Foxfield Stud Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: SC231943

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		424,446		220,421

			424,446		220,421
CURRENT ASSETS
Stocks	5	6,000		14,004
Debtors	6	1,840		6,407
Cash at bank and in hand		5,786		3,043

		13,626		23,454
Creditors: Amounts Falling Due Within One Year	7	(963 )		(39,459 )

NET CURRENT ASSETS (LIABILITIES)			12,663		(16,005 )

TOTAL ASSETS LESS CURRENT LIABILITIES			437,109		204,416

Creditors: Amounts Falling Due After More Than One Year	8		(587,876 )		(291,874 )

NET LIABILITIES			(150,767 )		(87,458 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Income Statement			(150,769 )		(87,460 )

SHAREHOLDERS' FUNDS			(150,767)		(87,458)

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Foxfield Stud Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 Income Statement.

On behalf of the board

Alastair Crocket

Director

24th August 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Foxfield Stud Limited is a private company, limited by shares, incorporated in Scotland, registered number SC231943 . The registered office is 11C Gatehead Road, Crosshouse, Kilmarnock, KA2 0HN.

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. 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:

Freehold	50 years straight line
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2025	229,783	91,873	54,000	375,656
Additions	225,288	-	-	225,288

As at 31 March 2026	455,071	91,873	54,000	600,944

...CONTINUED

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Foxfield Stud Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	72,751	58,859	23,625	155,235
Provided during the period	8,717	4,952	7,594	21,263

As at 31 March 2026	81,468	63,811	31,219	176,498

Net Book Value
As at 31 March 2026	373,603	28,062	22,781	424,446

As at 1 April 2025	157,032	33,014	30,375	220,421

5. Stocks

	2026	2025
	£	£
Stock	6,000	14,004

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	(35 )
Other debtors	1,840	6,442

	1,840	6,407

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	(287 )	38,209
Other creditors	1,250	1,250

	963	39,459

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

	2026	2025
	£	£
Bank loans	253	1,983
Other creditors	587,623	289,891

	587,876	291,874

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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