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REGISTERED NUMBER: 01070873 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

N.R.FITCHETT & SON LIMITED

N.R.FITCHETT & SON LIMITED (REGISTERED NUMBER: 01070873)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.R.FITCHETT & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr NR Fitchett
Mrs JE Broadhurst
Mrs R E Whitaker



REGISTERED OFFICE: 38 School Lane
Old Woodhouse
Loughborough
Leicestershire
LE12 8UJ



REGISTERED NUMBER: 01070873 (England and Wales)



BANKERS: HSBC Bank plc
2-6 Gallowtree Gate
Leicester
LE1 1DA

N.R.FITCHETT & SON LIMITED (REGISTERED NUMBER: 01070873)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138 180
Investment property 5 150,000 150,000
150,138 150,180

CURRENT ASSETS
Debtors 6 12,015 2,007,058
Cash at bank 222,558 190,512
234,573 2,197,570
CREDITORS
Amounts falling due within one year 7 13,269 424,142
NET CURRENT ASSETS 221,304 1,773,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,442

1,923,608

CAPITAL AND RESERVES
Called up share capital 8 7,334 7,334
Investment revaluation reserve 9 115,835 382,679
Capital redemption reserve 9 2,666 2,666
Retained earnings 9 245,607 1,530,929
SHAREHOLDERS' FUNDS 371,442 1,923,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

N.R.FITCHETT & SON LIMITED (REGISTERED NUMBER: 01070873)

BALANCE SHEET - continued
30 NOVEMBER 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 19 March 2024 and were signed on its behalf by:




Mrs JE Broadhurst - Director



Mrs R E Whitaker - Director


N.R.FITCHETT & SON LIMITED (REGISTERED NUMBER: 01070873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

N.R.Fitchett & Son 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.

Turnover
Turnover represents the value of work done and rent receivable, excluding value added tax.

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 - 15% on reducing balance
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 3,227 2,791 6,018
DEPRECIATION
At 1 December 2022 3,127 2,711 5,838
Charge for year 15 27 42
At 30 November 2023 3,142 2,738 5,880
NET BOOK VALUE
At 30 November 2023 85 53 138
At 30 November 2022 100 80 180

N.R.FITCHETT & SON LIMITED (REGISTERED NUMBER: 01070873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 150,000
NET BOOK VALUE
At 30 November 2023 150,000
At 30 November 2022 150,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2018 150,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 159,814 159,814

The investment properties situated in the UK were valued on an open market basis on 15 June 2018 by James Blenkin & Partners.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,015 2,007,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,706 415,441
Other creditors 9,563 8,701
13,269 424,142

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
7,334 Ordinary £1 7,334 7,334

N.R.FITCHETT & SON LIMITED (REGISTERED NUMBER: 01070873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. RESERVES
Investment Capital
Retained revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 December 2022 1,530,929 382,679 2,666 1,916,274
Deficit for the year (52,166 ) (52,166 )
Dividends (1,500,000 ) (1,500,000 )
Transfer from Investment
revaluation reserve 266,844 - - 266,844
Transfers to Profit and loss
account - (266,844 ) - (266,844 )
At 30 November 2023 245,607 115,835 2,666 364,108

10. RELATED PARTY DISCLOSURES

The company is under the control of the directors and their immediate family members.