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REGISTERED NUMBER: 10512877 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 30 September 2023

for

Fat Salmon Estates Limited

Fat Salmon Estates Limited (Registered number: 10512877)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Fat Salmon Estates Limited (Registered number: 10512877)

Abridged Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 230,000 225,000

CURRENT ASSETS
Debtors - 761
Cash at bank 1,433 8,489
1,433 9,250
CREDITORS
Amounts falling due within one year 170,401 181,970
NET CURRENT LIABILITIES (168,968 ) (172,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,032

52,280

PROVISIONS FOR LIABILITIES 950 8,749
NET ASSETS 60,082 43,531

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,982 43,431
60,082 43,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Fat Salmon Estates Limited (Registered number: 10512877)

Abridged Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





Mr E R P Orgee - Director


Fat Salmon Estates Limited (Registered number: 10512877)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Fat Salmon Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10512877

Registered office: Unit 7, Portway Motor Centre
Alcester Road
Portway
Birmingham
West Midlands
B48 7JA

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
All investment properties are 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 for. Changes in fair value are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Fat Salmon Estates Limited (Registered number: 10512877)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 225,000
Revaluations 5,000
At 30 September 2023 230,000
NET BOOK VALUE
At 30 September 2023 230,000
At 30 September 2022 225,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2022 46,052
Valuation in 2023 5,000
Cost 178,948
230,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 230,000 178,948

Investment property was valued on an open market basis on 30 September 2023 by the director .

5. RELATED PARTY DISCLOSURES

Included within creditors is a loan of £167,500 (£180,000 - 2022) from a company in which the Director also has an interest. The loan is interest free and repayable on demand.