IRIS Accounts Production v24.3.0.553 01218827 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012188272023-03-31012188272024-03-31012188272023-04-012024-03-31012188272022-03-31012188272022-04-012023-03-31012188272023-03-3101218827ns15:EnglandWales2023-04-012024-03-3101218827ns14:PoundSterling2023-04-012024-03-3101218827ns10:Director12023-04-012024-03-3101218827ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101218827ns10:SmallEntities2023-04-012024-03-3101218827ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101218827ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101218827ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101218827ns10:FullAccounts2023-04-012024-03-3101218827ns10:Director22023-04-012024-03-3101218827ns10:CompanySecretary12023-04-012024-03-3101218827ns10:RegisteredOffice2023-04-012024-03-3101218827ns5:CurrentFinancialInstruments2024-03-3101218827ns5:CurrentFinancialInstruments2023-03-3101218827ns5:ShareCapital2024-03-3101218827ns5:ShareCapital2023-03-3101218827ns5:RetainedEarningsAccumulatedLosses2024-03-3101218827ns5:RetainedEarningsAccumulatedLosses2023-03-3101218827ns5:PlantMachinery2023-04-012024-03-3101218827ns5:PlantMachinery2023-03-3101218827ns5:PlantMachinery2024-03-3101218827ns5:PlantMachinery2023-03-3101218827ns5:CostValuation2023-03-3101218827ns5:AdditionsToInvestments2024-03-3101218827ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3101218827ns5:CostValuation2024-03-3101218827ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101218827ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 01218827 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Felix Bus Services Limited

Felix Bus Services Limited (Registered number: 01218827)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Felix Bus Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I D Middup
Mrs C E Middup





SECRETARY: Mrs C E Middup





REGISTERED OFFICE: Orchard Cottage Oaker Lane
Oaker
Matlock
Derbyshire
DE4 2JN





REGISTERED NUMBER: 01218827 (England and Wales)





ACCOUNTANTS: HUB3 LIMITED
Market Place
Crich
Matlock
Derbyshire
DE45DD

Felix Bus Services Limited (Registered number: 01218827)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271 339
Investments 5 742,727 672,933
Investment property 6 836,050 831,850
1,579,048 1,505,122

CURRENT ASSETS
Debtors 7 - 446
Cash at bank 156,576 165,389
156,576 165,835
CREDITORS
Amounts falling due within one year 8 9,634 6,674
NET CURRENT ASSETS 146,942 159,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,725,990

1,664,283

PROVISIONS FOR LIABILITIES 10,348 46,898
NET ASSETS 1,715,642 1,617,385

CAPITAL AND RESERVES
Called up share capital 5,500 5,500
Retained earnings 1,710,142 1,611,885
1,715,642 1,617,385

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.

Felix Bus Services Limited (Registered number: 01218827)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





I D Middup - Director


Felix Bus Services Limited (Registered number: 01218827)

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

1. STATUTORY INFORMATION

Felix Bus Services 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.
Plant and machinery etc - 20% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Felix Bus Services Limited (Registered number: 01218827)

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
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 13,516
DEPRECIATION
At 1 April 2023 13,177
Charge for year 68
At 31 March 2024 13,245
NET BOOK VALUE
At 31 March 2024 271
At 31 March 2023 339

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 April 2023 672,933
Additions 32,600
Revaluations 37,194
At 31 March 2024 742,727
NET BOOK VALUE
At 31 March 2024 742,727
At 31 March 2023 672,933

Cost or valuation at 31 March 2024 is represented by:

Other
investment
£   
Valuation in 2024 63,375
Cost 679,352
742,727

Felix Bus Services Limited (Registered number: 01218827)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 831,850
Revaluations 4,200
At 31 March 2024 836,050
NET BOOK VALUE
At 31 March 2024 836,050
At 31 March 2023 831,850

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 4,200
Cost 831,850
836,050

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 446

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 5,325 2,025
Other creditors 4,309 4,649
9,634 6,674