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REGISTERED NUMBER: 03896180 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FMS SOUTH PARK LIMITED

FMS SOUTH PARK LIMITED (REGISTERED NUMBER: 03896180)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FMS SOUTH PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S R Billing
P J Collinson





SECRETARY: S R Billing





REGISTERED OFFICE: Second Floor
87-93 High Street
SEVENOAKS
Kent
TN13 1LE





REGISTERED NUMBER: 03896180 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

FMS SOUTH PARK LIMITED (REGISTERED NUMBER: 03896180)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 106 142
Investments 6 894,700 894,700
894,806 894,842

CURRENT ASSETS
Debtors 7 11,697 12,548
Investments 8 655,746 -
Cash at bank and in hand 13,170 424,464
680,613 437,012
CREDITORS
Amounts falling due within one year 9 (86,444 ) (74,305 )
NET CURRENT ASSETS 594,169 362,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,488,975

1,257,549

CAPITAL AND RESERVES
Called up share capital 11 4,350 4,350
Share premium 12 3,042 3,042
Retained earnings 12 1,481,583 1,250,157
SHAREHOLDERS' FUNDS 1,488,975 1,257,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 3 September 2024 and were signed on its behalf by:





S R Billing - Director


FMS SOUTH PARK LIMITED (REGISTERED NUMBER: 03896180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

FMS South Park 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.

Turnover
Turnover represents a profit share received from FMS Sevenoaks LLP which provides financial planning and investment services.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its estimated useful life of 10 years. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

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.
Fixtures and fittings - 25% on reducing balance

Pension costs
The company contributes to defined contribution pension plans for employees. The assets of the plans are held separately from those of the company. The annual contributions payable are charged to the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 49,939
AMORTISATION
At 1 January 2023
and 31 December 2023 49,939
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

FMS SOUTH PARK LIMITED (REGISTERED NUMBER: 03896180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 34,077
DEPRECIATION
At 1 January 2023 33,935
Charge for year 36
At 31 December 2023 33,971
NET BOOK VALUE
At 31 December 2023 106
At 31 December 2022 142

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 894,700
NET BOOK VALUE
At 31 December 2023 894,700
At 31 December 2022 894,700

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 11,697 12,548

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Money market investment 655,746 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,084 3,512
Tax 74,035 58,299
Social security and other taxes 10,125 11,294
Accrued expenses 1,200 1,200
86,444 74,305

FMS SOUTH PARK LIMITED (REGISTERED NUMBER: 03896180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 35,400 -
Between one and five years - 35,400
35,400 35,400

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
250 Ordinary Class B £1 250 250
3,900 Ordinary £1 3,900 3,900
200 Ordinary Class C £1 200 200
4,350 4,350

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 1,250,157 3,042 1,253,199
Profit for the year 231,426 231,426
At 31 December 2023 1,481,583 3,042 1,484,625

13. ULTIMATE CONTROLLING PARTY

For the year under review, the company was controlled by its directors Mr S Billing and Mr P Collinson.