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Company Registration No. 12771504 (England and Wales)
Fareham.com Limited Unaudited accounts for the year ended 31 July 2024
Fareham.com Limited Unaudited accounts Contents
Page
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Fareham.com Limited Company Information for the year ended 31 July 2024
Director
Lee Hemington
Company Number
12771504 (England and Wales)
Registered Office
137 Gosport Road Fareham Hampshire England PO16 0PZ United Kingdom
Accountants
Pure Accounts 3 Cutlers Lane Stubbington Fareham Hants PO14 2JN
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Fareham.com Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,938 
6,109 
Investment property
805,614 
805,614 
810,552 
811,723 
Current assets
Cash at bank and in hand
10,061 
8,392 
Creditors: amounts falling due within one year
(833,714)
(834,164)
Net current liabilities
(823,653)
(825,772)
Net liabilities
(13,101)
(14,049)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(13,102)
(14,050)
Shareholders' funds
(13,101)
(14,049)
For the year ending 31 July 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 9 October 2024 and were signed on its behalf by
Lee Hemington Director Company Registration No. 12771504
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Fareham.com Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Fareham.com Limited is a private company, limited by shares, registered in England and Wales, registration number 12771504. The registered office is 137, Gosport Road, Fareham, Hampshire, England, PO16 0PZ, United Kingdom.
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: Plant and machinery, Furniture & Fixtures etc - 25% on reducing balance
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. Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. All properties are held for their investment potential and are not depreciated. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one amongst many factors reflected in the valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view
Going concern
The financial statements for the year ended 31st July 2023 have been prepared on a going concern basis. In making this going concern assessment, all available information about the foreseeable future has been taken into account. The company has the support of it's associated company. Included within other creditors is a balance of £832,820 owed to a company owned by the same director.
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Fareham.com Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
8,145 
- 
8,145 
Additions
- 
475 
475 
At 31 July 2024
8,145 
475 
8,620 
Depreciation
At 1 August 2023
2,036 
- 
2,036 
Charge for the year
1,527 
119 
1,646 
At 31 July 2024
3,563 
119 
3,682 
Net book value
At 31 July 2024
4,582 
356 
4,938 
At 31 July 2023
6,109 
- 
6,109 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
805,614 
At 31 July 2024
805,614 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
832,820 
832,820 
Loans from directors
144 
144 
Accruals
750 
1,200 
833,714 
834,164 
Other Creditors - Benosey Loan Other Creditors - Benosey Loan includes the amount of £ 8,32,820 at the year end. There is no Repayment of Interest or Principal during the year. Please confirm the same. Accruals There is Accruals of £ 750 for the year end. Director's Current Account The credit balance of Directors Current account is £ 144 as with no movement during the current year.
Corporation Tax Corporation Tax payble comes to £ Nil as computed after adjusting brought forward Property loss of £ 2594. There is Carried Forward Property Loss of £ 9,420 and Trading Loss of £ 1,813 at the year end.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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