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REGISTERED NUMBER: 11254890 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Falconridge Properties Ltd

Falconridge Properties Ltd (Registered number: 11254890)






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


Falconridge Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J A Lewis
L A Lewis
M Lewis
N J Lewis





SECRETARY:





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 11254890 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Falconridge Properties Ltd (Registered number: 11254890)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,500 -
Investment property 5 449,970 281,850
455,470 281,850

CURRENT ASSETS
Debtors 6 489 108
Cash at bank and in hand 9,459 1,158
9,948 1,266
CREDITORS
Amounts falling due within one year 7 447,434 260,040
NET CURRENT LIABILITIES (437,486 ) (258,774 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,984

23,076

CAPITAL AND RESERVES
Called up share capital 20 10
Retained earnings 17,964 23,066
17,984 23,076

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.

Falconridge Properties Ltd (Registered number: 11254890)

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 Income Statement 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:





L A Lewis - Director


Falconridge Properties Ltd (Registered number: 11254890)

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

1. STATUTORY INFORMATION

Falconridge Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Falconridge Properties Ltd (Registered number: 11254890)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 7,333
At 31 March 2024 7,333
DEPRECIATION
Charge for year 1,833
At 31 March 2024 1,833
NET BOOK VALUE
At 31 March 2024 5,500

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 281,850
Additions 168,120
At 31 March 2024 449,970
NET BOOK VALUE
At 31 March 2024 449,970
At 31 March 2023 281,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 489 108

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to associates 444,495 259,495
Other creditors 2,939 545
447,434 260,040