Company Registration No. 11308452 (England and Wales)
Fifty Fifty Holdings Limited
Unaudited accounts
for the year ended 31 August 2021
Fifty Fifty Holdings Limited
Unaudited accounts
Contents
Fifty Fifty Holdings Limited
Company Information
for the year ended 31 August 2021
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
Fifty Fifty Holdings Limited
Statement of financial position
as at 31 August 2021
Tangible assets
1,075,356
557,600
Cash at bank and in hand
12,244
-
Creditors: amounts falling due within one year
(500,000)
-
Net current (liabilities)/assets
(487,656)
100
Total assets less current liabilities
587,800
557,800
Creditors: amounts falling due after more than one year
(557,600)
(557,600)
Called up share capital
200
200
Profit and loss account
30,000
-
Shareholders' funds
30,200
200
For the year ending 31 August 2021 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 12 January 2022 and were signed on its behalf by
Christopher Drummond Ash
Director
Company Registration No. 11308452
Fifty Fifty Holdings Limited
Notes to the Accounts
for the year ended 31 August 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 September 2020
557,600
At 31 August 2021
1,075,356
At 31 August 2021
1,075,356
5
Investments
Subsidiary undertakings
Valuation at 1 September 2020
100
Valuation at 31 August 2021
100
6
Debtors: amounts falling due within one year
2021
2020
Fifty Fifty Holdings Limited
Notes to the Accounts
for the year ended 31 August 2021
7
Creditors: amounts falling due within one year
2021
2020
Loans from directors
500,000
-
8
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
557,600
557,600
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
