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Registration number: 00812861

Fine Prices Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2023

 

Fine Prices Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 3

 

Fine Prices Limited

(Registration number: 00812861)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

100,731

101,308

Investments

5

3,512,268

3,475,122

 

3,612,999

3,576,430

Creditors: Amounts falling due within one year

6

(5,118)

(5,094)

Net assets

 

3,607,881

3,571,336

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

3,499,016

3,461,870

Profit and loss account

108,765

109,366

Shareholders' funds

 

3,607,881

3,571,336

For the financial year ending 31 March 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 year 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 31 July 2023
 

.........................................
Mrs S F Stillwell
Director

 

Fine Prices Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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: Linsford Farm House, Linsford Business Centre, Linsford Lane Mytchett, Surrey, GU16 6DJ.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Investments in group company equity shares for which fair value can be measured reliably are measured at fair value with changes in fair value recognised in profit or loss.

Dividends on equity securities are recognised in income when receivable.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings

100,731

101,308

 

100,731

101,308

 

Fine Prices Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Current asset investments

2023
£

2022
£

Shares in group undertakings

3,512,268

3,475,122

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Accruals and deferred income

588

564

Other creditors

4,530

4,530

5,118

5,094