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Registered Number: 09326805
England and Wales

 

 

 

FRIAR 149 LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors Anthony Dorsey
Elaine Dorsey
Registered Number 09326805
Registered Office Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB
Accountants Equinox Accounting Limited
Unit 2 Sherbrook Road
Daybrook
Nottingham
Nottinghamshire
NG5 6AB
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 1,313,139    1,219,746 
Investments 5 1,119,708    1,119,706 
2,432,847    2,339,452 
Current assets      
Debtors 6 33,357    58,510 
Cash at bank and in hand 129,898    94,230 
163,255    152,740 
Creditors: amount falling due within one year 7 (71,444)   (85,589)
Net current assets 91,811    67,151 
 
Total assets less current liabilities 2,524,658    2,406,603 
Provisions for liabilities 8 (36,191)   (12,253)
Net assets 2,488,467    2,394,350 
 

Capital and reserves
     
Called up share capital 9 1,000    1,000 
Profit and loss account 2,487,467    2,393,350 
Shareholder's funds 2,488,467    2,394,350 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 July 2024 and were signed on its behalf by:


-------------------------------
Anthony Dorsey
Director
2
General Information
Friar 149 Limited is a private company, limited by shares, registered in England and Wales, registration number 09326805, registration address Unit 2 Sherbrook Enterprise, 100 Sherbrook Road, Daybrook, Nottingham, NG5 6AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Long Leasehold Property 2% Straight Line
Commercial Vehicles 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Improvements to property 2% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Financial Commitments, Guarantees and Contingencies

The company had commitments at the balance sheet date of £97,100.

4.

Tangible fixed assets

Cost or valuation Long Leasehold Property   Commercial Vehicles   Motor Vehicles   Fixtures and Fittings   Improvements to property   Total
  £   £   £   £   £   £
At 01 January 2023 1,061,956    22,700    73,457    5,760    102,463    1,266,336 
Additions     108,305    3,850    37,023    149,178 
Disposals          
At 31 December 2023 1,061,956    22,700    181,762    9,610    139,486    1,415,514 
Depreciation
At 01 January 2023 7,965    8,157    28,694    576    1,198    46,590 
Charge for year 21,239    3,636    26,985    1,259    2,666    55,785 
On disposals          
At 31 December 2023 29,204    11,793    55,679    1,835    3,864    102,375 
Net book values
Closing balance as at 31 December 2023 1,032,752    10,907    126,083    7,775    135,622    1,313,139 
Opening balance as at 01 January 2023 1,053,991    14,543    44,763    5,184    101,265    1,219,746 


5.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 January 2023 1,119,706    1,119,706 
Additions 2    2 
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 1,119,708    1,119,708 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Amount Owed by Group Undertakings 17,818    38,918 
Prepayments & Accrued Income 14,848    14,592 
Deposits paid   5,000 
Other Debtors 691   
33,357    58,510 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 7,260    19,482 
Amounts Owed to Group Undertakings 2   
PAYE & Social Security 5,017    3,956 
Accrued Expenses 19,429    19,478 
Wages & Salaries Control Account 3,860    3,722 
Directors' Current Accounts 329    429 
VAT 35,547    38,522 
71,444    85,589 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 36,191    12,253 
36,191    12,253 

9.

Share Capital

Authorised
1,000 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

3