Foley Park Motors Limited

Foley Park Motors Limited
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025

Principal activities

Principal activity of the company during the financial year was of second hand motor vehicles, plant and equipment, property rental and management consultancy.

Directors

The directors who served the company throughout the year were as follows:

Kim Martyn Smith

Tania Butcher

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

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Kim Martyn Smith
Director

Date approved: 23 December 2025

Registered Number: 02063707 Foley Park Motors Limited
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	193	241
Investments	4	100	100
		293	341
Current assets
Stocks	5	373,965	373,965
Debtors	6	1,200,195	1,148,001
		1,574,160	1,521,966
Creditors: amount falling due within one year	7	(750,362)	(741,233)
Net current assets		823,798	780,733

Total assets less current liabilities		824,091	781,074
Provisions for liabilities	8	(47)	(57)
Net assets		824,044	781,017

Capital and reserves
Called up share capital	9	102	102
Profit and loss account		823,942	780,915
Shareholders' funds		824,044	781,017

For the year ended 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 23 December 2025 and were signed on its behalf by:

-------------------------------
Kim Martyn Smith
Director

Foley Park Motors Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Foley Park Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 02063707, registration address Marlbrook, Newnham Bridge Tenbury Wells, Tenbury, Worcestershire, WR15 8NZ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees and directors Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 April 2024	25,400	25,400
Additions	-	-
Disposals	-	-
At 31 March 2025	25,400	25,400
Depreciation
At 01 April 2024	25,159	25,159
Charge for year	48	48
On disposals	-	-
At 31 March 2025	25,207	25,207
Net book values
Closing balance as at 31 March 2025	193	193
Opening balance as at 01 April 2024	241	241

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	100	100
Additions	-	-
Disposals	-	-
At 31 March 2025	100	100

Stocks

	2025 £		2024 £
Stocks	373,965		373,965
	373,965		373,965

Debtors: amounts falling due within one year

	2025 £	2024 £
Amount Owed by Group Undertakings	413,306	413,306
Called up Share Capital Not Paid	-	2
Other Debtors	786,889	734,512
PAYE & Social Security	-	181
	1,200,195	1,148,001

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	13,826	15,654
PAYE & Social Security	1,061	-
Accrued Expenses	16,813	14,091
Other Creditors	650,000	650,000
Directors' Current Accounts	68,662	61,488
	750,362	741,233

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	47		57
	47		57

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
100 A shares of £1.00 each	100	100
1 Preference A share of £1.00 each	1	1
1 Preference B share of £1.00 each	1	1
	102	102

10.

Related Party Disclosures

MH Pocknell holds 88% of the issued share capital and is the father of the two directors. He is a former director who has made interest free loans to the company of £650,000 (2024 £650,000) and has agreed to make no demands for repayment until the funds are available and is being treated as being an amount due after more than one year. The company has constructed factory units in a joint venture with Foley Park Estates Limited, a company controlled by MH Pocknell. Included within other debtors due within one year is a balance due from Foley Park Motors Limited of £786,889 (2024 £734,512). The balance is interest free and the movement during the year represents transactions relating to the property development.

Registered Number: 02063707
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2025
for
FOLEY PARK MOTORS LIMITED