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Company Registration No. 1228945 (England and Wales)
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED Unaudited accounts for the year ended 31 December 2024
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED Unaudited accounts Contents
Page
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F & M AUTOMATIC AMUSEMENT MACHINES LIMITED Company Information for the year ended 31 December 2024
Directors
Mr. A. Fletcher Mrs. A. J. Fletcher
Secretary
Mrs. A. J. Fletcher
Company Number
1228945 (England and Wales)
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
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F & M AUTOMATIC AMUSEMENT MACHINES LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
908,698 
927,331 
Investment property
1,004,768 
986,208 
1,913,466 
1,913,539 
Current assets
Inventories
10,101 
10,308 
Debtors
1,006,271 
647,404 
Cash at bank and in hand
139,137 
167,290 
1,155,509 
825,002 
Creditors: amounts falling due within one year
(323,563)
(273,085)
Net current assets
831,946 
551,917 
Total assets less current liabilities
2,745,412 
2,465,456 
Creditors: amounts falling due after more than one year
(342,573)
(400,401)
Provisions for liabilities
Deferred tax
(28,328)
(31,055)
Net assets
2,374,511 
2,034,000 
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
2,369,511 
2,029,000 
Shareholders' funds
2,374,511 
2,034,000 
For the year ending 31 December 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 1 April 2025 and were signed on its behalf by
Mr. A. Fletcher Director Company Registration No. 1228945
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F & M AUTOMATIC AMUSEMENT MACHINES LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 1228945.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the unexpired term of the lease.
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred taxation
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Going concern
These financial statements have been prepared on a going concern basis.
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F & M AUTOMATIC AMUSEMENT MACHINES LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
5,000 
At 31 December 2024
5,000 
Amortisation
At 1 January 2024
5,000 
At 31 December 2024
5,000 
Net book value
At 31 December 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
804,235 
800,406 
99,209 
239,174 
1,943,024 
Additions
- 
51,150 
- 
22,571 
73,721 
Disposals
- 
- 
(34,000)
- 
(34,000)
At 31 December 2024
804,235 
851,556 
65,209 
261,745 
1,982,745 
Depreciation
At 1 January 2024
57,805 
721,880 
48,882 
187,126 
1,015,693 
Charge for the year
1,137 
51,912 
9,892 
18,655 
81,596 
On disposals
- 
- 
(23,242)
- 
(23,242)
At 31 December 2024
58,942 
773,792 
35,532 
205,781 
1,074,047 
Net book value
At 31 December 2024
745,293 
77,764 
29,677 
55,964 
908,698 
At 31 December 2023
746,430 
78,526 
50,327 
52,048 
927,331 
6
Investment property
2024 
£ 
Fair value at 1 January 2024
986,208 
Additions
18,560 
At 31 December 2024
1,004,768 
Investment properties have been valued by the director, A.Fletcher at the Balance Sheet date at 986,208 on a fair value on an open market basis. The Barclays Bank PLC has a fixed charge on leasehold property known as the grand casino Penzance and fixed & floating charge on undertaking and assets present.
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F & M AUTOMATIC AMUSEMENT MACHINES LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
674,618 
457,404 
Other debtors
331,653 
190,000 
1,006,271 
647,404 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
86,748 
88,020 
Trade creditors
12,043 
1,737 
Taxes and social security
124,787 
94,914 
Other creditors
97,782 
84,843 
Loans from directors
2,203 
3,571 
323,563 
273,085 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
342,573 
400,401 
Aggregate of amounts that fall due for payment after five years
- 
48,321 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000 
5,000 
11
Transactions with related parties
The Company was a subsidiary undertaking of Fletcher Holdings Limited throughout the current and previous year. During the year, the company declared a dividend to Fletcher Holdings Limited of 40000(2023-£20000).
12
Controlling party
The Company is a subsidiary undertaking of Fletcher Holdings Limited, a Company registered in England and Wales in the UK. The ultimate controlling parties are Mr A J Fletcher and Mrs A J Fletcher, both directors and shareholders of Fletcher Holdings Limited.
13
Average number of employees
During the year the average number of employees was 24 (2023: 26).
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