REGISTERED NUMBER: 06647231 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FOSSE CROSS PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Haines

Mrs J A Hunt

REGISTERED OFFICE:

Unit 3

The Old Quarry Works

Fosse Cross Industrial Estate

CHELTENHAM

Gloucestershire

GL54 4NW

REGISTERED NUMBER:

06647231 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

10,911

11,504

Investment property

5

450,000

450,000

460,911

461,504

CURRENT ASSETS

Cash at bank

2,635

462

CREDITORS

Amounts falling due within one year

6

150,863

154,703

NET CURRENT LIABILITIES

(148,228

)

(154,241

)

TOTAL ASSETS LESS CURRENT LIABILITIES

312,683

307,263

CREDITORS

Amounts falling due after more than one year

7

(63,900

)

(78,623

)

PROVISIONS FOR LIABILITIES

10

(738

)

(2,488

)

NET ASSETS

248,045

226,152

CAPITAL AND RESERVES

Called up share capital

11

200

200

Revaluation reserve

107,510

107,510

Retained earnings

140,335

118,442

SHAREHOLDERS' FUNDS

248,045

226,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

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

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 31 October 2025 and were signed on its behalf by:

Mr M J Haines - Director

1.	STATUTORY INFORMATION

Fosse Cross Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Workshop

-

not provided

Plant and machinery

-

25% on reducing balance and 10% on reducing balance

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.

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Workshop

machinery

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

6,543

13,650

20,193

DEPRECIATION

At 1 February 2024

-

8,689

8,689

Charge for year

-

593

593

At 31 January 2025

-

9,282

9,282

NET BOOK VALUE

At 31 January 2025

6,543

4,368

10,911

At 31 January 2024

6,543

4,961

11,504

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

450,000

NET BOOK VALUE

At 31 January 2025

450,000

At 31 January 2024

450,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2023

109,998

Cost

340,002

450,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts (see note 8)

13,774

14,774

Tax

4,925

2,863

Flag Vehicle Deliveries Ltd

2,771

7,771

Directors' current accounts

127,545

127,545

Accrued expenses

1,848

1,750

150,863

154,703

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans (see note 8)

63,900

78,623

8.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due within one year or on demand:

Bank loans

13,774

14,774

Amounts falling due between one and two years:

Bank loans - 1-2 years

63,900

78,623

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

77,674

93,397

The bank loan is secured by way of a legal over the Investment Property in favour of Nat West Bank plc and dated 4 November 2013.

10.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

738

2,488

Deferred

tax

£

Balance at 1 February 2024

2,488

Provided during year

(1,750

)

Balance at 31 January 2025

738

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

200

Ordinary

£1

200

200