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Company Registration No. 09800161 (England and Wales)
FM Property Ltd Unaudited accounts for the year ended 30 September 2023
FM Property Ltd Unaudited accounts Contents
Page
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FM Property Ltd Company Information for the year ended 30 September 2023
Director
Ffion Mair Wilson
Company Number
09800161 (England and Wales)
Registered Office
Tregibby Farm Gwbert Road Cardigan Ceredigion SY43 1PH United Kingdom
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FM Property Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,664 
13,567 
Investment property
339,066 
339,066 
350,730 
352,633 
Current assets
Debtors
3,080 
- 
Cash at bank and in hand
12,710 
17,331 
15,790 
17,331 
Creditors: amounts falling due within one year
(173,135)
(184,981)
Net current liabilities
(157,345)
(167,650)
Total assets less current liabilities
193,385 
184,983 
Provisions for liabilities
Deferred tax
(2,216)
(591)
Net assets
191,169 
184,392 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
191,069 
184,292 
Shareholders' funds
191,169 
184,392 
For the year ending 30 September 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 7 February 2024 and were signed on its behalf by
Ffion Mair Wilson Director Company Registration No. 09800161
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FM Property Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
FM Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 09800161. The registered office is Tregibby Farm, Gwbert Road, Cardigan, Ceredigion, SY43 1PH, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. 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.
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% reducing balance
Fixtures & fittings
20% reducing balance
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The financial statements have been prepared on a going concern basis.
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FM Property Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
12,800 
12,013 
24,813 
At 30 September 2023
12,800 
12,013 
24,813 
Depreciation
At 1 October 2022
2,346 
8,900 
11,246 
Charge for the year
1,280 
623 
1,903 
At 30 September 2023
3,626 
9,523 
13,149 
Net book value
At 30 September 2023
9,174 
2,490 
11,664 
At 30 September 2022
10,454 
3,113 
13,567 
5
Investment property
2023 
£ 
Fair value at 1 October 2022
339,066 
At 30 September 2023
339,066 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,080 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,387 
5,163 
Loans from directors
167,776 
179,036 
Accruals
1,140 
782 
Deferred income
1,832 
- 
173,135 
184,981 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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