Fuzz Down Limited 12098350 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is rental income and farming contracting Digita Accounts Production Advanced 6.30.9574.0 true 12098350 2023-08-01 2024-07-31 12098350 2024-07-31 12098350 core:CurrentFinancialInstruments 2024-07-31 12098350 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12098350 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 12098350 bus:SmallEntities 2023-08-01 2024-07-31 12098350 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12098350 bus:FilletedAccounts 2023-08-01 2024-07-31 12098350 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12098350 bus:RegisteredOffice 2023-08-01 2024-07-31 12098350 bus:Director1 2023-08-01 2024-07-31 12098350 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12098350 core:LandBuildings 2023-08-01 2024-07-31 12098350 countries:EnglandWales 2023-08-01 2024-07-31 12098350 2023-07-31 12098350 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 12098350 2022-08-01 2023-07-31 12098350 2023-07-31 12098350 core:CurrentFinancialInstruments 2023-07-31 12098350 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12098350 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 12098350

Fuzz Down Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Fuzz Down Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Fuzz Down Limited

(Registration number: 12098350)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

427,044

427,044

Current assets

 

Debtors

5

2,000

9,450

Cash at bank and in hand

 

19,531

135,773

 

21,531

145,223

Creditors: Amounts falling due within one year

6

(399,963)

(520,070)

Net current liabilities

 

(378,432)

(374,847)

Net assets

 

48,612

52,197

Capital and reserves

 

Called up share capital

500

500

Retained earnings

48,112

51,697

Shareholders' funds

 

48,612

52,197

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 February 2024 and signed on its behalf by:
 

.........................................
Mrs C M Paterson
Director

 

Fuzz Down Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Starveall Farm
Shalbourne
Marlborough
Wiltshire
SN8 3NF
United Kingdom

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current tax payable.

The current income 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.

Tangible 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 class

Depreciation method and rate

Land and buildings

Land is not depreciated

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.

 

Fuzz Down Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Debtors

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 August 2023

427,044

427,044

At 31 July 2024

427,044

427,044

Depreciation

Carrying amount

At 31 July 2024

427,044

427,044

At 31 July 2023

427,044

427,044

Included within the net book value of land and buildings above is £427,044 (2023 - £427,044) in respect of freehold land and buildings.
 

 

Fuzz Down Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

2,000

9,450

 

2,000

9,450

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

13,976

14,072

Other creditors

385,987

505,998

399,963

520,070

7

Related party transactions

Other transactions with directors

Included in other creditors at the year end is a balance due to the directors of £343,936 (2023 - £477,624).