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REGISTERED NUMBER: 10136058 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FACILITY REVIEW LTD

FACILITY REVIEW LTD (REGISTERED NUMBER: 10136058)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FACILITY REVIEW LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr M B Knipe



REGISTERED OFFICE: Dartana
Forder
Saltash
Cornwall
PL12 4QR



REGISTERED NUMBER: 10136058 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: NatWest Bank Plc
12-16 Old Town Street
Plymouth
Devon
PL1 1DG

FACILITY REVIEW LTD (REGISTERED NUMBER: 10136058)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 55,484 79,232
Cash at bank 1,603 6,723
57,087 85,955
CREDITORS
Amounts falling due within one year 5 38,738 41,956
NET CURRENT ASSETS 18,349 43,999
TOTAL ASSETS LESS CURRENT LIABILITIES 18,349 43,999

CREDITORS
Amounts falling due after more than one
year

6

37,363

43,270
NET (LIABILITIES)/ASSETS (19,014 ) 729

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,114 ) 629
SHAREHOLDERS' FUNDS (19,014 ) 729

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





Mr M B Knipe - Director


FACILITY REVIEW LTD (REGISTERED NUMBER: 10136058)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Facility Review 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 - 2 ).

FACILITY REVIEW LTD (REGISTERED NUMBER: 10136058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 18,619 9,927
Amounts recoverable on contract 1,000 1,000
Other debtors 20,416 20,416
Directors' current accounts 6,399 31,135
46,434 62,478

Amounts falling due after more than one year:
Tax 9,050 16,754

Aggregate amounts 55,484 79,232

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,906 10,941
Trade creditors 1,623 1,046
Tax 7,050 19,400
Social security and other taxes 14 222
VAT - 8,770
Other creditors 17,072 113
Accrued expenses 2,073 1,464
38,738 41,956

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 37,363 43,270

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr M B Knipe
Balance outstanding at start of year 31,135 52,759
Amounts advanced 16,648 37,416
Amounts repaid (41,384 ) (59,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,399 31,135

Loans are unsecured, interest free and repayable on demand.

FACILITY REVIEW LTD (REGISTERED NUMBER: 10136058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. GOVERNMENT BACK LOANS

The bounce back loan is 100% underwritten by the government as part of the covid support scheme.