FYLDE PROPERTY INVESTMENTS LTD

Company Registration Number:
12942348 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

FYLDE PROPERTY INVESTMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

FYLDE PROPERTY INVESTMENTS LTD

Company Information

for the Period Ended 31 October 2023




Director: Daniel Lucas Rowe
Registered office: Smithy Farm
Smithy Lane
Staining
Blackpool
England
FY3 0BJ
Company Registration Number: 12942348 (England and Wales)

FYLDE PROPERTY INVESTMENTS LTD

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

The acquisition, refurbishment, and renovation of residential property for the purposes of re-sale or let.

Political and charitable donations

N/A

Company policy on the employment of disabled persons

The company operates an equal opportunities employment scheme

Directors

The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
Daniel Lucas Rowe

This report was approved by the board of directors on 31 October 2024
And Signed On Behalf Of The Board By:

Name: Daniel Lucas Rowe
Status: Director

FYLDE PROPERTY INVESTMENTS LTD

Profit and Loss Account

for the Period Ended 31 October 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 47,369 39,850
Administrative Expenses ( 32,967 ) ( 29,398 )
Operating Profit or (Loss) 14,402 10,452
Profit or (Loss) Before Tax 14,402 10,452
Profit or (Loss) for Period 14,402 10,452

The notes form part of these financial statements

FYLDE PROPERTY INVESTMENTS LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,065,300 770,000
Total fixed assets: 1,065,300 770,000
Current assets
Debtors: 18,695 12,502
Cash at bank and in hand: 18,566
Total current assets: 37,261 12,502
Creditors: amounts falling due within one year: ( 145,000 ) ( 172,050 )
Net current assets (liabilities): ( 107,739 ) ( 159,548 )
Total assets less current liabilities: 957,561 610,452
Creditors: amounts falling due after more than one year: ( 610,000 ) ( 600,000 )
Provision for liabilities: ( 273,158 )
Total net assets (liabilities): 74,403 10,452

The notes form part of these financial statements

FYLDE PROPERTY INVESTMENTS LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 5 60,000
Profit and loss account: 14,402 10,451
Shareholders funds: 74,403 10,452

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 October 2024
And Signed On Behalf Of The Board By:

Name: Daniel Lucas Rowe
Status: Director

The notes form part of these financial statements

FYLDE PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Valuation information and policy

    All property is revalued at markets rates on year en anniversary

FYLDE PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

FYLDE PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

FYLDE PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible Assets

Total
Cost £
At 01 November 2022 770,000
Additions 100,000
Disposals -
Revaluations 195,300
Transfers -
At 31 October 2023 1,065,300
Depreciation
At 01 November 2022 -
Charge for year -
On disposals -
Other adjustments -
At 31 October 2023 -
Net book value
At 31 October 2023 1,065,300
At 31 October 2022 770,000

Addition of Tyne Avenue

FYLDE PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Revaluation reserve


2023
£
Surplus or deficit after revaluation 60,000
Balance at 31 October 2023 60,000