2022-04-012023-03-312023-03-31false03020771FINEDGE ESTATES 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FINEDGE ESTATES LIMITED

Registered Number
03020771
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

FINEDGE ESTATES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

MEHTA, Jayesh Chandrakant
SHAH, Samir Pravin
SHAH, Sonal Samir

Company Secretary

SHAH, Samir Pravin

Registered Address

10 Hazel Gardens
Edgware
HA8 8PE

Registered Number

03020771 (England and Wales)
FINEDGE ESTATES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3310,696267,134
Investments4-34,000
310,696301,134
Current assets
Debtors12,4156,915
Cash at bank and on hand15,16818,639
27,58325,554
Creditors amounts falling due within one year(15,912)(4,905)
Net current assets (liabilities)11,67120,649
Total assets less current liabilities322,367321,783
Creditors amounts falling due after one year(108,000)(108,000)
Net assets214,367213,783
Capital and reserves
Called up share capital100100
Revaluation reserve202,673202,673
Profit and loss account11,59411,010
Shareholders' funds214,367213,783
The financial statements were approved and authorised for issue by the Board of Directors on 7 March 2024, and are signed on its behalf by:
MEHTA, Jayesh Chandrakant
Director
Registered Company No. 03020771
FINEDGE ESTATES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 22267,134
Additions43,562
At 31 March 23310,696
Net book value
At 31 March 23310,696
At 31 March 22267,134
4.Fixed asset investments

Total

£
Cost or valuation
At 01 April 2234,000
Disposals(34,000)
Net book value
At 31 March 23-
At 31 March 2234,000