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REGISTERED NUMBER: 04590089 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FBR INVESTMENTS LIMITED

FBR INVESTMENTS LIMITED (REGISTERED NUMBER: 04590089)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FBR INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: R Osman
Mrs F Osman



REGISTERED OFFICE: 76 Quinton Road
Coventry
West Midlands
CV3 5FD



REGISTERED NUMBER: 04590089 (England and Wales)



ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB



BANKERS: National Westminster Bank Plc
Coventry Walsgrave Road
P.O. Box 303
118 Walsgrave Road
Coventry
West Midlands
CV3 5ZZ

FBR INVESTMENTS LIMITED (REGISTERED NUMBER: 04590089)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 80,400 80,400
Investment property 6 1,175,000 1,175,000
1,255,400 1,255,400

CURRENT ASSETS
Debtors 7 222,358 251,906
Cash at bank 90 708
222,448 252,614
CREDITORS
Amounts falling due within one year 8 450,967 440,327
NET CURRENT LIABILITIES (228,519 ) (187,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,026,881

1,067,687

CREDITORS
Amounts falling due after more than one
year

9

(279,145

)

(350,900

)

PROVISIONS FOR LIABILITIES (85,350 ) (85,350 )
NET ASSETS 662,386 631,437

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 11 623,898 623,898
Retained earnings 38,188 7,239
SHAREHOLDERS' FUNDS 662,386 631,437

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.

FBR INVESTMENTS LIMITED (REGISTERED NUMBER: 04590089)

BALANCE SHEET - 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 22 November 2023 and were signed on its behalf by:





R Osman - Director


FBR INVESTMENTS LIMITED (REGISTERED NUMBER: 04590089)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

FBR Investments 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.

The accounts are prepared on a going concern basis on the understanding that the company's bank, directors and other creditors will continue to support the company.

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.
Computer equipment - 33% 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.

The property is valued each year by the directors.

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 1 (2022 - 1 ) .

FBR INVESTMENTS LIMITED (REGISTERED NUMBER: 04590089)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 3,504
DEPRECIATION
At 1 April 2022
and 31 March 2023 3,504
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 80,400
NET BOOK VALUE
At 31 March 2023 80,400
At 31 March 2022 80,400

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,175,000
NET BOOK VALUE
At 31 March 2023 1,175,000
At 31 March 2022 1,175,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2006 509,697
Valuation in 2007 292,174
Valuation in 2008 35,161
Valuation in 2009 (410,879 )
Valuation in 2011 165,000
Valuation in 2014 185,000
Valuation in 2016 (285,000 )
Valuation in 2017 74,168
Valuation in 2021 136,168
Cost 473,511
1,175,000

FBR INVESTMENTS LIMITED (REGISTERED NUMBER: 04590089)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 473,511 473,511

Investment property was valued on an open market basis on 31 December 2020 by Nat West Bank Plc .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,675 60,675
Other debtors 161,683 191,231
222,358 251,906

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 101,246 101,470
Tax 31,890 23,580
VAT 1,165 1,165
Deposits held 1,225 1,225
Other creditors 165,040 165,040
Directors' current accounts 144,423 145,173
Accrued expenses 5,978 2,674
450,967 440,327

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 81,046 79,234
Bank loans - 2-5 years 155,679 213,796
Bank loans more 5 yr by instal 42,420 57,870
279,145 350,900

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 42,420 57,870

FBR INVESTMENTS LIMITED (REGISTERED NUMBER: 04590089)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 356,434 428,863

The bank loans are secured by a charge over all of the company's properties , together with personal guarantees given by the directors of £ 50,000.

The directors and share holders loans are secured by a second mortgage charge over the freehold properties owned by the company.

11. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 623,898

12. RELATED PARTY DISCLOSURES

Included in the accounts is £66,000 of rental income charged to the directors in respect of the rent of 90 Walsgrave Road and 76 Quinton Road during the year.