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REGISTERED NUMBER: 06855121 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FRUGAL INVESTMENTS LIMITED

FRUGAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06855121)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FRUGAL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr K J Dunkin





REGISTERED OFFICE: 28 Halons Road
Eltham
London
SE9 5BS





REGISTERED NUMBER: 06855121 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

FRUGAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06855121)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,877 1,507
Investment property 6 30,000 30,000
32,877 31,507

CURRENT ASSETS
Debtors 7 8,000 20,179
Cash at bank 28,872 23,345
36,872 43,524
CREDITORS
Amounts falling due within one year 8 5,090 1,380
NET CURRENT ASSETS 31,782 42,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,659

73,651

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation Reserve 9 10,500 10,500
Retained earnings 54,157 63,149
SHAREHOLDERS' FUNDS 64,659 73,651

FRUGAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06855121)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 July 2024 and were signed by:





Mr K J Dunkin - Director


FRUGAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06855121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Frugal Investments 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FRUGAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06855121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 7,750
AMORTISATION
At 1 April 2023
and 31 March 2024 7,750
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 9,194
Additions 1,827
At 31 March 2024 11,021
DEPRECIATION
At 1 April 2023 7,687
Charge for year 457
At 31 March 2024 8,144
NET BOOK VALUE
At 31 March 2024 2,877
At 31 March 2023 1,507

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 30,000
At 31 March 2023 30,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 30,000

Investment property was valued on an open market basis on 31 March 2024 by the Director .

FRUGAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06855121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,000 8,000
Other debtors - 12,179
8,000 20,179

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 5,090 1,380

9. RESERVES
Revaluation
Reserve
£   
At 1 April 2023
and 31 March 2024 10,500