FITZNEAL REAL ESTATE LIMITED 30/06/2019 iXBRL

FITZNEAL REAL ESTATE LIMITED 30/06/2019 iXBRL

FITZNEAL REAL ESTATE LIMITED - Company Information

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30/06/2019 2019-06-30 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-07-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:USD 05479785 2018-07-01 2019-06-30 05479785 2019-06-30 05479785 2017-07-01 2018-06-30 05479785 2018-06-30 05479785 2017-06-30 05479785 bus:Director1 2018-07-01 2019-06-30 05479785 core:WithinOneYear 2019-06-30 05479785 core:WithinOneYear 2018-06-30 05479785 core:RetainedEarningsAccumulatedLosses 2017-07-01 2018-06-30 05479785 core:RetainedEarningsAccumulatedLosses 2018-07-01 2019-06-30 05479785 core:ShareCapital 2019-06-30 05479785 core:ShareCapital 2018-06-30 05479785 core:RetainedEarningsAccumulatedLosses 2019-06-30 05479785 core:RetainedEarningsAccumulatedLosses 2018-06-30 05479785 core:ShareCapital 2017-06-30 05479785 core:RetainedEarningsAccumulatedLosses 2017-06-30 05479785 core:CostValuation core:Non-currentFinancialInstruments 2019-06-30 05479785 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2018-06-30 05479785 core:ImpairmentReversalProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2019-06-30 05479785 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2019-06-30 05479785 core:Non-currentFinancialInstruments 2019-06-30 05479785 core:Non-currentFinancialInstruments 2018-06-30 05479785 bus:SmallEntities 2018-07-01 2019-06-30 05479785 bus:AuditExempt-NoAccountantsReport 2018-07-01 2019-06-30 05479785 bus:FullAccounts 2018-07-01 2019-06-30 05479785 bus:SmallCompaniesRegimeForAccounts 2018-07-01 2019-06-30 05479785 bus:PrivateLimitedCompanyLtd 2018-07-01 2019-06-30 05479785 core:ImmediateParent 2018-07-01 2019-06-30
Company registration number: 05479785
FITZNEAL REAL ESTATE LIMITED
Unaudited filleted financial statements
30 June 2019
FITZNEAL REAL ESTATE LIMITED
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
FITZNEAL REAL ESTATE LIMITED
Statement of financial position
30 June 2019
2019 2018
Note $ $ $ $
Fixed assets
Investments 4 11,831,423 11,828,685
_______ _______
11,831,423 11,828,685
Creditors: amounts falling due
within one year 5 ( 1,246,131) ( 1,243,619)
_______ _______
Net current liabilities ( 1,246,131) ( 1,243,619)
_______ _______
Total assets less current liabilities 10,585,292 10,585,066
_______ _______
Net assets 10,585,292 10,585,066
_______ _______
Capital and reserves
Called up share capital 6 14,599,789 14,599,789
Profit and loss account ( 4,014,497) ( 4,014,723)
_______ _______
Shareholders funds 10,585,292 10,585,066
_______ _______
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 April 2020 , and are signed on behalf of the board by:
Victoria Theodosia Malaktos
Director
Company registration number: 05479785
FITZNEAL REAL ESTATE LIMITED
Statement of changes in equity
Year ended 30 June 2019
Called up share capital Profit and loss account Total
$ $ $
At 1 July 2017 14,599,789 ( 3,996,658) 10,603,131
Profit/(loss) for the year ( 18,065) ( 18,065)
_______ _______ _______
Total comprehensive income for the year - ( 18,065) ( 18,065)
_______ _______ _______
At 30 June 2018 and 1 July 2018 14,599,789 ( 4,014,723) 10,585,066
Profit/(loss) for the year 226 226
_______ _______ _______
Total comprehensive income for the year - 226 226
_______ _______ _______
At 30 June 2019 14,599,789 ( 4,014,497) 10,585,292
_______ _______ _______
FITZNEAL REAL ESTATE LIMITED
Notes to the financial statements
Year ended 30 June 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is NWMS Center, 31 Southampton Row, Office 3.11, Third Floor, London, WC1B 5HJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on a going concern basis and under the historical cost convention. The financial statements are prepared in U.S. dollars, which is the functional currency of the entity, and rounded to the nearest dollar.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertaking and participating interest Total
$ $
Cost
At 1 July 2018 and 30 June 2019 15,737,165 15,737,165
_______ _______
Impairment
At 1 July 2018 3,908,480 3,908,480
Reversal of impairment loss ( 2,738) ( 2,738)
_______ _______
At 30 June 2019 3,905,742 3,905,742
_______ _______
Carrying amount
At 30 June 2019 11,831,423 11,831,423
_______ _______
At 30 June 2018 11,828,685 11,828,685
_______ _______
5. Creditors: amounts falling due within one year
2019 2018
$ $
Amounts owed to parent undertaking 1,240,499 1,239,183
Other creditors 5,632 4,436
_______ _______
1,246,131 1,243,619
_______ _______
6. Called up share capital
The share capital of the company is issued in pound sterling - 9,100,611 Ordinary shares of £1 each. The called up share capital is stated on the statement of financial position in U.S. dollars at the rate of exchange prevailing on the date of issue.
7. Related party transactions
During the year, the parent undertaking paid various expenses on behalf of the company. The amount owed by the company to its parent undertaking at the reporting date was $1,240,499 (2018 - $1,239,183). This is an unsecured interest-free loan repayable on demand.
8. Controlling party
The company's parent and ultimate parent undertaking is Eternium Group Ltd , a company registered in British Virgin Islands.