IRIS Accounts Production v23.3.0.418 12161476 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121614762022-08-31121614762023-08-31121614762022-09-012023-08-31121614762021-08-31121614762021-09-012022-08-31121614762022-08-3112161476ns10:Originalns15:EnglandWales2022-09-012023-08-3112161476ns14:PoundSterlingns10:Original2022-09-012023-08-3112161476ns10:Originalns10:Director12022-09-012023-08-3112161476ns10:Original2022-09-012023-08-3112161476ns10:Original2023-08-3112161476ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3112161476ns10:Originalns10:SmallEntities2022-09-012023-08-3112161476ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3112161476ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3112161476ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3112161476ns10:Originalns10:FullAccounts2022-09-012023-08-3112161476ns10:Originalns10:Director22022-09-012023-08-3112161476ns10:Originalns10:RegisteredOffice2022-09-012023-08-3112161476ns10:Original2022-08-3112161476ns10:Originalns5:CurrentFinancialInstruments2023-08-3112161476ns10:Originalns5:CurrentFinancialInstruments2022-08-3112161476ns10:Originalns5:Non-currentFinancialInstruments2023-08-3112161476ns10:Originalns5:Non-currentFinancialInstruments2022-08-3112161476ns5:ShareCapitalns10:Original2023-08-3112161476ns5:ShareCapitalns10:Original2022-08-3112161476ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3112161476ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3112161476ns10:Original2021-09-012022-08-3112161476ns10:Original2022-08-3112161476ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3112161476ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3112161476ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3112161476ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-08-3112161476ns5:Securedns10:Original2023-08-3112161476ns5:Securedns10:Original2022-08-31
REGISTERED NUMBER: 12161476 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

FURMINGER PROPERTIES LTD

FURMINGER PROPERTIES LTD (REGISTERED NUMBER: 12161476)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FURMINGER PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr N Furminger
Mrs M C Furminger





REGISTERED OFFICE: 26 Headland Avenue
Seaford
East Sussex
BN25 4PZ





REGISTERED NUMBER: 12161476 (England and Wales)






FURMINGER PROPERTIES LTD (REGISTERED NUMBER: 12161476)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 657,693 657,693

CURRENT ASSETS
Debtors 5 2,620 3,070
Cash at bank 25,485 23,284
28,105 26,354
CREDITORS
Amounts falling due within one year 6 362,381 362,080
NET CURRENT LIABILITIES (334,276 ) (335,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,417

321,967

CREDITORS
Amounts falling due after more than one year 7 300,710 300,812
NET ASSETS 22,707 21,155

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 22,577 21,025
22,707 21,155

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mrs M C Furminger - Director


FURMINGER PROPERTIES LTD (REGISTERED NUMBER: 12161476)

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

1. STATUTORY INFORMATION

Furminger Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 657,693
NET BOOK VALUE
At 31 August 2023 657,693
At 31 August 2022 657,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,620 3,070

FURMINGER PROPERTIES LTD (REGISTERED NUMBER: 12161476)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 364 3,607
Other creditors 362,017 358,473
362,381 362,080

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 300,710 300,812

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 300,710 300,812

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 300,710 300,812

There is a charge in favour of Paragon Bank Plc dated 3 December 2019. The charge is by way of a mortgage on the property to which it relates.

There is also a charge in favour of Nottingham Building Society dated 26 January 2021. The charge is by way of a mortgage on the property to which it relates.