Company Registration No. 07174048 (England and Wales)
FR Properties (Development) Limited
Unaudited accounts
for the year ended 31 March 2023
FR Properties (Development) Limited
Unaudited accounts
Contents
FR Properties (Development) Limited
Company Information
for the year ended 31 March 2023
Company Number
07174048 (England and Wales)
Registered Office
20 East Drive
Brighton
BN2 0BQ
FR Properties (Development) Limited
Statement of financial position
as at 31 March 2023
Tangible assets
15,000
15,000
Cash at bank and in hand
16,988
48,476
Creditors: amounts falling due within one year
(47,348)
(39,375)
Net current assets
365,097
398,730
Total assets less current liabilities
380,097
413,730
Creditors: amounts falling due after more than one year
(399,562)
(433,076)
Net liabilities
(19,465)
(19,346)
Called up share capital
1,000
1,000
Profit and loss account
(20,465)
(20,346)
Shareholders' funds
(19,465)
(19,346)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2024 and were signed on its behalf by
P Sansbury
Director
Company Registration No. 07174048
FR Properties (Development) Limited
Notes to the Accounts
for the year ended 31 March 2023
FR Properties (Development) Limited is a private company, limited by shares, registered in England and Wales, registration number 07174048. The registered office is 20 East Drive, Brighton, BN2 0BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Computer equipment
33.3% Straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
15,000
353
12,822
28,175
At 31 March 2023
15,000
353
12,822
28,175
At 1 April 2022
-
353
12,822
13,175
At 31 March 2023
-
353
12,822
13,175
At 31 March 2023
15,000
-
-
15,000
At 31 March 2022
15,000
-
-
15,000
Amounts falling due within one year
Amounts due from group undertakings etc.
394,871
389,628
FR Properties (Development) Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
3,332
Other creditors
30,473
32,348
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
372,895
389,725
8
Transactions with related parties
As at the reporting date, the company was owed £372,895 (2022 - £389,628) from five related companies. All companies are related by virtue of sharing the same Director.
The ultimate controlling party is P Sansbury.
The immediate parent holding 100% of the share capital is FRPD Holding Ltd, a company registered in England & Wales.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).