61,087 67,346

FOX PMI LTD (REGISTERED NUMBER: 11300176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st May 2024 67,346
Movement (6,259 )
Balance at 30th June 2025 61,087

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
456 Ordinary A £1 456 456
1 Ordinary B £1 1 1
195 Ordinary C £1 195 195
161 Ordinary D £1 161 161
138 Ordinary E £1 138 138
50 Ordinary F £1 50 50
1,001 1,001

FOX PMI LTD (REGISTERED NUMBER: 11300176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2024 TO 30TH JUNE 2025


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30th June 2025 and the year ended 30th April 2024:

2025 2024
£    £   
Mr R Fox
Balance outstanding at start of period (234,610 ) (13,756 )
Amounts advanced 538,959 274,955
Amounts repaid (38,421 ) (495,809 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 265,928 (234,610 )

During the period the company made interest-free, unsecured loans of £11,000 each to the director’s parents. The loans are repayable on demand. The total outstanding at the period end was £22,000.