2023-04-01 06722714 2024-03-31 06722714 2023-04-01 2024-03-31 06722714 2023-03-31 06722714 2022-04-01 2023-03-31 06722714 uk-core:WithinOneYear 2023-03-31 06722714 uk-core:WithinOneYear 2024-03-31 06722714 uk-core:AfterOneYear 2023-03-31 06722714 uk-core:AfterOneYear 2024-03-31 06722714 uk-core:ShareCapital 2024-03-31 06722714 uk-core:ShareCapital 2023-03-31 06722714 uk-core:RevaluationReserve 2024-03-31 06722714 uk-core:RevaluationReserve 2023-03-31 06722714 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 06722714 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 06722714 uk-bus:Director1 2023-04-01 2024-03-31 06722714 uk-core:AfterOneYear uk-core:Secured 2024-03-31 06722714 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 06722714 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06722714 uk-bus:FRS102 2023-04-01 2024-03-31 06722714 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 06722714 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
F&N Property Ltd
Registered Number:06722714
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
F&N Property Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06722714
As at 31 March 2024
F&N Property Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
347,000
395,000
Investment property
347,000
395,000
Current assets
Trade and other receivables
124,386
385,827
3
105,113
Cash and cash equivalents
114,093
499,920
229,499
Trade and other payables: amounts falling due within one year
(27,557)
(67,767)
4
201,942
432,153
Net current assets
Total assets less current liabilities
779,153
596,942
Trade and other payables: amounts falling due after more than one year
(10,155)
-
5
(10,000)
-
Provisions for liabilities
769,153
Net assets
586,787
Capital and reserves
Called up share capital
2
1
Revaluation reserve
30,000
-
6
Retained earnings
739,151
586,786
769,153
586,787
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
M G Merali Director
These financial statements were approved and authorised for issue by the Board on 21 November 2024 and were signed by:
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4
Registered Number :
06722714
For the year ended 31 March 2024
F&N Property Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
F&N Property Ltd
Notes to the Financial Statements
Statutory Information
F&N Property Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 06722714.
Registered address:
209-211 Whitham Road
Sheffield
S10 2SP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2. Investment property
Total
£
Fair value
At 01 April 2023
395,000
Disposals
(88,000)
Fair value adjustments
40,000
At 31 March 2024
347,000
Net book value
At 31 March 2024
347,000
At 31 March 2023
395,000
The historical cost of these assets is £307,000 (2023: £395,000).
3. Trade and other receivables
2023
2024
£
£
Trade debtors
75,825
124,385
Other debtors
310,002
1
124,386
385,827
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6
For the year ended 31 March 2024
F&N Property Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
14,631
14,631
Taxation and social security
52,788
12,608
Other creditors
348
318
67,767
27,557
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
10,155
6. Reserves
Total
£
Revaluation reserve at 01 April 2023
-
Revaluation of fixed assets
40,000
Transfers to/from other reserves
(10,000)
30,000
Revaluation reserve at 31 March 2024
7. Average number of persons employed
During the year the average number of employees was 0
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