0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-20 Sage Accounts Production Advanced 2023 - FRS102_2023 131,364 131,364 131,364 49,715 xbrli:pure xbrli:shares iso4217:GBP 14606992 2023-01-20 2024-01-31 14606992 2024-01-31 14606992 2023-01-19 14606992 bus:Director1 2023-01-20 2024-01-31 14606992 bus:Director2 2023-01-20 2024-01-31 14606992 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-20 2024-01-31 14606992 core:WithinOneYear 2024-01-31 14606992 core:AfterOneYear 2024-01-31 14606992 core:SharePremium 2024-01-31 14606992 core:RetainedEarningsAccumulatedLosses 2024-01-31 14606992 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 14606992 bus:SmallEntities 2023-01-20 2024-01-31 14606992 bus:AuditExemptWithAccountantsReport 2023-01-20 2024-01-31 14606992 bus:SmallCompaniesRegimeForAccounts 2023-01-20 2024-01-31 14606992 bus:PrivateLimitedCompanyLtd 2023-01-20 2024-01-31 14606992 bus:FullAccounts 2023-01-20 2024-01-31 14606992 core:KeyManagementIndividualGroup1 2024-01-31 14606992 core:KeyManagementIndividualGroup1 2023-01-20 2024-01-31
COMPANY REGISTRATION NUMBER: 14606992
FG & S Properties Limited
Filleted Unaudited Financial Statements
31 January 2024
FG & S Properties Limited
Statement of Financial Position
31 January 2024
31 Jan 24
Note
£
Fixed assets
Tangible assets
4
131,364
Current assets
Debtors
5
183
Cash at bank and in hand
8,196
-------
8,379
Creditors: amounts falling due within one year
6
5,696
-------
Net current assets
2,683
---------
Total assets less current liabilities
134,047
Creditors: amounts falling due after more than one year
7
140,462
---------
Net liabilities
( 6,415)
---------
Capital and reserves
Share premium account
100
Profit and loss account
( 6,515)
-------
Shareholders deficit
( 6,415)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FG & S Properties Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 23 April 2024 , and are signed on behalf of the board by:
Mr A Stanley
Mr R Freeman-Gray
Director
Director
Company registration number: 14606992
FG & S Properties Limited
Notes to the Financial Statements
Period from 20 January 2023 to 31 January 2024
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is Unit 5 Minton Place, Victoria Road, Bicester, OX26 6QB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. Tangible assets
Freehold property
£
Cost
At 20 January 2023
Additions
131,364
---------
At 31 January 2024
131,364
---------
Depreciation
At 20 January 2023 and 31 January 2024
---------
Carrying amount
At 31 January 2024
131,364
---------
Included within the above is investment property as follows:
£
At 20 January 2023
Additions
131,114
---------
At 31 January 2024
131,114
---------
The effective date of the valuation was 31 January 2024 and the fair value basis was adopted based on an independent valuation.
5. Debtors
31 Jan 24
£
Other debtors
183
----
6. Creditors: amounts falling due within one year
31 Jan 24
£
Other creditors
5,696
-------
7. Creditors: amounts falling due after more than one year
31 Jan 24
£
Other creditors
140,462
---------
8. Related party transactions
Included within other creditor is a balance of £ 49,715 owed to the directors. No interest is charged on the loan and there is no fixed date of repayment.