IRIS Accounts Productionv24.1.4.3301719510Board of Directors1.4.2331.3.2431.3.24truefalsetruefalsefalsetruefalseOrdinary1.00000Ordinary A1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017195102023-03-31017195102024-03-31017195102023-04-012024-03-31017195102022-03-31017195102022-04-012023-03-31017195102023-03-3101719510ns15:EnglandWales2023-04-012024-03-3101719510ns14:PoundSterling2023-04-012024-03-3101719510ns10:Director12023-04-012024-03-3101719510ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101719510ns10:SmallEntities2023-04-012024-03-3101719510ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101719510ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101719510ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101719510ns10:FullAccounts2023-04-012024-03-3101719510ns10:OrdinaryShareClass12023-04-012024-03-3101719510ns10:OrdinaryShareClass22023-04-012024-03-3101719510ns10:Director22023-04-012024-03-3101719510ns10:CompanySecretary12023-04-012024-03-3101719510ns10:RegisteredOffice2023-04-012024-03-3101719510ns5:CurrentFinancialInstruments2024-03-3101719510ns5:CurrentFinancialInstruments2023-03-3101719510ns5:Non-currentFinancialInstruments2024-03-3101719510ns5:Non-currentFinancialInstruments2023-03-3101719510ns5:ShareCapital2024-03-3101719510ns5:ShareCapital2023-03-3101719510ns5:CapitalRedemptionReserve2024-03-3101719510ns5:CapitalRedemptionReserve2023-03-3101719510ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3101719510ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3101719510ns5:RetainedEarningsAccumulatedLosses2024-03-3101719510ns5:RetainedEarningsAccumulatedLosses2023-03-3101719510ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3101719510ns5:LandBuildings2023-03-3101719510ns5:LandBuildings2023-04-012024-03-3101719510ns5:LandBuildings2024-03-3101719510ns5:LandBuildings2023-03-3101719510ns5:CostValuation2023-03-3101719510ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101719510ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101719510ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3101719510ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3101719510ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3101719510ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3101719510ns5:DeferredTaxation2023-03-3101719510ns5:DeferredTaxation2023-04-012024-03-3101719510ns5:DeferredTaxation2024-03-3101719510ns10:OrdinaryShareClass12024-03-3101719510ns10:OrdinaryShareClass22024-03-3101719510ns5:RetainedEarningsAccumulatedLosses2023-03-3101719510ns5:CapitalRedemptionReserve2023-03-3101719510ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3101719510ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31

REGISTERED NUMBER: 01719510 (England and Wales)
















Finchmoor Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024







Finchmoor Limited (Registered number: 01719510)








Contents of the Financial Statements

for the year ended 31st March 2024






Page




Company Information  

1




Balance Sheet  

2


to


3



Notes to the Financial Statements  

4


to


7




Finchmoor Limited



Company Information

for the year ended 31st March 2024









DIRECTORS:

V J Skinner


P R Maskell







SECRETARY:

V J Skinner







REGISTERED OFFICE:

310 Wellingborough Road


Northampton


Northamptonshire


NN1 4EP







REGISTERED NUMBER:

01719510 (England and Wales)







ACCOUNTANTS:

Cheney & Co


310 Wellingborough Road


Northampton


NN1 4EP



Finchmoor Limited (Registered number: 01719510)



Balance Sheet

31st March 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

5

768,004


780,104



Investments

6

100


100



768,104


780,204




CURRENT ASSETS

Debtors

7

14,035


14,035



Cash at bank

1,433


7,443



15,468


21,478



CREDITORS

Amounts falling due within one year

8

419,123


436,220



NET CURRENT LIABILITIES

(403,655

)

(414,742

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

364,449


365,462




CREDITORS

Amounts falling due after more than one

year

9

(22,095

)

(30,142

)



PROVISIONS FOR LIABILITIES

12

(65,000

)

(49,800

)


NET ASSETS

277,354


285,520




CAPITAL AND RESERVES

Called up share capital

13

171


171



Capital redemption reserve

14

24


24



Non distributable reserves

14

271,084


271,084



Retained earnings

14

6,075


14,241



SHAREHOLDERS' FUNDS

277,354


285,520




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.



Finchmoor Limited (Registered number: 01719510)



Balance Sheet - continued

31st March 2024



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 19th June 2024 and were signed on its behalf by:






V J Skinner - Director




Finchmoor Limited (Registered number: 01719510)



Notes to the Financial Statements

for the year ended 31st March 2024


1.

STATUTORY INFORMATION



Finchmoor 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.


The presentation currency of the financial statements is the Pound Sterling (£).



The principal activity of the company in the year under review was that of property owners.


2.

STATEMENT OF COMPLIANCE



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.  


3.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.



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


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Freehold property

-

2% on cost



Investments in subsidiaries


Investments in subsidiary undertakings are recognised at cost.



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.


Fixed asset investment


Fixed asset investments are stated at cost unless, in the opinion of the directors, there has been a permanent diminution in value, in which case an appropriate adjustment is made.



Freehold property


At transition the freehold property was included at deemed cost of £864,804 being its fair value on that date.The company's revaluation reserve was credited , net of deferred tax , by £261,963 . The ongoing policy for depreciation remains unchanged.


4.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2023 - 2 ) .



Finchmoor Limited (Registered number: 01719510)



Notes to the Financial Statements - continued

for the year ended 31st March 2024


5.

TANGIBLE FIXED ASSETS


Freehold


property

£   



COST


At 1st April 2023


and 31st March 2024

1,220,464




DEPRECIATION


At 1st April 2023

440,360




Charge for year

12,100




At 31st March 2024

452,460




NET BOOK VALUE


At 31st March 2024

768,004




At 31st March 2023

780,104





Included in cost of land and buildings is freehold land of £ 615,464 (2023 - £ 615,464 ) which is not depreciated.


6.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



COST


At 1st April 2023


and 31st March 2024

100




NET BOOK VALUE


At 31st March 2024

100




At 31st March 2023

100




7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Other debtors

14,035


14,035




8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Bank loans and overdrafts (see note 10)

12,143


10,143




Trade creditors

1


-




Amounts owed to group undertakings

346,513


375,639




Taxation and social security

58,665


48,637




Other creditors

1,801


1,801



419,123


436,220




9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


2024

2023


£   

£   



Bank loans (see note 10)

22,095


30,142





Finchmoor Limited (Registered number: 01719510)



Notes to the Financial Statements - continued

for the year ended 31st March 2024


10.

LOANS



An analysis of the maturity of loans is given below:


2024

2023


£   

£   



Amounts falling due within one year or on demand:


Bank loans

12,143


10,143





Amounts falling due between one and two years:


Bank loans - 1-2 years

10,131


10,131





Amounts falling due between two and five years:


Bank loans - 2-5 years

11,964


20,011




11.

SECURED DEBTS



Barclays Bank Plc., hold a legal charge over the companies freehold properties.


12.

PROVISIONS FOR LIABILITIES

2024

2023


£   

£   



Deferred tax

65,000


49,800





Deferred



tax


£   



Balance at 1st April 2023

49,800




Provided during year

15,200




Balance at 31st March 2024

65,000




13.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



100

Ordinary

£1

100


100




71

Ordinary A

£1

71


71



171


171




14.

RESERVES


Capital


Non



Retained


redemption


distributable



earnings


reserve


reserves


Totals

£   

£   

£   

£   




At 1st April 2023

14,241


24


271,084


285,349




Profit for the year

196,934


-


-


196,934




Dividends

(205,100

)

-


-


(205,100

)



At 31st March 2024

6,075


24


271,084


277,183




15.

CONTINGENT LIABILITIES



There were no contingent liabilities as at 31st March 2024 or 31st March 2023


.



Finchmoor Limited (Registered number: 01719510)



Notes to the Financial Statements - continued

for the year ended 31st March 2024


16.

CAPITAL COMMITMENTS


There were no capital commitments as at 31st March 2024 or 31st March 2023.