Company Registration No. 08243655 (England and Wales)
FANG FELTON LIMITED
Unaudited accounts
for the year ended 31 March 2023
FANG FELTON LIMITED
Unaudited accounts
Contents
FANG FELTON LIMITED
Company Information
for the year ended 31 March 2023
Company Number
08243655 (England and Wales)
Registered Office
UNIT A, 82 JAMES CARTER ROAD
MILDENHALL
BURY ST. EDMUNDS
SUFFOLK
IP28 7DE
ENGLAND
Accountants
The Accounting Studio (Consulting) Ltd
23 Downscroft Gardens
Hedge End
Southampton
Hampshire
SO30 4RR
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of FANG FELTON LIMITED for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FANG FELTON LIMITED for the year ended
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Accounting Studio (Consulting) Ltd
Chartered Accountants
23 Downscroft Gardens
Hedge End
Southampton
Hampshire
SO30 4RR
20 October 2023
FANG FELTON LIMITED
Statement of financial position
as at 31 March 2023
Investment property
-
125,000
Cash at bank and in hand
85,930
10,507
Creditors: amounts falling due within one year
(27,839)
(27,232)
Net current assets/(liabilities)
58,091
(16,725)
Total assets less current liabilities
58,091
108,275
Provisions for liabilities
Called up share capital
1
1
Revaluation reserve
-
11,980
Profit and loss account
58,090
93,484
Shareholders' funds
58,091
105,465
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 10 November 2023 and were signed on its behalf by
Fang FELTON
Director
Company Registration No. 08243655
FANG FELTON LIMITED
Notes to the Accounts
for the year ended 31 March 2023
FANG FELTON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08243655. The registered office is UNIT A, 82 JAMES CARTER ROAD, MILDENHALL, BURY ST. EDMUNDS, SUFFOLK, IP28 7DE, 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 year, 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.
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognized in profit or loss.
Fair value at 1 April 2022
125,000
The investment property was revalued at the end of the year by the director
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
596
-
Loans from directors
25,994
25,682
FANG FELTON LIMITED
Notes to the Accounts
for the year ended 31 March 2023
6
Deferred taxation
2023
2022
Revaluation of land and buildings
-
2,810
Provision at start of year
2,810
2,810
Credited to the profit and loss account
(2,810)
-
Provision at end of year
-
2,810
7
Transactions with related parties
During the year, investment property amounting £125,000 was sold to MFP Holdings Ltd, a company owned and controlled by a related party of Ms Fang Felton. The disposal was deemed to be a fair value.
The amount owed to MFP Holdings Ltd at the year end was £650.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).