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REGISTERED NUMBER: 06766706 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

FAC Property Consultants Limited

FAC Property Consultants Limited (Registered number: 06766706)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


FAC Property Consultants Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A J S Harvey





SECRETARY: A J S Harvey





REGISTERED OFFICE: 40 Par Green
Par
Cornwall
PL24 2AF





REGISTERED NUMBER: 06766706 (England and Wales)

FAC Property Consultants Limited (Registered number: 06766706)

Abridged Statement of Financial Position
31 December 2023

2023 2022
£    £   
CURRENT ASSETS
Debtors 2,600 2,546
Cash at bank 4 -
2,604 2,546
CREDITORS
Amounts falling due within one year 484,289 395,336
NET CURRENT LIABILITIES (481,685 ) (392,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(481,685

)

(392,790

)

CREDITORS
Amounts falling due after more than one
year

6,914

11,569
NET LIABILITIES (488,599 ) (404,359 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (488,601 ) (404,361 )
SHAREHOLDERS' FUNDS (488,599 ) (404,359 )

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 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.

FAC Property Consultants Limited (Registered number: 06766706)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2023 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 23 September 2024 and were signed by:





A J S Harvey - Director


FAC Property Consultants Limited (Registered number: 06766706)

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

1. STATUTORY INFORMATION

FAC Property Consultants 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These financial statements have been prepared on the basis that the company is a going concern. This may not be appropriate as at the balance sheet date the company's liabilities exceeded its current assets. This indicates that the company may not be able to continue trading.

However, included in creditors due within one year is £416,982 owed to other group companies who have indicated their ongoing support for the company.

3. EMPLOYEES AND DIRECTORS

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