Fox Inn Developments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08521301 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JUNE 2016 TO 31 DECEMBER 2016

FOR

FOX INN DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mrs B A Callaghan

Mrs J Woods

Registered office:

Ayrefield Hall, Ayrefield Road

Roby Mill

Upholland

Wigan

Lancashire

WN8 0QP

Registered number:

08521301 (England and Wales)

Accountants:

NR Barton

19-21 Bridgeman Terrace

Wigan

Lancashire

WN1 1TD

FIXED ASSETS

Tangible assets

4

343,358

317,939

CURRENT ASSETS

Cash at bank

9,014

20,540

CREDITORS

Amounts falling due within one year

5

333,999

330,463

NET CURRENT LIABILITIES

(324,985

)

(309,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,373

8,016

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

18,371

8,014

SHAREHOLDERS' FUNDS

18,373

8,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 September 2017 and were signed on its behalf by:

Mrs J Woods - Director

1.	STATUTORY INFORMATION

Fox Inn Developments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

no depreciation charged in this period

The property remains as freehold property at cost as undue cost and effort on an ongoing basis to measure at fair

value would be incurred to give a reliable measurement under FRS 102.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 June 2016

317,939

Additions

25,419

At 31 December 2016

343,358

NET BOOK VALUE

At 31 December 2016

343,358

At 31 May 2016

317,939

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.5.16

£

£

Taxation and social security

5,103

2,567

Other creditors

328,896

327,896

333,999

330,463

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.5.16

value:

£

£

2

Ordinary

£1

2

2

7.	ULTIMATE CONTROLLING PARTY

8.	FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102. The company transitioned from previous UK

GAAP to FRS 102 on the 1 June 2015.

Reconciliation of Equity

No transitional adjustments were required.

Reconciliation of Profit and Loss

No transitional adjustments were required.