IRIS Accounts Production v24.2.0.383 08480989 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084809892023-04-30084809892024-04-30084809892023-05-012024-04-30084809892022-04-30084809892022-05-012023-04-30084809892023-04-3008480989ns15:EnglandWales2023-05-012024-04-3008480989ns14:PoundSterling2023-05-012024-04-3008480989ns10:Director12023-05-012024-04-3008480989ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008480989ns10:SmallEntities2023-05-012024-04-3008480989ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008480989ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008480989ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008480989ns10:FullAccounts2023-05-012024-04-3008480989ns10:OrdinaryShareClass12023-05-012024-04-3008480989ns10:Director32023-05-012024-04-3008480989ns10:Director22023-05-012024-04-3008480989ns10:RegisteredOffice2023-05-012024-04-3008480989ns5:CurrentFinancialInstruments2024-04-3008480989ns5:CurrentFinancialInstruments2023-04-3008480989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008480989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008480989ns5:DeferredTaxation2023-04-3008480989ns5:DeferredTaxation2023-05-012024-04-3008480989ns5:DeferredTaxation2024-04-3008480989ns10:OrdinaryShareClass12024-04-3008480989ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 08480989 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Fireball Property Investments Limited

Fireball Property Investments Limited (Registered number: 08480989)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fireball Property Investments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P Hopkins
Mrs L R Hopkins
J T Hopkins





REGISTERED OFFICE: 8 Chatterton Road
Bromley
Kent
BR2 9QN





REGISTERED NUMBER: 08480989 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Fireball Property Investments Limited (Registered number: 08480989)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 450,000 450,000

CURRENT ASSETS
Debtors 6 623 459
Cash at bank 20,550 75,427
21,173 75,886
CREDITORS
Amounts falling due within one year 7 249,651 319,530
NET CURRENT LIABILITIES (228,478 ) (243,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,522

206,356

PROVISIONS FOR LIABILITIES 8 13,916 10,577
NET ASSETS 207,606 195,779

CAPITAL AND RESERVES
Called up share capital 9 99 99
Fair value reserve 10 78,980 82,320
Retained earnings 10 128,527 113,360
SHAREHOLDERS' FUNDS 207,606 195,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Fireball Property Investments Limited (Registered number: 08480989)

Balance Sheet - continued
30 April 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 31 July 2024 and were signed on its behalf by:





P Hopkins - Director


Fireball Property Investments Limited (Registered number: 08480989)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Fireball Property 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.

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


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 financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Fireball Property Investments Limited (Registered number: 08480989)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 450,000
NET BOOK VALUE
At 30 April 2024 450,000
At 30 April 2023 450,000

The investment property is valued annually by the directors on an open market existing use basis.

The historical cost of the investment property amounts to £357,104 (2023 - £357,104).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 623 459

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to connected companies - 10,000
Taxation and social security 4,608 4,646
Other creditors 245,043 304,884
249,651 319,530

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 13,916 10,577

Deferred
tax
£   
Balance at 1 May 2023 10,577
Provided during year 3,339
Balance at 30 April 2024 13,916

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
99 Ordinary £1 99 99

Fireball Property Investments Limited (Registered number: 08480989)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 113,360 82,320 195,680
Profit for the year 11,827 - 11,827
Deferred tax provision 3,340 (3,340 ) -
At 30 April 2024 128,527 78,980 207,507