Company No: 04649589 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	29.01.2025		30.01.2024
		£		£
Fixed assets
Investment property	3	225,000		225,000
		225,000		225,000
Current assets
Debtors	4	14,014		0
Cash at bank and in hand		3,320		463
		17,334		463
Creditors: amounts falling due within one year	5	( 208,029)		( 194,493)
Net current liabilities		(190,695)		(194,030)
Total assets less current liabilities		34,305		30,970
Creditors: amounts falling due after more than one year	6	( 333)		( 1,133)
Net assets		33,972		29,837
Capital and reserves
Called-up share capital		1		1
Revaluation reserve		20,102		20,102
Profit and loss account		13,869		9,734
Total shareholder's funds		33,972		29,837

For the financial period ending 29 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Foxrock Developments Limited (registered number: 04649589) were approved and authorised for issue by the Director on 16 December 2025. They were signed on its behalf by:

M R I Ness Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Foxrock Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rents receivable in relation to investment properties which are recognised in the period of occupation of the property by the tenant. 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Period from 31.01.2024 to 29.01.2025		Period from 01.02.2023 to 30.01.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	1		1

3. Investment property

	Investment property
	£
Valuation
As at 31 January 2024	225,000
As at 29 January 2025	225,000

Valuation

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current value of £225,000 (2024 - £225,000).

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	29.01.2025		30.01.2024
	£		£
Historic cost	204,898		204,898

4. Debtors

	29.01.2025		30.01.2024
	£		£
Trade debtors	9,051		0
Other debtors	4,963		0
	14,014		0

5. Creditors: amounts falling due within one year

	29.01.2025		30.01.2024
	£		£
Bank loans	800		800
Trade creditors	2,635		2,533
Taxation and social security	25,849		23,382
Other creditors	178,745		167,778
	208,029		194,493

6. Creditors: amounts falling due after more than one year

	29.01.2025		30.01.2024
	£		£
Bank loans	333		1,133