Registration number: 16117130

J T Fox Property Limited

(Registration number: 16117130)
Balance Sheet as at 31 March 2026

	Note	2026 £
Fixed assets
Tangible assets	4	1,382
Investment property	5	448,643
Investments	6	2,000
		452,025
Current assets
Debtors	7	5,298
Cash at bank and in hand		1,281
		6,579
Creditors: Amounts falling due within one year	8	(404,443)
Net current liabilities		(397,864)
Total assets less current liabilities		54,161
Creditors: Amounts falling due after more than one year	8	(91,875)
Net liabilities		(37,714)
Capital and reserves
Called up share capital	9	2,000
Retained earnings		(39,714)
Shareholders' deficit		(37,714)

J T Fox Property Limited

(Registration number: 16117130)
Balance Sheet as at 31 March 2026

For the financial period ending 31 March 2026 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 period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2026 and signed on its behalf by:
 

Mr T S Fox Director

J T Fox Property Limited

Notes to the Unaudited Financial Statements for the Period from 4 December 2024 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
St Hybalds Church
Manton
Gainsborough
Lincolnshire
DN21 4JT

Registration number: 16117130

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided
by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover represents the fair value, excluding value added tax, of rents receivable on investment properties.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

J T Fox Property Limited

Notes to the Unaudited Financial Statements for the Period from 4 December 2024 to 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for rents and services provided in the ordinary course
of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the company
does not have an unconditional right, at the end of the reporting period, to defer settlement of the
creditor for at least twelve months after the reporting date. If there is an unconditional right to defer
settlement for at least twelve months after the reporting date, they are presented as non-current
liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

J T Fox Property Limited

Notes to the Unaudited Financial Statements for the Period from 4 December 2024 to 31 March 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period was 2.

J T Fox Property Limited

Notes to the Unaudited Financial Statements for the Period from 4 December 2024 to 31 March 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	2,073	2,073
At 31 March 2026	2,073	2,073
Depreciation
Charge for the period	691	691
At 31 March 2026	691	691
Carrying amount
At 31 March 2026	1,382	1,382

5	Investment properties

	2026 £
Additions	448,643
At 31 March	448,643

The value of investment property is reviewed annually by the director.

There has been no valuation of investment property by an independent valuer.

J T Fox Property Limited

Notes to the Unaudited Financial Statements for the Period from 4 December 2024 to 31 March 2026

6	Investments

	2026 £
Investments in subsidiaries	2,000