REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 30 October 2022 to 27 October 2023 |
for |
FGS Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 30 October 2022 to 27 October 2023 |
for |
FGS Properties Limited |
FGS Properties Limited (Registered number: 05376264) |
Contents of the Financial Statements |
for the Period 30 October 2022 to 27 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 8 |
FGS Properties Limited |
Company Information |
for the Period 30 October 2022 to 27 October 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Finance Centre |
34a Southgate |
Sleaford |
Lincolnshire |
NG34 7RY |
FGS Properties Limited (Registered number: 05376264) |
Balance Sheet |
27 October 2023 |
27.10.23 | 29.10.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
FGS Properties Limited (Registered number: 05376264) |
Balance Sheet - continued |
27 October 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
FGS Properties Limited (Registered number: 05376264) |
Notes to the Financial Statements |
for the Period 30 October 2022 to 27 October 2023 |
1. | STATUTORY INFORMATION |
FGS Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Land and buildings | - |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period 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 period 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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
FGS Properties Limited (Registered number: 05376264) |
Notes to the Financial Statements - continued |
for the Period 30 October 2022 to 27 October 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 30 October 2022 |
Additions |
At 27 October 2023 |
DEPRECIATION |
At 30 October 2022 |
Charge for period |
At 27 October 2023 |
NET BOOK VALUE |
At 27 October 2023 |
At 29 October 2022 |
Cost or valuation at 27 October 2023 is represented by: |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2014 | 850,000 | - | 850,000 |
Cost | 196,568 | 278,314 | 474,882 |
1,046,568 | 278,314 | 1,324,882 |
Freehold land and buildings were valued on an open market basis on 22 May 2014 by Humberts Leisure . |
FGS Properties Limited (Registered number: 05376264) |
Notes to the Financial Statements - continued |
for the Period 30 October 2022 to 27 October 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST OR VALUATION |
At 30 October 2022 |
Transfer to ownership | (68,800 | ) |
At 27 October 2023 |
DEPRECIATION |
At 30 October 2022 |
Charge for period |
Transfer to ownership | (59,008 | ) |
At 27 October 2023 |
NET BOOK VALUE |
At 27 October 2023 |
At 29 October 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 30 October 2022 |
and 27 October 2023 |
NET BOOK VALUE |
At 27 October 2023 |
At 29 October 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.10.23 | 29.10.22 |
£ | £ |
Trade debtors |
Other debtors |
FGS Properties Limited (Registered number: 05376264) |
Notes to the Financial Statements - continued |
for the Period 30 October 2022 to 27 October 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.10.23 | 29.10.22 |
£ | £ |
Hire purchase contracts |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
27.10.23 | 29.10.22 |
£ | £ |
Hire purchase contracts |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
27.10.23 | 29.10.22 |
£ | £ |
Hire purchase contracts | 71,593 | 109,428 |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 30 October 2022 |
and 27 October 2023 |
11. | RELATED PARTY DISCLOSURES |
Included in creditors is a loan to the company from Pleisuretime Pub Company Limited of £1,828 (29.10.22 - £1,828). |
Included in creditors is an amount due to FGS Furnishings Limited of £125,370 (29.10.22 - £159,996). |
The company charged rent of £43,333 (29.10.22 - £43,333) to Pleisuretime Pub Company Limited. |
Included in sales is an amount invoiced to FGS Furnishings Ltd of £12,905. (27.10.22 - £19,546) and an amount invoiced to Pleisuretime Pub Company Ltd of 1,023. (29.10.22 - £5,390l). |
FGS Properties Limited |
Report of the Accountants to the Directors of |
FGS Properties Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 27 October 2023 set out on pages three to nine and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
The Finance Centre |
34a Southgate |
Sleaford |
Lincolnshire |
NG34 7RY |