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Company Registration No. 11308452 (England and Wales)
Fifty Fifty Holdings Limited Unaudited accounts for the year ended 31 August 2024
Fifty Fifty Holdings Limited Unaudited accounts Contents
Page
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Fifty Fifty Holdings Limited Company Information for the year ended 31 August 2024
Directors
Christopher Drummond Ash James Mark Mackenzie Soane
Company Number
11308452 (England and Wales)
Registered Office
Orange Cottage Prentice Street Lavenham Sudbury CO10 9RD
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Fifty Fifty Holdings Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
497,045 
502,223 
Investment property
1,100,000 
557,600 
Investments
100 
100 
1,597,145 
1,059,923 
Current assets
Debtors
18,837 
19,264 
Cash at bank and in hand
72,752 
64,809 
91,589 
84,073 
Creditors: amounts falling due within one year
(141,718)
(181,759)
Net current liabilities
(50,129)
(97,686)
Total assets less current liabilities
1,547,016 
962,237 
Creditors: amounts falling due after more than one year
(878,056)
(878,056)
Provisions for liabilities
Deferred tax
(135,600)
- 
Net assets
533,360 
84,181 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
533,160 
83,981 
Shareholders' funds
533,360 
84,181 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by
Christopher Drummond Ash Director Company Registration No. 11308452
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Fifty Fifty Holdings Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Fifty Fifty Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11308452. The registered office is Orange Cottage Prentice Street, Lavenham, Sudbury, CO10 9RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The cost of land is not depreciated.
Land & buildings
1%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
The holding company's investment in its subsidiary undertaking has been recognised at cost.
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Fifty Fifty Holdings Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2023
517,756 
At 31 August 2024
517,756 
Depreciation
At 1 September 2023
15,533 
Charge for the year
5,178 
At 31 August 2024
20,711 
Net book value
At 31 August 2024
497,045 
At 31 August 2023
502,223 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
557,600 
Net gain from fair value adjustments
542,400 
At 31 August 2024
1,100,000 
Investment property has been revalued to fair value, resulting in a gain of £542,400. In accordance with FRS 102 Section 16, this gain has been recognised in the profit and loss account, with related deferred tax of £135,600. The net gain of £406,800 forms part of the profit and loss reserves in the balance sheet and represents unrealised profits which are not available for distribution under company law
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2023
100 
Valuation at 31 August 2024
100 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,603 
12,849 
Accrued income and prepayments
6,134 
5,690 
Other debtors
100 
725 
18,837 
19,264 
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Fifty Fifty Holdings Limited Notes to the Accounts for the year ended 31 August 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,161 
4,332 
Trade creditors
6,135 
- 
Taxes and social security
14,595 
11,654 
Loans from directors
110,000 
160,000 
Accruals
750 
540 
Deferred income
5,077 
5,233 
141,718 
181,759 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
878,056 
878,056 
10
Transactions with related parties
At the balance sheet date the company owed £878,056 to its subsidiary undertaking, that is included in creditors due in more than one year.
11
Controlling party
The company's subsidiary undertaking is Project Orange Limited, a company incorporated in England and Wales
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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