Company registration number 11677477 (England and Wales)
FEN VIEW COURT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
FEN VIEW COURT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
FEN VIEW COURT LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
5,300,000
5,348,123
Current assets
Debtors
4
398,829
206,637
Cash at bank and in hand
24,533
13,777
423,362
220,414
Creditors: amounts falling due within one year
5
(544,607)
(479,925)
Net current liabilities
(121,245)
(259,511)
Total assets less current liabilities
5,178,755
5,088,612
Creditors: amounts falling due after more than one year
6
(16,439)
(26,523)
Net assets
5,162,316
5,062,089
Capital and reserves
Called up share capital
7
200
200
Share premium account
4,999,900
4,999,900
Profit and loss reserves
162,216
61,989
Total equity
5,162,316
5,062,089

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

FEN VIEW COURT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 October 2024 and are signed on its behalf by:
C Crickmore
Director
Company registration number 11677477 (England and Wales)
FEN VIEW COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Fen View Court Limited is a private company limited by shares incorporated in England and Wales. The registered office is 70 Fen Road, Cambridge, England, CB4 1TU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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 FRS 102 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, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from a contract to provide services is recognised in the period in which the services are

provided in accordance with the stage of completion of the contract when all of the following

conditions are satisfied:

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

FEN VIEW COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are

recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Investment property
2023
£
Fair value
At 1 December 2022
5,348,123
Revaluations
(48,123)
At 30 November 2023
5,300,000

The investment properties have been revalued, based on the directors' valuation, to reflect their open market value as at the balance sheet date. The valuations were made by reference to market evidence of transaction prices for similar properties.

 

The historical cost of the investment properties in the valuation above is £5,348,123 (2022: £5,348,123).

FEN VIEW COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
4,999
Other debtors
398,829
201,085
Prepayments and accrued income
-
0
553
398,829
206,637
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,044
9,771
Trade creditors
23,505
92,973
Corporation tax
77,567
30,596
Other creditors
428,591
334,524
Accruals and deferred income
4,900
12,061
544,607
479,925
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
16,439
26,523
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
200
200
200
8
Related party transactions

Included within other debtors is £370,569 (2022: £7,315) due from companies under common control.

 

Included within other creditors is £161,431 (2022: £32,758) owed to companies under common control.

 

Included within other creditors is £1,165 (2022: £nil) owed to other companies in which C Crickmore is a director.

 

Included within creditors is £265,975 (2022: £301,766) owed to the directors.

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