FILLYMOE HOLDINGS LIMITED |
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BALANCE SHEET |
AS AT 31 MARCH 2024 |
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These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
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Signed on behalf of the board of directors |
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P J Barnard |
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Mrs R C Barnard |
Director |
Director |
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Date approved by the board: 26 August 2024 |
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FILLYMOE HOLDINGS LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
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1 |
GENERAL INFORMATION |
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Fillymoe Holdings Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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4 Witan Way |
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Witney |
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Oxon |
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OX28 6FF |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Going concern |
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FILLYMOE HOLDINGS LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
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2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) |
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Financial Instruments |
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The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from creditorss and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
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Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. |
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FILLYMOE HOLDINGS LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
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2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) |
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Borrowing costs |
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All borrowing costs are recognised in the profit and loss account in the period in which they are incurred. |
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3 |
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS |
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The directors have made key assumptions in determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset. |
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4 |
EMPLOYEES |
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The average number of persons employed by the company (including directors) during the year was: |
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2024 |
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2023 |
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Average number of employees |
2 |
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2 |
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5 |
FIXED ASSET INVESTMENTS |
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Investment property |
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£ |
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Cost |
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At 1 April 2023 |
234,462 |
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At 31 March 2024 |
234,462 |
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Net book value |
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At 1 April 2023 |
234,462 |
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At 31 March 2024 |
234,462 |
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In the opinion of the directors, the investment property has been stated at fair value.. |
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6 |
CREDITORS: Amounts falling due within one year |
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2024 |
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2023 |
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£ |
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£ |
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Bank loans and overdrafts |
7,769 |
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7,436 |
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Taxation and social security |
2,078 |
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817 |
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Accruals and deferred income |
1,500 |
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1,500 |
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Other creditors |
109,331 |
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111,551 |
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120,678 |
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121,304 |
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FILLYMOE HOLDINGS LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
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7 |
CREDITORS: Amounts falling due after more than one year |
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2024 |
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2023 |
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£ |
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£ |
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Bank loans and overdrafts |
99,807 |
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107,550 |
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Analysis of creditors falling due after more than five years: |
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2024 |
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2023 |
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Aggregate of instalments which fall due for repayment after five years: |
£ |
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£ |
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creditors loans and overdrafts |
65,193 |
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74,404 |
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8 |
SECURED DEBTS |
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The company's bankers hold fixed and floating charges dated 23 April 2020 and 16 June 2020 over the property of the company. |