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REGISTERED NUMBER: 05339355 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FILEY ESTATES LTD

FILEY ESTATES LTD (REGISTERED NUMBER: 05339355)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


FILEY ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: E Matyas





SECRETARY: MRS C MATYAS





REGISTERED OFFICE: 11B Filey Avenue
Stamford Hill
London
N16 6JL





REGISTERED NUMBER: 05339355 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

FILEY ESTATES LTD (REGISTERED NUMBER: 05339355)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 269 317
Investment property 5 996,703 996,703
996,972 997,020

CURRENT ASSETS
Debtors - 3,857
Cash at bank 1,274 5,055
1,274 8,912
CREDITORS
Amounts falling due within one year (116,581 ) (128,031 )
NET CURRENT LIABILITIES (115,307 ) (119,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

881,665

877,901

CREDITORS
Amounts falling due after more than one year 6 (308,013 ) (317,101 )
NET ASSETS 573,652 560,800

CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 397,149 397,149
Retained earnings 8 176,502 163,650
SHAREHOLDERS' FUNDS 573,652 560,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FILEY ESTATES LTD (REGISTERED NUMBER: 05339355)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 5 June 2024 and were signed by:





E Matyas - Director


FILEY ESTATES LTD (REGISTERED NUMBER: 05339355)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Filey Estates Ltd 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - NIL).

FILEY ESTATES LTD (REGISTERED NUMBER: 05339355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 2,850
DEPRECIATION
At 1 February 2023 2,533
Charge for year 48
At 31 January 2024 2,581
NET BOOK VALUE
At 31 January 2024 269
At 31 January 2023 317

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 996,703
NET BOOK VALUE
At 31 January 2024 996,703
At 31 January 2023 996,703

Cost or valuation at 31 January 2024 is represented by:
£   
Valuation in 2016 327,149
Valuation in 2021 70,000
Cost 599,554
996,703

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 308,013 317,101

FILEY ESTATES LTD (REGISTERED NUMBER: 05339355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary 1 1 1

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 163,650 397,149 560,799
Profit for the year 12,852 12,852
At 31 January 2024 176,502 397,149 573,651