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REGISTERED NUMBER: 06904589 (England and Wales)















Financial Statements for the Year Ended 28 April 2024

for

First Place Investments Limited

First Place Investments Limited (Registered number: 06904589)






Contents of the Financial Statements
for the Year Ended 28 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


First Place Investments Limited

Company Information
for the Year Ended 28 April 2024







DIRECTORS: H Foster
Mrs S Foster





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 06904589 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

First Place Investments Limited (Registered number: 06904589)

Balance Sheet
28 April 2024

28.4.24 28.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,760 6,347
Investment property 5 1,547,759 1,547,759
1,552,519 1,554,106

CURRENT ASSETS
Debtors 6 1,049,047 793,303
Cash at bank 16,534 179,723
1,065,581 973,026
CREDITORS
Amounts falling due within one year 7 1,270,671 1,122,021
NET CURRENT LIABILITIES (205,090 ) (148,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,347,429

1,405,111

CREDITORS
Amounts falling due after more than one
year

8

1,080,555

1,158,061
NET ASSETS 266,874 247,050

CAPITAL AND RESERVES
Called up share capital 220,854 220,854
Retained earnings 46,020 26,196
SHAREHOLDERS' FUNDS 266,874 247,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 April 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.

First Place Investments Limited (Registered number: 06904589)

Balance Sheet - continued
28 April 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 25 April 2025 and were signed on its behalf by:





H Foster - Director


First Place Investments Limited (Registered number: 06904589)

Notes to the Financial Statements
for the Year Ended 28 April 2024

1. STATUTORY INFORMATION

First Place Investments 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. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of rental income received or receivable excluding discounts and is exempt from value added tax.

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.

Financial instruments
Directors loans and intercompany 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.

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.


First Place Investments Limited (Registered number: 06904589)

Notes to the Financial Statements - continued
for the Year Ended 28 April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 April 2023
and 28 April 2024 11,840
DEPRECIATION
At 29 April 2023 5,493
Charge for year 1,587
At 28 April 2024 7,080
NET BOOK VALUE
At 28 April 2024 4,760
At 28 April 2023 6,347

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 April 2023
and 28 April 2024 1,547,759
NET BOOK VALUE
At 28 April 2024 1,547,759
At 28 April 2023 1,547,759

First Place Investments Limited (Registered number: 06904589)

Notes to the Financial Statements - continued
for the Year Ended 28 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.4.24 28.4.23
£    £   
Trade debtors 4,119 -
Amounts owed by group undertakings 539,622 504,303
Other debtors 505,306 289,000
1,049,047 793,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.4.24 28.4.23
£    £   
Bank loans and overdrafts 46,410 10,000
Trade creditors 2,105 1,320
Amounts owed to group undertakings 311,900 314,220
Taxation and social security 3,960 -
Other creditors 906,296 796,481
1,270,671 1,122,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.4.24 28.4.23
£    £   
Bank loans 1,080,555 1,158,061

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years 1,026,645 1,135,561

9. SECURED DEBTS

The following secured debts are included within creditors:

28.4.24 28.4.23
£    £   
Bank loans 1,126,965 1,168,061

10. RELATED PARTY DISCLOSURES

Included in creditors is £842,043 owed to related parties.