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REGISTERED NUMBER: 04099891 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

FYLDE JOINERY & BUILDING SERVICES
PROPERTY LIMITED

FYLDE JOINERY & BUILDING SERVICES
PROPERTY LIMITED (REGISTERED NUMBER: 04099891)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FYLDE JOINERY & BUILDING SERVICES
PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: S O'Toole
Mrs L O'Toole





SECRETARY: Mrs L O'Toole





REGISTERED OFFICE: 5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ





REGISTERED NUMBER: 04099891 (England and Wales)





ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ

FYLDE JOINERY & BUILDING SERVICES
PROPERTY LIMITED (REGISTERED NUMBER: 04099891)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 254,530 262,474

CURRENT ASSETS
Debtors 5 1,448,116 1,090,610
Cash at bank 29,707 94,654
1,477,823 1,185,264
CREDITORS
Amounts falling due within one year 6 678,118 712,694
NET CURRENT ASSETS 799,705 472,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,235

735,044

CREDITORS
Amounts falling due after more than one
year

7

500,000

185,000
NET ASSETS 554,235 550,044

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 554,134 549,943
SHAREHOLDERS' FUNDS 554,235 550,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FYLDE JOINERY & BUILDING SERVICES
PROPERTY LIMITED (REGISTERED NUMBER: 04099891)

BALANCE SHEET - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:




S O'Toole - Director



Mrs L O'Toole - Director


FYLDE JOINERY & BUILDING SERVICES
PROPERTY LIMITED (REGISTERED NUMBER: 04099891)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Fylde Joinery & Building Services Property 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.

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.

Turnover
Turnover represents income received from work done and from property rentals.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on 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 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 NIL (2022 - NIL).

FYLDE JOINERY & BUILDING SERVICES
PROPERTY LIMITED (REGISTERED NUMBER: 04099891)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2022
and 31 January 2023 397,175
DEPRECIATION
At 1 February 2022 134,701
Charge for year 7,944
At 31 January 2023 142,645
NET BOOK VALUE
At 31 January 2023 254,530
At 31 January 2022 262,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 45
Fylde Investment Properties Lt 173,160 173,159
James Carter Homes loan 1,240,376 915,491
Directors' current accounts 32,555 -
Prepayments 2,025 1,915
1,448,116 1,090,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 768 767
Fylde Joinery loan account 495,910 444,576
Fylde Joinery Holdings 177,089 260,090
Trade debtors 455 -
Tax 2,848 5,804
Accruals and deferred income - 1,457
Accrued expenses 1,048 -
678,118 712,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 500,000 185,000

FYLDE JOINERY & BUILDING SERVICES
PROPERTY LIMITED (REGISTERED NUMBER: 04099891)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 500,000 185,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 500,000 185,000

9. RELATED PARTY DISCLOSURES

The company was under the control of Mr and Mrs O'Toole throughout the current and previous year. Mr O'Toole is the managing director.

The Ultimate Parent Company is Fylde Joinery & Building Services Holdings Ltd. Mrs S O'Toole and Mrs L O'Toole each hold a 50% shareholding in Fylde Joinery & Building Service Holdings Ltd.