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REGISTERED NUMBER: 04641367 (England and Wales)















Fylde Property Company Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Fylde Property Company Limited (Registered number: 04641367)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fylde Property Company Limited

Company Information
for the Year Ended 31 March 2024







Directors: Graham William Shaw
Vera May Shaw





Registered office: Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY





Registered number: 04641367 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Fylde Property Company Limited (Registered number: 04641367)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 223 317
Investment property 5 495,000 495,000
495,223 495,317

Current assets
Debtors 6 42,793 35,889
Cash at bank 6,076 9,405
48,869 45,294
Creditors
Amounts falling due within one year 7 204,387 217,840
Net current liabilities (155,518 ) (172,546 )
Total assets less current liabilities 339,705 322,771

Creditors
Amounts falling due after more than
one year

8

(35,313

)

(37,055

)

Provisions for liabilities 9 (3,564 ) (3,564 )
Net assets 300,828 282,152

Fylde Property Company Limited (Registered number: 04641367)

Statement of Financial Position - continued
31 March 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 10 100 100
Fair value reserve 11 171,808 171,808
Retained earnings 128,920 110,244
Shareholders' funds 300,828 282,152

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.

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 27 September 2024 and were signed on its behalf by:





Graham William Shaw - Director


Fylde Property Company Limited (Registered number: 04641367)

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

1. Statutory information

Fylde Property Company 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fylde Property Company Limited (Registered number: 04641367)

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

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2023
and 31 March 2024 13,417
Depreciation
At 1 April 2023 13,100
Charge for year 94
At 31 March 2024 13,194
Net book value
At 31 March 2024 223
At 31 March 2023 317

5. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 495,000
Net book value
At 31 March 2024 495,000
At 31 March 2023 495,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 495,000

Fylde Property Company Limited (Registered number: 04641367)

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

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 42,793 18,723
Other debtors - 17,166
42,793 35,889

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans 4,500 4,500
Trade creditors 4,551 3,223
Taxation and social security 18,145 7,296
Other creditors 177,191 202,821
204,387 217,840

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 35,313 37,055

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 3,564 3,564

Deferred
tax
£   
Balance at 1 April 2023 3,564
Balance at 31 March 2024 3,564

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

Fylde Property Company Limited (Registered number: 04641367)

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

11. Reserves
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 171,808