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REGISTERED NUMBER: 00739605 (England and Wales)














F New (Turf Accountant) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






F New (Turf Accountant) Limited (Registered number: 00739605)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


F New (Turf Accountant) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D.J. New





SECRETARY: Mrs J.E. New





REGISTERED OFFICE: Bracken Lodge
63 Portchester Road
Portchester
Fareham
Hampshire
PO16 8AL





REGISTERED NUMBER: 00739605 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA

F New (Turf Accountant) Limited (Registered number: 00739605)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,029 17,222

CURRENT ASSETS
Cash at bank 28,232 33,870

CREDITORS
Amounts falling due within one year 5 8,440 9,753
NET CURRENT ASSETS 19,792 24,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,821

41,339

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Revaluation reserve 6 27,964 27,964
Retained earnings 5,857 11,375
SHAREHOLDERS' FUNDS 35,821 41,339

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:



D.J. New - Director


F New (Turf Accountant) Limited (Registered number: 00739605)

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

1. STATUTORY INFORMATION

F New (Turf Accountant) 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.
Freehold property - 2% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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).

F New (Turf Accountant) Limited (Registered number: 00739605)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 59,637
DEPRECIATION
At 1 April 2023 42,415
Charge for year 1,193
At 31 March 2024 43,608
NET BOOK VALUE
At 31 March 2024 16,029
At 31 March 2023 17,222

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation - 1,749
Other creditors 2,940 2,940
Directors' current accounts 3,820 3,504
Accrued expenses 1,680 1,560
8,440 9,753

6. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 27,964