Registered number
13258613
FME EAST LTD
Filleted Accounts
30 March 2024
FME EAST LTD
Registered number: 13258613
Balance Sheet
as at 30 March 2024
Notes 2024 2023
£ £
Fixed assets
Investment Property 3 1,556,660 -
Current assets
Debtors 4 108,097 95,000
Cash at bank and in hand 21,381 5,000
129,478 100,000
Creditors: amounts falling due within one year 5 (1,092,900) -
Net current (liabilities)/assets (963,422) 100,000
Net assets 593,238 100,000
Capital and reserves
Called up share capital 600,000 100,000
Profit and loss account (6,762) -
Shareholders' funds 593,238 100,000
The director is 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 director acknowledges his 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.
P. J. E. M CORFMAT
Director
Approved by the board on 20 March 2025
FME EAST LTD
Notes to the Accounts
for the period from 1 April 2023 to 30 March 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).
Investments Property
Investments properties is carried at fair value determined annually by the directors and derived from current market rents and investments property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.
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 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investment Property
Freehold
Investment
property
£
Cost
Additions 1,556,660
At 30 March 2024 1,556,660
There was no further valuation in the year. The directors believe that this is a reasonable valuation for the property as at 30 March 2024.
4 Debtors 2024 2023
£ £
Other debtors 108,097 95,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,092,900 -
6 Share Capital
Allotted, called up and fully paid shares
2024 2023
No. £ No. £
Ordinary shares of £100 each 6,000 600,000 1,000 100,000
6,000 600,000 1,000 100,000
During the year 5,000 of ordinary shares have been issued at £ 100 each.
7 Other information
FME EAST LTD is a private company limited by shares and incorporated in England. Its registered office is:
Flat 10 5 Lancaster Road, Manchester
Didsbury
England
M20 2TY
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