W Fox Property Development Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06055315 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

W FOX PROPERTY DEVELOPMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Winston Fox

REGISTERED OFFICE:

104 Foxearth Road

South Croydon

CR2 8EF

REGISTERED NUMBER:

06055315 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Investments

4

1,472,821

1,253,657

Investment property

5

210,000

210,000

1,682,821

1,463,657

CURRENT ASSETS

Investments

6

56,579

35,890

Cash at bank

15,326

13,089

71,905

48,979

CREDITORS

Amounts falling due within one year

7

93,704

78,161

NET CURRENT LIABILITIES

(21,799

)

(29,182

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,661,022

1,434,475

CREDITORS

Amounts falling due after more than one year

8

1,561,113

1,347,752

NET ASSETS

99,909

86,723

CAPITAL AND RESERVES

Called up share capital

9

100

100

Special reserve

67,509

67,509

Retained earnings

32,300

19,114

SHAREHOLDERS' FUNDS

99,909

86,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 December 2023 and were signed by:

Mr Winston Fox - Director

1.	STATUTORY INFORMATION

W Fox Property Development Ltd 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.

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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2023

2022

£

£

Investment in LLP

1,472,821

1,253,657

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2022

and 31 March 2023

210,000

Net book value

At 31 March 2023

210,000

At 31 March 2022

210,000

6.	CURRENT ASSET INVESTMENTS

2023

2022

£

£

Other

56,579

35,890

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

3,093

20,909

Other creditors

90,611

57,252

93,704

78,161

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

1,561,113

1,347,752

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,561,113

1,347,752

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary shares

1

100

100