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Registration number: 13888932

Fountaindale Investments Limited

Unaudited Filleted Financial Statements

for the Period from 2 February 2022 to 28 February 2023

 

Fountaindale Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Fountaindale Investments Limited

Company Information

Director

Ms A E Tarry

Registered office

Fountaindale House
Ricket Lane
Blidworth
Nottingham
NG21 0ND

Accountants

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

Fountaindale Investments Limited

(Registration number: 13888932)
Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Investment property

4

783,079

Current assets

 

Debtors

5

9

Cash at bank and in hand

 

4,968

 

4,977

Creditors: Amounts falling due within one year

6

(798,912)

Net current liabilities

 

(793,935)

Net liabilities

 

(10,856)

Capital and reserves

 

Called up share capital

7

9

Retained earnings

(10,865)

Shareholders' deficit

 

(10,856)

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 November 2023
 

.........................................
Ms A E Tarry
Director

 

Fountaindale Investments Limited

Notes to the Unaudited Financial Statements for the Period from 2 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fountaindale House
Ricket Lane
Blidworth
Nottingham
NG21 0ND

These financial statements were authorised for issue by the director on 2 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Fountaindale Investments Limited

Notes to the Unaudited Financial Statements for the Period from 2 February 2022 to 28 February 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investment properties

2023
£

Additions

783,079

At 28 February

783,079

There has been no valuation of investment property by an independent valuer.

5

Debtors

2023
£

Other debtors

9

9

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

26

Accruals and deferred income

180

Other creditors

798,706

798,912

 

Fountaindale Investments Limited

Notes to the Unaudited Financial Statements for the Period from 2 February 2022 to 28 February 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary A shares of £1 each

4

4

Ordinary B shares of £1 each

1

1

Ordinary C shares of £1 each

1

1

Ordinary D shares of £1 each

1

1

Ordinary E shares of £1 each

1

1

Ordinary F shares of £1 each

1

1

 

9

9