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REGISTERED NUMBER: 08302598 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

FMB PROJECTS LIMITED

FMB PROJECTS LIMITED (REGISTERED NUMBER: 08302598)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FMB PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr D Gunn
Mrs E Gunn



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 08302598 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays
3 Bedford Street
Exeter
Devon
EX1 1LX

FMB PROJECTS LIMITED (REGISTERED NUMBER: 08302598)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 865,392 884,792

CURRENT ASSETS
Debtors 5 76,302 4,063
Cash at bank 61,115 105,482
137,417 109,545
CREDITORS
Amounts falling due within one year 6 80,712 32,184
NET CURRENT ASSETS 56,705 77,361
TOTAL ASSETS LESS CURRENT LIABILITIES 922,097 962,153

CREDITORS
Amounts falling due after more than one
year

7

(4,980

)

(15,786

)

PROVISIONS FOR LIABILITIES (469 ) -
NET ASSETS 916,648 946,367

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 914,648 944,367
SHAREHOLDERS' FUNDS 916,648 946,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FMB PROJECTS LIMITED (REGISTERED NUMBER: 08302598)

BALANCE SHEET - continued
30 NOVEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:




Mr D Gunn - Director



Mrs E Gunn - Director


FMB PROJECTS LIMITED (REGISTERED NUMBER: 08302598)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Fmb Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

FMB PROJECTS LIMITED (REGISTERED NUMBER: 08302598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 December 2023 972,700 20,108 992,808
Additions - 666 666
At 30 November 2024 972,700 20,774 993,474
DEPRECIATION
At 1 December 2023 90,400 17,616 108,016
Charge for year 19,454 612 20,066
At 30 November 2024 109,854 18,228 128,082
NET BOOK VALUE
At 30 November 2024 862,846 2,546 865,392
At 30 November 2023 882,300 2,492 884,792

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50 4,063
Other debtors 50,000 -
Directors' current accounts 26,252 -
76,302 4,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,020 9,300
Trade creditors - 634
Tax 9,418 16,131
Social security and other taxes 10,000 -
VAT 4,950 3,418
Other creditors 44,335 -
Directors' current accounts - 76
Accrued expenses 1,989 2,625
80,712 32,184

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 4,980 15,786

FMB PROJECTS LIMITED (REGISTERED NUMBER: 08302598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr D Gunn and Mrs E Gunn
Balance outstanding at start of year (76 ) 62
Amounts advanced 78,743 76,354
Amounts repaid (52,415 ) (76,492 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,252 (76 )

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2023 - £125,100) were paid to the directors .