REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 9 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
FOR |
FURNESS COMMERCIAL PROPERTIES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 9 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
FOR |
FURNESS COMMERCIAL PROPERTIES LIMITED |
FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
FURNESS COMMERCIAL PROPERTIES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 9 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
Sunderland |
SR43 4FW |
FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
ABRIDGED BALANCE SHEET |
28 FEBRUARY 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
ABRIDGED BALANCE SHEET - continued |
28 FEBRUARY 2024 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
1. | STATUTORY INFORMATION |
Furness Commercial Properties Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
The company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of investment properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties which is a departure from the Financial Reporting Standard 102 and from the Companies Act 2006. |
Rental income |
Rental income in recognised in the profit and loss on the accruals basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST |
Additions |
At 28 February 2024 |
NET BOOK VALUE |
At 28 February 2024 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 2 |
2 Ordinary shares of £1 were issued during the period |
FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 9 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At 28th February 2024 Mr A Pullin a director of the company, had on an unsecured interest free basis advanced £174,528 to the company. |