Company Registration No. 12358157 (England and Wales)
FITZHUGH PROPERTY GROUP LTD
Unaudited accounts
for the year ended 31 December 2024
FITZHUGH PROPERTY GROUP LTD
Statement of financial position
as at 31 December 2024
Investment property
261,463
261,463
Cash at bank and in hand
3,747
2,034
Creditors: amounts falling due within one year
(548)
(490)
Net current assets
3,380
1,718
Total assets less current liabilities
265,693
264,331
Creditors: amounts falling due after more than one year
(273,911)
(272,874)
Net liabilities
(8,218)
(8,543)
Called up share capital
100
100
Profit and loss account
(8,318)
(8,643)
Shareholders' funds
(8,218)
(8,543)
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 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 29 September 2025 and were signed on its behalf by
Mr Daniel Michael Fitzhugh
Director
Company Registration No. 12358157
FITZHUGH PROPERTY GROUP LTD
Notes to the Accounts
for the year ended 31 December 2024
FITZHUGH PROPERTY GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12358157. The registered office is First Floor Offices, 25 Sanders Road, Finedon Road Industrial Estate, Wellingborough, Northamptonshire, NN8 4NL, United Kingdom.
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.
Turnover represents the value of gross rent due to the company for the financial year.
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:
Computer equipment
Straight line over 4 years
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.
FITZHUGH PROPERTY GROUP LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 January 2024
261,463
At 31 December 2024
261,463
The historic cost of the property totalled £261,463 (2023 £261,463).
Amounts falling due within one year
Accrued income and prepayments
181
174
7
Creditors: amounts falling due within one year
2024
2023
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
196,905
196,905
Loans from directors
77,006
75,969
The bank loan is secured against the investment property.
FITZHUGH PROPERTY GROUP LTD
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).