Fulmor Limited - Accounts to registrar (filleted) - small 18.2
Fulmor Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2020 |
for |
Fulmor Limited |
Fulmor Limited (Registered number: SC290778) |
Contents of the Financial Statements |
for the Year Ended 30 September 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Fulmor Limited |
Company Information |
for the Year Ended 30 September 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
Glebefield House |
21 Links Terrace |
Peterhead |
Aberdeenshire |
AB42 2XA |
Fulmor Limited (Registered number: SC290778) |
Balance Sheet |
30 September 2020 |
30.9.20 | 30.9.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Investments | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Fulmor Limited (Registered number: SC290778) |
Balance Sheet - continued |
30 September 2020 |
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 |
Fulmor Limited (Registered number: SC290778) |
Notes to the Financial Statements |
for the Year Ended 30 September 2020 |
1. | STATUTORY INFORMATION |
Fulmor Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents property rental income excluding VAT. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period. |
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. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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). |
Fulmor Limited (Registered number: SC290778) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2020 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2019 |
Disposals | ( |
) | ( |
) |
At 30 September 2020 |
DEPRECIATION |
At 1 October 2019 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 September 2020 |
NET BOOK VALUE |
At 30 September 2020 |
At 30 September 2019 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2019 |
Disposals | ( |
) |
At 30 September 2020 |
NET BOOK VALUE |
At 30 September 2020 |
At 30 September 2019 |
The directors believe that the current value of investment properties as at the year end are as at cost. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.20 | 30.9.19 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
Fulmor Limited (Registered number: SC290778) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2020 |
7. | CURRENT ASSET INVESTMENTS |
30.9.20 | 30.9.19 |
£ | £ |
Unlisted investments | 10,000 | 10,000 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.20 | 30.9.19 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Loan - Fulmor One Ltd |
Tax |
VAT | 36,246 | 3,094 |
Other creditors |
Directors' current accounts | 953 | 26,683 |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.20 | 30.9.19 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 8,333 | 229,950 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.20 | 30.9.19 |
£ | £ |
Bank loans |
Bank borrowings are secured by means of a bond and floating charge over the assets of the company. |
Fulmor Limited (Registered number: SC290778) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2020 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30 September 2020 and 30 September 2019: |
30.9.20 | 30.9.19 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
12. | RELATED PARTY DISCLOSURES |
Included within Creditors Amounts Falling Due Within One Year is a balance due to Fulmor One Ltd of £532,392 (2019 - £533,643), a company of which R Morrison and W Fulton are directors. |
At the balance sheet date there is a balance due to Cock & Bull Country Inns Limited of £15,100 (2019 - £15,100), £100,000 (2019 - £100,000) due to Rodger Morrison Catering Limited, £137,480 (2019 - £137,480) due to Rodger Morrison Holding Limited, £10,112 (2019 - £10,112) due to Davidson Properties Limited, companies of which R Morrison is a director. No interest is being charged and there are no fixed terms of repayment. |
At the balance sheet date there is a balance due from Fulton Properties Limited of £119,000 (2019 - £76,000), a company of which W Fulton is a director. No interest is being charged and there are no fixed terms of repayment. |
13. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the directors who own 100% of the called up share capital. |