Registered number
12062078
Filice Properties Limited
Filleted Accounts
30 June 2024
Filice Properties Limited
Registered number: 12062078
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 167,618 167,618
Current assets
Cash at bank and in hand 4,288 12,760
Creditors: amounts falling due within one year 4 (69,183) (70,501)
Net current liabilities (64,895) (57,741)
Total assets less current liabilities 102,723 109,877
Creditors: amounts falling due after more than one year 5 (122,761) (122,761)
Net liabilities (20,038) (12,884)
Capital and reserves
Called up share capital 10 10
Profit and loss account (20,048) (12,894)
Shareholders' funds (20,038) (12,884)
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.
A Filice
Director
Approved by the board on 14 March 2025
Filice Properties Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Going concern
The accounts have been prepared on a going concern basis. This is dependent upon the continued support of the directors.
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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists or rent receivable.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 July 2023 167,618
At 30 June 2024 167,618
4 Creditors: amounts falling due within one year 2024 2023
£ £
Directors' loan account 68,358 69,676
Other creditors 825 825
69,183 70,501
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 122,761 122,761
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 122,761 122,761
Secured bank borrowings 122,761 122,761
Bank borrowings are secured by means of a legal charge over the company's investment property.
7 Other information
Filice Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Croft Road
Leek Wootton
Warwickshire
CV35 7QE
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