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Registration number: 03745902

Aaron Fox Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Aaron Fox Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Aaron Fox Limited

Company Information

Directors | Mr AL Parsons Mr M Scott

Company secretary | Mr M Scott

Registered office | C/o Wortham Jaques 130A High Street Crediton Devon EX17 3LQ

Accountants | Wortham Jaques Limited Chartered Accountants & Business Advisers130a High Street, Crediton, Devon EX17 3LQ

Aaron Fox Limited

(Registration number: 03745902)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 175,000 | 175,000
Other financial assets | 5 | 17 | 17
|  | 175,017 | 175,017
Current assets |  |  |
Cash at bank and in hand |  | 3,245 | 1,856
Creditors: Amounts falling due within one year | 6 | (8,486) | (6,963)
Net current liabilities |  | (5,241) | (5,107)
Total assets less current liabilities |  | 169,776 | 169,910
Provisions for liabilities |  | (10,923) | (10,923)
Net assets |  | 158,853 | 158,987
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Revaluation reserve |  | 46,559 | 46,559
Retained earnings |  | 112,194 | 112,328
Shareholders' funds |  | 158,853 | 158,987

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 December 2025 and signed on its behalf by:

......................................... Mr AL Parsons Director

Aaron Fox Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Wortham Jaques
130A High Street
Crediton
Devon
EX17 3LQ
United Kingdom

The principal place of business is:
Clyst Court
Hill Barton Business Park
Devon
EX5 1SA

These financial statements were authorised for issue by the Board on 8 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Aaron Fox Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Investment properties

| 2025 £
At 1 April | 175,000
At 31 March | 175,000

The valuation of the fair value of the property at each year end was undertaken by Mr A Parsons FRICS, who is a director of the company.

There has been no valuation of investment property by an independent valuer.

Aaron Fox Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 April 2024 | 17 | 17
At 31 March 2025 | 17 | 17
Impairment
Carrying amount
At 31 March 2025 | 17 | 17

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 294 | 89
Taxation and social security | 4,279 | 3,011
Accruals and deferred income | 3,913 | 3,863
| 8,486 | 6,963

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £101.52 (2024 - £101.52) per ordinary share |  | 10,152 |  | 10,152

Aaron Fox Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9 | Related party transactions

Dividends paid to directors

|  | 2025 £ |  | 2024 £
Mr AL Parsons |  |  |  |
Dividends paid to director |  | 5,076 |  | 5,076
Mr M Scott |  |  |  |
Dividends paid to director |  | 5,076 |  | 5,076

Summary of transactions with other related parties

Lynx House Limited Directors in common
The company paid Lynx House for management service charges of £205 (2024 - £167) during the year.

10 | Parent and ultimate parent undertaking

The ultimate controlling party is the company's directors.