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REGISTERED NUMBER: 01407639 (England and Wales)










Fowler & Hare (Anglesey) Limited

Unaudited Financial Statements

for the Year Ended 30 April 2023






Fowler & Hare (Anglesey) Limited (Registered number: 01407639)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fowler & Hare (Anglesey) Limited

Company Information
for the year ended 30 April 2023







DIRECTORS: Mr P H Fowler
Miss J Bennett
Mrs B Harries





SECRETARY: D Crewsdon





REGISTERED OFFICE: Pennant House
18 Field Street
Llangefni
Anglesey
LL77 7EH





REGISTERED NUMBER: 01407639 (England and Wales)

Fowler & Hare (Anglesey) Limited (Registered number: 01407639)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,680 90,799
Investments 5 52,082 56,721
142,762 147,520

CURRENT ASSETS
Stocks 89,000 89,000
Debtors 6 35,542 34,294
Investments 7 168 168
Cash at bank 1,927 1,875
126,637 125,337
CREDITORS
Amounts falling due within one year 8 78,335 76,058
NET CURRENT ASSETS 48,302 49,279
TOTAL ASSETS LESS CURRENT LIABILITIES 191,064 196,799

PROVISIONS FOR LIABILITIES 8,483 6,196
NET ASSETS 182,581 190,603

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 1,636 1,636
Retained earnings 180,845 188,867
182,581 190,603

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

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

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:




Mr P H Fowler - Director


Fowler & Hare (Anglesey) Limited (Registered number: 01407639)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Fowler & Hare (Anglesey) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
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
Freehold property has not been depreciated which is not in accordance with generally accepted accounting policies.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Fowler & Hare (Anglesey) Limited (Registered number: 01407639)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 90,000 22,773 112,773
DEPRECIATION
At 1 May 2022 - 21,974 21,974
Charge for year - 119 119
At 30 April 2023 - 22,093 22,093
NET BOOK VALUE
At 30 April 2023 90,000 680 90,680
At 30 April 2022 90,000 799 90,799

The freehold property has been valued by the director at £90,000 at 30th April 2023.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022
and 30 April 2023 43,657
PROVISIONS
At 1 May 2022 (13,064 )
Provision for year 4,639
At 30 April 2023 (8,425 )
NET BOOK VALUE
At 30 April 2023 52,082
At 30 April 2022 56,721

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,771 4,123
Amounts owed by related parties 28,771 30,171
35,542 34,294

7. CURRENT ASSET INVESTMENTS

Investment having a net book value of £168 (2023: £168) are listed on the recognised stock exchange and had a market value of £75 at the end of the year (2022: £114).

Fowler & Hare (Anglesey) Limited (Registered number: 01407639)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 385 255
Amounts owed to related parties 2,393 246
Taxation and social security 315 315
Other creditors 75,242 75,242
78,335 76,058

9. RESERVES
Revaluation
reserve
£   
At 1 May 2022
and 30 April 2023 1,636

10. CONTINGENT LIABILITIES

The company has assumed liability of a private loan in respect of improvement to a property owned by an associated company, London and Anglesey Property Company Limited. The loan is further guaranteed by the director and is repayable on demand at one year and one day's notice, with a variable rate of 3.00% above Bank of England base rate. The amount of loan outstanding at 30th April 2022 was £18,000 (2021: £18,000).

11. ULTIMATE CONTROLING PARTY

P. H. Fowler Esq. is the ultimate controlling party.

Fowler & Hare (Anglesey) Limited (Registered number: 01407639)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

12. DETAILS OF UNDERTAKINGS

Details of the investment in which the company holds 20% or more of the nominal value of any class of share capital is as follows:

Associates

Holidays in Wales Limited Ordinary shares 50% 50%

England &
Wales


Fowler and Hare (Porthmadog) Limited Ordinary shares 40% 40%

England &
Wales


First Independent Commerce of North Wales
Limited


Ordinary shares

29.75%

29.75%

England &
Wales


Penpot Quill and Red Ship Trading Company
Limited


Ordinary shares

25%

25%

England &
Wales


London and Anglesey Property Company
Limited


Ordinary shares

50%

50%

England &
Wales


Southwark Residential Limited Ordinary shares 50% 50%

England &
Wales


The principal activity of Holidays in Wales Limited is property management services.

The principal activity of Fowler and Hare Porthmadog Limited is bookkeeping for associated companies.

The principal activity of First Independent Commerce of North Wales Limited is secretarial services.

The principal activity of London and Anglesey Property Company Limited is property letting.

The principal activity of Southwark Residential Limited is property letting.