ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 10498017

FOX AND PHEASANT LAND LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

FOX AND PHEASANT LAND LIMITED

REGISTERED NUMBER: 10498017

BALANCE SHEET

AS AT 31 MARCH 2025

	Period ended 31 March	Year ended 30 November
	2025	2023
Note	£	£

Fixed assets
Investment property	4		355,000		355,000
Current assets
Debtors: amounts falling due within one year	5	24,449		-
Cash at bank and in hand		9,126		100
		33,575		100
Creditors: amounts falling due within one year	6	(302,432)		(300,675)
Net current liabilities			(268,857)		(300,575)
Total assets less current liabilities			86,143		54,425

Net assets			86,143		54,425

Capital and reserves
Called up share capital	100	100
Profit and loss account	86,043	54,325
	86,143	54,425

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FOX AND PHEASANT LAND LIMITED

REGISTERED NUMBER: 10498017

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 December 2025.

R R Browning

Director

The notes on pages 3 to 5 form part of these financial statements.

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FOX AND PHEASANT LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Fox and Pheasant Land Limited is a private company limited by shares, incorporated in England and Wales (registered number: 10498017). Its registered office is Teybrook Farm, Brook Road, Great Tey, Colchester, CO6 1JE. The principal activity of the Company throughout the year continued to be that of property rental.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

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

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FOX AND PHEASANT LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	Employees
	The average monthly number of employees, including directors, during the period was 1 (2024 - 1).

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FOX AND PHEASANT LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 December 2023	355,000
	At 31 March 2025	355,000

	Comprising
	Cost	355,000
	At 31 March 2025	355,000

The 2025 valuations were made by the director, on an open market value for existing use basis.

Debtors


					2025	2023
					£	£


Trade debtors	1,100	-
Other debtors	23,349	-
	24,449	-

Corporation tax	10,572	5,651
Other creditors	290,645	295,024
Accruals and deferred income	1,215	-
	302,432	300,675

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