FOXLEY_VENTURES_LIMITED - Accounts

FOXLEY VENTURES LIMITED - Company Information

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Company Registration No. 07209398 (England and Wales)

FOXLEY VENTURES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

FOXLEY VENTURES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FOXLEY VENTURES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

10,000

Current assets

Debtors

291,280

315,884

Cash at bank and in hand

104,342

34,823

395,622

350,707

Creditors: amounts falling due within one year

(276,749)

(281,746)

Net current assets

118,873

68,961

Total assets less current liabilities

128,873

78,961

Capital and reserves

Called up share capital

100

Profit and loss account

128,773

78,861

Shareholders' funds

128,873

78,961

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 November 2016

Mr J J S Hanley

Director

Company Registration No. 07209398

FOXLEY VENTURES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable in respect of the company's share of the partnership profit from Monmouth Dean LLP and is recognised once entitlement to income is considered satisfactory.

1.4

Investments

Fixed asset investments are stated at cost of initial investment.

Fixed assets

Investments

Cost

At 1 April 2015 & at 31 March 2016

10,000

At 31 March 2015

10,000

The investment represents an interest in Monmouth Dean LLP, a limited liability partnership (LLP) trading in England and Wales in which the company has a participating interest. The registered office of the LLP is 10 Golden Square, London, W1F 9JA and the LLP accounts are appended to these financial statements.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Ultimate parent company

The company was under the control of Mr. J Hanley, the managing director, along with close family members by virtue of their majority shareholding in the company.