Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01233831 Mr W D Hillier Jnr Mrs J A Hillier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01233831 2023-03-31 01233831 2024-03-31 01233831 2023-04-01 2024-03-31 01233831 frs-core:CurrentFinancialInstruments 2024-03-31 01233831 frs-core:Non-currentFinancialInstruments 2024-03-31 01233831 frs-core:FurnitureFittings 2024-03-31 01233831 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01233831 frs-core:FurnitureFittings 2023-03-31 01233831 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 01233831 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01233831 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 01233831 frs-core:MotorVehicles 2024-03-31 01233831 frs-core:MotorVehicles 2023-04-01 2024-03-31 01233831 frs-core:MotorVehicles 2023-03-31 01233831 frs-core:RevaluationReserve 2024-03-31 01233831 frs-core:ShareCapital 2024-03-31 01233831 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01233831 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01233831 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01233831 frs-bus:SmallEntities 2023-04-01 2024-03-31 01233831 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01233831 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01233831 frs-bus:Director1 2023-04-01 2024-03-31 01233831 frs-bus:Director2 2023-04-01 2024-03-31 01233831 frs-countries:EnglandWales 2023-04-01 2024-03-31 01233831 2022-03-31 01233831 2023-03-31 01233831 2022-04-01 2023-03-31 01233831 frs-core:CurrentFinancialInstruments 2023-03-31 01233831 frs-core:Non-currentFinancialInstruments 2023-03-31 01233831 frs-core:RevaluationReserve 2023-03-31 01233831 frs-core:ShareCapital 2023-03-31 01233831 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 01233831
Fryar Properties Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01233831
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 802,808 504,224
802,808 504,224
CURRENT ASSETS
Debtors 5 292,468 290,255
Cash at bank and in hand 40,030 13,182
332,498 303,437
Creditors: Amounts Falling Due Within One Year 6 (12,279 ) (7,716 )
NET CURRENT ASSETS (LIABILITIES) 320,219 295,721
TOTAL ASSETS LESS CURRENT LIABILITIES 1,123,027 799,945
Creditors: Amounts Falling Due After More Than One Year 7 (5,225 ) (9,300 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (82,530 ) (24,357 )
NET ASSETS 1,035,272 766,288
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 459,188 216,138
Profit and Loss Account 575,984 550,050
SHAREHOLDERS' FUNDS 1,035,272 766,288
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr W D Hillier Jnr
Director
22 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fryar Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01233831 . The registered office is 1 Queens Avenue, Stanley Village, Derbyshire, DE7 6FH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 April 2023 495,000 8,869 5,125 508,994
Additions - - 966 966
Disposals - - (651 ) (651 )
Revaluation 300,000 - - 300,000
As at 31 March 2024 795,000 8,869 5,440 809,309
Depreciation
As at 1 April 2023 - 370 4,400 4,770
Provided during the period - 2,217 165 2,382
Disposals - - (651 ) (651 )
As at 31 March 2024 - 2,587 3,914 6,501
Net Book Value
As at 31 March 2024 795,000 6,282 1,526 802,808
As at 1 April 2023 495,000 8,499 725 504,224
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 705 577
Other debtors 267,570 267,063
Corporation tax recoverable assets 2,905 2,905
Other taxes and social security 504 -
Directors' loan accounts 20,784 19,710
292,468 290,255
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 4,080 3,980
Corporation tax 4,921 -
Other taxes and social security - 163
Other creditors 70 70
Accruals and deferred income 3,208 3,502
12,279 7,716
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,225 9,300
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5