Foxes Club Franchising Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07102495

		31 March 2025		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,275		1,275
Tangible Assets	5		107,616		178,269

			108,891		179,544
CURRENT ASSETS
Debtors	6	102,668		74,350
Cash at bank and in hand		59,850		50,960

		162,518		125,310
Creditors: Amounts Falling Due Within One Year	7	(198,271 )		(107,412 )

NET CURRENT ASSETS (LIABILITIES)			(35,753 )		17,898

TOTAL ASSETS LESS CURRENT LIABILITIES			73,138		197,442

Creditors: Amounts Falling Due After More Than One Year	8		(71,917 )		(131,965 )

NET ASSETS			1,221		65,477

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			1,121		65,377

SHAREHOLDERS' FUNDS			1,221		65,477

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Foxes Club Franchising Limited

Balance Sheet (continued)

As At 31 March 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Appiah - Kusi

Director

22 December 2025

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

1. General Information

Foxes Club Franchising Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07102495 . The registered office is 374 Ley Street, Ilford, Essex, IG1 4AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% straight line
Fixtures & Fittings	20% straight line

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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Foxes Club Franchising Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the period was:

	31 March 2025	31 December 2023
Office and administration	1	1

	1	1

4. Intangible Assets

	Goodwill	Intellectual Property	Total
	£	£	£
Cost
As at 1 January 2024	3,000	1,275	4,275

As at 31 March 2025	3,000	1,275	4,275

Amortisation
As at 1 January 2024	3,000	-	3,000

As at 31 March 2025	3,000	-	3,000

Net Book Value
As at 31 March 2025	-	1,275	1,275

As at 1 January 2024	-	1,275	1,275

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	234,487	158,322	392,809

As at 31 March 2025	234,487	158,322	392,809

Depreciation
As at 1 January 2024	113,091	101,449	214,540
Provided during the period	58,642	12,011	70,653

As at 31 March 2025	171,733	113,460	285,193

Net Book Value
As at 31 March 2025	62,754	44,862	107,616

As at 1 January 2024	121,396	56,873	178,269

6. Debtors

	31 March 2025	31 December 2023
	£	£
Due within one year
Trade debtors	-	23,607
Other debtors	96,912	50,743
Other taxes and social security	5,756	-

	102,668	74,350

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Foxes Club Franchising Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	28,035	28,035
Trade creditors	27,677	9,314
Bank loans and overdrafts	10,609	10,609
Corporation tax	49,323	47,546
Other taxes and social security	-	8,422
Other creditors	41,127	2,036
Director's loan account	-	1,450
Payments on account	41,500	-

	198,271	107,412

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	71,346	118,408
Bank loans	571	13,557

	71,917	131,965

9. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 December 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	28,035	28,035
Later than one year and not later than five years	71,346	118,408

	99,381	146,443

	99,381	146,443

10. Share Capital

	31 March 2025	31 December 2023
	£	£
Allotted, Called up and fully paid	100	100

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