W Fox Property Development Ltd

W Fox Property Development Ltd

W FOX PROPERTY DEVELOPMENT LTD - Company Information

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Company Registration No. 06055315 (England and Wales)
W Fox Property Development Ltd Unaudited accounts for the year ended 31 January 2019
W Fox Property Development Ltd Unaudited accounts Contents
Page
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W Fox Property Development Ltd Company Information for the year ended 31 January 2019
Director
Winston Fox
Secretary
Yvonne Hendricks
Company Number
06055315 (England and Wales)
Registered Office
5 LANCASTER AVENUE BARKING ESSEX IG11 7RB
Accountants
McTernan Associates Ltd 5 Clapham Chase Clapham Bedford Bedfordshire MK41 6FA
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W Fox Property Development Ltd Accountants' report
Accountants' report to the director of W Fox Property Development Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W Fox Property Development Ltd for the year ended 31 January 2019 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of W Fox Property Development Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of W Fox Property Development Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W Fox Property Development Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that W Fox Property Development Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of W Fox Property Development Ltd. You consider that W Fox Property Development Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of W Fox Property Development Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
McTernan Associates Ltd 5 Clapham Chase Clapham Bedford Bedfordshire MK41 6FA 30 October 2019
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W Fox Property Development Ltd Statement of financial position as at 31 January 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
210,000 
210,000 
Current assets
Cash at bank and in hand
8,344 
5,837 
Creditors: amounts falling due within one year
5
(41,670)
(41,304)
Net current liabilities
(33,326)
(35,467)
Total assets less current liabilities
176,674 
174,533 
Creditors: amounts falling due after more than one year
6
(110,973)
(110,973)
Net assets
65,701 
63,560 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
67,509 
67,509 
Profit and loss account
(1,908)
(4,049)
Shareholders' funds
65,701 
63,560 
For the year ending 31 January 2019 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 October 2019.
Winston Fox Director Company Registration No. 06055315
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W Fox Property Development Ltd Notes to the Accounts for the year ended 31 January 2019
1
Statutory information
W Fox Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 06055315. The registered office is 5 LANCASTER AVENUE, BARKING, ESSEX, IG11 7RB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
None.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2018
210,000 
At 31 January 2019
210,000 
Depreciation
At 31 January 2019
- 
Net book value
At 31 January 2019
210,000 
At 31 January 2018
210,000 
5
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Other creditors
41,670 
41,304 
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W Fox Property Development Ltd Notes to the Accounts for the year ended 31 January 2019
6
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Bank loans
94,095 
94,095 
Taxes and social security
16,878 
16,878 
110,973 
110,973 
7
Average number of employees
During the year the average number of employees was 0 (2018: 0).
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