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REGISTERED NUMBER: 08000101 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FAWCETT (CUMBRIA) LIMITED

FAWCETT (CUMBRIA) LIMITED (REGISTERED NUMBER: 08000101)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FAWCETT (CUMBRIA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J T Fawcett
Mrs S E Fawcett
Mr D S Fawcett



REGISTERED OFFICE: 32 Wheatclose Road
Barrow in Furness
Cumbria
LA14 4EJ



REGISTERED NUMBER: 08000101 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

FAWCETT (CUMBRIA) LIMITED (REGISTERED NUMBER: 08000101)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 790,207 795,207

CURRENT ASSETS
Debtors - 55,889
Cash at bank 97,944 62,736
97,944 118,625
CREDITORS
Amounts falling due within one year 54,994 67,471
NET CURRENT ASSETS 42,950 51,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

833,157

846,361

CREDITORS
Amounts falling due after more than one
year

652,438

653,251
NET ASSETS 180,719 193,110

CAPITAL AND RESERVES
Called up share capital 5 200 200
Retained earnings 180,519 192,910
SHAREHOLDERS' FUNDS 180,719 193,110

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.

FAWCETT (CUMBRIA) LIMITED (REGISTERED NUMBER: 08000101)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Mr D S Fawcett - Director


FAWCETT (CUMBRIA) LIMITED (REGISTERED NUMBER: 08000101)

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

1. STATUTORY INFORMATION

Fawcett (Cumbria) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rental income as adjusted for accrued and deferred income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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.

Depreciation of freehold property
Depreciation of freehold property was introduced on 01.04.21

Grants
Grants received in connection with the purchase of tangible fixed assets are credited to reserve and released to profit and loss account in accordance with the underlying depreciation policy.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

FAWCETT (CUMBRIA) LIMITED (REGISTERED NUMBER: 08000101)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 841,166
Additions 15,150
At 31 March 2024 856,316
DEPRECIATION
At 1 April 2023 45,959
Charge for year 20,150
At 31 March 2024 66,109
NET BOOK VALUE
At 31 March 2024 790,207
At 31 March 2023 795,207

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
100 Consideration £1 100 100
200 200

6. RELATED PARTY DISCLOSURES

At 31st March 2024 Mr D Fawcett, a director of the company, had on an unsecured interest free basis advanced £692,238 (2023: £689,697) to the company.