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REGISTERED NUMBER: 03856318 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Focusplain Limited

Focusplain Limited (Registered number: 03856318)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Focusplain Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A J R Viney
Mrs S C Viney
R J D Viney





SECRETARY: Mrs S C Viney





REGISTERED OFFICE: Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA





REGISTERED NUMBER: 03856318 (England and Wales)

Focusplain Limited (Registered number: 03856318)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,451,024 3,450,288
Investments 7 100 100
3,451,124 3,450,388

CURRENT ASSETS
Debtors 8 16,911 16,660
Cash at bank 93,383 12,567
110,294 29,227
CREDITORS
Amounts falling due within one year 9 822,228 763,483
NET CURRENT LIABILITIES (711,934 ) (734,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,739,190

2,716,132

CREDITORS
Amounts falling due after more than one
year

10

(50,430

)

(52,975

)

PROVISIONS FOR LIABILITIES (289,206 ) (289,206 )
NET ASSETS 2,399,554 2,373,951

CAPITAL AND RESERVES
Called up share capital 350 350
Share premium 15,950 15,950
Capital contribution reserve 210,750 210,750
Retained earnings 2,172,504 2,146,901
SHAREHOLDERS' FUNDS 2,399,554 2,373,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Focusplain Limited (Registered number: 03856318)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:




A J R Viney - Director



S C Viney - Director


Focusplain Limited (Registered number: 03856318)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Focusplain Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Rental income

Income from the letting of property is recognised in the period to which it relates.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on straight line basis
Computer equipment - 20% on straight line basis

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Investments in subsidiaries
Investment in subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Basic financial liabilities, including trade and other creditors, bank loans, overdrafts and loans from fellow group companies, are initially recognised at transaction price. Bank loans and other loans are subsequently carried at amortised cost, using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.


Focusplain Limited (Registered number: 03856318)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with an change recognised in the profit and loss account.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to shareholders
Dividends and other distributions to company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Related party transactions
The company discloses transactions with related parties which are not wholly owned with the same group. It does not disclose transactions with members of the same group that are wholly owned.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 275,000
AMORTISATION
At 1 July 2023
and 30 June 2024 275,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Focusplain Limited (Registered number: 03856318)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 3,447,504 60,617 14,126 3,522,247
Additions - - 2,484 2,484
At 30 June 2024 3,447,504 60,617 16,610 3,524,731
DEPRECIATION
At 1 July 2023 - 57,833 14,126 71,959
Charge for year - 928 820 1,748
At 30 June 2024 - 58,761 14,946 73,707
NET BOOK VALUE
At 30 June 2024 3,447,504 1,856 1,664 3,451,024
At 30 June 2023 3,447,504 2,784 - 3,450,288

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2017 1,328,075 - - 1,328,075
Valuation in 2019 311,275 - - 311,275
Valuation in 2022 15,000 - - 15,000
Cost 1,793,154 60,617 16,610 1,870,381
3,447,504 60,617 16,610 3,524,731

Investment properties were valued on an open market basis on 30 June 2022 by the directors .

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,037 12,692
Prepayments 3,874 3,968
16,911 16,660

Focusplain Limited (Registered number: 03856318)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,068 23,321
Directors loan 605,539 605,539
Trade creditors - 158
Amounts owed to group undertakings 94,499 14,000
Tax 10,195 -
Other creditors 40,342 30,406
Directors' current accounts 42,905 82,349
Accruals and deferred income 5,680 7,710
822,228 763,483

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,798 3,051
Bank loans - 2-5 years 8,395 9,154
Bank loans 39,237 40,770
50,430 52,975

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 39,237 40,770

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 53,228 56,026

The bank loan is secured on some of the company's freehold properties.

12. RELATED PARTY DISCLOSURES

During the year the following dividends were paid

2024 2023
£ £
A J R Viney 10,000 10,000
Mrs S C Viney 0 0
R Viney Settlement 0 0
C Viney Settlement 0 0
10,000 10,000
In addition Mrs S C Viney waived dividends of £10,000 (2023 - £10,000).

At the year end the following directors current account balances were due:
SC Viney - £35,094 due from the company (2023: £41,444)
AJR Viney - £7,810 due from the company (2023: £40,905)

The amounts are made interest free and are repayable on demand.

At the year end the company owed the directors £605,539 (2023: £605,539) by way of a loan. Interest is paid on the loan and the loan is repayable on demand.

At the year end the company owed £94,499 to Logs for All Ltd (2023: £14,000).

Focusplain Limited (Registered number: 03856318)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

13. CONTROLLING PARTY

The controlling party is SC Viney & AJR Viney.