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REGISTERED NUMBER: 01369981 (England and Wales)















F.A.C.T.S. Investments Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






F.A.C.T.S. Investments Limited (Registered number: 01369981)






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


F.A.C.T.S. Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr B C Patel
Mr K C Patel





REGISTERED OFFICE: 8 Beacon Road
Seaford
East Sussex
BN25 2NB





REGISTERED NUMBER: 01369981 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Wilson House
48 Brooklyn Road
Seaford
East Sussex
BN25 2DX

F.A.C.T.S. Investments Limited (Registered number: 01369981)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 12,624 11,862
Investment property 5 1,405,000 1,405,000
1,417,624 1,416,862

CURRENT ASSETS
Debtors 6 4,174 9,006
Cash at bank 100,719 450,015
104,893 459,021
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

88,974

87,572
NET CURRENT ASSETS 15,919 371,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,433,543

1,788,311

PROVISIONS FOR LIABILITIES 148,351 129,807
NET ASSETS 1,285,192 1,658,504

CAPITAL AND RESERVES
Called up share capital 8 300 300
Investment property
revaluation reserve 735,301 754,670
Retained earnings 549,591 903,534
SHAREHOLDERS' FUNDS 1,285,192 1,658,504

F.A.C.T.S. Investments Limited (Registered number: 01369981)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mr B C Patel - Director


F.A.C.T.S. Investments Limited (Registered number: 01369981)

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

1. STATUTORY INFORMATION

F.A.C.T.S. Investments 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the fair value of certain assets.

Investment property
Investment property is shown at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments
Listed fixed asset investments are measured at fair value through profit or loss. The fair value of £12,624 and the fair value gain of £762 included in profit for the year was determined by reference to the bid price at the year end date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

F.A.C.T.S. Investments Limited (Registered number: 01369981)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Revenue recognition
Revenue in respect of rental income from investment properties is recognised in accordance with the lease or rental agreement on an accruals basis.

Revenue from other assets held as fixed asset investments is recognised when received or upon unconditional sale of the investment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 11,862
Revaluations 762
At 31 December 2023 12,624
NET BOOK VALUE
At 31 December 2023 12,624
At 31 December 2022 11,862

If other investments had not been valued on a fair value basis they would have been included at their historical cost of £48,712 (2022: £48,712).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,405,000
NET BOOK VALUE
At 31 December 2023 1,405,000
At 31 December 2022 1,405,000

F.A.C.T.S. Investments Limited (Registered number: 01369981)

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

5. INVESTMENT PROPERTY - continued

Investment properties were valued on a fair value basis on 31 December 2023 by the directors.

If investment properties had not been valued on a fair value basis they would have been included at their historical cost of £513,522 (2022: £513,522).


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,174 9,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 20,473 17,824
Other creditors 68,501 69,748
88,974 87,572

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,720 (2022 - £800) were paid to the directors .

At the balance sheet date the company owed a director the sum of £3,160 (2022: £4,310). The loan is unsecured, interest free and repayable on demand.