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Company Registration No. 11651991 (England and Wales)
Old Fulwood Estates Limited Unaudited accounts for the year ended 31 October 2023
Old Fulwood Estates Limited Unaudited accounts Contents
Page
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Old Fulwood Estates Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
292,060 
Investment property
314,463 
- 
314,463 
292,060 
Current assets
Debtors
2,190 
5,757 
Cash at bank and in hand
26,063 
16,706 
28,253 
22,463 
Creditors: amounts falling due within one year
(1,652)
(895)
Net current assets
26,601 
21,568 
Total assets less current liabilities
341,064 
313,628 
Creditors: amounts falling due after more than one year
(329,640)
(329,520)
Net assets/(liabilities)
11,424 
(15,892)
Capital and reserves
Called up share capital
60 
60 
Profit and loss account
11,364 
(15,952)
Shareholders' funds
11,424 
(15,892)
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 31 July 2024 and were signed on its behalf by
Mr M M Poste Director Company Registration No. 11651991
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Old Fulwood Estates Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Old Fulwood Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 11651991. The registered office is 82 QUEEN STREET, SHEFFIELD, S1 2DW, UNITED KINGDOM.
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.
3
Accounting policies
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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.
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Old Fulwood Estates Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2022
314,463 
Transfer to investment property
(314,463)
At 31 October 2023
- 
Depreciation
At 1 November 2022
22,403 
On transfers from investment property
(22,403)
At 31 October 2023
- 
Net book value
At 31 October 2023
- 
At 31 October 2022
292,060 
5
Investment property
2023 
£ 
Additions
314,463 
At 31 October 2023
314,463 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,225 
Accrued income and prepayments
2,190 
4,532 
2,190 
5,757 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,152 
95 
Accruals
300 
800 
Deferred income
200 
- 
1,652 
895 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
305,100 
305,100 
Loans from directors
24,540 
24,420 
329,640 
329,520 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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