1 December 2023 false No description of principal activity Taxfiler 2024.6 11697625business:PrivateLimitedCompanyLtd2023-12-012024-11-30 116976252023-11-30 116976252023-12-012024-11-30 11697625business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 11697625business:FilletedAccounts2023-12-012024-11-30 116976252024-11-30 11697625business:Director12023-12-012024-11-30 11697625business:RegisteredOffice2023-12-012024-11-30 116976252023-11-30 11697625core:WithinOneYear2024-11-30 11697625core:WithinOneYear2023-11-30 11697625core:AfterOneYear2024-11-30 11697625core:AfterOneYear2023-11-30 11697625core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 11697625core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11697625core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 11697625core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11697625core:PreviouslyStatedAmount2024-11-30 11697625core:PreviouslyStatedAmount2023-11-30 11697625business:SmallEntities2023-12-012024-11-30 11697625countries:EnglandWales2023-12-012024-11-30 11697625core:LandBuildings2024-11-30 11697625core:LandBuildings2023-11-30 11697625core:AfterOneYear2023-12-012024-11-30 116976252022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11697625 (England and Wales)
FSUA Properties Ltd Unaudited accounts for the year ended 30 November 2024
FSUA Properties Ltd Unaudited accounts Contents
Page
- 2 -
FSUA Properties Ltd Company Information for the year ended 30 November 2024
Director
Shazia Kosar Ahmed
Company Number
11697625 (England and Wales)
Registered Office
Unit 1 Chancerygate Business Center Ruislip Middlesex HA4 0JA United Kingdom
Accountants
The Peek Partnership Limited Unit 1, Chancerygate Business Center Stonefield Way Ruislip Middlesex HA4 0JA
- 3 -
FSUA Properties Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,990,000 
- 
Current assets
Cash at bank and in hand
180,017 
42,032 
Creditors: amounts falling due within one year
(95,507)
97,836 
Net current assets
84,510 
139,868 
Total assets less current liabilities
2,074,510 
139,868 
Creditors: amounts falling due after more than one year
(886,435)
- 
Provisions for liabilities
Deferred tax
(234,446)
- 
Net assets
953,629 
139,868 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
953,529 
139,768 
Shareholders' funds
953,629 
139,868 
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 14 February 2025 and were signed on its behalf by
Shazia Kosar Ahmed Director Company Registration No. 11697625
- 4 -
FSUA Properties Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
FSUA Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11697625. The registered office is Unit 1, Chancerygate Business Center, Ruislip, Middlesex, HA4 0JA, United Kingdom.
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.
3
Accounting policies
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 taxation
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
- 5 -
FSUA Properties Ltd Notes to the Accounts for the year ended 30 November 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2024 
2023 
£ 
£ 
Carrying amount of land and buildings on cost basis
1,990,000 
- 
5
Investment property
2024 
£ 
Additions
1,052,214 
Net gain from fair value adjustments
937,786 
At 30 November 2024
1,990,000 
Investment properties comprises £1,990,000. The fair value of the Investment property has been arrived at on the basis of a valuation carried out at 30 November 2024 by the company director. The Valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
61,732 
41,639 
Loans from directors
30,875 
(141,275)
Accruals
2,900 
1,800 
95,507 
(97,836)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
886,435 
- 
Included in creditors falling due after more than one year are bank loan £886,435 secured by a fixed charges over the company's properties.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -