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REGISTERED NUMBER: 03290551 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FITZSIMON HOLDINGS LIMITED

FITZSIMON HOLDINGS LIMITED (REGISTERED NUMBER: 03290551)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FITZSIMON HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mrs R D Arnold
J M Arnold





SECRETARY: J M Arnold





REGISTERED OFFICE: Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX





REGISTERED NUMBER: 03290551 (England and Wales)





ACCOUNTANTS: H & E Johnson
Chartered Accountants
Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX

FITZSIMON HOLDINGS LIMITED (REGISTERED NUMBER: 03290551)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 14,503,000 11,296,491
14,503,000 11,296,491

CURRENT ASSETS
Debtors 6 36,154 33,889
Cash at bank 64,389 82,958
100,543 116,847
CREDITORS
Amounts falling due within one year 7 2,031,140 2,219,612
NET CURRENT LIABILITIES (1,930,597 ) (2,102,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,572,403

9,193,726

PROVISIONS FOR LIABILITIES 726,526 181,419
NET ASSETS 11,845,877 9,012,307

CAPITAL AND RESERVES
Called up share capital 600 600
Share premium 599,400 599,400
Revaluation reserve 8 5,758,954 5,758,954
Retained earnings 5,486,923 2,653,353
SHAREHOLDERS' FUNDS 11,845,877 9,012,307

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

FITZSIMON HOLDINGS LIMITED (REGISTERED NUMBER: 03290551)

STATEMENT OF FINANCIAL POSITION - continued
31 March 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 21 November 2023 and were signed on its behalf by:




Mrs R D Arnold - Director



J M Arnold - Director


FITZSIMON HOLDINGS LIMITED (REGISTERED NUMBER: 03290551)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Fitzsimon Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents commissions and rents receivable.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 2,999
DEPRECIATION
At 1 April 2022
and 31 March 2023 2,999
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

FITZSIMON HOLDINGS LIMITED (REGISTERED NUMBER: 03290551)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 11,296,491
Revaluations 3,206,509
At 31 March 2023 14,503,000
NET BOOK VALUE
At 31 March 2023 14,503,000
At 31 March 2022 11,296,491

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2010 3,436,616
Valuation in 2017 2,322,337
Valuation in 2018 (1,255,165 )
Valuation in 2023 3,206,509
Cost 6,792,703
14,503,000

If freehold properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 6,792,703 6,792,703

Freehold properties were valued on an open market basis on 31 March 2023 by the directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Rental debtors 2,817 2,744
Prepayments and accrued income 20,000 20,000
Prepayments 13,337 11,145
36,154 33,889

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 40,385 44,869
Other creditors 1,990,755 2,174,743
2,031,140 2,219,612

FITZSIMON HOLDINGS LIMITED (REGISTERED NUMBER: 03290551)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 5,758,954