Foxcote Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11058226

Foxcote Properties Limited

Filleted Unaudited Financial Statements

31 December 2024

Foxcote Properties Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Foxcote Properties Limited

Officers and Professional Advisers

The Board of Directors	C Fox-Davies
	W Fox-Davies

Registered Office	37a Birmingham New Road
	Wolverhampton
	West Midlands
	WV4 6BL

Accountants	Howell Davies Limited
	Chartered accountants
	Tudor House
	37a Birmingham New Road
	Wolverhampton
	West Midlands
	WV4 6BL

Foxcote Properties Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Foxcote Properties Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Foxcote Properties Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

Howell Davies Limited Chartered accountants

Tudor House 37a Birmingham New Road Wolverhampton West Midlands WV4 6BL

2 July 2026

Foxcote Properties Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed Assets

Tangible assets	4		1,631,806		1,526,296

Current Assets

Debtors	5	3,900	86,326
Cash at bank and in hand		17,495	9,681
		--------	--------
		21,395	96,007

Creditors: amounts falling due within one year	6	81,354		79,204
		--------		--------
Net Current (Liabilities)/Assets			( 59,959)		16,803
			------------		------------
Total Assets Less Current Liabilities			1,571,847		1,543,099

Creditors: amounts falling due after more than one year	7		1,434,332		1,526,398

Provisions

Taxation including deferred tax	39,856	–
	------------	------------
Net Assets	97,659	16,701
	------------	------------

Capital and Reserves

Called up share capital	20	20
Revaluation reserve	119,567	49,838
Profit and loss account	( 21,928)	( 33,157)
	---------	--------
Shareholders Funds	97,659	16,701
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Foxcote Properties Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 2 July 2026 , and are signed on behalf of the board by:

C Fox-Davies

Director

Company registration number: 11058226

Foxcote Properties Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37a Birmingham New Road, Wolverhampton, West Midlands, WV4 6BL.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	20% straight line
Tools and equipment	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% reducing balance

Investment Property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the fair value reserve.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible Assets

Freehold property	Leasehold property	Tools and equipment	Fixtures, fittings and equipment	Motor vehicles	Total
£	£	£	£	£	£

Cost or valuation
At 1 Jan 2024	1,501,415	12,086	24,935	24,989	15,395	1,578,820
Additions	–	–	648	6,500	–	7,148
Revaluations	109,585	–	–	–	–	109,585
	------------	--------	--------	--------	--------	------------
At 31 Dec 2024	1,611,000	12,086	25,583	31,489	15,395	1,695,553
	------------	--------	--------	--------	--------	------------
Depreciation
At 1 Jan 2024	–	7,251	13,276	22,673	9,324	52,524
Charge for the year	–	2,417	4,865	2,423	1,518	11,223
	------------	--------	--------	--------	--------	------------
At 31 Dec 2024	–	9,668	18,141	25,096	10,842	63,747
	------------	--------	--------	--------	--------	------------
Carrying amount
At 31 Dec 2024	1,611,000	2,418	7,442	6,393	4,553	1,631,806
	------------	--------	--------	--------	--------	------------
At 31 Dec 2023	1,501,415	4,835	11,659	2,316	6,071	1,526,296
	------------	--------	--------	--------	--------	------------

The investment properties are included at current market value.

5. Debtors

	2024	2023
	£	£

Trade debtors	3,900	2,950
Amount owed by related party	–	83,376
	-------	--------
	3,900	86,326
	-------	--------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£

Other creditors	81,354	79,204
	--------	--------

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

	2024	2023
	£	£

Bank loans	821,502	821,394
Amounts owed to group undertakings and undertakings in which the company has a participating interest	33,392	–
Other creditors	579,438	705,004
	------------	------------
	1,434,332	1,526,398
	------------	------------

8. Related Party Transactions

The company was under the control of Mr C Fox-Davies and Mr W Fox-Davies during the current and previous year.