Company Registration No. 11668100 (England and Wales)
FSBM PROPERTIES LTD
Unaudited accounts
for the year ended 30 June 2024
FSBM PROPERTIES LTD
Unaudited accounts
Contents
FSBM PROPERTIES LTD
Company Information
for the year ended 30 June 2024
Director
Moheed Yousaf MUGHAL
Company Number
11668100 (England and Wales)
Registered Office
509 ALFRETON ROAD
NOTTINGHAM
NG7 5NH
ENGLAND
FSBM PROPERTIES LTD
Statement of financial position
as at 30 June 2024
Investment property
773,399
773,399
Cash at bank and in hand
49,623
35,006
Creditors: amounts falling due within one year
(85,684)
(31,760)
Net current (liabilities)/assets
(25,040)
12,246
Total assets less current liabilities
748,359
785,645
Creditors: amounts falling due after more than one year
(631,002)
(701,084)
Called up share capital
1
1
Profit and loss account
117,356
84,560
Shareholders' funds
117,357
84,561
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 19 June 2025 and were signed on its behalf by
Moheed Yousaf MUGHAL
Director
Company Registration No. 11668100
FSBM PROPERTIES LTD
Notes to the Accounts
for the year ended 30 June 2024
FSBM PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11668100. The registered office is 509 ALFRETON ROAD, NOTTINGHAM, NG7 5NH, ENGLAND.
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.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 July 2023
773,399
Valuation at cost plus improvements £773,399 as at 30.06.2023. The director intends to provide an independent valuation to reflect the actual true value of the investment property held by the company for the accounting year ended 30.06.2024.
Amounts falling due within one year
Accrued income and prepayments
2,021
-
FSBM PROPERTIES LTD
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
65,394
20,000
Trade creditors
1,670
1,220
Taxes and social security
18,132
10,051
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
481,606
547,000
Loans from directors
149,396
154,084
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).