REGISTERED NUMBER: 01662233 (England and Wales)

FOX SELF STORAGE LIMITED

Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P S Fox

REGISTERED OFFICE:

Unit 10

Somerset Industrial Estate

Somerset Road

Cwmbran

NP44 1QX

REGISTERED NUMBER:

01662233 (England and Wales)

AUDITORS:

MHA Audit Services LLP

Statutory Auditor

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

10,498,135

10,495,204

CURRENT ASSETS

Stocks

23,483

23,143

Debtors

5

194,332

225,231

Cash at bank and in hand

438,795

60,990

656,610

309,364

CREDITORS

Amounts falling due within one year

6

(6,754,672

)

(2,834,246

)

NET CURRENT LIABILITIES

(6,098,062

)

(2,524,882

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,400,073

7,970,322

CREDITORS

Amounts falling due after more than one year

7

(481,141

)

(4,462,738

)

PROVISIONS FOR LIABILITIES

11

(612,773

)

(542,497

)

NET ASSETS

3,306,159

2,965,087

CAPITAL AND RESERVES

Called up share capital

260,001

260,001

Capital redemption reserve

716,001

716,001

Retained earnings

2,330,157

1,989,085

3,306,159

2,965,087

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2026 and were signed by:

P S Fox - Director

1.	STATUTORY INFORMATION

Fox Self Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in Sterling (£), the company's functional currency, and rounded to the nearest pound.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

At 31 December 2025, the company has net current liabilities of £6,098,062 (2024: £2,524,882). At the time of approval of the financial statements the directors are satisfied that the going concern basis of preparation of the financial statements is appropriate. The directors have reviewed current performance and forecasts for a period of at least 12 months from approval of the financial statements and also note the continued support of a related party company, Fox Group (Moving & Storage) Limited. The financial statements are therefore prepared on a going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade and discounts.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised at the following rates so as to write off the cost of assets less their residual values over their estimated useful lives or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and property

1% to 2% straight line

Long leasehold

1% to 2% straight line

Plant and machinery

10% to 20% straight line

Fixtures and fittings

10% to 20% straight line

Motor vehicles

10% to 25% straight line

The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit or loss statement.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost compromises the purchase price and associated costs of bring finished goods for resale to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held seperately from those of the company. The annual contributions payable are charged to the profit and loss account.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Long

Plant and

Property

leasehold

machinery

£

£

£

COST

At 1 January 2025

9,299,220

454,071

4,967,344

Additions

-

-

555,889

At 31 December 2025

9,299,220

454,071

5,523,233

DEPRECIATION

At 1 January 2025

1,354,120

150,828

2,826,550

Charge for year

175,605

7,250

347,570

At 31 December 2025

1,529,725

158,078

3,174,120

NET BOOK VALUE

At 31 December 2025

7,769,495

295,993

2,349,113

At 31 December 2024

7,945,100

303,243

2,140,794

Fixtures

and

Motor

Fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

166,167

143,035

15,029,837

Additions

-

-

555,889

At 31 December 2025

166,167

143,035

15,585,726

DEPRECIATION

At 1 January 2025

146,750

56,385

4,534,633

Charge for year

5,771

16,762

552,958

At 31 December 2025

152,521

73,147

5,087,591

NET BOOK VALUE

At 31 December 2025

13,646

69,888

10,498,135

At 31 December 2024

19,417

86,650

10,495,204

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2025

697,218

Additions

453,300

Transfer to ownership

(129,468

)

At 31 December 2025

1,021,050

DEPRECIATION

At 1 January 2025

133,727

Charge for year

103,083

Transfer to ownership

(38,563

)

At 31 December 2025

198,247

NET BOOK VALUE

At 31 December 2025

822,803

At 31 December 2024

563,491

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

44,817

134,073

Prepayments and accrued income

149,515

91,158

194,332

225,231

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

4,061,491

372,548

Hire purchase contracts (see note 9)

205,422

156,867

Trade creditors

72,695

90,951

Corporation tax

123,047

64,240

Social security and other taxes

8,978

8,410

VAT

62,200

43,756

Other creditors

1,976,755

1,986,936

Directors' loan accounts

200,000

-

Accruals and deferred income

44,084

110,538

6,754,672

2,834,246

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

248,453

4,295,142

Hire purchase contracts (see note 9)

161,944

94,940

Accruals and deferred income

70,744

72,656

481,141

4,462,738

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,654,592

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

4,061,491

372,548

Amounts falling due between one and two years:

Bank loans - 1-2 years

104,270

395,394

Amounts falling due between two and five years:

Bank loans - 2-5 years

144,183

1,245,156

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,654,592

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2025

2024

£

£

Net obligations repayable:

Within one year

205,422

156,867

Between one and five years

161,944

94,940

367,366

251,807

Non-cancellable operating

leases

2025

2024

£

£

Within one year

3,786

4,234

Between one and five years

-

901

3,786

5,135

10.	SECURED DEBTS

The companies bankers hold security over borrowings as follows;

-

a legal charge over the properties of the company

-

a debenture over all assets of the company

The hire purchase liabilities are secured over the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

Provisions for liabilities relate solely to deferred tax.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Laura Farrow MSc BSc FCA (Senior Statutory Auditor)

for and on behalf of MHA Audit Services LLP

MHA is the trading name of MHA Audit Services LLP, a limited liability

partnership in England and Wales (OC455542).

13.	RELATED PARTY DISCLOSURES

At 31 December 2025 the following related party balances and transactions existed with companies under common directorship:

2025

2024

£

£

Sales

645,762

578,156

Purchases

303,351

260,287

Amounts receivable from related parties

7,944

13,612

Amounts payable to related parties

131,657

1,840,465