2023-05-012024-04-302024-04-30false03300853FORMALSECURE PROPERTY MANAGEMENT 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FORMALSECURE PROPERTY MANAGEMENT LIMITED

Registered Number
03300853
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

FORMALSECURE PROPERTY MANAGEMENT LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

FOSTER, Timothy Andrew
HALES, David John
HARRISON, David Andrew

Registered Address

Wolfe Mead
Farnham Road
Bordon
GU35 0NH

Registered Number

03300853 (England and Wales)
FORMALSECURE PROPERTY MANAGEMENT LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311
11
Current assets
Debtors6,6523,982
Cash at bank and on hand3,7284,826
10,3808,808
Creditors amounts falling due within one year4(690)(554)
Net current assets (liabilities)9,6908,254
Total assets less current liabilities9,6918,255
Net assets9,6918,255
Capital and reserves
Profit and loss account9,6918,255
Reserves9,6918,255
The financial statements were approved and authorised for issue by the Board of Directors on 23 November 2024, and are signed on its behalf by:
HARRISON, David Andrew
Director
Registered Company No. 03300853
FORMALSECURE PROPERTY MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Current taxation
In the opinion of the Directors, the Company is not a close Company within the meaning of the income and Corporation Taxes Act 1988.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 May 2311
At 30 April 2411
Net book value
At 30 April 2411
At 30 April 2311
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables90154
Accrued liabilities and deferred income600400
Total690554