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REGISTERED NUMBER: 03750499 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

FSP Business Services Limited

FSP Business Services Limited (Registered number: 03750499)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


FSP Business Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A Franklin
M R Franklin
J R M Franklin





REGISTERED OFFICE: Home Farm Cottage
Cholesbury
Tring
Hertfordshire
HP23 6ND





REGISTERED NUMBER: 03750499 (England and Wales)





ACCOUNTANTS: Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA

FSP Business Services Limited (Registered number: 03750499)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property management.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

P A Franklin
M R Franklin
J R M Franklin

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M R Franklin - Director


31 August 2024

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
FSP Business Services Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FSP Business Services Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of FSP Business Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FSP Business Services Limited and state those matters that we have agreed to state to the Board of Directors of FSP Business Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FSP Business Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FSP Business Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FSP Business Services Limited. You consider that FSP Business Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FSP Business Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA


31 August 2024

FSP Business Services Limited (Registered number: 03750499)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER - -

Administrative expenses 2,216 2,327
OPERATING LOSS 4 (2,216 ) (2,327 )

Interest receivable and similar income 8,685 1,723
PROFIT/(LOSS) BEFORE TAXATION 6,469 (604 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

6,469

(604

)

FSP Business Services Limited (Registered number: 03750499)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 602 803
Investments 6 100 100
702 903

CURRENT ASSETS
Debtors 7 735,987 725,987
Cash at bank 742,702 805,973
1,478,689 1,531,960
CREDITORS
Amounts falling due within one year 8 83,691 83,632
NET CURRENT ASSETS 1,394,998 1,448,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,395,700

1,449,231

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,395,600 1,449,131
1,395,700 1,449,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





M R Franklin - Director


FSP Business Services Limited (Registered number: 03750499)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

FSP Business Services 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.

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.

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

Computer equipment - 25% reducing balance method

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. OPERATING LOSS

The operating loss is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 201 268

FSP Business Services Limited (Registered number: 03750499)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,673 5,610 18,283
DEPRECIATION
At 1 April 2023 12,673 4,807 17,480
Charge for year - 201 201
At 31 March 2024 12,673 5,008 17,681
NET BOOK VALUE
At 31 March 2024 - 602 602
At 31 March 2023 - 803 803

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 735,987 725,987

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 83,691 83,632

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.