Company Registration No. 15229206 (England and Wales)
FIDEM ESTATES LTD
Unaudited Financial Statements
For The Period Ended 31 October 2024
Pages For Filing With Registrar
FIDEM ESTATES LTD
Company Information
Director
P. Kowalewska
(Appointed 23 October 2023)
Company number
15229206
Registered office
7, Johnston Road,
Woodford Green,
Essex,
IG8 0XA
Accountants
Nicholas Hall
7 Johnston Road,
Woodford Green,
Essex,
IG8 0XA
FIDEM ESTATES LTD
Contents
Page
Accountants' Report
1
Balance Sheet
2 - 3
Notes To The Financial Statements
4 - 6
FIDEM ESTATES LTD
Accountants' Report To The Director On The Preparation Of The Unaudited Statutory Financial Statements Of Fidem Estates Ltd For The Period Ended 31 October 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fidem Estates Ltd for the period ended 31 October 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Fidem Estates Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fidem Estates Ltd and state those matters that we have agreed to state to the Board of Directors of Fidem Estates Ltd, as a body, in this report in accordance with technical guidelines. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fidem Estates Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Fidem Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fidem Estates Ltd. You consider that Fidem Estates Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Fidem Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Nicholas Hall
____________________________
Nicholas Hall
7 Johnston Road,
Woodford Green,
Essex,
IG8 0XA
13 June 2025
FIDEM ESTATES LTD
Balance Sheet
As At 31 October 2024
31 October 2024
- 2 -
2024
Notes
£
£
Current assets
Debtors
3
7,500
Cash At Bank And In Hand
9,780
17,280
Creditors: amounts falling due within one year
4
(17,177)
Net current assets
103
Capital and reserves
Called Up Share Capital
5
100
Profit And Loss Reserves
3
Total equity
103

In accordance with section 444 of the Companies Act 2006 all of the members of the company have consented to the preparation of filleted financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

FIDEM ESTATES LTD
Balance Sheet (Continued)
As At 31 October 2024
31 October 2024
- 3 -

For the financial period ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 13 June 2025
P. Kowalewska
_______________________
P. Kowalewska
Director
Company Registration No. 15229206
FIDEM ESTATES LTD
Notes To The Financial Statements
For The Period Ended 31 October 2024
- 4 -
1
Accounting policies
Company information

Fidem Estates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7, Johnston Road, Woodford Green, Essex, IG8 0XA

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Reporting period

The 2024 Reporting Period covers the period 23 October 2023 - 31 October 2024 due to the company being incorporated and may not be entirely comparable to other trading periods for this reason.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

FIDEM ESTATES LTD
Notes To The Financial Statements (Continued)
For The Period Ended 31 October 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including Creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 1.

3
Debtors
2024
Amounts falling due within one year:
£
Other Debtors
7,500
4
Creditors: amounts falling due within one year
2024
£
Trade Creditors
277
Other Creditors
16,900
17,177
FIDEM ESTATES LTD
Notes To The Financial Statements (Continued)
For The Period Ended 31 October 2024
- 6 -
5
Called up share capital
2024
£
Ordinary share capital
Issued and fully paid
100 Ordinary Shares of £1 each
100
6
Related party transactions

Included within Other Creditors is a directors' loan account balance totalling £15,900 owed to P. Kowalewksa as at 31 October 2024. The loan was provided interest free and is repayable on demand.

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