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REGISTERED NUMBER: 11658735 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

FOR

FI26 LTD

FI26 LTD (REGISTERED NUMBER: 11658735)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FI26 LTD

COMPANY INFORMATION
for the year ended 5 April 2023







DIRECTOR: S J Algeo





REGISTERED OFFICE: 52 Brownmoor Park
Crosby
Liverpool
L23 0TN





REGISTERED NUMBER: 11658735 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

FI26 LTD (REGISTERED NUMBER: 11658735)

BALANCE SHEET
5 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,832 2,443
Investments 5 11,254 10,004
Investment property 6 469,012 362,162
482,098 374,609

CURRENT ASSETS
Debtors 7 - 1,800
Cash at bank and in hand 1,013 34,975
1,013 36,775
CREDITORS
Amounts falling due within one year 8 218,363 194,709
NET CURRENT LIABILITIES (217,350 ) (157,934 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,748

216,675

CREDITORS
Amounts falling due after more than one
year

9

301,223

225,473
NET LIABILITIES (36,475 ) (8,798 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (36,575 ) (8,898 )
SHAREHOLDERS' FUNDS (36,475 ) (8,798 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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.

FI26 LTD (REGISTERED NUMBER: 11658735)

BALANCE SHEET - continued
5 April 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 director and authorised for issue on 15 September 2023 and were signed by:





S J Algeo - Director


FI26 LTD (REGISTERED NUMBER: 11658735)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 April 2023

1. STATUTORY INFORMATION

Fi26 Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

FI26 LTD (REGISTERED NUMBER: 11658735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2022
and 5 April 2023 4,343
DEPRECIATION
At 6 April 2022 1,900
Charge for year 611
At 5 April 2023 2,511
NET BOOK VALUE
At 5 April 2023 1,832
At 5 April 2022 2,443

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 6 April 2022 10,004
Additions 1,250
At 5 April 2023 11,254
NET BOOK VALUE
At 5 April 2023 11,254
At 5 April 2022 10,004

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022 362,162
Additions 106,850
At 5 April 2023 469,012
NET BOOK VALUE
At 5 April 2023 469,012
At 5 April 2022 362,162

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1,800

FI26 LTD (REGISTERED NUMBER: 11658735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1
Other creditors 218,363 194,708
218,363 194,709

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 301,223 225,473

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 301,223 225,473