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REGISTERED NUMBER: 10487339 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

FISHER ASSET HOLDINGS LIMITED

FISHER ASSET HOLDINGS LIMITED (REGISTERED NUMBER: 10487339)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FISHER ASSET HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Z Fisher





REGISTERED OFFICE: Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH





REGISTERED NUMBER: 10487339 (England and Wales)





ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

FISHER ASSET HOLDINGS LIMITED (REGISTERED NUMBER: 10487339)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 316,000 497,000

CURRENT ASSETS
Cash at bank 216,647 9,463

CREDITORS
Amounts falling due within one year 5 311,023 286,768
NET CURRENT LIABILITIES (94,376 ) (277,305 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,624

219,695

CREDITORS
Amounts falling due after more than one
year

6

(191,225

)

(191,225

)

PROVISIONS FOR LIABILITIES 8 (8,902 ) -
NET ASSETS 21,497 28,470

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 21,487 28,460
SHAREHOLDERS' FUNDS 21,497 28,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

FISHER ASSET HOLDINGS LIMITED (REGISTERED NUMBER: 10487339)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2022 and were signed by:





Z Fisher - Director


FISHER ASSET HOLDINGS LIMITED (REGISTERED NUMBER: 10487339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Fisher Asset Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 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 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 (2020 - 1 ) .

FISHER ASSET HOLDINGS LIMITED (REGISTERED NUMBER: 10487339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 497,000
Disposals (210,000 )
Revaluations 29,000
At 31 December 2021 316,000
NET BOOK VALUE
At 31 December 2021 316,000
At 31 December 2020 497,000

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2019 (149 )
Valuation in 2020 18,000
Valuation in 2021 29,000
Cost 269,149
316,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 9,402
Taxation and social security 2,823 -
Other creditors 308,200 277,366
311,023 286,768

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 191,225 191,225

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 191,225 191,225

On 8 February 2019, a charge was created in relation to 23 Brackyn Road, Cambridge, CB1 3PQ. This relates to the £191,225 of Other creditors due after more than one year.

FISHER ASSET HOLDINGS LIMITED (REGISTERED NUMBER: 10487339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 3,750 3,750

Should the lease be renewed on 06.04.2022 the total commitment would be £18,750 up to 05.04.2023

8. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 8,902 -

Deferred
tax
£   
Provided during year 8,902
Balance at 31 December 2021 8,902

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
10 Ordinary £1 10 10

10. RELATED PARTY DISCLOSURES

During the year, the company made no repayments on the non interest bearing loan from Fresh IP EP Limited, a company in which Mr Fisher is a director and majority shareholder.

The amount outstanding on this loan at the year end is £273,383.