Company Registration No. 12958926 (England and Wales)
Felgate Property Ltd
Unaudited accounts
for the year ended 30 September 2024
Felgate Property Ltd
Unaudited accounts
Contents
Felgate Property Ltd
Company Information
for the year ended 30 September 2024
Directors
Gregory John Felgate
Kate Louise Felgate
Company Number
12958926 (England and Wales)
Registered Office
33 ST. MARYS WALK
HARROGATE
HG2 0LS
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Felgate Property Ltd
Accountants' report
Accountants' report to the board of directors of Felgate Property Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Felgate Property Ltd for the year ended
30 September 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Felgate Property Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Felgate Property Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Felgate Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Felgate Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Felgate Property Ltd. You consider that Felgate Property Ltd 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 accounts of Felgate Property Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
5 October 2024
Felgate Property Ltd
Statement of financial position
as at 30 September 2024
Investment property
-
85,000
Cash at bank and in hand
-
3,919
Creditors: amounts falling due within one year
(1,140)
(92,000)
Net current liabilities
(61)
(88,081)
Net liabilities
(61)
(3,081)
Called up share capital
2
2
Revaluation reserve
(1,707)
(1,707)
Profit and loss account
1,644
(1,376)
Shareholders' funds
(61)
(3,081)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by
Gregory John Felgate
Director
Company Registration No. 12958926
Felgate Property Ltd
Notes to the Accounts
for the year ended 30 September 2024
Felgate Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12958926. The registered office is 33 ST. MARYS WALK, HARROGATE, HG2 0LS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 October 2023
85,000
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
60
-
Loans from directors
-
91,280
7
Transactions with related parties
At the year end, the directors were owed £91,279 (2022 - £91,005). No interest has been charged in the year (2022 - £1,000)..
Felgate Property Ltd
Notes to the Accounts
for the year ended 30 September 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).