Fen Properties Limited 03142779 false 2023-04-06 2024-04-05 2024-04-05 The principal activity of the company is the letting of property Digita Accounts Production Advanced 6.30.9574.0 true false 03142779 2023-04-06 2024-04-05 03142779 2024-04-05 03142779 bus:OrdinaryShareClass1 2024-04-05 03142779 core:RetainedEarningsAccumulatedLosses 2024-04-05 03142779 core:ShareCapital 2024-04-05 03142779 core:CurrentFinancialInstruments 2024-04-05 03142779 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-05 03142779 core:FurnitureFittingsToolsEquipment 2024-04-05 03142779 bus:SmallEntities 2023-04-06 2024-04-05 03142779 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 03142779 bus:FullAccounts 2023-04-06 2024-04-05 03142779 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 03142779 bus:RegisteredOffice 2023-04-06 2024-04-05 03142779 bus:Director2 2023-04-06 2024-04-05 03142779 bus:OrdinaryShareClass1 2023-04-06 2024-04-05 03142779 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 03142779 core:FurnitureFittingsToolsEquipment 2023-04-06 2024-04-05 03142779 1 2023-04-06 2024-04-05 03142779 countries:England 2023-04-06 2024-04-05 03142779 2023-04-05 03142779 core:FurnitureFittingsToolsEquipment 2023-04-05 03142779 2022-04-06 2023-04-05 03142779 2023-04-05 03142779 bus:OrdinaryShareClass1 2023-04-05 03142779 core:RetainedEarningsAccumulatedLosses 2023-04-05 03142779 core:ShareCapital 2023-04-05 03142779 core:CurrentFinancialInstruments 2023-04-05 03142779 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-05 03142779 core:CurrentFinancialInstruments core:PreviouslyStatedAmount 2023-04-05 03142779 core:FurnitureFittingsToolsEquipment 2023-04-05 03142779 core:PreviouslyStatedAmount 2023-04-05 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03142779

Fen Properties Limited

Filleted Unaudited Financial Statements

for the Year Ended 5 April 2024

 

Fen Properties Limited

(Registration number: 03142779)
Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

20,006

17,706

Investments

6

-

240,202

Cash at bank and in hand

 

109,413

1,085,069

 

129,419

1,342,977

Creditors: Amounts falling due within one year

7

(44,919)

(55,277)

Net assets

 

84,500

1,287,700

Capital and reserves

 

Called up share capital

8

5,000

5,000

Retained earnings

79,500

1,282,700

Shareholders' funds

 

84,500

1,287,700

For the financial year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 November 2024 and signed on its behalf by:
 


Mr A P S Keeling
Director

   
 

Fen Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 03142779

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Fen Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

15% and 20% per annum on cost

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Fen Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2023 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 6 April 2023

1,282

1,282

At 5 April 2024

1,282

1,282

Depreciation

At 6 April 2023

1,282

1,282

At 5 April 2024

1,282

1,282

Carrying amount

At 5 April 2024

-

-

At 5 April 2023

-

-

5

Debtors

Current

2024
£

2023
£

Other debtors

9,194

9,194

Social security and other taxes

10,812

8,512

20,006

17,706

6

Current asset investments

2024
£

2023
£

Other investments

-

240,202

 

Fen Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

7

Creditors

2024
£

2023
£

Due within one year

Social security and other taxes

-

6,061

Other payables

44,919

49,216

44,919

55,277

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

5,000

5,000

5,000

5,000

         

9

Parent and ultimate parent undertaking

The company's immediate parent is Hambledon Properties Limited, incorporated in the Isle of Man.

 The ultimate controlling party is Hambledon Trust.