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Company Registration No. 12450092 (England and Wales)
FAITHFULLEE INVESTMENTS LTD Unaudited accounts for the year ended 29 February 2024
FAITHFULLEE INVESTMENTS LTD Unaudited accounts Contents
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FAITHFULLEE INVESTMENTS LTD Company Information for the year ended 29 February 2024
Director
David Alexander Lee
Company Number
12450092 (England and Wales)
Registered Office
93 CAPEL ROAD LONDON E7 0JS ENGLAND
Accountants
Faxon Consulting Ltd 85 Great Portland Street London W1W 7LT
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FAITHFULLEE INVESTMENTS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
398,000 
398,000 
Current assets
Cash at bank and in hand
3,881 
3,747 
Creditors: amounts falling due within one year
(1,970)
(1,038)
Net current assets
1,911 
2,709 
Total assets less current liabilities
399,911 
400,709 
Creditors: amounts falling due after more than one year
(354,525)
(364,525)
Net assets
45,386 
36,184 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
33,000 
33,000 
Profit and loss account
12,385 
3,183 
Shareholders' funds
45,386 
36,184 
For the year ending 29 February 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 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 1 November 2024 and were signed on its behalf by
David Alexander Lee Director Company Registration No. 12450092
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FAITHFULLEE INVESTMENTS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
FAITHFULLEE INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12450092. The registered office is 93 CAPEL ROAD, LONDON, E7 0JS, 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.
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:
Land & buildings
5% Depreciation rate
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
398,000 
At 29 February 2024
398,000 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
398,000 
At 28 February 2023
398,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,970 
1,038 
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FAITHFULLEE INVESTMENTS LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
279,225 
279,225 
Loans from directors
75,300 
85,300 
354,525 
364,525 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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