Fuzzy Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC269052 (Scotland)

Financial Statements for the Year Ended 30 November 2020

for

Fuzzy Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms Q Zhu

SECRETARY:

A D Cain

REGISTERED OFFICE:

Middle Third

Strichen

Fraserburgh

AB43 6RJ

REGISTERED NUMBER:

SC269052 (Scotland)

ACCOUNTANT:

James S. Lessells

Middle Third

Strichen

Fraserburgh

AB43 6RJ

FIXED ASSETS

Tangible assets

4

128

170

Investment property

5

159,000

186,000

159,128

186,170

CURRENT ASSETS

Debtors

6

-

308

Cash at bank

38,552

44,418

38,552

44,726

CREDITORS

Amounts falling due within one year

7

172,125

172,963

NET CURRENT LIABILITIES

(133,573

)

(128,237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,555

57,933

PROVISIONS FOR LIABILITIES

8

-

1,453

NET ASSETS

25,555

56,480

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

24,555

55,480

SHAREHOLDERS' FUNDS

25,555

56,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 30 August 2021 and were signed by:

Ms Q Zhu - Director

1.	STATUTORY INFORMATION

Fuzzy Investments Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

50% on cost and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2019

and 30 November 2020

7,288

DEPRECIATION

At 1 December 2019

7,118

Charge for year

42

At 30 November 2020

7,160

NET BOOK VALUE

At 30 November 2020

128

At 30 November 2019

170

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2019

186,000

Revaluations

(27,000

)

At 30 November 2020

159,000

NET BOOK VALUE

At 30 November 2020

159,000

At 30 November 2019

186,000

Fair value at 30 November 2020 is represented by:

£

Valuation in 2021

159,000

If Investment property had not been revalued it would have been included at the following historical cost:

30.11.20

30.11.19

£

£

Cost

122,160

122,160

Investment property was valued on an open market basis on 30 August 2021 by Zoopla .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade debtors

-

308

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Other creditors

172,125

172,963

8.	PROVISIONS FOR LIABILITIES

30.11.20

30.11.19

£

£

Deferred tax

-

1,453

Deferred

tax

£

Balance at 1 December 2019

1,453

Credit to Income Statement during year

(1,453

)

Balance at 30 November 2020

-