Company Registration No. 12327878 (England and Wales)
FAP PROPERTIES LIMITED
Unaudited accounts
for the year ended 30 November 2023
FAP PROPERTIES LIMITED
Unaudited accounts
Contents
FAP PROPERTIES LIMITED
Company Information
for the year ended 30 November 2023
Company Number
12327878 (England and Wales)
Registered Office
75 RIBBLETON AVENUE
PRESTON
LANCASHIRE
PR1 5RX
UNITED KINGDOM
Accountants
Zakirhusen Member MAAT
Bluewater Accountants Ltd
210 New Hall Lane
Preston
Lancashire
PR1 4SS
FAP PROPERTIES LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
340,199
340,265
Cash at bank and in hand
18,828
20,032
Creditors: amounts falling due within one year
(4,206)
(7,261)
Net current assets
14,622
12,771
Total assets less current liabilities
354,821
353,036
Creditors: amounts falling due after more than one year
(340,000)
(340,000)
Profit and loss account
14,721
12,936
Shareholders' funds
14,821
13,036
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 31 October 2024 and were signed on its behalf by
Mr Fayaz PATEL
Director
Company Registration No. 12327878
FAP PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
FAP PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12327878. The registered office is 75 RIBBLETON AVENUE, PRESTON, LANCASHIRE, PR1 5RX, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RB
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
340,000
274
340,274
At 30 November 2023
340,000
274
340,274
Charge for the year
-
66
66
At 30 November 2023
-
75
75
At 30 November 2023
340,000
199
340,199
At 30 November 2022
340,000
265
340,265
FAP PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
616
834
Other creditors
1,257
2,857
Loans from directors
1,300
3,140
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
340,000
340,000
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).