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REGISTERED NUMBER: 11112461 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FITZROY CAPABILITIES LIMITED

FITZROY CAPABILITIES LIMITED (REGISTERED NUMBER: 11112461)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FITZROY CAPABILITIES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: B A Wansbrough-Jones





REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT





REGISTERED NUMBER: 11112461 (England and Wales)






FITZROY CAPABILITIES LIMITED (REGISTERED NUMBER: 11112461)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,709 207,909
Investment property 5 886,322 886,322
905,031 1,094,231

CURRENT ASSETS
Stocks 13,898,800 -
Debtors 6 377,272 376,008
Cash at bank 1,032,807 21,566
15,308,879 397,574
CREDITORS
Amounts falling due within one year 7 14,731,235 1,558,325
NET CURRENT ASSETS/(LIABILITIES) 577,644 (1,160,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,482,675

(66,520

)

CREDITORS
Amounts falling due after more than one
year

8

(813,996

)

-

PROVISIONS FOR LIABILITIES (24,055 ) -

ACCRUALS AND DEFERRED INCOME (5,485 ) (2,713 )
NET ASSETS/(LIABILITIES) 639,139 (69,233 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 639,137 (69,235 )
639,139 (69,233 )

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.

FITZROY CAPABILITIES LIMITED (REGISTERED NUMBER: 11112461)

BALANCE SHEET - 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.

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 16 October 2024 and were signed by:





B A Wansbrough-Jones - Director


FITZROY CAPABILITIES LIMITED (REGISTERED NUMBER: 11112461)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Fitzroy Capabilities 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

At the balance sheet date the company had net current liabilities of £236,837 (2022 - £1,160,751), and total net liabilities of £815,974 (2022 - £69,233). The director has expressed his willingness to support the company as necessary and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


FITZROY CAPABILITIES LIMITED (REGISTERED NUMBER: 11112461)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Frs transition note
The principle accounting policies adopted in the preparation of the financial statements are set out below.
The company adopted FRS 102 Section 1A "Small Entities" in the current year and both the financial performance and financial position of the company have changed as a result of the transition.
The date of transition was 1 January 2022.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant & Fixtures
machinery & fittings Totals
£    £    £   
COST
At 1 January 2023 35,788 405,524 441,312
Additions - 1,083 1,083
Disposals (35,788 ) (384,250 ) (420,038 )
At 31 December 2023 - 22,357 22,357
DEPRECIATION
At 1 January 2023 24,061 209,342 233,403
Charge for year 2,346 37,243 39,589
Eliminated on disposal (26,407 ) (242,937 ) (269,344 )
At 31 December 2023 - 3,648 3,648
NET BOOK VALUE
At 31 December 2023 - 18,709 18,709
At 31 December 2022 11,727 196,182 207,909

FITZROY CAPABILITIES LIMITED (REGISTERED NUMBER: 11112461)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 886,322
NET BOOK VALUE
At 31 December 2023 886,322
At 31 December 2022 886,322

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 377,272 376,008

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,104,956 1,128,079
Taxation and social security 219,450 -
Other creditors 406,829 430,246
14,731,235 1,558,325

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 813,996 -

9. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.