Company Registration No. 13741870 (England and Wales)
FELGEORGE PROPERTY LTD
Unaudited accounts
for the year ended 30 November 2024
FELGEORGE PROPERTY LTD
Unaudited accounts
Contents
FELGEORGE PROPERTY LTD
Statement of financial position
as at 30 November 2024
Investment property
302,000
303,000
Cash at bank and in hand
5,182
8,268
Creditors: amounts falling due within one year
(90,763)
(90,763)
Net current liabilities
(85,581)
(82,495)
Total assets less current liabilities
217,244
220,505
Creditors: amounts falling due after more than one year
(217,480)
(217,480)
Net (liabilities)/assets
(236)
3,025
Called up share capital
100
100
Revaluation reserve
4,284
4,474
Profit and loss account
(4,620)
(1,549)
Shareholders' funds
(236)
3,025
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 March 2025 and were signed on its behalf by
Stella Obigho
Director
Company Registration No. 13741870
FELGEORGE PROPERTY LTD
Notes to the Accounts
for the year ended 30 November 2024
FELGEORGE PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 13741870. The registered office is 25 COLLINDALE AVENUE, ERITH, DA8 1EF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
FELGEORGE PROPERTY LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 December 2023
303,000
Net loss from fair value adjustments
(1,000)
At 30 November 2024
302,000
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
90,163
90,163
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
217,480
217,480
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).