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Registration number: 04811027

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

for
 

Falconhall Developments Limited

 

Falconhall Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Falconhall Developments Limited

Company Information

Directors:

B T Jenkinson

J Doran

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

04811027

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Falconhall Developments Limited

(Registration number: 04811027)
Balance Sheet as at 31 March 2024

Note

31.03.24

31.03.23

   

£

£

£

£

FIXED ASSETS

   

 

Investments

4

 

1

 

1

CURRENT ASSETS

   

 

Debtors

5

169,325

 

182,363

 

Cash at bank and in hand

 

10,041

 

76,487

 

 

179,366

 

258,850

 

CREDITORS

   

 

Creditors within 1yr

6

43,274

 

122,758

 

Net current assets

   

136,092

 

136,092

Net assets

   

136,093

 

136,093

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

135,993

 

135,993

Shareholders' funds

   

136,093

 

136,093

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 August 2024

.........................................
B T Jenkinson
Director

 

Falconhall Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 10 August 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.
 

 

Falconhall Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

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.

3.

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4.

fixed asset investments

Shares in
group
undertaking
£

Cost

At 1 April 2023

1

Provision

NET BOOK VALUE

At 31 March 2024

1

At 31 March 2023

1

 

Falconhall Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5.

Debtors

Note

31.03.24
£

31.03.23
£

Amounts falling due within one year:
Other debtors

7,500

7,500

Amounts falling due after more than one year:
Other debtors

 

161,825

174,863

 

169,325

182,363

Included in other debtors is £161,824 (23: £174,862 owed by the subsidiary. No interest or repayment terms have been set.

6.

Creditors

Creditors: amounts falling due within one year

31.03.24
£

31.03.23
£

Due within one year

Accruals and deferred income

816

1,500

Other creditors

42,458

121,258

43,274

122,758