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Company Registration No. 10507327 (England and Wales)
FUSION REAL ESTATE LIMITED Unaudited accounts for the period from 1 January 2022 to 31 March 2023
FUSION REAL ESTATE LIMITED Company Information for the period from 1 January 2022 to 31 March 2023
Directors
Kutirai Ngundu Tsungai Ngundu
Company Number
10507327 (England and Wales)
Registered Office
32 LANES END LANES END BRISLINGTON BRISTOL Bristol BS4 5DP ENGLAND
Accountants
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Croydon CR2 6EA
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FUSION REAL ESTATE LIMITED Statement of financial position as at 31 March 2023
2023 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
240,308 
107,188 
Current assets
Debtors
- 
19,755 
Cash at bank and in hand
1,599 
552 
1,599 
20,307 
Creditors: amounts falling due within one year
(88,152)
(330)
Net current (liabilities)/assets
(86,553)
19,977 
Total assets less current liabilities
153,755 
127,165 
Creditors: amounts falling due after more than one year
(153,191)
(128,781)
Net assets/(liabilities)
564 
(1,616)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
464 
(1,716)
Shareholders' funds
564 
(1,616)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by
Kutirai Ngundu Director Company Registration No. 10507327
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FUSION REAL ESTATE LIMITED Notes to the Accounts for the period from 1 January 2022 to 31 March 2023
1
Statutory information
FUSION REAL ESTATE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10507327. The registered office is 32 LANES END LANES END, BRISLINGTON, BRISTOL, Bristol, BS4 5DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 January 2022
107,188 
Additions
133,120 
At 31 March 2023
240,308 
5
Debtors
2023 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
19,755 
6
Creditors: amounts falling due within one year
2023 
2021 
£ 
£ 
Taxes and social security
109 
- 
Loans from directors
87,563 
- 
Accruals
480 
330 
88,152 
330 
7
Creditors: amounts falling due after more than one year
2023 
2021 
£ 
£ 
Bank loans
153,191 
128,781 
Mortgage Loan: £117,016 Bank Loan £36,175
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FUSION REAL ESTATE LIMITED Notes to the Accounts for the period from 1 January 2022 to 31 March 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kutirai Ngundu
Directors Loan
19,755 
- 
19,755 
- 
19,755 
- 
19,755 
- 
9
Average number of employees
During the period the average number of employees was 0 (2021: 0).
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