REGISTERED NUMBER: |
F & B INGRAM LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
REGISTERED NUMBER: |
F & B INGRAM LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
F & B INGRAM LIMITED (REGISTERED NUMBER: 00621908) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 SEPTEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
F & B INGRAM LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 SEPTEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
and Statutory Auditors |
8 Church Green East |
Redditch |
Worcestershire |
B98 8BP |
F & B INGRAM LIMITED (REGISTERED NUMBER: 00621908) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
30.9.23 | 30.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non distributable reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
F & B INGRAM LIMITED (REGISTERED NUMBER: 00621908) |
BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
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. |
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 |
F & B INGRAM LIMITED (REGISTERED NUMBER: 00621908) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
F & B Ingram Limited is a |
2. | ACCOUNTING POLICIES |
Accounting convention |
Turnover |
Turnover represents the total income receivable from property rents. |
Tangible fixed assets |
Investment property |
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. |
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 |
F & B INGRAM LIMITED (REGISTERED NUMBER: 00621908) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 SEPTEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2022 |
and 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2022 |
and 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
Included in fair value of investment property is freehold land of £ 150,948 (2022 - £ 150,948 ) which is not depreciated. |
Fair value at 30 September 2023 is represented by: |
£ |
Valuation in 2021 | 601,793 |
Cost | 1,220,102 |
1,821,895 |
If the investment properties had not been revalued they would have been included at the following historical cost: |
30.9.23 | 30.9.22 |
£ | £ |
Cost | 1,220,102 | 1,220,102 |
The investment properties were valued on an open market basis on 30 September 2021 by Mrs B L Harding (director) |
F & B INGRAM LIMITED (REGISTERED NUMBER: 00621908) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 SEPTEMBER 2023 |
5. | INVESTMENT PROPERTY - continued |
The investment properties were last professionally valued on an open market basis during the year ended 30 September 2013 by Green & Company Professional Services, Jeremy McGinn & Co and John H Cranmer & Co, Chartered Surveyors. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Trade debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Bank loans |
Included within bank loans due after more than one year is an amount of £Nil (2022 : £66,000) due after more than 5 years by instalments. |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.23 | 30.9.22 |
£ | £ |
Bank loans |
10. | ULTIMATE CONTROLLING PARTY |
Due to the nature of the shareholding, there is no ultimate controlling party. |