Statutory Information
F.A.B. PROPERTY SOLUTIONS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 13508199, registration address 15 Pheasant Grove, Liverpool, L26 7WT, England.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Following are the properties : - 11 Killarney Road, LIVERPOOL, L13 5SW.
|
| 2. |
Tangible fixed assets
| Cost or Valuation |
|
Freehold property |
|
Land and Buildings |
|
Total |
| |
|
£ |
|
£ |
|
£ |
| At 01 August 2024 |
|
120,000 |
|
9,151 |
|
129,151 |
| Additions |
|
- |
|
- |
|
- |
| At 31 July 2025 |
|
120,000 |
|
9,151 |
|
129,151 |
| Depreciation |
| At 01 August 2024 |
|
- |
|
- |
|
- |
| At 31 July 2025 |
|
- |
|
- |
|
- |
| Net book values |
| Closing balance as at 31 July 2025 |
|
120,000 |
|
9,151 |
|
129,151 |
| Opening balance as at 01 August 2024 |
|
120,000 |
|
9,151 |
|
129,151 |
|
| 3. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other debtors |
- |
|
(1) |
|
- |
|
(1) |
|
|
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Inter-company loan |
70,079 |
|
68,979 |
|
70,079 |
|
68,979 |
|
| 4. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Accrued expenses |
479 |
|
- |
| Directors' current account |
152,680 |
|
153,080 |
|
153,159 |
|
153,080 |
|
| 5. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Paragon Mortgage loan |
91,850 |
|
91,850 |
|
91,850 |
|
91,850 |
|
| 6. |
Reserves
|
2025
£ |
|
2024
£ |
| Revaluation reserve b/fwd |
1,580 |
|
1,580 |
|
1,580 |
|
1,580 |
|
| 7. |
Profit and loss account
| |
2025
£ |
| Balance at 01 August 2024 |
(48,202) |
| Profit for the year |
2,309 |
| Balance at 31 July 2025 |
(45,893) |
|
| 8. |
Average number of employees
Average number of employees during the year were 2 (2024: 2).
|
2
|