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Company Registration No. 11778636 (England and Wales)
Fsb Properties Ltd Unaudited accounts for the year ended 31 January 2024
Fsb Properties Ltd Unaudited accounts Contents
Page
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Fsb Properties Ltd Company Information for the year ended 31 January 2024
Directors
Mr Uriah Brayer Mrs Vicky Freese-Brayer
Company Number
11778636 (England and Wales)
Registered Office
TY CARREG, BROAD CLOSE LANE, MOULTON MOULTON BARRY CF62 3AB UNITED KINGDOM
Accountants
Accounting Wise Ltd 3 The Carriages Station Road Ware Hertfordshire SG129PL
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Fsb Properties Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,643 
7,325 
Current assets
Inventories
360,450 
201,000 
Debtors
5,088 
2,500 
Cash at bank and in hand
27,143 
38,598 
392,681 
242,098 
Creditors: amounts falling due within one year
(398,971)
(257,145)
Net current liabilities
(6,290)
(15,047)
Total assets less current liabilities
(647)
(7,722)
Creditors: amounts falling due after more than one year
(18,661)
(21,809)
Provisions for liabilities
Deferred tax
(1,072)
(1,392)
Net liabilities
(20,380)
(30,923)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(20,382)
(30,925)
Shareholders' funds
(20,380)
(30,923)
For the year ending 31 January 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 30 September 2024 and were signed on its behalf by
Mr Uriah Brayer Director Company Registration No. 11778636
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Fsb Properties Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Fsb Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11778636. The registered office is TY CARREG, BROAD CLOSE LANE, MOULTON, MOULTON, BARRY, CF62 3AB, 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
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 & machinery
33% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
33% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
2,307 
11,700 
974 
14,981 
Additions
- 
- 
257 
257 
At 31 January 2024
2,307 
11,700 
1,231 
15,238 
Depreciation
At 1 February 2023
1,432 
5,530 
694 
7,656 
Charge for the year
289 
1,543 
107 
1,939 
At 31 January 2024
1,721 
7,073 
801 
9,595 
Net book value
At 31 January 2024
586 
4,627 
430 
5,643 
At 31 January 2023
875 
6,170 
280 
7,325 
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Fsb Properties Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,088 
2,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,717 
3,797 
Trade creditors
2,729 
3,900 
Other creditors
371,119 
99,728 
Loans from directors
20,229 
145,549 
Accruals
1,177 
4,171 
398,971 
257,145 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,661 
21,809 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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