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REGISTERED NUMBER: 11402560 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

FM Living Limited

FM Living Limited (Registered number: 11402560)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FM Living Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R Zaidi
U Zaidi





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 11402560 (England and Wales)





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

FM Living Limited (Registered number: 11402560)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 769 1,565

CURRENT ASSETS
Debtors 5 197,127 428,629
Cash at bank 85,083 24,319
282,210 452,948
CREDITORS
Amounts falling due within one year 6 359,293 585,146
NET CURRENT LIABILITIES (77,083 ) (132,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(76,314

)

(130,633

)

PROVISIONS FOR LIABILITIES - 584
NET LIABILITIES (76,314 ) (131,217 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (76,316 ) (131,219 )
(76,314 ) (131,217 )

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.

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 21 February 2025 and were signed on its behalf by:



U Zaidi - Director


FM Living Limited (Registered number: 11402560)

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

1. STATUTORY INFORMATION

FM Living 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.

Despite the losses and net liability position there is no significant doubt upon the entity’s ability to continue as a going concern due to the continued support from the directors and associated companies.

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 the consideration received from accommodation booking fees excluding value added tax. Turnover is recognised on payment of the fee.

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 - 20% on cost

Financial instruments
Other 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 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.

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 profit and loss.

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.


FM Living Limited (Registered number: 11402560)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 14,588
Additions 449
At 30 June 2024 15,037
DEPRECIATION
At 1 July 2023 13,023
Charge for year 1,245
At 30 June 2024 14,268
NET BOOK VALUE
At 30 June 2024 769
At 30 June 2023 1,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 197,127 428,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 11,135 21,472
Taxation and social security 32,342 32,877
Other creditors 315,816 530,797
359,293 585,146

FM Living Limited (Registered number: 11402560)

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

7. RELATED PARTY DISCLOSURES

Included in debtors at 30th June 2024 is £194,324 owed from related parties under common control. The loans are repayable on demand and interest free.

Included in creditors at 30th June 2024 is £207,233 owed to related parties under common control. The loans are repayable on demand and interest free.