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Company Registration No. SC277836 (Scotland)
FWM DEVELOPMENTS LIMITED Unaudited accounts for the year ended 31 December 2023
FWM DEVELOPMENTS LIMITED Unaudited accounts Contents
Page
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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
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FWM DEVELOPMENTS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
564,638 
564,638 
Current assets
Debtors
149,011 
40,181 
Cash at bank and in hand
20,577 
305,819 
169,588 
346,000 
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 
Capital and reserves
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
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FWM DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
564,638 
At 31 December 2023
564,638 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
564,638 
At 31 December 2022
564,638 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
80,674 
40,000 
Other debtors
68,337 
181 
149,011 
40,181 
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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 
Trade creditors
- 
12,500 
Taxes and social security
13,020 
12,967 
Loans from directors
- 
141,826 
Accruals
2,980 
1,200 
Deferred income
1,200 
5,250 
22,099 
178,642 
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).
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