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REGISTERED NUMBER: 10895718 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2021 TO 30 NOVEMBER 2022

FOR

FAT GEE HOLDINGS LTD

FAT GEE HOLDINGS LTD (REGISTERED NUMBER: 10895718)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2021 TO 30 NOVEMBER 2022










Page

Balance Sheet 1

Notes to the Financial Statements 3


FAT GEE HOLDINGS LTD (REGISTERED NUMBER: 10895718)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 5 100 -
Investment property 6 206,282 210,600
206,382 210,600

CURRENT ASSETS
Debtors 7 754 -
Cash at bank 1,912 20
2,666 20
CREDITORS
Amounts falling due within one year 8 11,839 99,641
NET CURRENT LIABILITIES (9,173 ) (99,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,209

110,979

CREDITORS
Amounts falling due after more than
one year

9

(107,404

)

(107,402

)

PROVISIONS FOR LIABILITIES 11 - (447 )
NET ASSETS 89,805 3,130

CAPITAL AND RESERVES
Called up share capital 12 100 100
Non distributable reserves 18,476 21,973
Retained earnings 71,229 (18,943 )
SHAREHOLDERS' FUNDS 89,805 3,130

FAT GEE HOLDINGS LTD (REGISTERED NUMBER: 10895718)

BALANCE SHEET - continued
30 NOVEMBER 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2022 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.

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 29 September 2023 and were signed by:





Mr M R Davies - Director


FAT GEE HOLDINGS LTD (REGISTERED NUMBER: 10895718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2021 TO 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Fat Gee Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10895718

Registered office: 53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured as rents receivable in the year.

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

Investment property
Investment property is shown at the valuation at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

FAT GEE HOLDINGS LTD (REGISTERED NUMBER: 10895718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 30 NOVEMBER 2022


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


FAT GEE HOLDINGS LTD (REGISTERED NUMBER: 10895718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 30 NOVEMBER 2022


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
Additions 100
At 30 November 2022 100
NET BOOK VALUE
At 30 November 2022 100

FAT GEE HOLDINGS LTD (REGISTERED NUMBER: 10895718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 30 NOVEMBER 2022


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2021 210,600
Revaluations (4,318 )
At 30 November 2022 206,282
NET BOOK VALUE
At 30 November 2022 206,282
At 31 August 2021 210,600

Fair value at 30 November 2022 is represented by:
£   
Valuation in 2019 11,089
Valuation in 2021 15,600
Valuation in 2022 (4,318 )
Cost 183,911
206,282

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Director's current account 262 -
Deferred tax asset 492 -
754 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other creditors 10,491 97,733
Director's current account - 656
Accruals and deferred income 1,348 1,252
11,839 99,641

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans more than 5 years 107,404 107,402

FAT GEE HOLDINGS LTD (REGISTERED NUMBER: 10895718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 30 NOVEMBER 2022


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 107,404 107,402

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 107,404 107,402

The bank loan is secured by charges on the investment property.

11. PROVISIONS FOR LIABILITIES
2021
£   
Deferred tax
Tax losses carried forward (4,268 )
Investment Property 4,715
447

Deferred
tax
£   
Balance at 1 September 2021 447
Provided during period (939 )
Balance at 30 November 2022 (492 )

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100