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REGISTERED NUMBER: 08166763 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FM TUTOR & ASSOCIATES LIMITED

FM TUTOR & ASSOCIATES LIMITED (REGISTERED NUMBER: 08166763)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FM TUTOR & ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms J M Wiggins





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 08166763 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

FM TUTOR & ASSOCIATES LIMITED (REGISTERED NUMBER: 08166763)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,943 7,924
Investment property 5 114,000 145,000
119,943 152,924

CURRENT ASSETS
Cash at bank 7,159 8,244

CREDITORS
Amounts falling due within one year 6 94,487 91,127
NET CURRENT LIABILITIES (87,328 ) (82,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,615

70,041

CREDITORS
Amounts falling due after more than one
year

7

5,376

8,079
NET ASSETS 27,239 61,962

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves - 2,087
Retained earnings 27,238 59,874
SHAREHOLDERS' FUNDS 27,239 61,962

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 director acknowledges her 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.

FM TUTOR & ASSOCIATES LIMITED (REGISTERED NUMBER: 08166763)

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.

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

The financial statements were approved and authorised for issue by the director and authorised for issue on 12 September 2024 and were signed by:





Ms J M Wiggins - Director


FM TUTOR & ASSOCIATES LIMITED (REGISTERED NUMBER: 08166763)

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

1. STATUTORY INFORMATION

FM Tutor & Associates 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Other operating income
Other operating income is rental income. Rental income is recognised in the period to which the rent relates.

FM TUTOR & ASSOCIATES LIMITED (REGISTERED NUMBER: 08166763)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 32,071
DEPRECIATION
At 1 January 2023 24,147
Charge for year 1,981
At 31 December 2023 26,128
NET BOOK VALUE
At 31 December 2023 5,943
At 31 December 2022 7,924

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 21,133
DEPRECIATION
At 1 January 2023 13,209
Charge for year 1,981
At 31 December 2023 15,190
NET BOOK VALUE
At 31 December 2023 5,943
At 31 December 2022 7,924

FM TUTOR & ASSOCIATES LIMITED (REGISTERED NUMBER: 08166763)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 145,000
Revaluations (31,000 )
At 31 December 2023 114,000
NET BOOK VALUE
At 31 December 2023 114,000
At 31 December 2022 145,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 4,236
Valuation in 2019 10,000
Valuation in 2020 (15,000 )
Valuation in 2023 (31,000 )
Cost 145,764
114,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 145,764 145,764

Investment properties were valued on an open market basis on 31 December 2023 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Finance leases 2,704 2,704
Trade creditors 225 225
Other creditors 91,558 88,198
94,487 91,127

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Finance leases 5,376 8,079

FM TUTOR & ASSOCIATES LIMITED (REGISTERED NUMBER: 08166763)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Finance leases 8,080 10,783

Finance leases are secured against the asset being financed.

9. RELATED PARTY DISCLOSURES

The aggregate amount owed to the director at the balance sheet date is £90,550 (31.12.22: £87,238).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms J M Wiggins.