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Registration number: 14711193

FMLH (Propco) Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 October 2023 to 30 April 2024

 

FMLH (Propco) Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

FMLH (Propco) Limited

(Registration number: 14711193)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

587,476

-

Current assets

 

Debtors

40,535

100

Cash at bank and in hand

 

49,053

-

 

89,588

100

Creditors: Amounts falling due within one year

5

(61,378)

-

Net current assets

 

28,210

100

Total assets less current liabilities

 

615,686

100

Creditors: Amounts falling due after more than one year

6

(638,340)

-

Net (liabilities)/assets

 

(22,654)

100

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(22,754)

-

Total equity

 

(22,654)

100

For the financial period ending 30 April 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

FMLH (Propco) Limited

(Registration number: 14711193)
Abridged Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

Mrs H C Rogers

Director

Mr J Walsh

Director

Mr Y Alony-Gilboa

Director

Ms J Child

Director

 

FMLH (Propco) Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2023 to 30 April 2024

1

General information

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

The address of its registered office is:
Friars Moor Veterinary Clinic
Manston Road
Sturminster Newton
Dorset
DT10 1BH

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Disclosure of long or short period

The reporting period has been shortened to 30 April 2024 from 30 September 2024 to coincide with the end of the reporting periods for other associated companies. Therefore comparative amounts presented in these financial statements are not entirely comparable.

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

FMLH (Propco) Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2023 to 30 April 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2023 - 4).

4

Tangible assets

Investment properties

2024
£

Additions

587,476

There has been no valuation of investment property by an independent valuer.

5

Creditors: amounts falling due within one year

Creditors include bank loans which are secured by way of fixed charges containing a negative pledge of £2,804 (2023 - £Nil).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured by way of fixed charges containing a negative pledge of £638,340 (2023 - £Nil).