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REGISTERED NUMBER: 10742339 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

FUTURE PLAN PROPERTIES LTD

FUTURE PLAN PROPERTIES LTD (REGISTERED NUMBER: 10742339)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUTURE PLAN PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr R S Brett
Mr J A Brett





REGISTERED OFFICE: 25 Tait Road
Croydon
Surrey
CR0 2DP





REGISTERED NUMBER: 10742339 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

FUTURE PLAN PROPERTIES LTD (REGISTERED NUMBER: 10742339)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 4,459,239 4,091,477
4,459,239 4,091,477

CURRENT ASSETS
Debtors 6 217,672 123,236
Cash at bank 172,507 5,201
390,179 128,437
CREDITORS
Amounts falling due within one
year

7

91,277

190,894
NET CURRENT ASSETS/(LIABILITIES) 298,902 (62,457 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,758,141

4,029,020

CREDITORS
Amounts falling due after more
than one year

8

(2,177,091

)

(1,645,964

)

PROVISIONS FOR LIABILITIES (537,854 ) (499,821 )
NET ASSETS 2,043,196 1,883,235

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 2,293,475 2,131,332
Retained earnings 9 (250,281 ) (248,099 )
2,043,196 1,883,235

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

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

FUTURE PLAN PROPERTIES LTD (REGISTERED NUMBER: 10742339)

BALANCE SHEET - continued
30TH APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th January 2025 and were signed on its behalf by:





Mr J A Brett - Director


FUTURE PLAN PROPERTIES LTD (REGISTERED NUMBER: 10742339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Future Plan Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st May 2023
and 30th April 2024 871
DEPRECIATION
At 1st May 2023
and 30th April 2024 871
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

FUTURE PLAN PROPERTIES LTD (REGISTERED NUMBER: 10742339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 4,091,477
Additions 167,586
Revaluations 200,176
At 30th April 2024 4,459,239
NET BOOK VALUE
At 30th April 2024 4,459,239
At 30th April 2023 4,091,477

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2020 2,631,274
Valuation in 2024 200,176
Cost 1,627,789
4,459,239

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 5,446 945
Other debtors 109,139 106,306
Directors' current accounts 98,651 12,178
Prepayments and accrued income 4,436 3,807
217,672 123,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 64,336
Trade creditors 13,325 64,789
Social security and other taxes 16,946 17,673
Other creditors 9,495 1,817
Net wages 553 698
K Brett 958 958
T Brett 50,000 25,000
Directors' current accounts - 15,623
91,277 190,894

FUTURE PLAN PROPERTIES LTD (REGISTERED NUMBER: 10742339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loan more than one year 2,177,091 1,645,964

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st May 2023 (248,099 ) 2,131,332 1,883,233
Deficit for the year (2,182 ) (2,182 )
To non distributable reserve - 162,143 162,143
At 30th April 2024 (250,281 ) 2,293,475 2,043,194

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr J A Brett
Balance outstanding at start of year (15,623 ) 29,689
Amounts advanced 112,220 -
Amounts repaid (25,312 ) (45,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,285 (15,623 )

Mr R S Brett
Balance outstanding at start of year 12,178 6,705
Amounts advanced 20,500 5,785
Amounts repaid (5,312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,366 12,178

The directors' current account balances have no fixed date for repayment, are repayable on demand and include no interest charge.