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
FUSION REAL ESTATE LIMITED
Statement of financial position
as at 31 March 2023
Investment property
240,308
107,188
Cash at bank and in hand
1,599
552
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)
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
FUSION REAL ESTATE LIMITED
Notes to the Accounts
for the period from 1 January 2022 to 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 January 2022
107,188
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2021
Taxes and social security
109
-
Loans from directors
87,563
-
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
FUSION REAL ESTATE LIMITED
Notes to the Accounts
for the period from 1 January 2022 to 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
19,755
-
19,755
-
9
Average number of employees
During the period the average number of employees was 0 (2021: 0).