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REGISTERED NUMBER: 03223449 (England and Wales)












Financial Statements

for the Year Ended 31st January 2024

for

FALLOW SERVICES LIMITED

FALLOW SERVICES LIMITED (REGISTERED NUMBER: 03223449)

Contents of the Financial Statements
for the year ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FALLOW SERVICES LIMITED

Company Information
for the year ended 31st January 2024







DIRECTORS: P R Halsey
S Halsey



SECRETARY: P R Halsey



REGISTERED OFFICE: 22 Normandy Drive
Berkhamsted
Hertfordshire
HP4 1JW



REGISTERED NUMBER: 03223449 (England and Wales)



ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



BANKERS: National Westminster Bank
199 High Street
Berkhamsted
Hertfordshire
HP4 1AW

FALLOW SERVICES LIMITED (REGISTERED NUMBER: 03223449)

Balance Sheet
31st January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 747 2,954
Investment property 5 415,000 415,000
415,747 417,954

CURRENT ASSETS
Debtors 6 14,439 14,688
Cash at bank 79,774 70,426
94,213 85,114
CREDITORS
Amounts falling due within one year 7 9,351 10,477
NET CURRENT ASSETS 84,862 74,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,609

492,591

PROVISIONS FOR LIABILITIES 6,397 6,816
NET ASSETS 494,212 485,775

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 494,112 485,675
SHAREHOLDERS' FUNDS 494,212 485,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

FALLOW SERVICES LIMITED (REGISTERED NUMBER: 03223449)

Balance Sheet - continued
31st January 2024


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 25th March 2024 and were signed on its behalf by:





P R Halsey - Director


FALLOW SERVICES LIMITED (REGISTERED NUMBER: 03223449)

Notes to the Financial Statements
for the year ended 31st January 2024


1. STATUTORY INFORMATION

FALLOW SERVICES 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is revalued annually at fair value.

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 (2023 - 1 ) .

FALLOW SERVICES LIMITED (REGISTERED NUMBER: 03223449)

Notes to the Financial Statements - continued
for the year ended 31st January 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st February 2023 14,246 4,708 18,954
Disposals (14,246 ) - (14,246 )
At 31st January 2024 - 4,708 4,708
DEPRECIATION
At 1st February 2023 12,288 3,712 16,000
Charge for year - 249 249
Eliminated on disposal (12,288 ) - (12,288 )
At 31st January 2024 - 3,961 3,961
NET BOOK VALUE
At 31st January 2024 - 747 747
At 31st January 2023 1,958 996 2,954

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023
and 31st January 2024 415,000
NET BOOK VALUE
At 31st January 2024 415,000
At 31st January 2023 415,000

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2003 142,321
Valuation in 2016 65,000
Cost 207,679
415,000

FALLOW SERVICES LIMITED (REGISTERED NUMBER: 03223449)

Notes to the Financial Statements - continued
for the year ended 31st January 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 13,440 13,768
Prepayments and accrued income 999 920
14,439 14,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Tax 2,047 2,025
Directors' current accounts - 1,256
Deferred income 5,000 5,000
Accrued expenses 2,304 2,196
9,351 10,477

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
100 Ordinary £1 100 100