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REGISTERED NUMBER: 05600290 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

M A FITZGERALD LIMITED

M A FITZGERALD LIMITED (REGISTERED NUMBER: 05600290)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M A FITZGERALD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M A Fitzgerald





SECRETARY: Mrs G P Fitzgerald





REGISTERED OFFICE: Queens Hill House
52 Queens Road
Hertford
Hertfordshire
SG13 8BB





REGISTERED NUMBER: 05600290 (England and Wales)





ACCOUNTANTS: Gary J Cansick & Co
Chartered Accountants
Janelle House
6 Hartham Lane
Hertford
Hertfordshire
SG14 1QN

M A FITZGERALD LIMITED (REGISTERED NUMBER: 05600290)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,664,883 4,655,000

CURRENT ASSETS
Debtors 5 529,607 545,786
Cash at bank 11,686 31,786
541,293 577,572
CREDITORS
Amounts falling due within one year 6 50,156 99,914
NET CURRENT ASSETS 491,137 477,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,156,020

5,132,658

CREDITORS
Amounts falling due after more than one
year

7

(3,365,119

)

(3,365,053

)

PROVISIONS FOR LIABILITIES (243,726 ) (243,726 )
NET ASSETS 1,547,175 1,523,879

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 1,572,841 1,572,841
Retained earnings (26,666 ) (49,962 )
SHAREHOLDERS' FUNDS 1,547,175 1,523,879

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M A FITZGERALD LIMITED (REGISTERED NUMBER: 05600290)

BALANCE SHEET - continued
30 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 director and authorised for issue on 24 January 2025 and were signed by:





M A Fitzgerald - Director


M A FITZGERALD LIMITED (REGISTERED NUMBER: 05600290)

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

1. STATUTORY INFORMATION

M A Fitzgerald Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

M A FITZGERALD LIMITED (REGISTERED NUMBER: 05600290)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 4,655,000
Additions 9,883
At 30 April 2024 4,664,883
NET BOOK VALUE
At 30 April 2024 4,664,883
At 30 April 2023 4,655,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2013 1,096,162
Valuation in 2014 539,970
Valuation in 2017 45,000
Valuation in 2019 (99,578 )
Valuation in 2020 87,189
Valuation in 2021 (30,000 )
Valuation in 2022 154,436
Valuation in 2023 35,180
Cost 2,836,524
4,664,883

If investment properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 2,826,641 2,826,641

Investment properties were valued on an open market basis on 30 April 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 3,227 -
Other debtors 526,380 545,786
529,607 545,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 48,218 98,219
Other creditors 1,938 1,695
50,156 99,914

M A FITZGERALD LIMITED (REGISTERED NUMBER: 05600290)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 3,365,119 3,365,053

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,365,119 3,365,053

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 3,365,119 3,365,053

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1,000 1,000

10. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 1,572,841

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.4.24 30.4.23
£    £   
M A Fitzgerald
Balance outstanding at start of year 736,517 356,020
Amounts advanced - 380,497
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 736,517 736,517