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REGISTERED NUMBER: 07024125 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

First Industrial Developments Limited

First Industrial Developments Limited (Registered number: 07024125)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


First Industrial Developments Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: M Byrom
J F Taylor
O C R Bertram



SECRETARY: R Jarvis



REGISTERED OFFICE: 5a Tournament Court
Edgehill Drive
Warwick
Warwickshire
CV34 6LG



REGISTERED NUMBER: 07024125 (England and Wales)



SENIOR STATUTORY AUDITOR: Charles Hinitt FCCA



AUDITORS: Charles Hinitt & Associates Limited
Chartered Certified Accountants &
Statutory Auditors
48 Belle Vue Terrace
Malvern
Worcestershire
WR14 4QG

First Industrial Developments Limited (Registered number: 07024125)

Abridged Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,602
Investments 5 866 268,643
866 270,245

CURRENT ASSETS
Debtors 1,783,945 1,406,272
Cash at bank 931,556 184,902
2,715,501 1,591,174
CREDITORS
Amounts falling due within one year 1,950,972 1,200,510
NET CURRENT ASSETS 764,529 390,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

765,395

660,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 765,295 660,809
SHAREHOLDERS' FUNDS 765,395 660,909

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 7 September 2022 and were signed on its behalf by:





M Byrom - Director


First Industrial Developments Limited (Registered number: 07024125)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

First Industrial 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover arises wholly in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

First Industrial Developments Limited (Registered number: 07024125)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 31 December 2021 114,277
DEPRECIATION
At 1 January 2021 112,675
Charge for year 1,602
At 31 December 2021 114,277
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 1,602

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2021 268,643
Disposals (267,777 )
At 31 December 2021 866
NET BOOK VALUE
At 31 December 2021 866
At 31 December 2020 268,643

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Charles Hinitt FCCA (Senior Statutory Auditor)
for and on behalf of Charles Hinitt & Associates Limited

First Industrial Developments Limited (Registered number: 07024125)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemptions available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries.

First Renewable Developments Limited
A 66.6% owned subsidiary

At the balance sheet date FRD owed the Company £800,000 (2020 : £800,000). This balance is included within Amounts owed from group undertakings and disclosed under "Debtors: Amounts falling due within one year".
The balance was repaid in full after the end of the year.

Ducks Ditty Limited
A company owned and controlled by O C R Bertram.

During the year the Company paid £200,000 (2020 : £540,000) to Ducks Ditty Limited in respect of consultancy charges.

£200,000 was included in creditors at the balance sheet date (2020 : £100,000).

B1111 Holdings Limited
A company owned and controlled by M Byrom.

During the year the Company paid £600,000 (2020 : £300,000) to B1111 Holdings Limited in respect of consultancy charges.

£600,000 was included in creditors at the balance sheet date (2020 : £300,000).

Keelaw Consulting Limited
A company owned and controlled by J F Taylor.

During the year the Company paid £200,000 (2020 : £540,000) to Keelaw Consulting Limited in respect of consultancy charges.

£200,000 was included in creditors at the balance sheet date (2020 : £100,000).

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Byrom.