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FALMOUTH BUSINESS PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






FALMOUTH BUSINESS PARK LIMITED (REGISTERED NUMBER: 09689425)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FALMOUTH BUSINESS PARK LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: Dr A Huxham
P Wickes MBE
S J Potter
R P Edwards
L Chadwick





REGISTERED OFFICE: Ocean View
9 Richmond Close
Torquay
Devon
TQ1 2PW





REGISTERED NUMBER: 09689425 (England and Wales)





ACCOUNTANTS: Barretts
Chartered Accountants &
Chartered Tax Advisers
22 Union Street
Newton Abbot
Devon
TQ12 2JS

FALMOUTH BUSINESS PARK LIMITED (REGISTERED NUMBER: 09689425)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 47,874 47,874
47,875 47,875

CURRENT ASSETS
Debtors 6 547 515
Cash at bank 65,264 56,271
65,811 56,786
CREDITORS
Amounts falling due within one year 7 10,646 10,355
NET CURRENT ASSETS 55,165 46,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,040

94,306

CAPITAL AND RESERVES
Called up share capital 8 9 9
Other reserves 9 10,000 10,000
Retained earnings 9 93,031 84,297
SHAREHOLDERS' FUNDS 103,040 94,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

FALMOUTH BUSINESS PARK LIMITED (REGISTERED NUMBER: 09689425)

BALANCE SHEET - continued
30 September 2023


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 Income Statement 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:





Dr A Huxham - Director


FALMOUTH BUSINESS PARK LIMITED (REGISTERED NUMBER: 09689425)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Falmouth Business Park Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 Income Statement, 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 - NIL).

FALMOUTH BUSINESS PARK LIMITED (REGISTERED NUMBER: 09689425)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022
and 30 September 2023 4,917
DEPRECIATION
At 1 October 2022
and 30 September 2023 4,916
NET BOOK VALUE
At 30 September 2023 1
At 30 September 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 47,874
NET BOOK VALUE
At 30 September 2023 47,874
At 30 September 2022 47,874

In the opinion of the directors the fair value is not materially different from the cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 547 515

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,289 420
VAT 827 1,056
Accruals and deferred income 8,530 8,879
10,646 10,355

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9 Ordinary £1 9 9

FALMOUTH BUSINESS PARK LIMITED (REGISTERED NUMBER: 09689425)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 October 2022 84,297 10,000 94,297
Profit for the year 8,734 8,734
At 30 September 2023 93,031 10,000 103,031