Fromedale Property Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03843380 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

Fromedale Property Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Cole

Mrs S J Martin

REGISTERED OFFICE:

Shiplate Farm

Shiplate Road

Bleadon

Weston Super Mare

Somerset

BS24 0NY

REGISTERED NUMBER:

03843380 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

203,983

CURRENT ASSETS

Stocks

5

306,816

322,492

Debtors

6

1,400

-

Cash at bank

129,436

7,623

437,652

330,115

CREDITORS

Amounts falling due within one year

7

560,525

464,148

NET CURRENT LIABILITIES

(122,873

)

(134,033

)

TOTAL ASSETS LESS CURRENT LIABILITIES

81,110

69,950

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

81,108

69,948

SHAREHOLDERS' FUNDS

81,110

69,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 and authorised for issue on 28 April 2021 and were signed on its behalf by:

A Cole - Director

1.	STATUTORY INFORMATION

Fromedale Property Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 February 2019

and 31 January 2020

203,983

NET BOOK VALUE

At 31 January 2020

203,983

At 31 January 2019

203,983

5.

STOCKS

31.1.20

31.1.19

£

Work-in-progress

306,816

322,492

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

Other debtors

1,400

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

Amounts owed to group undertakings

174

-

Tax

2,656

17,144

Other creditors

-

461

Other creditor - Sue Martin

-

660

Directors' current accounts

555,069

433,483

Accrued expenses

2,626

12,400

560,525

464,148

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.1.20

31.1.19

value:

£

2

Share capital 1

£1

2

9.

RESERVES

Retained

earnings

£

At 1 February 2019

69,948

Profit for the year

11,160

At 31 January 2020

81,108

10.	RELATED PARTY DISCLOSURES

There was an amount of £174 (2019 : £0) owed to the company by a company under common control at the year end.

Fromedale Property Management Limited - Accounts to registrar (filleted) - small 18.2

Fromedale Property Management Limited - Accounts to registrar (filleted) - small 18.2