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Registration number: 07292473

FB 88 Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

FB 88 Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

FB 88 Limited

(Registration number: 07292473 )
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

180,900

180,900

Current assets

 

Debtors

5

-

114,000

Cash at bank and in hand

 

48

48

 

48

114,048

Creditors: Amounts falling due within one year

6

-

(114,000)

Net current assets

 

48

48

Net assets

 

180,948

180,948

Capital and reserves

 

Called up share capital

2

2

Retained earnings

180,946

180,946

Shareholders' funds

 

180,948

180,948

For the financial year ending 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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

 

FB 88 Limited

(Registration number: 07292473 )
Balance Sheet as at 31 December 2023

.........................................
Mr A M Stone
Director

.........................................
Mrs A L Stone
Director

 

FB 88 Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Acacia House
29 Bridge Street
Belper
Derbyshire
DE56 1AY

2

Accounting policies

Basis of preparation

These financial statements have been prepared in accordance with FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Exemption from preparing group accounts
 

The company has taken advantage of the exemptions in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group.

Going concern

The financial statements have been prepared on a going concern basis.

Fixed asset investments

Investments in the shares of group undertakings are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable/payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

FB 88 Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

FB 88 Limited

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

4

Fixed asset investments

2023
£

2022
£

Shares in group undertakings

180,900

180,900

Subsidiary undertakings

£

Cost

At 1 January 2023

180,900

Provision

At 31 December 2023

-

Carrying amount

At 31 December 2023

180,900

At 31 December 2022

180,900

5

Debtors

Current

2023
£

2022
£

Amounts owed by subsidiary

-

114,000

 

-

114,000

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Directors current account

-

114,000