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REGISTERED NUMBER: 05634891 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

FLEETWOOD INVESTMENTS LIMITED

FLEETWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 05634891)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLEETWOOD INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: R F Kilby





SECRETARY: M E Stopher





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 05634891 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

FLEETWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 05634891)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,595,000 5,215,000

CURRENT ASSETS
Stocks 936,780 1,690,984
Debtors 5 3,738,501 1,909,197
Cash at bank 73,642 390,445
4,748,923 3,990,626
CREDITORS
Amounts falling due within one year 6 53,546 63,074
NET CURRENT ASSETS 4,695,377 3,927,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,290,377

9,142,552

CREDITORS
Amounts falling due after more than one
year

7

(4,386,000

)

(4,386,000

)

PROVISIONS FOR LIABILITIES 9 (62,321 ) (41,585 )
NET ASSETS 4,842,056 4,714,967

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 4,841,956 4,714,867
SHAREHOLDERS' FUNDS 4,842,056 4,714,967

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 18 March 2024 and were signed by:



R F Kilby - Director


FLEETWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 05634891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Fleetwood 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rent receivable on rented investment properties and is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Rental income is recognised in the period that the rent is due.

Investment property
In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The director considers that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks of properties are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


FLEETWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 05634891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
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 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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 5,215,000
Disposals (620,000 )
At 31 October 2023 4,595,000
NET BOOK VALUE
At 31 October 2023 4,595,000
At 31 October 2022 5,215,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 4,595,000

Investment property was valued on an open market basis on 31 October 2023 by the director who is a qualified (FRICS) Chartered Surveyor. On a historical cost basis the investment properties would have been included at an original cost of £2,649,080 (2022 - £3,037,080).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 3,056,879 1,909,197
Other debtors 681,622 -
3,738,501 1,909,197

FLEETWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: 05634891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 34,121 43,876
Other creditors 19,425 19,198
53,546 63,074

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 4,386,000 4,386,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 4,386,000 4,386,000

The company bank loans are secured over the company's freehold and leasehold properties.

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 62,321 41,585

Deferred
tax
£   
Balance at 1 November 2022 41,585
Provided during year 20,736
Balance at 31 October 2023 62,321

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has given a personal guarantee of £400,000.

12. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Fleetwood Developments Limited, a company registered in England and Wales.

These accounts present information about the company as an individual undertaking. Group accounts are not prepared because the group qualifies as a small group.