ACCOUNTS - Final Accounts preparation

Company registration number: 12602852

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2023

	SEVEN ACRES FIC LIMITED


SEVEN ACRES FIC LIMITED

COMPANY INFORMATION

Directors	C Bowden
	V E Bowden


Registered number	12602852


Registered office	Seven Acres
	Horsell Common
	Woking
	Surrey
	GU21 4XY


SEVEN ACRES FIC LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2


SEVEN ACRES FIC LIMITED REGISTERED NUMBER:12602852

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	401		401
Cash at bank and in hand		127,498		-
		127,899		401
Total assets less current liabilities			127,899		401

Net assets			127,899		401

Capital and reserves
Called up share capital	401	401
Profit and loss account	127,498	-
	127,899	401

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 October 2023.

................................................

C Bowden

Director

The notes on page 2 form part of these financial statements.

Page 1


SEVEN ACRES FIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

1.	General information

Seven Acres FIC Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Debtors

					2023	2022
					£	£


Called up share capital not paid	401	401
	401	401

Page 2