Registered number
10324989
Franschhoek Investments Ltd
Filleted Accounts
31 August 2024
Franschhoek Investments Ltd
Registered number: 10324989
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 2 458,506 467,886
Current assets
Cash at bank and in hand 21,082 12,221
Creditors: amounts falling due within one year 3 (1,850) (1,700)
Net current assets 19,232 10,521
Total assets less current liabilities 477,738 478,407
Creditors: amounts falling due after more than one year 4 (282,468) (282,468)
Net assets 195,270 195,939
Capital and reserves
Profit and loss account 195,270 195,939
Shareholders' funds 195,270 195,939
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Dulley
Director
Approved by the board on 7 March 2025
Franschhoek Investments Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is income received untaxed from an Asset Management Company
Investments
Asset Managed Investments are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Investments
Property
investments
COST £
Cost
At 1 September 2023 467,886
Additions 86,606
Revaluation
Disposals (95,986)
At 31 August 2024 458,506
Historical cost
At 1 September 2023 467,886
At 31 August 2024 458,506
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,850 1,700
4 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to Directors 282,468 282,468
5 Average Employees 2024 2023
Average Director Employees 2 2
Franschhoek Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
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