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
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
Fifty Fifty Holdings Limited
Statement of financial position
as at 31 August 2024
Tangible assets
497,045
502,223
Investment property
1,100,000
557,600
Cash at bank and in hand
72,752
64,809
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
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
Fifty Fifty Holdings Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
The holding company's investment in its subsidiary undertaking has been recognised at cost.
Fifty Fifty Holdings Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings
At 1 September 2023
517,756
At 1 September 2023
15,533
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
Amounts falling due within one year
Trade debtors
12,603
12,849
Accrued income and prepayments
6,134
5,690
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
Taxes and social security
14,595
11,654
Loans from directors
110,000
160,000
Deferred income
5,077
5,233
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.
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).