FAIRPRICE GENERAL STORES LIMITED

Company Registration Number:
10402141 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

FAIRPRICE GENERAL STORES LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

FAIRPRICE GENERAL STORES LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 190,000 190,000
Tangible assets: 4 24,500 294,750
Investments: 5 357,000 0
Total fixed assets: 571,500 484,750
Current assets
Stocks: 40,755 32,574
Debtors:   0 0
Cash at bank and in hand: 28,500 4,850
Total current assets: 69,255 37,424
Creditors: amounts falling due within one year: 6 (46,328) (22,746)
Net current assets (liabilities): 22,927 14,678
Total assets less current liabilities: 594,427 499,428
Creditors: amounts falling due after more than one year: 7 (136,870) (139,027)
Total net assets (liabilities): 457,557 360,401
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:8120,000120,000
Other reserves: 301,961 225,860
Profit and loss account: 35,594 14,539
Shareholders funds: 457,557 360,401

The notes form part of these financial statements

FAIRPRICE GENERAL STORES LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: Casila Emmanuel
Status: Director

The notes form part of these financial statements

FAIRPRICE GENERAL STORES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FAIRPRICE GENERAL STORES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

FAIRPRICE GENERAL STORES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible Assets

Total
Cost £
At 01 October 2022 190,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 September 2023 190,000
Net book value
At 30 September 2023 190,000
At 30 September 2022 190,000

FAIRPRICE GENERAL STORES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible Assets

Total
Cost £
At 01 October 2022 300,000
Transfers (265,000)
At 30 September 2023 35,000
Depreciation
At 01 October 2022 5,250
Charge for year 5,250
At 30 September 2023 10,500
Net book value
At 30 September 2023 24,500
At 30 September 2022 294,750

FAIRPRICE GENERAL STORES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Fixed investments

Freehold Budling and Buy to Let property

FAIRPRICE GENERAL STORES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Creditors: amounts falling due within one year note

Trade Creditor

FAIRPRICE GENERAL STORES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

7. Creditors: amounts falling due after more than one year note

Bank and other Loan

FAIRPRICE GENERAL STORES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

8. Revaluation reserve

2023
£
Balance at 01 October 2022 120,000
Surplus or deficit after revaluation 0
Balance at 30 September 2023 120,000