Foxhill Promotions Limited - Abbreviated accounts 16.3
Foxhill Promotions Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Foxhill Promotions Limited |
| Abbreviated Accounts for the Year Ended 31st March 2016 |
| Foxhill Promotions Limited (Registered number: 06391637) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Foxhill Promotions Limited |
| Company Information |
| for the Year Ended 31st March 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Foxhill Promotions Limited (Registered number: 06391637) |
| Abbreviated Balance Sheet |
| 31st March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The director acknowledges her 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. |
| Foxhill Promotions Limited (Registered number: 06391637) |
| Abbreviated Balance Sheet - continued |
| 31st March 2016 |
| The financial statements were approved by the director on |
| Foxhill Promotions Limited (Registered number: 06391637) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st March 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on a going concern basis due to the company continuing to |
| receive support from its directors and Fairhurst Estates Properties Limited, a company under |
| common control. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective January 2015). |
| Turnover |
| Turnover represents rental income from investment properties. |
| Investment property |
| In accordance with SSAP 19 investment properties are revalued to open market value and no |
| depreciation is provided. The directors consider that this accounting policy results in the financial |
| statements giving a true and fair view. The effect of this departure from the Companies Act 2006 has |
| not been quantified because it is impracticable and, in the opinion of the directors, would be |
| misleading. |
| The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve |
| except where a deficit is deemed to represent a permanent diminution in value, in which case it is |
| charged to the profit and loss account. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the balance sheet date. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1st April 2015 |
| Revaluations |
| At 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| Foxhill Promotions Limited (Registered number: 06391637) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st March 2016 |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable otherwise than by instalments | 36,052 | 1 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1 |
| 5. | DEFERRED TAXATION |
| Tax of £16,048 would arise should the company's investment properties be sold at the values |
| currently shown in the financial statements. The company has no immediate intention to sell the |
| affected properties. |