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Company Registration No. 13054977 (England and Wales)
FKMT Limited Unaudited accounts for the year ended 31 March 2024
FKMT Limited Unaudited accounts Contents
Page
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FKMT Limited Company Information for the year ended 31 March 2024
Directors
Mr M.A. Spragg Mrs T.G. Van Der Velde
Company Number
13054977 (England and Wales)
Registered Office
Wooden Shoes Oxford Road Enysham Witney Oxon OX29 4DA England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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FKMT Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
845 
271 
Investment property
780,000 
780,000 
780,845 
780,271 
Current assets
Debtors
377 
313 
Cash at bank and in hand
26,002 
14,001 
26,379 
14,314 
Creditors: amounts falling due within one year
(587,885)
(344,396)
Net current liabilities
(561,506)
(330,082)
Total assets less current liabilities
219,339 
450,189 
Creditors: amounts falling due after more than one year
(194,603)
(425,924)
Provisions for liabilities
Deferred tax
(4,730)
(4,604)
Net assets
20,006 
19,661 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,906 
19,561 
Shareholders' funds
20,006 
19,661 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
Mr M.A. Spragg Director Company Registration No. 13054977
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FKMT Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
FKMT Limited is a private company, limited by shares, registered in England and Wales, registration number 13054977. The registered office is Wooden Shoes Oxford Road, Enysham, Witney, Oxon, OX29 4DA, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rental income from investment properties.
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:
Plant & machinery
20% Straight line basis
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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FKMT Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
339 
Additions
803 
At 31 March 2024
1,142 
Depreciation
At 1 April 2023
68 
Charge for the year
229 
At 31 March 2024
297 
Net book value
At 31 March 2024
845 
At 31 March 2023
271 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
780,000 
At 31 March 2024
780,000 
The investment properties are stated at fair value. The directors have undertaken appropriate revaluations as required to reflect the fair value position.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
377 
313 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
15 
- 
Other creditors
1,610 
- 
Loans from directors
560,802 
329,458 
Accruals
22,816 
12,611 
Deferred income
2,642 
2,327 
587,885 
344,396 
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FKMT Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
185,735 
417,056 
Other creditors
8,868 
8,868 
194,603 
425,924 
Aggregate of amounts that fall due for payment after five years
185,735 
417,056 
Bank loans are secured by charges held against the Investment properties.
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
30 
- 
Revaluation of investment property
6,153 
6,153 
Tax losses carried forward
(1,453)
(1,549)
4,730 
4,604 
2024 
2023 
£ 
£ 
Provision at start of year
4,604 
14,279 
Charged/(credited) to the profit and loss account
126 
(9,675)
Provision at end of year
4,730 
4,604 
10
Transactions with related parties
The directors have jointly loaned funds to the company to provide working capital. The loans are repayable on demand. The amount owed to the directors at 31 March 2024 totalled £560,802 (2023 - £329,458).
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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