0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04814379 2023-04-01 2024-03-31 04814379 2024-03-31 04814379 2023-03-31 04814379 2022-04-01 2023-03-31 04814379 2023-03-31 04814379 2022-03-31 04814379 bus:Director14 2023-04-01 2024-03-31 04814379 core:WithinOneYear 2024-03-31 04814379 core:WithinOneYear 2023-03-31 04814379 bus:SmallEntities 2023-04-01 2024-03-31 04814379 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04814379 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04814379 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 04814379 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 04814379
FAIR ELMS LIMITED
Company Limited by Guarantee
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
FAIR ELMS LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
CURRENT ASSETS
Debtors
5
5,207
6,922
Cash at bank and in hand
105,906
116,210
-----------
-----------
111,113
123,132
-----------
-----------
CREDITORS: amounts falling due within one year
6
111,113
123,132
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31st March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Mr P G Scarth
Director
Company registration number: 04814379
FAIR ELMS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Parkinson Property, Queen Square, Lancaster, LA1 1RN.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the income and expenditure account represents amounts invoiced during the year.
4. COMPANY LIMITED BY GUARANTEE
The company is limited by guarantee having no share capital.
5. DEBTORS
2024
2023
£
£
Prepayments and accrued income
199
3,397
Service charges owing
5,008
3,525
--------
--------
5,207
6,922
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
7,310
7,851
Corporation tax
504
239
Service charges in advance
12,361
5,928
Other creditors
90,938
109,114
-----------
-----------
111,113
123,132
-----------
-----------
Other creditors relates to the money held by the company on behalf of the property owners of Fair Elms Limited.