FGE Holdings Limited - Accounts to registrar (filleted) - small 18.2

FGE Holdings Limited - Accounts to registrar (filleted) - small 18.2

FGE HOLDINGS LIMITED - Company Information

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FGE Holdings Limited

Financial Statements for the Year Ended 30 June 2019






FGE Holdings Limited

Company Information
for the Year Ended 30 June 2019







DIRECTORS: R D Dalley
R B Sherwin





REGISTERED OFFICE: Freedom Green Energy
Ffrwdgrech Industrial Estate
Brecon
LD3 8LA





REGISTERED NUMBER: 10906079 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
FGE Holdings Limited


The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the
Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of FGE Holdings Limited for the year ended 30 June 2019
which comprise the Income Statement, Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of FGE Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FGE Holdings Limited and state those matters that we have agreed to state to the Board of Directors of FGE Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FGE Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FGE Holdings Limited 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 FGE Holdings Limited. You consider that FGE Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FGE Holdings Limited. 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.






BPU Limited
Chartered Accountants


26 March 2020

This page does not form part of the statutory financial statements

2
FGE Holdings Limited (Registered number: 10906079)

Balance Sheet
30 June 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 233,631 233,631

CURRENT ASSETS
Cash at bank 6,483 4,604

CREDITORS
Amounts falling due within one year 4 16,425 13,827
NET CURRENT LIABILITIES (9,942 ) (9,223 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
223,689
224,408

CREDITORS
Amounts falling due after more than
one year
5
209,261
219,420
NET ASSETS 14,428 4,988

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,328 4,888
14,428 4,988

The notes form part of these financial statements

3
FGE Holdings Limited (Registered number: 10906079)

Balance Sheet - continued
30 June 2019


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 March 2020 and were
signed on its behalf by:





R B Sherwin - Director


The notes form part of these financial statements

4
FGE Holdings Limited (Registered number: 10906079)

Notes to the Financial Statements
for the Year Ended 30 June 2019


1. 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit
arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 2 ).

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2018
and 30 June 2019 233,631
NET BOOK VALUE
At 30 June 2019 233,631
At 30 June 2018 233,631

5
FGE Holdings Limited (Registered number: 10906079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 5,470 5,470
Taxes & social security costs 3,179 2,082
Other creditors & accruals 7,776 6,275
16,425 13,827

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2019 2018
£    £   
Bank loans 135,848 141,220
Other creditors 73,413 78,200
209,261 219,420

6. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 141,318 146,690

The bank loans are secured over the assets to which the relate.

6