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REGISTERED NUMBER: 09795161 (England)










Fellside Properties (North West) Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Fellside Properties (North West) Limited (Registered number: 09795161)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fellside Properties (North West) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Lee Alwyn Cowking
Mrs Deborah Grace Cowking





REGISTERED OFFICE: Mill Farm
Mill Lane
Waddington
Lancashire
BB7 3JJ





REGISTERED NUMBER: 09795161 (England)






Fellside Properties (North West) Limited (Registered number: 09795161)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 67,649 74,451

CURRENT ASSETS
Debtors 5 434 20,841
Cash at bank 127,315 131,918
127,749 152,759
CREDITORS
Amounts falling due within one year 6 (137,336 ) (161,662 )
NET CURRENT LIABILITIES (9,587 ) (8,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,062

65,548

PROVISIONS FOR LIABILITIES (29 ) (200 )
NET ASSETS 58,033 65,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,933 65,248
58,033 65,348

Fellside Properties (North West) Limited (Registered number: 09795161)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Profit and Loss Account and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





Mrs Deborah Grace Cowking - Director


Fellside Properties (North West) Limited (Registered number: 09795161)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Mill Farm
Mill Lane
Waddington
Lancashire
BB7 3JJ
England

2. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all the years presented, unless otherwise stated.

STATEMENT OF COMPLIANCE
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

GOING CONCERN
As the company only started to receive income shortly before the year-end, the directors believe that subsequent accounts will show improved result.The directors have agreed to only seek repayment of the amounts owed to them as and when the company has sufficient funds and to continue to support the company. Accordingly the accounts have been prepared on a going concern basis.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Fellside Properties (North West) Limited (Registered number: 09795161)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Motor Vehicles20% Reducing Balance
Plant and Machinery25% Straight Line
Land and buildingsHeld at cost
Furniture and Fittings25% Reducing Balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of Retained Earnings, 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.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Fellside Properties (North West) Limited (Registered number: 09795161)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DIVIDENDS
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 40,606 248 1,119 39,995 81,968
DEPRECIATION
At 1 July 2023 - 239 612 6,666 7,517
Charge for year - 9 127 6,666 6,802
At 30 June 2024 - 248 739 13,332 14,319
NET BOOK VALUE
At 30 June 2024 40,606 - 380 26,663 67,649
At 30 June 2023 40,606 9 507 33,329 74,451

Included within the net book value of land and buildings above is £40,606 (2022 - £40,606) in respect of freehold land and buildings.

Fellside Properties (North West) Limited (Registered number: 09795161)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests - 20,625
Prepayments 434 216
434 20,841

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 7,368 5,988
Directors' current accounts 72,085 97,307
Deferred income 56,527 57,077
Accrued expenses 1,356 1,290
137,336 161,662