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REGISTERED NUMBER: 04979731 (England and Wales)








Unaudited Financial Statements for the Year Ended 30 June 2024

for

Fylde Limited

Fylde Limited (Registered number: 04979731)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Fylde Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: R Dixson





REGISTERED OFFICE: Unit 6 Whitehills Drive
Whitehills Business Park
Blackpool
Lancashire
FY4 5LW





REGISTERED NUMBER: 04979731 (England and Wales)





ACCOUNTANTS: Ashworth Treasure (BOC) Limited
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Fylde Limited (Registered number: 04979731)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 812 1,083
Investment property 5 1,833,000 1,833,000
1,833,812 1,834,083

CURRENT ASSETS
Debtors 2,223 10,307

CREDITORS
Amounts falling due within one year 138,120 98,744
NET CURRENT LIABILITIES (135,897 ) (88,437 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,697,915

1,745,646

CREDITORS
Amounts falling due after more than one
year

6

(519,603

)

(541,313

)

PROVISIONS FOR LIABILITIES (59,632 ) (59,632 )
NET ASSETS 1,118,680 1,144,701

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Non distributable reserve 8 478,408 478,408
Retained earnings 639,272 665,293
SHAREHOLDERS' FUNDS 1,118,680 1,144,701

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 director acknowledges his 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.

Fylde Limited (Registered number: 04979731)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





R Dixson - Director


Fylde Limited (Registered number: 04979731)

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

1. STATUTORY INFORMATION

Fylde 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.

2. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on the movements in valuation.

Financial instruments
The following assets and liabilities are classified as financial instruments -trade debtors, trade creditors, bank loans and directors' loans.

Bank Loans are initially measured at the present value of future payments,
discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fylde Limited (Registered number: 04979731)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 77,136
DEPRECIATION
At 1 July 2023 76,053
Charge for year 271
At 30 June 2024 76,324
NET BOOK VALUE
At 30 June 2024 812
At 30 June 2023 1,083

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,833,000
NET BOOK VALUE
At 30 June 2024 1,833,000
At 30 June 2023 1,833,000

The investment properties were valued at an open market value by the director as at June 2021.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 224,175
Valuation in 2021 313,868
Cost 1,294,957
1,833,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 346,650 354,611

Fylde Limited (Registered number: 04979731)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 1,481 5,092
Bank loans 557,808 581,067
559,289 586,159

8. RESERVES
Non
distributable
reserve
£   
At 1 July 2023
and 30 June 2024 478,408

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in Creditors,amounts due within one year is an amount of £91,000 owing to the director of the company. The loan account is interest free repayable on demand.

10. RELATED PARTY DISCLOSURES

The controlling party is R Dixson.