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REGISTERED NUMBER: 09467162 (England and Wales)















F P C ASEOS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






F P C ASEOS LIMITED (REGISTERED NUMBER: 09467162)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F P C ASEOS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr C R L Coombs
Mr C A Sadler





SECRETARY: Mr C R L Coombs





REGISTERED OFFICE: Aseos House
9-11 Moor Bottom
Honley
Holmfirth
West Yorkshire
HD9 6DN





REGISTERED NUMBER: 09467162 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

F P C ASEOS LIMITED (REGISTERED NUMBER: 09467162)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 410,000 710,000
410,000 710,000

CURRENT ASSETS
Debtors 6 342 1,500
Cash at bank 70,303 3,640
70,645 5,140
CREDITORS
Amounts falling due within one year 7 (51,932 ) (120,189 )
NET CURRENT ASSETS/(LIABILITIES) 18,713 (115,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,713

594,951

CREDITORS
Amounts falling due after more than one
year

8

(177,134

)

(305,210

)

PROVISIONS FOR LIABILITIES 10 (29,484 ) (48,278 )
NET ASSETS 222,095 241,463

CAPITAL AND RESERVES
Called up share capital 4 4
Non distributable reserve 11 88,453 210,585
Retained earnings 133,638 30,874
SHAREHOLDERS' FUNDS 222,095 241,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

F P C ASEOS LIMITED (REGISTERED NUMBER: 09467162)

BALANCE SHEET - continued
31 March 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 6 March 2025 and were signed on its behalf by:




Mr C R L Coombs - Director



Mr C A Sadler - Director


F P C ASEOS LIMITED (REGISTERED NUMBER: 09467162)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

F P C Aseos 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 rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

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.

Investment properties are stated at their estimated open market value, as determined by the directors, on an annual basis.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


F P C ASEOS LIMITED (REGISTERED NUMBER: 09467162)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 680
DEPRECIATION
At 1 April 2023
and 31 March 2024 680
NET BOOK VALUE
At 31 March 2024 -

F P C ASEOS LIMITED (REGISTERED NUMBER: 09467162)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 710,000
Disposals (300,000 )
At 31 March 2024 410,000
NET BOOK VALUE
At 31 March 2024 410,000
At 31 March 2023 710,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 410,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 292,063 451,137

Investment property was valued on an open market value basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 342 1,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 34,205 213
Other creditors 17,727 119,976
51,932 120,189

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 177,134 305,210

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 177,134 305,210

F P C ASEOS LIMITED (REGISTERED NUMBER: 09467162)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 177,134 305,210

Bank loans comprise mortgages which are secured against the properties to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 29,484 48,278

Deferred
tax
£   
Balance at 1 April 2023 48,278
Credit to Income Statement during year (18,794 )
Balance at 31 March 2024 29,484

11. RESERVES
Non
distributable
reserve
£   
At 1 April 2023 210,585
Revaluation of Investment
Property (140,926 )
Deferred tax adjustment 18,794

At 31 March 2024 88,453

12. RELATED PARTY DISCLOSURES

Loans owing to the directors, on an interest free basis, of £2,765 (2023:£54,152) were outstanding at the year end. Loans will be repaid when funds permit.
.
Creditors includes a £10,000 (2023: 34,392) loan from MJC Residential Ltd, a company owned by the directors of FPC Aseos Ltd. The loans are interest free and are repayable on demand.

Loan due to MJC Maintenance Ltd as of 31 March 2024 £Nil (2023: £26,160), a company owned by the directors of FPC Aseos Ltd.