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Registered Number: 10766649
England and Wales

 

 

 

FREDERICKS PROPERTIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts FREDERICKS PROPERTIES LTD for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FREDERICKS PROPERTIES LTD for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of FREDERICKS PROPERTIES LTD , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of FREDERICKS PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of FREDERICKS PROPERTIES LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FREDERICKS PROPERTIES LTD and its Board of Directors as a body for our work or for this report
It is your duty to ensure that FREDERICKS PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit FREDERICKS PROPERTIES LTD. You consider that FREDERICKS PROPERTIES LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of FREDERICKS PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Doyles
51 Station Road
Marston Green
Birmingham
West Midlands
B37 7AB
22 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Current assets      
Stocks 967,497    532,608 
Debtors: amounts falling due within one year 2,521    4,149 
Cash at bank and in hand 7,812    158,831 
977,830    695,588 
Creditors: amount falling due within one year (954,304)   (690,341)
Net current assets 23,526    5,247 
 
Total assets less current liabilities 23,526    5,247 
Net assets 23,526    5,247 
 

Capital and reserves
     
Called up share capital 3 100    100 
Profit and loss account 23,426    5,147 
Shareholder's funds 23,526    5,247 
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 22 February 2024 and were signed on its behalf by:


-------------------------------
Stuart Fredericks
Director
2
General Information
FREDERICKS PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10766649, registration address 51 Station Road, Marston Green, Birmingham, West MIdlands, B37 7AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

4.

Ultimate Controlling Parties

The ultimate controlling parties are the directors, by virtue of their 50% shareholding (each) of the company's issued share capital
3