IRIS Accounts Production v24.2.0.383 00554434 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005544342022-12-31005544342023-12-31005544342023-01-012023-12-31005544342021-12-31005544342022-01-012022-12-31005544342022-12-3100554434ns14:PoundSterling2023-01-012023-12-3100554434ns10:Director12023-01-012023-12-3100554434ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100554434ns10:SmallEntities2023-01-012023-12-3100554434ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100554434ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100554434ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100554434ns10:AbridgedAccounts2023-01-012023-12-3100554434ns10:OrdinaryShareClass22023-01-012023-12-3100554434ns10:Director22023-01-012023-12-3100554434ns10:Director32023-01-012023-12-3100554434ns10:CompanySecretary12023-01-012023-12-3100554434ns10:RegisteredOffice2023-01-012023-12-3100554434ns5:CurrentFinancialInstruments2023-12-3100554434ns5:CurrentFinancialInstruments2022-12-3100554434ns5:ShareCapital2023-12-3100554434ns5:ShareCapital2022-12-3100554434ns5:RetainedEarningsAccumulatedLosses2023-12-3100554434ns5:RetainedEarningsAccumulatedLosses2022-12-3100554434ns5:PlantMachinery2023-01-012023-12-3100554434ns5:ComputerEquipment2023-01-012023-12-3100554434ns10:OrdinaryShareClass22023-12-31
REGISTERED NUMBER: 00554434
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Fasnacloich Estates Limited

Fasnacloich Estates Limited (Registered number: 00554434)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Fasnacloich Estates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs I C Heyman
P A Heyman
Mrs H M MacIntosh





SECRETARY: P A Heyman





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





BUSINESS ADDRESS: Kingston House
Tinkers Lane
Kingston
Cambridge
CB23 2NW





REGISTERED NUMBER: 00554434





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Fasnacloich Estates Limited (Registered number: 00554434)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 399,304 13,775

CURRENT ASSETS
Stocks 128,615 271,107
Debtors 28,851 14,317
Cash at bank and in hand 346,390 312,677
503,856 598,101
CREDITORS
Amounts falling due within one year 208,674 98,363
NET CURRENT ASSETS 295,182 499,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,486

513,513

PROVISIONS FOR LIABILITIES 760 1,042
NET ASSETS 693,726 512,471

CAPITAL AND RESERVES
Called up share 5 100 100
Retained earnings 693,626 512,371
SHAREHOLDERS' FUNDS 693,726 512,471

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.

Fasnacloich Estates Limited (Registered number: 00554434)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





Mrs I C Heyman - Director


Fasnacloich Estates Limited (Registered number: 00554434)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Fasnacloich Estates Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 30% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Fasnacloich Estates Limited (Registered number: 00554434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 62,575
Additions 843,307
Disposals (466,920 )
At 31 December 2023 438,962
DEPRECIATION
At 1 January 2023 48,800
Charge for year 1,144
Eliminated on disposal (10,286 )
At 31 December 2023 39,658
NET BOOK VALUE
At 31 December 2023 399,304
At 31 December 2022 13,775

5. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100