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Registered number: 07706463









FW PROPERTIES INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FW PROPERTIES INVESTMENTS LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 6


 
FW PROPERTIES INVESTMENTS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FW PROPERTIES INVESTMENTS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FW Properties Investments Limited for the year ended 31 December 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of FW Properties Investments Limited, as a body, in accordance with the terms of our engagement letter dated 30 September 2021Our work has been undertaken solely to prepare for your approval the financial statements of FW Properties Investments Limited and state those matters that we have agreed to state to the Board of directors of FW Properties Investments Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FW Properties Investments Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that FW Properties Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of FW Properties Investments Limited. You consider that FW Properties Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of FW Properties Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
27 August 2024
Page 1

 
FW PROPERTIES INVESTMENTS LIMITED
REGISTERED NUMBER: 07706463

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
20
20

  
20
20

Current assets
  

Debtors: amounts falling due after more than one year
 5 
1,900,000
1,431,041

Debtors: amounts falling due within one year
 5 
2
2

Cash at bank and in hand
  
129
273,793

  
1,900,131
1,704,836

Creditors: amounts falling due within one year
 6 
(5,871)
(4,808)

Net current assets
  
 
 
1,894,260
 
 
1,700,028

Total assets less current liabilities
  
1,894,280
1,700,048

Creditors: amounts falling due after more than one year
 7 
(1,900,000)
(1,700,000)

  

Net (liabilities)/assets
  
(5,720)
48


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
(5,722)
46

  
(5,720)
48


Page 2

 
FW PROPERTIES INVESTMENTS LIMITED
REGISTERED NUMBER: 07706463
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J Wells
Director

Date: 22 August 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
FW PROPERTIES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

FW Properties Investments Limited is a private limited company incorporated in England and Wales.  Its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. 
The principal activity of the Company is that of the management of real estate, and its activities are undertaken in Norwich.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, as the directors consider that the Company, with their support, has sufficient working capital to continue trading for a period of at least twelve months from the date of approval of the financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors.
Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 

Page 4

 
FW PROPERTIES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
20



At 31 December 2023
20





5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
1,900,000
1,431,041

1,900,000
1,431,041


2023
2022
£
£

Due within one year

Called up share capital not paid
2
2

2
2


Page 5

 
FW PROPERTIES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
4,821
3,818

Accruals and deferred income
1,050
990

5,871
4,808



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,900,000
1,700,000

1,900,000
1,700,000



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1.00 each
2
2


 
Page 6