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Company Registration No. 5957767 (England and Wales)
Focusdeal Investments Limited Unaudited accounts for the year ended 31 October 2023
Focusdeal Investments Limited Unaudited accounts Contents
Page
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Focusdeal Investments Limited Company Information for the year ended 31 October 2023
Directors
Mrs Geraldine Smith Mr Stuart Smith
Secretary
Mr Stuart Smith
Company Number
5957767 (England and Wales)
Registered Office
10 Carlton Close London NW3 7UA England
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Focusdeal Investments Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
735,000 
735,000 
Current assets
Debtors
1,586 
1,586 
Cash at bank and in hand
56,930 
41,486 
58,516 
43,072 
Creditors: amounts falling due within one year
(470,654)
(469,693)
Net current liabilities
(412,138)
(426,621)
Total assets less current liabilities
322,862 
308,379 
Provisions for liabilities
Deferred tax
(74,257)
(74,257)
Net assets
248,605 
234,122 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
248,505 
234,022 
Shareholders' funds
248,605 
234,122 
For the year ending 31 October 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by
Mrs Geraldine Smith Director Company Registration No. 5957767
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Focusdeal Investments Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Focusdeal Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 5957767. The registered office is 10 Carlton Close, London, NW3 7UA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. A prior period adjustment has been made to the balance sheet as a revaluation reserve of £376,028 was included in the financial statements for the year ended 31 October 2019. This balance has been moved to retained earning in accordance with FRS 102Section 1A in this year's comparatives.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover comprises rental income from property exempt from Value Added Tax.
Going concern
Turnover has remained consistent during Covid 19 pandemic and is sufficient to meet the day to day liabilities of the companies. The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
735,000 
At 31 October 2023
735,000 
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Focusdeal Investments Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,586 
1,586 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
192,000 
192,000 
Other creditors
157,852 
157,850 
Loans from directors
119,842 
118,883 
Accruals
960 
960 
470,654 
469,693 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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