Finehames Limited - Filleted accounts

Finehames Limited - Filleted accounts

FINEHAMES LIMITED - Company Information

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Registered number
05311208
Finehames Limited
Filleted Accounts
31 March 2022
Finehames Limited
Registered number: 05311208
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1,229,705 1,229,717
Current assets
Cash at bank and in hand 29,847 24,859
Creditors: amounts falling due within one year 4 (944,970) (971,303)
Net current liabilities (915,123) (946,444)
Net assets 314,582 283,273
Capital and reserves
Called up share capital 100 100
Profit and loss account 314,482 283,173
Shareholder's funds 314,582 283,273
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S L Pannell
Director
Approved by the board on 25 November 2022
Finehames Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Plant and machinery 25% reducing balance
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2021 1,229,668 552 1,230,220
At 31 March 2022 1,229,668 552 1,230,220
Depreciation
At 1 April 2021 - 503 503
Charge for the year - 12 12
At 31 March 2022 - 515 515
Net book value
At 31 March 2022 1,229,668 37 1,229,705
At 31 March 2021 1,229,668 49 1,229,717
4 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 7,544 7,809
Other creditors 937,426 963,494
944,970 971,303
5 Other information
Finehames Limited is a private company limited by shares and incorporated in England. Its registered office is:
Temperance House
Langdon Lane
Radway
Warwickshire
CV35 0UQ
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