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Unaudited Financial Statements for the Year Ended 31 July 2023

for

F & G Enterprises Limited

F & G Enterprises Limited (Registered number: SC105450)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F & G Enterprises Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: F Gianni
Mrs. G I Gianni





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC105450 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

F & G Enterprises Limited (Registered number: SC105450)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 769,469 865,660

CURRENT ASSETS
Debtors 5 6,792 6,792
Cash at bank 51,234 194
58,026 6,986
CREDITORS
Amounts falling due within one year 6 43,370 37,444
NET CURRENT ASSETS/(LIABILITIES) 14,656 (30,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

784,125

835,202

CREDITORS
Amounts falling due after more than one year 7 368,973 500,561
NET ASSETS 415,152 334,641

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 105,911 125,894
Retained earnings 309,239 208,745
SHAREHOLDERS' FUNDS 415,152 334,641

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

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

F & G Enterprises Limited (Registered number: SC105450)

Balance Sheet - continued
31 July 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 28 March 2024 and were signed on its behalf by:





F Gianni - Director


F & G Enterprises Limited (Registered number: SC105450)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

F & G Enterprises Limited is a private company, limited by shares , registered in Scotland. 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 rents received during the year.

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 - 15% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 942,506 106,699 1,049,205
Additions 106,440 - 106,440
Disposals (202,351 ) - (202,351 )
At 31 July 2023 846,595 106,699 953,294
DEPRECIATION
At 1 August 2022 78,712 104,833 183,545
Charge for year - 280 280
At 31 July 2023 78,712 105,113 183,825
NET BOOK VALUE
At 31 July 2023 767,883 1,586 769,469
At 31 July 2022 863,794 1,866 865,660

F & G Enterprises Limited (Registered number: SC105450)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 July 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2004 105,911 - 105,911
Cost 740,684 106,699 847,383
846,595 106,699 953,294

If heritable property had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 816,612 816,612

Heritable properties were valued on an open market basis on 7 July 2004 by D.M. Hall .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 6,792 6,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 9,222 257
Other creditors 34,148 37,187
43,370 37,444

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 7,083 9,583
Other creditors 361,890 490,978
368,973 500,561

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 361,890 490,978

F & G Enterprises Limited (Registered number: SC105450)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Revaluation
reserve
£   
At 1 August 2022 125,894
Revaluation (19,983 )

At 31 July 2023 105,911