Fifty Fifty Holdings Limited


1 September 2019 false No description of principal activity Taxfiler 2020.12 11308452business:PrivateLimitedCompanyLtd2019-09-012020-08-31 113084522019-08-31 113084522019-09-012020-08-31 11308452business:AuditExemptWithAccountantsReport2019-09-012020-08-31 11308452business:FullAccounts2019-09-012020-08-31 113084522020-08-31 11308452business:Director12019-09-012020-08-31 11308452business:Director22019-09-012020-08-31 11308452business:RegisteredOffice2019-09-012020-08-31 113084522019-08-31 11308452core:AfterOneYear2020-08-31 11308452core:AfterOneYear2019-08-31 11308452core:ShareCapital2020-08-31 11308452core:ShareCapital2019-08-31 11308452business:SmallEntities2019-09-012020-08-31 11308452countries:EnglandWales2019-09-012020-08-31 11308452core:LandBuildings2019-08-31 11308452core:LandBuildings2019-09-012020-08-31 11308452core:LandBuildings2020-08-31 113084522018-04-132019-08-31 iso4217:GBP xbrli:pure
Company Registration No. 11308452 (England and Wales)
Fifty Fifty Holdings Limited Unaudited accounts for the year ended 31 August 2020
Fifty Fifty Holdings Limited Unaudited accounts Contents
Page
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Fifty Fifty Holdings Limited Company Information for the year ended 31 August 2020
Directors
Christopher Drummond Ash James Mark Mackenzie Soane
Company Number
11308452 (England and Wales)
Registered Office
Orange Cottage Prentice Street Lavenham Sudbury CO10 9RD
Accountants
Leapman Weiss Building 6 30 Friern Park London N12 9DA
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Fifty Fifty Holdings Limited Statement of financial position as at 31 August 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
557,600 
- 
Investments
100 
100 
557,700 
100 
Current assets
Debtors
100 
100 
Net current assets
100 
100 
Total assets less current liabilities
557,800 
200 
Creditors: amounts falling due after more than one year
(557,600)
- 
Net assets
200 
200 
Capital and reserves
Called up share capital
200 
200 
Shareholders' funds
200 
200 
For the year ending 31 August 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 29 October 2020 and were signed on its behalf by
Christopher Drummond Ash Director Company Registration No. 11308452
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Fifty Fifty Holdings Limited Notes to the Accounts for the year ended 31 August 2020
1
Statutory information
Fifty Fifty Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11308452. The registered office is Orange Cottage Prentice Street, Lavenham, Sudbury, CO10 9RD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Leasehold property is depreciated on a straight line basis over the remaining lease term.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2019
- 
Additions
557,600 
At 31 August 2020
557,600 
Depreciation
At 31 August 2020
- 
Net book value
At 31 August 2020
557,600 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2019
100 
Valuation at 31 August 2020
100 
6
Debtors
2020 
2019 
£ 
£ 
Other debtors
100 
100 
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Fifty Fifty Holdings Limited Notes to the Accounts for the year ended 31 August 2020
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Other creditors
557,600 
- 
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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