Company registration number 14076030 (England and Wales)
FOX BROTHERS (WESTBY) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
FOX BROTHERS (WESTBY) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
FOX BROTHERS (WESTBY) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£'000
£'000
£'000
£'000
Fixed assets
Investments
3
2,309
2,309
Current assets
-
-
Creditors: amounts falling due within one year
4
(2,187)
(2,187)
Net current liabilities
(2,187)
(2,187)
Net assets
122
122
Capital and reserves
Called up share capital
5
-
0
-
0
Profit and loss reserves
122
122
Total equity
122
122

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 August 2026 and are signed on its behalf by:
P Fox
Director
Company registration number 14076030 (England and Wales)
FOX BROTHERS (WESTBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Fox Brothers (Westby) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Neptune Court, Hallam Way, Whitehills Business Park, Blackpool, Lancashire, FY4 5LZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £'000.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

As the company is a wholly owned subsidiary, it has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The directors have considered the company’s ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements. In making this assessment, the directors have considered the company’s current financial position, cash flow forecasts and the ongoing support available from the wider group.

The company forms part of a larger group of companies and continues to benefit from the operational and financial support of the wider group where required. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the financial statements on the going concern basis.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
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 current liabilities.

FOX BROTHERS (WESTBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Subsidiaries

Details of the company's subsidiaries at 31 August 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Woods Waste Limited
11 Neptune Court Hallam Way, Whitehills Business Park, Blackpool, Lancashire, England, FY4 5LZ
Ordinary
100.00
FOX BROTHERS (WESTBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
3
Fixed asset investments
2025
2024
£'000
£'000
Shares in group undertakings
2,309
2,309
4
Creditors: amounts falling due within one year
2025
2024
£'000
£'000
Amounts owed to group undertakings
2,187
-
0
Other creditors
-
0
2,187
2,187
2,187
5
Called up share capital

The company had 100 Ordinary shares of £1 each allotted, issued and fully paid at the end of the current and prior period,

6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Susan Harris (MA ACA)
Statutory Auditor:
Champion Accountants LLP
Date of audit report:
19 August 2026
7
Contingent liabilities

Close Brothers Limited hold a fixed and floating charge over all property and undertaking of the company, dated 19 September 2024, for all monies due or to become due from the company, or any member of the Fox Brothers Holdings Ltd group.

FOX BROTHERS (WESTBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
8
Parent company

O n 19 September 2024, the ultimate parent company of the group changed from PRF Group Ltd (formerly Fox Brothers Group Ltd) to Stellex Capital Holdings II Luxembourg SARL, a company incorporated in Luxembourg.

Fox Brothers Holdings Ltd is the parent of the smallest and largest group for which consolidated accounts are drawn up, of which this company is a member. Copies of the consolidated financial statements of the group headed by Fox Brothers Holdings Limited, can be obtained from 11 Neptune Court Hallam Way, Whitehills Business Park, Blackpool, Lancashire, England, FY4 5LZ.

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