1 June 2022 false No description of principal activity Taxfiler 2023.11.1 SC502868business:PrivateLimitedCompanyLtd2022-06-012023-05-31 SC5028682022-05-31 SC5028682022-06-012023-05-31 SC502868business:AuditExemptWithAccountantsReport2022-06-012023-05-31 SC502868business:AbridgedAccounts2022-06-012023-05-31 SC5028682023-05-31 SC502868business:Director12022-06-012023-05-31 SC502868business:Director22022-06-012023-05-31 SC502868business:RegisteredOffice2022-06-012023-05-31 SC5028682022-05-31 SC502868core:WithinOneYear2023-05-31 SC502868core:WithinOneYear2022-05-31 SC502868core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC502868core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 SC502868core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC502868core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 SC502868core:PreviouslyStatedAmount2023-05-31 SC502868core:PreviouslyStatedAmount2022-05-31 SC502868business:SmallEntities2022-06-012023-05-31 SC502868countries:Scotland2022-06-012023-05-31 SC502868core:PlantMachinery2022-06-012023-05-31 SC502868core:MotorVehicles2022-06-012023-05-31 SC502868core:FurnitureFittings2022-06-012023-05-31 SC5028682021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC502868 (Scotland)
FHR Estates Limited Unaudited accounts for the year ended 31 May 2023
FHR Estates Limited Unaudited accounts Contents
Page
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FHR Estates Limited Company Information for the year ended 31 May 2023
Directors
G Leitch C Leitch
Company Number
SC502868 (Scotland)
Registered Office
The Green House Beechwood Business Park North Inverness IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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FHR Estates Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,952 
6,457 
Investment property
1,889,541 
1,889,541 
1,922,493 
1,895,998 
Current assets
Debtors
3,477 
129,245 
Cash at bank and in hand
61,375 
56,859 
64,852 
186,104 
Creditors: amounts falling due within one year
(1,581,629)
(1,743,891)
Net current liabilities
(1,516,777)
(1,557,787)
Total assets less current liabilities
405,716 
338,211 
Provisions for liabilities
Deferred tax
(7,348)
- 
Net assets
398,368 
338,211 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
398,266 
338,109 
Shareholders' funds
398,368 
338,211 
For the year ending 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by
G Leitch Director Company Registration No. SC502868
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FHR Estates Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
FHR Estates Limited is a private company, limited by shares, registered in Scotland, registration number SC502868. The registered office is The Green House, Beechwood Business Park North, Inverness, IV2 3BL.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
10% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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FHR Estates Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
16,850 
Additions
29,178 
At 31 May 2023
46,028 
Depreciation
At 1 June 2022
10,393 
Charge for the year
2,683 
At 31 May 2023
13,076 
Net book value
At 31 May 2023
32,952 
At 31 May 2022
6,457 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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