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REGISTERED NUMBER: 04633857 (England and Wales)














FAT CHEEPY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


FAT CHEEPY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr P J Bryden
Mr C Bryden





SECRETARY: Dr P J Bryden





REGISTERED OFFICE: Chestnuts
Old Forewood Lane
Crowhurst
East Sussex
TN33 9AA





REGISTERED NUMBER: 04633857 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ

FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 937,440 937,440

CURRENT ASSETS
Debtors 5 4,426 3,245
Cash at bank 17,493 11,329
21,919 14,574
CREDITORS
Amounts falling due within one year 6 6,167 3,970
NET CURRENT ASSETS 15,752 10,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

953,192

948,044

CREDITORS
Amounts falling due after more than
one year

7

(900,819

)

(900,794

)

PROVISIONS FOR LIABILITIES (38,950 ) (38,950 )
NET ASSETS 13,423 8,300

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 166,050 166,050
Retained earnings (152,727 ) (157,850 )
SHAREHOLDERS' FUNDS 13,423 8,300

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.

FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





Dr P J Bryden - Director


FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Fat Cheepy 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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis. The Directors have indicated that they will continue to support the company on this basis.

Taking into account the above factors, the Directors consider that it is appropriate for the accounts to be prepared on a going concern basis.

TURNOVER
Turnover represents rental income and consultancy income receivable for the year (excluding VAT).

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 937,440
NET BOOK VALUE
At 31 March 2024 937,440
At 31 March 2023 937,440

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 205,000
Cost 732,440
937,440

FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 732,440 732,440

Investment properties were valued on an open market basis on 31 March 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,426 3,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 6,167 3,970

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 556,138 556,113
Other creditors 344,681 344,681
900,819 900,794

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 556,138 556,113

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Property mortgages 556,126 556,113

Aldermore Bank PLC and Paratus Amc Limited hold charges over the investment property owned by the company at 21 Canary Quay, Eastbourne.

Keystone Property Finance Limited hold a fixed charge over the investment property owned by the company at Flat 68, The Oxygen, London.

FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 166,050