Company Registration No. 04029261 (England and Wales)
Fox Investments Limited
Unaudited accounts
for the year ended 31 December 2024
Fox Investments Limited
Unaudited accounts
Contents
Fox Investments Limited
Company Information
for the year ended 31 December 2024
Company Number
04029261 (England and Wales)
Registered Office
Fox Investments Ltd
1 Mercer Street
London
London
WC2H 9QJ
England
Fox Investments Limited
Statement of financial position
as at 31 December 2024
Investment property
100,000
100,000
Investments
26,597,572
35,105,580
Cash at bank and in hand
1,529,728
1,460,518
Creditors: amounts falling due within one year
(4,624,259)
(12,638,218)
Net current liabilities
(2,177,581)
(10,260,752)
Net assets
24,519,992
24,944,829
Called up share capital
26,820,360
26,820,360
Revaluation reserve
(212,499)
(722,677)
Profit and loss account
(2,087,869)
(1,152,854)
Shareholders' funds
24,519,992
24,944,829
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2025 and were signed on its behalf by
I H Abrahams
Director
Company Registration No. 04029261
Fox Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
Fox Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 04029261. The registered office is Fox Investments Ltd, 1 Mercer Street , London, London, WC2H 9QJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The entity has elected to apply the provisions of IAS 39 in lieu of the FRS 102 treatment of financial assets.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The accounts are presented in £ sterling.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fox Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Plant & machinery
2.5 to 5 years
Motor vehicles
4 to 5 years
Fixtures & fittings
3 years
Computer equipment
3 years
Investment properties are initially recognised at cost, being the fair value of the consideration given, including acquisition costs associated with the investment property. After initial recognition, investment properties are measured at fair value, with unrealised gains and losses recognised in the Statement of Comprehensive Income. Fair value is based on the market value, at the balance sheet date, of the properties as provided by the director.
Subsequent costs, including reverse lease premiums, are capitalised to the extent that such costs have an ongoing benefit to the property.
The director has decided to show the movement on revaluation of investment properties within other comprehensive income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the consolidated statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Fox Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
317,932
114,217
16,770
448,919
At 31 December 2024
317,932
114,217
16,770
448,919
At 1 January 2024
317,931
114,217
16,770
448,918
At 31 December 2024
317,931
114,217
16,770
448,918
At 31 December 2024
1
-
-
1
At 31 December 2023
1
-
-
1
Fair value at 1 January 2024
100,000
At 31 December 2024
100,000
The 2021 valuations were made by the director, on an open market value for existing use basis.
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Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 January 2024
32,535,559
2,570,021
35,105,580
Disposals
(8,493,310)
(14,698)
(8,508,008)
Valuation at 31 December 2024
24,042,249
2,555,323
26,597,572
Amounts falling due within one year
Amounts due from group undertakings etc.
380,103
380,103
Amounts falling due after more than one year
Other debtors
536,847
536,845
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Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
3,738,173
3,259,173
Taxes and social security
202,138
193,314
Other creditors
211,948
8,785,731
Fox Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
70,510 70,510 (2020 -70,510) Ordinary shares of £1.00 each of £1 each
70,510
70,510
10,787,800 10,787,800 (2020 -10,787,800) Pref A shares of £1.00 each of £1 each
10,787,800
10,787,800
13,174,243 13,174,243 (2020 -13,174,243) Pref B shares of £1.00 each of £1 each
13,174,243
13,174,243
2,787,807 2,787,807 (2020 -2,787,807) Pref C shares of £1.00 each of £1 each
2,787,807
2,787,807
Fox Investments (Holdings) Limited, a company registered in England and Wales, is the ultimate parent undertaking. The ultimate controlling party is I H Abrahams.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).