Company Registration No. SC277836 (Scotland)
FWM DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 December 2023
FWM DEVELOPMENTS LIMITED
Unaudited accounts
Contents
FWM DEVELOPMENTS LIMITED
Company Information
for the year ended 31 December 2023
Director
Mrs Kaye Hoi Yan Wong
Company Number
SC277836 (Scotland)
Registered Office
28 FOREST ROAD
ABERDEEN
AB15 4BS
Accountants
A2Z Accounting Solutions Limited
26 Grandholm Grove
Aberdeen
AB22 8AX
FWM DEVELOPMENTS LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
564,638
564,638
Cash at bank and in hand
20,577
305,819
Creditors: amounts falling due within one year
(22,099)
(178,642)
Net current assets
147,489
167,358
Total assets less current liabilities
712,127
731,996
Creditors: amounts falling due after more than one year
(455,737)
(460,281)
Provisions for liabilities
Deferred tax
(5,705)
(5,705)
Net assets
250,685
266,010
Called up share capital
10
10
Revaluation reserve
22,821
22,821
Profit and loss account
227,854
243,179
Shareholders' funds
250,685
266,010
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2024 and were signed on its behalf by
Mrs Kaye Hoi Yan Wong
Director
Company Registration No. SC277836
FWM DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
FWM DEVELOPMENTS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC277836. The registered office is 28 FOREST ROAD, ABERDEEN, AB15 4BS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
At 31 December 2023
564,638
At 31 December 2023
564,638
At 31 December 2022
564,638
Amounts falling due within one year
Amounts due from group undertakings etc.
80,674
40,000
FWM DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,899
4,899
Taxes and social security
13,020
12,967
Loans from directors
-
141,826
Deferred income
1,200
5,250
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
455,737
460,281
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).