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Company Registration No. 11149709 (England and Wales)
FMK Properties Limited Filleted accounts for the year ended 31 January 2024
FMK Properties Limited Filleted accounts Contents
Page
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FMK Properties Limited Company Information for the year ended 31 January 2024
Directors
Frantisek Miksicek Manjit Kooner
Company Number
11149709 (England and Wales)
Registered Office
Broom Cottage, Newton Lane Threapwood, Cheadle Stoke-on-Trent Staffordshire ST10 4RB
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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FMK Properties Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
588,040 
588,040 
Current assets
Debtors
650 
- 
Cash at bank and in hand
3,430 
7,328 
4,080 
7,328 
Creditors: amounts falling due within one year
(13,684)
(12,023)
Net current liabilities
(9,604)
(4,695)
Total assets less current liabilities
578,436 
583,345 
Creditors: amounts falling due after more than one year
(543,000)
(563,000)
Net assets
35,436 
20,345 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
35,426 
20,335 
Shareholders' funds
35,436 
20,345 
For the year ending 31 January 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 30 October 2024 and were signed on its behalf by
Frantisek Miksicek Director Company Registration No. 11149709
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FMK Properties Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
FMK Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11149709. The registered office is Broom Cottage, Newton Lane, Threapwood, Cheadle, Stoke-on-Trent, Staffordshire, ST10 4RB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
588,040 
At 31 January 2024
588,040 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
650 
- 
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FMK Properties Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
500 
113 
Taxes and social security
4,478 
3,249 
Other creditors
8,226 
8,181 
Accruals
480 
480 
13,684 
12,023 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
543,000 
563,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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