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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
Page
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FANG FELTON LIMITED Company Information for the year ended 31 March 2023
Director
Fang FELTON
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
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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
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FANG FELTON LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
- 
125,000 
Current assets
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
Deferred tax
- 
(2,810)
Net assets
58,091 
105,465 
Capital and reserves
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
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FANG FELTON LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
125,000 
Disposals
(125,000)
At 31 March 2023
- 
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 
- 
Other creditors
650 
650 
Loans from directors
25,994 
25,682 
Accruals
599 
900 
27,839 
27,232 
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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 
2023 
2022 
£ 
£ 
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).
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